[E60525d]

I'm looking to buy a new F30 330d M Sport and I'm looking for some advice in financing the vehicle. In the past I have bought a couple of new cars but they have been outright, not on finance.

But reading on the forums, it seems like you may get a better deal by taking out a finance package.

As Im new to this, roughly how much deposit is required on a 330d and what are the approx monthly payments?

[nordberg]

Unless you see the need to own the car outright from the off, PCP or PCH often work best for some people.

At the moment, on a 330d, PCP actually works out cheaper than PCH which unusual and makes PCP the obvious choice IMHO....

Not precisely sure of the figures at the moment, but before Xmas you could have a 330d MSport and Pro Nav for £420 p/mth and a £1300 deposit over 3 yrs...

Best PM TRL with your requirements as he's our preferred tame dealer on here!

[Pablo68]

Originally Posted by E60525d

As Im new to this, roughly how much deposit is required on a 330d and what are the approx monthly payments?

TRL will be able to give you better info but from my own experience your deposit can be anything from £0 to the 30% (I think) of the list price of the car. THe monthly payments will depend on the actual price (list price after discounts), the APR, the term, the annual mileage allowance and the deposit.

[Apl440i or 335d?]

I really hope TRL gets some sales from all this....!

[E60525d]

Thanks, I'll ask TRL for a quote.

[NISFAN]

Originally Posted by E60525d

I'm looking to buy a new F30 330d M Sport and I'm looking for some advice in financing the vehicle. In the past I have bought a couple of new cars but they have been outright, not on finance.

But reading on the forums, it seems like you may get a better deal by taking out a finance package.

As Im new to this, roughly how much deposit is required on a 330d and what are the approx monthly payments?

You can put as little down as you want....almost. You can buy a car with £1000 and some salary slips

BMW have a finance calculator on the website, just spec up a car you like and then have a play with term, mileage, and deposit. You do have to 'add' a bigger deposit to get a realistic 'discount' amount. The web site just shows the basic dealer contribution.

Regarding better deals....not necessarily, you should be able to negotiate similar deals as a cash purchaser. But if there are finance 'sweeteners' there is nothing to stop you buying on credit and paying it all off straight after delivery of the car.

[LS1990]

Originally Posted by NISFAN

You can put as little down as you want....almost. You can buy a car with £1000 and some salary slips

BMW have a finance calculator on the website, just spec up a car you like and then have a play with term, mileage, and deposit. You do have to 'add' a bigger deposit to get a realistic 'discount' amount. The web site just shows the basic dealer contribution.

Regarding better deals....not necessarily, you should be able to negotiate similar deals as a cash purchaser. But if there are finance 'sweeteners' there is nothing to stop you buying on credit and paying it all off straight after delivery of the car.

Except if the loan agreement includes an early repayment penalty, which can be up to 10% (at least what I have seen in some loan terms).

Just coming back to the better deals, a car salesman will receive more points towards his quarterly/monthly/yearly target for putting through more deals on finance than taking cash. The business generally makes more money from the finance deals because of the various fees and interest rates that go with the package. Thus you could deduce that the car salesman is more likely to offer a discount, or, is more likely to offer a bigger discount for buyers taking out a finance agreement.

TRL can confirm/debunk these claims but that's generally the way.

[NISFAN]

Originally Posted by LS1990

Except if the loan agreement includes an early repayment penalty, which can be up to 10% (at least what I have seen in some loan terms).

Of course....I should have been more clear. I was refering to BMW PCP finance, which does not have any early settlement penalties other than a £10 charge (which is there whether you repay early or pay the lump sum in the end anyway).

[Apl440i or 335d?]

Originally Posted by NISFAN

You can put as little down as you want....almost. You can buy a car with £1000 and some salary slips

BMW have a finance calculator on the website, just spec up a car you like and then have a play with term, mileage, and deposit. You do have to 'add' a bigger deposit to get a realistic 'discount' amount. The web site just shows the basic dealer contribution.

Regarding better deals....not necessarily, you should be able to negotiate similar deals as a cash purchaser. But if there are finance 'sweeteners' there is nothing to stop you buying on credit and paying it all off straight after delivery of the car.

You can put in 0 deposit if you want.....