F30POST
F30POST
2012-2015 BMW 3-Series and 4-Series Forum
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW 3-Series and 4-Series Forum (F30 / F32) | F30POST > 2012-2019 BMW 3 and 4-Series Forums > Regional Forums > UK > BMW Select vs Lease
Post Reply
 
Thread Tools Search this Thread
      03-12-2013, 05:18 AM   #1
gavmobile
New Member
 
Drives: V70 D5
Join Date: Jan 2013
Location: London

Posts: 28
iTrader: (0)

BMW Select vs Lease

I've decided to finance my f31, make sense in my circumstances and I was pretty happy with the Select deal I've been offered

However I've now noticed some incredible lease deals. For instance 330d xdrive MSport touring with Pro Nav 420 per month inc vat on a 6 + 36 basis over 10k mile pa. That equates to a 2500 deposit. 24 month deals can be had for even less but I'll stick with 36 for comparisons

My select monthly payment is way way higher with a 10% deposit but still very affordable. Allowing for a 10% discount off list price according to the BMW calculator I'd need to chip in a 7500 deposit to make the same 420 monthly payment, so like for like it looks like it'll cost me 5000 less to lease over 3 years

Obviously I don't get to purchase the car at the end of the contract but to recoup the 5k saving the car would have to be worth 5k more than the gmfv right? So 24k for a 3 year old 330dx? Maybe, but I guess that's what this comes down to right, a gamble on future value?

Anything else I'm missing? Leasing seems to be the better option for me here I think
gavmobile is offline  
0
Reply With Quote
      03-12-2013, 05:24 AM   #2
up_north
New Member
 
Drives: BMW 330D
Join Date: Aug 2011
Location: Leyland, UK

Posts: 18
iTrader: (0)

I also went down the lease route for similar reasons to you. 330d M Sport with Professional Nav. Not sure if I'm allowed to mention the leasing company but very good so far. Car should be here end of April.

The one thing you have to be careful about though, is extras. I've found that over the course of the lease I'm paying full price for just about every extra - so the residual value of extras isn't taken into account. By the time I added on the Visibility pack, adaptive suspension, heated seats, privacy, electric lumbar I was paying almost 100 per month more (over 24 month period).

Ian
up_north is offline  
0
Reply With Quote
      03-12-2013, 06:18 AM   #3
gavmobile
New Member
 
Drives: V70 D5
Join Date: Jan 2013
Location: London

Posts: 28
iTrader: (0)

Yes I noticed that costs do ratchet up a bit with some options but for adding Pro Nav it only costs me an additional 1000 over the term rather than the full 2000.

When did you put in your order? My biggest fear is that I'll be made to wait a few months for delivery at which point they'll give me some BS and I'll discover that the deal really was too good to be true
gavmobile is offline  
0
Reply With Quote
      03-12-2013, 06:37 AM   #4
up_north
New Member
 
Drives: BMW 330D
Join Date: Aug 2011
Location: Leyland, UK

Posts: 18
iTrader: (0)

When I spoke to the leasing company about extras the main exception does tend to be sat nav which does have some residual value. That's why I think many companies specifically list models with Business Media or Professional Media rather than list it as an extra. Was also told some manufacturers include residual on metallic paint, sunroof etc but generally you'll pay full price.

Order was placed a fortnight ago. No reason to assume there will be a problem - the agreement was based on the quote so shouldn't change.

Ian
up_north is offline  
0
Reply With Quote
      03-12-2013, 07:30 AM   #5
derekh929
Captain
 
Drives: F31 330d M Sport on Order
Join Date: Apr 2012
Location: Scotland

Posts: 791
iTrader: (0)

What sort of lead times with lease on 330d m sport im 12 weeks approx from order date ,but may be brought forward
derekh929 is offline   Scotland
0
Reply With Quote
      03-12-2013, 07:57 AM   #6
gavmobile
New Member
 
Drives: V70 D5
Join Date: Jan 2013
Location: London

Posts: 28
iTrader: (0)

I'm being quoted 'May' for a 330d xdrive. I'll assume worst case and May 31st is 12 weeks away
gavmobile is offline  
0
Reply With Quote
      03-12-2013, 08:16 AM   #7
gavmobile
New Member
 
Drives: V70 D5
Join Date: Jan 2013
Location: London

Posts: 28
iTrader: (0)

Hmm road tax is included too so that's another 350 saving over 3 years. Still feel that I'm missing a sting in the tail

Are lease co's more likely to penalise for damage at the end of the contract?
gavmobile is offline  
0
Reply With Quote
      03-12-2013, 08:19 AM   #8
dopper99
Colonel
 
dopper99's Avatar
 
Drives: F30 335d M Sport
Join Date: Jun 2011
Location: UK

Posts: 2,916
iTrader: (1)

Yes I've been keeping an eye on lease deals and you can get a 330d M Sport F30 with bus nav for around 360 for 24 months. But as you say, the options wack the price up.

It seems to me the way to go if you dont want to be shelling out 1000's on dealer prices with this cheap lease prices on 330d's.

The only disadvantage I can see is that at the end of the lease you need a source your next car. Now if you like the F30 that much and want another one on lease, you need to hope there are good deals out there.

Also, you need to keep the car in good condition else the lease company could sting you at the end for damage etc.. so look after them alloys!
dopper99 is offline   England
0
Reply With Quote
      03-12-2013, 08:35 AM   #9
davyk31
Brigadier General
 
Drives: Audi SQ5 & Golf GTD
Join Date: Sep 2009
Location: Northern Ireland

Posts: 4,117
iTrader: (0)

Looking after your lease car and keeping mileage within limits is crucial to avoid extra charges. Other than that there are no mysteries that I can see, you pay monthly and hand back.

The point about what happens with your next car is one that I have thought of in the past. So you get say an M3 now on a cracking deal because they are run-out models and heavily subsidised, then 2 or 3 years later you want another M3, the new model is out and deals are much less attractive. At that point you need to either pay a load more to get back to the same type of car or go for something else that may be on offer or downgrade but pay the similar amount for this. Guess you just take your chances and see but given the very fixed term of agreements there could be problems if great offers aren't available just exactly when you need them.
davyk31 is offline  
0
Reply With Quote
      03-12-2013, 08:58 AM   #10
dopper99
Colonel
 
dopper99's Avatar
 
Drives: F30 335d M Sport
Join Date: Jun 2011
Location: UK

Posts: 2,916
iTrader: (1)

I believe there can be an opportunity to buy your lease car from the lease company at the end of its term but I believe they stitch you up well for the privilege. Which seems strange as they'll get bottom dollar for it at an auction.
dopper99 is offline   England
0
Reply With Quote
      03-12-2013, 09:06 AM   #11
dopper99
Colonel
 
dopper99's Avatar
 
Drives: F30 335d M Sport
Join Date: Jun 2011
Location: UK

Posts: 2,916
iTrader: (1)

Wow, just looking on the 'net..... heres the cheapest F30 330d M Sport lease I've seen:

http://www.freedomcontracts.com/bmw-3-series-4dr-lease/

Click on the Personal Deals tab: 355 a month inc VAT
Hardly any more than a 320d, but only ok if you are just happy with business media.
dopper99 is offline   England
0
Reply With Quote
      03-12-2013, 09:06 AM   #12
up_north
New Member
 
Drives: BMW 330D
Join Date: Aug 2011
Location: Leyland, UK

Posts: 18
iTrader: (0)

davyk31 is right with regards to mileage. The excess on my deal is 18p per mile which is probably about double what a PCP deal would be.

I've leased in the past and had a couple of scuffed alloys and usual stone chips on bonnet - was just put down to fair wear and tear.

Just checked the expected delivery date on mine - "at dealers April 23 with expected delivery to me 3 days after".

Other downside of leasing is that I need to sell my current car privately. Although fairly sure I can get more than dealers were offering P/X when I was considering buying.

I've also just done an insurance quote as wasn't sure if leasing would affect that but it made no difference - and only 40pa more than I'm paying for my 2009 E90.

What's interesting is that with the company I'm using the 330d M Sport Professional Nav is only 7 per month more than the 320d (based on 24 months at 12.5k miles per year). And you would need to add on the cost of metallic paint to the 320.

Ian
up_north is offline  
0
Reply With Quote
      03-12-2013, 10:53 AM   #13
Steve_M_Sport
Second Lieutenant
 
Steve_M_Sport's Avatar
 
Drives: F31 330D M Sport Touring
Join Date: Feb 2013
Location: Leicestershire

Posts: 231
iTrader: (0)

Quote:
Originally Posted by up_north View Post
davyk31 is right with regards to mileage. The excess on my deal is 18p per mile which is probably about double what a PCP deal would be.

I've leased in the past and had a couple of scuffed alloys and usual stone chips on bonnet - was just put down to fair wear and tear.

Just checked the expected delivery date on mine - "at dealers April 23 with expected delivery to me 3 days after".

Other downside of leasing is that I need to sell my current car privately. Although fairly sure I can get more than dealers were offering P/X when I was considering buying.

I've also just done an insurance quote as wasn't sure if leasing would affect that but it made no difference - and only 40pa more than I'm paying for my 2009 E90.

What's interesting is that with the company I'm using the 330d M Sport Professional Nav is only 7 per month more than the 320d (based on 24 months at 12.5k miles per year). And you would need to add on the cost of metallic paint to the 320.

Ian
and Sport auto is included in price of 330D but is a 1560 option on a 320D
Steve_M_Sport is online now   United Kingdom
0
Reply With Quote
      03-12-2013, 11:10 AM   #14
up_north
New Member
 
Drives: BMW 330D
Join Date: Aug 2011
Location: Leyland, UK

Posts: 18
iTrader: (0)

Steve

I had already included the auto on the 320d. But adding the metallic and the additional for the sports auto (135) - the monthly payment is now 25 more than the 330d. There must be some serious bulk buying of 330d models out there!

Incidentally, if anyone has the January 2013 price list - metallic paint is showing as a 610 OPTION even on the 330D models. Fairly sure this is wrong - in face it doesn't list ANY paint as standard on the 300D!

Ian
up_north is offline  
0
Reply With Quote
      03-12-2013, 03:19 PM   #15
dopper99
Colonel
 
dopper99's Avatar
 
Drives: F30 335d M Sport
Join Date: Jun 2011
Location: UK

Posts: 2,916
iTrader: (1)

Just been on the BMW configurer and for a 330d the paint is still showing as 0.00. Only the BMW individual paint is 810 extra.
dopper99 is offline   England
0
Reply With Quote
      03-12-2013, 03:24 PM   #16
derekh929
Captain
 
Drives: F31 330d M Sport on Order
Join Date: Apr 2012
Location: Scotland

Posts: 791
iTrader: (0)

Quote:
Originally Posted by up_north View Post
Steve

I had already included the auto on the 320d. But adding the metallic and the additional for the sports auto (135) - the monthly payment is now 25 more than the 330d. There must be some serious bulk buying of 330d models out there!

Incidentally, if anyone has the January 2013 price list - metallic paint is showing as a 610 OPTION even on the 330D models. Fairly sure this is wrong - in face it doesn't list ANY paint as standard on the 300D!

Ian
I just ordered 330d few weeks back and metallic included
derekh929 is offline   Scotland
0
Reply With Quote
      03-12-2013, 03:46 PM   #17
RichardM
Major
 
Drives: F31 330D M Sport
Join Date: Aug 2007
Location: Herts UK

Posts: 1,456
iTrader: (1)

I've leased many cars in the past without any problems. Seeing these deals I wish I had waited rather than ordering the F31 as soon as it was available.

Looking at that link above I could be driving a brand new facelifted Mercedes E63 AMG Estate for less than I'm paying now, and it comes with all the extras as standard.
RichardM is offline   England
0
Reply With Quote
      03-12-2013, 05:05 PM   #18
up_north
New Member
 
Drives: BMW 330D
Join Date: Aug 2011
Location: Leyland, UK

Posts: 18
iTrader: (0)

Yes - the configurator does show metallic correctly; it's the printed price list that's wrong.

Richard M - yep some crazy deals on both the E63 and C63 at the moment and if I could afford to run one I'd be very tempted.
up_north is offline  
0
Reply With Quote
      03-12-2013, 05:37 PM   #19
RichardM
Major
 
Drives: F31 330D M Sport
Join Date: Aug 2007
Location: Herts UK

Posts: 1,456
iTrader: (1)

Quote:
Originally Posted by up_north View Post
Yes - the configurator does show metallic correctly; it's the printed price list that's wrong.

Richard M - yep some crazy deals on both the E63 and C63 at the moment and if I could afford to run one I'd be very tempted.
The C63 deals I knew about but it's the first time I've seen E63's, which is a much more expensive car for a similar amount.

I did test drive a C63 before ordering the 330D but I wasn't that impressed. Yes it's fast and sounds great but it feels like an old car now and is pretty poor quality inside. The E63 I would have got without hesitation! Sod the fuel and tyre costs
RichardM is offline   England
0
Reply With Quote
      03-20-2013, 04:44 PM   #20
Mark1981
Registered
 
Drives: BMW M SPORT 320I
Join Date: Mar 2013
Location: Norwich

Posts: 2
iTrader: (0)

BMW Select

I have just picked up a new 320i Msport on 19s for 1500 deposit with payments at 350 a month! This seems like a good deal?
Mark1981 is offline  
0
Reply With Quote
      03-20-2013, 05:09 PM   #21
ZigmundUK
Captain
 
Drives: F31 330d M Sport
Join Date: Mar 2013
Location: NCL - UK

Posts: 626
iTrader: (0)

Not sure - it would depend on the duration, and the final payment too right?

I went for a lease on an F31 330d M Sport. 431 inc VAT a month on a 3+23 - That's with business media, adaptive suspension, front seat heating and dimming side mirrors...

Proof is in the pudding - waiting patiently...
__________________
Gone: E87 120d SE Auto (M47TU2D20) Sparkling Graphite
Running: E61 520d SE Auto (N47D20) Titanium Silver
Sprinting: F31 330d M Sport (N57D30A) Estoril Blue
ZigmundUK is offline   United Kingdom
0
Reply With Quote
      03-20-2013, 06:04 PM   #22
NISFAN
Brigadier General
 
NISFAN's Avatar
 
Drives: The best kind of F30 :)
Join Date: Aug 2012
Location: Bedford UK

Posts: 3,167
iTrader: (0)

Don't start me looking please guys....I noticed an M5 for 618 per month......hubba hubba hubba...woof woof woof
__________________
NISFAN is offline   England
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 04:52 AM.




f30post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST