Soldato
Indeed, I also used the BMW screenwash. Once diluted its not a millions miles off the price of the ready mixed crap anyway and 5 litres lasts a good while.
Last edited:
I paid £17 for 5 litres of the stuff
Finance - Nope, it's dearer and you're locked in for longer and I don't intend to get locked into the joys of finance. Even if you just hand it back you'll be paying more than the lease.
Hassle of selling.... Then when unable to find a buyer having to grovel to webuyanycar....
Don't see what the big deal is. If Ad wanted to actually own the car or keep it for longer than 3 years then of course a a PCP or Cash would be a better option.
He's chosen a car that he wants to run for no more than 2 years. What's the issue?
Did you buy it directly from BMW for that price, or online? What sort of mix ratio are you using?
I just bought some more the other day. Its £17.50 for 5L direct from BMW parts.
Dilution Ratios are:
Neat -63oC
(SW:Water)
2:1 -37oC
1:1 -23oC
1:2 -12oC
Ive got the same stuff in my RR & BMW, you can take it to around 1:10 and it still cleans very well. Making it pretty cheap stuff.
If you repaid a £24k loan over 2 years at ~£1k PCM you'd then own the car after 2 years so I fail to see how this is any comparison to lease hire? Unless I've totally misread your post?
A longer term loan with lower monthly payments which you then cleared in full upon sale of the car would be the comparison I'd look to make.
This simply isn't true - there are some phenomenal interest rates available at the moment. If you wanted a lease type deal then a pcp would give you at worst comparable payments but you'd get something back at the end of the term.
You aren't locked in at all so long as the amount owing is less than the value of a car - try cancelling your lease and check what the amount due would be.
PCP wouldn't be my method of purchase but I'd be willing to be it still works out noticably less over the term (with less risk to yourself)
Don't see what the big deal is. If Ad wanted to actually own the car or keep it for longer than 3 years then of course a a PCP or Cash would be a better option.
He's chosen a car that he wants to run for no more than 2 years. What's the issue?
SDK^ said:Exactly - not everyone wants to :
1) Own a car.
and
2) Have £20k+ locked into an (depreciating) asset .
It's the cheapest and easiest way to own one of these! More further down.
I know
Naturally an AUC would have tax, but would it really always be 12months?
It's the best way to fund it by a country light year, surely you see that
320hp
And yes, I'm with you. More below in answer to Fox.
I will drive it just as much as if it was my own, maybe more so
How else would you fund one of these for 2yrs?
Cash - I don't have £26k+ and it would a complete waste of capital even if I did!
Finance - Nope, it's dearer and you're locked in for longer and I don't intend to get locked into the joys of finance. Even if you just hand it back you'll be paying more than the lease.
Loan - So take my £1.7k deposit and grab a £24k loan (if I'd even get approved for it), which would cost over £1k in monthly payments. That's an incredible amount amount of disposable income to lose, there will be about £2k interest to pay on the loan, whereas with the lease I have, I'm still going to be investing/saving £800pcm over the next 2yrs, a far better way to utilise and increase the value of that ~£20k capital.
And with the above loan or 'owning' a car, no one can absolutely predict what the car will be worth in 2 years time, how in demand they'll be, especially with all these 2yr old lease cars flooding the market once handed back. Then there's the hassle of selling it.
With all the above taken into account, the mentality of 'OMG you should own the car and not rent it' really doesn't work out as a sensible financial option at all vs. leasing. You have worked out the figures well, but there's more to life than just headline figures and savings at the end of the 2yrs, plus with my leasing option I will probably save money vs any owning option (investing the money instead), have an extra £800pcm available should I really need it and have no risk at all when compared to having to sell it on in a few years time.
It's a no brainer really for me and still cheap in my eyes.
You really need to go and see it but it looks nice enough.
The convertibles are still popular, £6.5k would be fair imo but the seller may prefer to hold out for spring time