BMW demand full payment of modified M4 on finance

Diagro · 5 Jun 2019 at 11:44

Problem is. He will do a gofundme. And people will donate. Because stupid

Chris1712 · 5 Jun 2019 at 11:50

He has gone a bit mad, huge mod list. Makes me wonder how he can afford those mods but not a loan / cash purchase.

Bit worrying though, might be the start of a general crackdown on mods. I think a LOT of people on PCP still get Remaps / Tuning boxes but just don't mention it / remove them at handback.

Gaygle · 5 Jun 2019 at 11:56

Howard said:
"I just think it's a little bit crazy man, like you can't even modify your own car"

Except it's not your car, is it? You absolute helmet.

What a chump. :rolleyes:

As much as I love BMWs I can't bring myself to watch his videos.

Akagi · 5 Jun 2019 at 12:03

Gaygle said:
What a chump.

As much as I love BMWs I can't bring myself to watch his videos.

Me neither. He annoys me as a person. He also seems really clueless about cars in general for someone who claims to be an enthusiast. The amount of stupid questions he asks on his car review videos...

Vita · 5 Jun 2019 at 12:07

Acme said:
Me neither. He annoys me as a person. He also seems really clueless about cars in general for someone who claims to be an enthusiast. The amount of stupid questions he asks on his car review videos...

Not everyone is clued up about cars especially the audience he targets. That's why he has to be stupid with the questions so the general audience can understand.

Tbh there's so many tubers I can name who are clueless.

I have a feeling the car will be 'raffled' off.

glenimp617 · 5 Jun 2019 at 12:17

I read an article recently which stated that the majority of new car sales are now on PCP.....yet, I bet of those, the vast majority think it's their own car.

vanpeebles · 5 Jun 2019 at 12:22

Acme said:
Me neither. He annoys me as a person. He also seems really clueless about cars in general for someone who claims to be an enthusiast. The amount of stupid questions he asks on his car review videos...

That's a perfect description of most of those youtube style videos, not just the car ones.

Akagi · 5 Jun 2019 at 12:24

TheOracle said:
I read an article recently which stated that the majority of new car sales are now on PCP.....yet, I bet of those, the vast majority think it's their own car.

Yep, 100% agree...

Glanza · 5 Jun 2019 at 13:20

Makes sense you don't own the car outright, modifications are going to breach whatever contract you have.

Semple · 5 Jun 2019 at 14:05

grudas said:
It'll never get approved used status either and bmw cant' put a value on it.

If BMW can't put a value on it, then it'll be an expensive settlement bill for him. Essentially it's you break it, you buy it.

Diagro said:
Problem is. He will do a gofundme. And people will donate. Because stupid

Unfortunately there are lots of stupid people on this planet. All he needs is 12k followers to donate a fiver each and he'll be covered.

Dogbreath · 5 Jun 2019 at 14:08

Gaygle said:
What a chump.

As much as I love BMWs I can't bring myself to watch his videos.

I watched one of his videos to confirm my suspicions, and he is a much of a cretin as I thought he would be.

Nasher · 5 Jun 2019 at 14:30

People need to learn they don't own a car on finance. It's like modding a rental car...

jpaul · 5 Jun 2019 at 14:49

We assume his car insurance was correctly covering all of these modifications ... otherwise, with the publicity, presumably, they would have voided it, by now.

Jacksonn · 5 Jun 2019 at 16:52

Guys a idiot. I have watched a few of his videos and frankly has zero driving talent.

As others have said.. good on BMW. It is NOT your car.

weathmatth · 5 Jun 2019 at 17:17

Dogbreath said:
I watched one of his videos to confirm my suspicions, and he is a much of a cretin as I thought he would be.

The guy probably didn't make the best choice by modifying a financed car, but to call him a cretin after watching one video is a bit harsh. I personally think that the videos he puts out in terms of quality and content is extremely good.

DazQ87 · 5 Jun 2019 at 17:27

OK so obviously you don't own the car on PCP until the balloon payment is made, but what would the view in law be if you were to buy say a £20K car with £10K of your own cash and £10K worth of personal bank loan?
Presumably you would be the owner of the vehicle because the car dealer would have been paid off in full and the bank loan wouldn't have to be secured against the car?

Akagi · 5 Jun 2019 at 17:27

I still think he is a cretin. And I've watched several of his videos because I wanted to see the car.

Akagi · 5 Jun 2019 at 17:27

DazQ87 said:
OK so obviously you don't own the car on PCP until the balloon payment is made, but what would the view in law be if you were to buy say a £20K car with £10K of your own cash and £10K worth of personal bank loan?
Presumably you would be the owner of the vehicle because the car dealer would have been paid off in full and the bank loan wouldn't have to be secured against the car?

Of course.

IAmATeaf · 5 Jun 2019 at 18:14

When I first saw his woe is me he made it sound like he had purchased on finance therefore the car was his? But then mentioned BMW Finance!

DereksDontRun · 5 Jun 2019 at 18:36

DazQ87 said:
OK so obviously you don't own the car on PCP until the balloon payment is made, but what would the view in law be if you were to buy say a £20K car with £10K of your own cash and £10K worth of personal bank loan?
Presumably you would be the owner of the vehicle because the car dealer would have been paid off in full and the bank loan wouldn't have to be secured against the car?

yup, HP or bank loan it's your's from day 1 and thus can go wild with mods (subject to insurance). Your contract is with the bank and the dealer/manufacturer has had their cash in entirety. PCP is different, as the "loan"/contract is effectively only paying off the depreciation of the car over the term, and to actually buy the car at the end requires the balloon payment (which usually is similar to the used car price for that age/mileage - so you're effectively buying a used car, just with a known history).

I know some people argue they "always intended" to buy the car at the end of the term, so why can't they mod?!? But, until the finance agreement has been settled you're effectively renting it. With PCP the person's name is often on the V5, which i think confuses them into thinking they own the car - but if the car is say £40k and there's only £20k in payments through the pcp scheme then how the flip* do they believe they own the car outright is beyond me.