UK question

Firthy247 · 11-05-2011, 02:59 AM

Hi all UKer\'s. Just wondering if any of you have financed your 1M. I have a number of options open to me including buying the car outright. I\'m not sure which is my best option.

So what deals has everyone done, has anyone took the balloon payment, if they have can they let me know the details?

Kind regards

Neil.

Shost · 11-05-2011, 08:49 AM

Many on here who financed went with Clydesdale/Yorkshire Bank who gave APR 6.4% rather than BMWFS. Clydesdale give a lower balloon (15.5k@3yrs or 12.7k@4yrs) but it's not guaranteed MFV like BMW.

Personally see car as more as a consumable not investment. So a monthly payment makes sense. Even though I could have bought outright I'd rather use my savings for something longterm that's less likely to depreciate.

But I'm sure others see it and play it differently. Guess it comes down to how much you'll notice circa £45k not being in your account.

Aussie_in_London · 11-06-2011, 10:02 AM

I think I may give these guys a call tomorrow and get a quote

11-05-2011, 02:59 AM	#1
Firthy247 Private 7 Rep 89 Posts Drives: BMW 1M & 996 x50 turbo Join Date: Jul 2011 Location: Uk iTrader: (0)	UK question Hi all UKer\'s. Just wondering if any of you have financed your 1M. I have a number of options open to me including buying the car outright. I\'m not sure which is my best option. So what deals has everyone done, has anyone took the balloon payment, if they have can they let me know the details? Kind regards Neil.
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11-05-2011, 08:49 AM	#2
Shost First Lieutenant 25 Rep 302 Posts Drives: 1M Coupe BSM Join Date: Aug 2010 Location: Essex iTrader: (0)	Many on here who financed went with Clydesdale/Yorkshire Bank who gave APR 6.4% rather than BMWFS. Clydesdale give a lower balloon (15.5k@3yrs or 12.7k@4yrs) but it's not guaranteed MFV like BMW. Personally see car as more as a consumable not investment. So a monthly payment makes sense. Even though I could have bought outright I'd rather use my savings for something longterm that's less likely to depreciate. But I'm sure others see it and play it differently. Guess it comes down to how much you'll notice circa £45k not being in your account.
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11-06-2011, 10:02 AM	#3
Aussie_in_London Lieutenant Colonel 142 Rep 1,700 Posts Drives: 1M, i3 & track built Astra OPC Join Date: Apr 2011 Location: Kent iTrader: (0)	I think I may give these guys a call tomorrow and get a quote
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