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Post by johnc on Jan 7, 2018 16:00:57 GMT
As I had my lunch today I did a bit of used car and new car searches and plugged the figures into my spreadsheet which works out the finance costs and monthly payments.
All these cars are fully loaded with upgraded leather, heated wheel and rear seats, sunroof, HUD, surround view, HK stereo, Adaptive LED's, comfort access, Apple Play, Speed limit display etc etc. It is probably more than I would spec if I was parting with the money but it keeps the comparison real as does the same deposit which is the most you could contribute for the 440iGC on a PCP.
| LIST PRICE | DISC PRICE | DEPOSIT | LOAN | BALLOON | MTHLY PAYMENT | INTEREST PAID | TOTAL PAID | | BMW 440iGC | £57,000 | £44,428 | £15,837
| £28,591 | £17,434 | £269.17 | £1,763.15 @ 1.9%apr | £46,191.15 | | NEW M4 Comp | £72,000 | £60,395 | £15,837 | £44,558 | £25,000 | £521.34 | £5,466.21 @ 3.9% apr | £65,861.19 | | USED M4 Comp | £72,000 | £55,000 | £15,837 | £39,163 | £24,500 | £517.61 | £10,182.14 @7.9% apr | £65,182.11 |
The used M4 is shown at 7.9% apr which is the lowest the dealers can go without having to compromise on their margin but they will start at 10.9%.
A used car rate of 5.9% is available in some circumstances and that would lower the monthlies to £463.43 and the total cost to £62,581.38 but it wouldn't be available on all cars or from all dealers.
I think the above figures show that with discount and a subsidised interest rate, the new M4 is now the more attractive option than the lightly used or delivery mileage car but is an M4 worth £20K more than a 440iGC?
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Post by Martin on Jan 7, 2018 19:16:10 GMT
As nobody else on the forum has driven an LCI M3 Competition, then it’s a very difficult question to answer. However, I’m pretty sure I would spend the extra if I was in your position.
Do you think the new M3 will be worth more than the GFV at the end? That would help with the man maths.
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Post by Andy C on Jan 7, 2018 19:58:11 GMT
I’d just go for the 440i . It’s a stonking engine - as quick as a e46 m3 and a lot cheaper
If I wanted M4 performance , I’d take a RS4/5 C63 or Guilia QF over the M4
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Post by johnc on Jan 7, 2018 20:01:55 GMT
I think with the right spec (and I could hardly add more!) and low miles, it is bound to be worth more than the GFV.
It is funny but I have looked at a few of the used cars and the new car quotations from BMW and the GFV moves about a bit - there is probably about £2K movement which might just be to flex the monthly payments but it doesn't really follow any pattern as far as I can see. I prefer a conservative GFV. The high apr really sticks in the throat though when you see the total interest cost. |
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Post by johnc on Jan 7, 2018 20:20:15 GMT
I’d just go for the 440i . It’s a stonking engine - as quick as a e46 m3 and a lot cheaper If I wanted M4 performance , I’d take a RS4/5 C63 or Guilia QF over the M4 I have thought that the 440i would probably give me all I need but I am at that age when I think if I don't do it now, I might never do it. The RS4 I like a lot but Audi are up at 6.9% apr and no discount because it's a new car. That makes it £10K more than the M4 before you take interest in to account, so probably £15K in total. The RS5 just doesn't look right to my eyes but I should probably go and look around one but I reckon it will still be too expensive in used form. Don't think I could fork out big money on an Alfa and the C63 is too small in coupe form and the saloon isn't a great deal bigger. The 4 series boot is bigger than both and a better shape for me.
At least it's fun looking.
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Post by Roadrunner on Jan 7, 2018 21:54:35 GMT
Maserati Ghibli?
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Post by alf on Jan 8, 2018 11:08:13 GMT
If you can afford it, and you want it, get the M4 - no car decision is for ever, more money can always be earned, and you will otherwise never know if the top end sporting type model is something you personally feel is worth the extra outlay.
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Post by Bob Sacamano v2.0 on Jan 8, 2018 11:43:24 GMT
I think the above figures show that with discount and a subsidised interest rate, the new M4 is now the more attractive option than the lightly used or delivery mileage car but is an M4 worth £20K more than a 440iGC?
In Top Trump terms it is but I'm pretty sure a 440iGC would be all the car you'd need and more for everyday use. And you'd be £20k to the good. |
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Post by Big Blue on Jan 8, 2018 11:54:11 GMT
As nobody else on the forum has driven an LCI M3 Competition, then it’s a very difficult question to answer. However, I’m pretty sure I would spend the extra if I was in your position. Do you think the new M3 will be worth more than the GFV at the end? That would help with the man maths. See my point from thread last year that "M3" is the "want" car. "M4" is a road west from London.  Fuck knows why they changed it to M4 when the 4-dr could be the Fxx M3 and the 2-dr the Fxy M3. |
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Post by Martin on Jan 8, 2018 12:01:24 GMT
I think the above figures show that with discount and a subsidised interest rate, the new M4 is now the more attractive option than the lightly used or delivery mileage car but is an M4 worth £20K more than a 440iGC?
In Top Trump term it is but I'm pretty sure a 440iGC would be all the car you'd need and more for everyday use. And you'd be £20k to the good. I’m sure it is, but will it feel like a step up from the 435d? Ignoring the petrol vs diesel debate, it sounds like the LCI has better steering and if buying new there’s the opportunity to up the interior quality, but other than that it’s a very similar car. Just a bit slower with less traction...! It is excellent value though, it’s going on the list of options for Lindsay’s next car. |
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Post by Big Blue on Jan 8, 2018 12:03:43 GMT
I must say whether or not it is simulated the M4 Comp sounds very nice indeed from the outside.
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Post by Bob Sacamano v2.0 on Jan 8, 2018 12:04:09 GMT
As nobody else on the forum has driven an LCI M3 Competition, then it’s a very difficult question to answer. However, I’m pretty sure I would spend the extra if I was in your position. Do you think the new M3 will be worth more than the GFV at the end? That would help with the man maths. See my point from thread last year that "M3" is the "want" car. "M4" is a road west from London. Fuck knows why they changed it to M4 when the 4-dr could be the Fxx M3 and the 2-dr the Fxy M3. People will pay more for something that has a "4" in front instead of a "3". Also, as Audi found with the A5 Sportback, in this segment people will pay more for a 5 door hatchback as opposed to a 4 door saloon. I imagine Ford is kicking itself that it didn't charge more for the premium 5 door Mondeo as opposed to the lowly 4 door saloon. |
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Post by Big Blue on Jan 8, 2018 12:14:22 GMT
It was more the issue that Martin automatically used "M3" despite John using "M4", however I take your point about the idiocy of people when marketed something as better based on a name or number: it's why I have a wardrobe full of Lacoste T shirts as opposed to Fruit of the Loom ones.
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Post by Martin on Jan 8, 2018 12:31:18 GMT
It was more the issue that Martin automatically used "M3" despite John using "M4", however I take your point about the idiocy of people when marketed something as better based on a name or number: it's why I have a wardrobe full of Lacoste T shirts as opposed to Fruit of the Loom ones. Yes, my mistake. Doesn’t matter to me what they’re called, but I know it’s a big deal to some people and a badge alone can be worth something. |
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Post by Alex on Jan 8, 2018 13:52:11 GMT
I think the above figures show that with discount and a subsidised interest rate, the new M4 is now the more attractive option than the lightly used or delivery mileage car but is an M4 worth £20K more than a 440iGC?
In Top Trump terms it is but I'm pretty sure a 440iGC would be all the car you'd need and more for everyday use. And you'd be £20k to the good. This is the sensible approach (can’t believe it came from Bob!), but whilst the 440i will indeed be all you could ever need, the M4 surely goes closer to being all you could ever WANT from a 4 series. I’d like to think BMW did more than just turn up the turbo boost for the M car. There’s no point looking at the money and thinking about whether an M4 can be £20k more car than a 440i because component sharing means that’s practically impossible but subjectively perhaps it is. |
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Post by racingteatray on Jan 9, 2018 11:16:54 GMT
You can also chuck a £2k dealer-fit MPPK kit at a 440i GC which ups power to 360bhp and adds a snarky sports exhaust. That livens things up further I gather. And a set of 20" 405M alloys sharpens the visuals well too.
I'm impressed you got a 440i GC to £57k! Mine was £48k before discount and even allowing for the fact lists prices have gone up about £2k in the interim, that's a lot! Basically Individual everything plus nearly all options.
I note that having recently by chance seen my Carbon Black 440i next to a Tanzanite Blue 4 series, there's no way that I'd fork out £845 to have TB. I'm not sure it's actually nicer.
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Post by Tim on Jan 9, 2018 13:33:15 GMT
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Post by johnc on Jan 9, 2018 13:51:13 GMT
You can also chuck a £2k dealer-fit MPPK kit at a 440i GC which ups power to 360bhp and adds a snarky sports exhaust. That livens things up further I gather. And a set of 20" 405M alloys sharpens the visuals well too. I'm impressed you got a 440i GC to £57k! Mine was £48k before discount and even allowing for the fact lists prices have gone up about £2k in the interim, that's a lot! Basically Individual everything plus nearly all options. I note that having recently by chance seen my Carbon Black 440i next to a Tanzanite Blue 4 series, there's no way that I'd fork out £845 to have TB. I'm not sure it's actually nicer. How did you know I specced Tanzanite Blue? I agree with you that the Carbon Black is a lovely colour but I have always wanted Tanzanite. The car I specced did have most things thrown at it but so did the M4 to make them comparative. I specced the M4 with Tanzanite, full leather (incl the dash) Comfort Access, HUD, HK Stereo, Reversing camera and surround view, extended storage pack, heated steering wheel, adaptive full voodoo LED's, carbon interior trim, speed limit info, Apple Play and a couple of other things. |
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Post by johnc on Jan 9, 2018 13:56:23 GMT
I still prefer the M4 to look at but those colours would get the thumbs down from my wife and the prices are between £4.5K and £9K more than a discounted brand new M4 before you take the manufacturer's discounted finance deal into account. You have to wonder why the purple one had so much spent on it, only 500 miles driven (still in running in period) and then someone wants to sell it! |
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Post by Tim on Jan 9, 2018 14:12:30 GMT
They weren't meant seriously - the prices are a tad steep as well as them being of questionable colour!
I wondered about the purple one too.
Perhaps the buyer chenged their mind after a few days and returned the car for a refund?
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Post by racingteatray on Jan 9, 2018 14:31:41 GMT
You can also chuck a £2k dealer-fit MPPK kit at a 440i GC which ups power to 360bhp and adds a snarky sports exhaust. That livens things up further I gather. And a set of 20" 405M alloys sharpens the visuals well too. I'm impressed you got a 440i GC to £57k! Mine was £48k before discount and even allowing for the fact lists prices have gone up about £2k in the interim, that's a lot! Basically Individual everything plus nearly all options. I note that having recently by chance seen my Carbon Black 440i next to a Tanzanite Blue 4 series, there's no way that I'd fork out £845 to have TB. I'm not sure it's actually nicer. How did you know I specced Tanzanite Blue? I agree with you that the Carbon Black is a lovely colour but I have always wanted Tanzanite. The car I specced did have most things thrown at it but so did the M4 to make them comparative. I specced the M4 with Tanzanite, full leather (incl the dash) Comfort Access, HUD, HK Stereo, Reversing camera and surround view, extended storage pack, heated steering wheel, adaptive full voodoo LED's, carbon interior trim, speed limit info, Apple Play and a couple of other things. Brain implants...
On an M3/4, where Carbon Black isn't an option (oddly), I agree I would go for Tanzanite. On a 4GC, I would save the £845 and go for Carbon Black. They are too similar not to do so, particularly when you consider that the colour makes no difference to the GFV and therefore you feel the full effect of the £845 on your monthlies.
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Post by racingteatray on Jan 9, 2018 14:37:48 GMT
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Post by racingteatray on Jan 9, 2018 14:40:31 GMT
How to make a 440i GC look mean and moody with the MPPK:
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Post by racingteatray on Jan 9, 2018 14:51:37 GMT
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Post by racingteatray on Jan 9, 2018 14:52:58 GMT
One thing I notice that would annoy me is that an M4 coupe has the same cheapo felted boot lining you get in a 114i. At least my GC has proper carpeting.
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Post by racingteatray on Jan 9, 2018 15:01:20 GMT
Another M4 coupe that ticks most of your boxes (pre-reg/comp pack/sunroof/voodoo lights/full leather/HUD/HK etc) - up for £52,850:
usedcars.bmw.co.uk/vehicle/201712081911529?quoteref=3ee5e94e-73d0-40a9-bb3a-337b2d33b706
Colour perhaps an acquired taste but I quite like it on an M car.
Plus I note that they are offering 3.9% APR on it despite being pre-reg.
With your £15,837 deposit, that's coming out at somewhere in the region of £300/month depending on your mileage. |
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Post by johnc on Jan 9, 2018 15:41:47 GMT
I have been watching that one because it has the right spec. However I phoned yesterday and got a very blunt no to any concession on their 9.9%apr. I would be at least £6K better off buying a new one which would be a 2018 car and not a June 2017! |
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Post by johnc on Jan 9, 2018 15:44:50 GMT
One thing I notice that would annoy me is that an M4 coupe has the same cheapo felted boot lining you get in a 114i. At least my GC has proper carpeting. I know, it irritates me too - I just cover it in golf clubs! |
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Post by johnc on Jan 9, 2018 15:47:10 GMT
Another that ticks most of your boxes (pre-reg/comp pack/sunroof/voodoo lights/full leather/HUD/HK etc) - up for £52,850:
usedcars.bmw.co.uk/vehicle/201712081911529?quoteref=3ee5e94e-73d0-40a9-bb3a-337b2d33b706
Colour perhaps an acquired taste but I quite like it on an M car.
Plus I note that they are offering 3.9% APR on it despite being pre-reg.
With your £15,837 deposit, that's coming out at somewhere in the region of £300/month depending on your mileage. That's a heated steering wheel away from all I want (apart from the black wheels). A definite possibility. EDIT: and no Comfort Access! That's something I have become very used to and it really irritates me when I take my wife's car and with arms full of shopping I have to go looking for the key - very first world problem I know but you want what you want.
BMW had a discounted finance deal on ex demos last quarter but I have looked at that car before and it was up at 10.9%apr so that is a big step down and makes it affordable (in a man maths kind of way)
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Post by racingteatray on Jan 9, 2018 15:50:24 GMT
With the saving I am sure you could treat yourself to some very nice cashmere-lined kidskin driving gloves.
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