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Refused car finance....not sure why!
Comments
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Thanks Daniel,
I looked up the M5 current finance deal. To be more realistic, I used 12,000 miles instead of 8,000. BMW are offering 0% finance at the moment that *looks* attractive.
Retail Finance.
On the road cost £73,375
Customer deposit - £6,000
24 monthly payments of £1,102.29
Cost for owning 2 years : £32,454.
Outright purchase.
Autoebid.com £68,885
Parkers part-exchange value of a 2011-61 plate M5 : £41,060
Cost for owning 2 years : £27,825
Eonel, if you'd have looked a few weeks go the monthly cost would have been £480-550! If you go over to the Pistonheads BMW forum you'll see a huuuuge thread on this offer. Many users took them up on the offer because it was a steal.
It's in the region of £18-20k for 2 years of ownership
These kinds of deals are indeed not the norm, you have to look out for them!0
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