Record sales for BMW are driven by British icons

[The _Don]

Record sales for BMW are driven by British icons - Business News - Business - The Independent

 

[st4]

BMWs are great cars and with low CO2 make good company cars and with high residuals make hire car pilot finance very affordable.

 

[gIzzE]

I don't get why you're so against financing a car, contract hire will show you the true cost of buying a new car, you are just paying the true depreciation.

That is why a £30k Vauxhall is more than a £40k BMW or Merc, although cheaper they loose more money.

 

[Deleted member 37751]

I think that their biggest success is how BMW have become a mainstream car maker yet been able to mostly hold on to their 'prestige' tag.

 

[tacfoley]

It might be a different story if rather more than 10% of BMW drivers actually had to pay for the new car they are sitting in so smugly.

I've never been out of work in my life, having been a soldier for 33 years of it, and retired to become self-employed in UK, Canada and Japan since 2001, so I've never once had the privilege of driving a car that somebody else paid for.

A company in our local town buys forty new BMWs a year for its 'executives' - all of whom could easily afford to buy them anyhow.

I'm betting that an equal proportion of Mercedes-Benz in this country are also company cars, too.

Anybody can be driving a 'prestigious' car if somebody else is paying the bills.

Just sayin'.

tac
EPT470X

 

[davidjpowell]

It might be a different story if rather more than 10% of BMW drivers actually had to pay for the new car they are sitting in so smugly.

I've never been out of work in my life, having been a soldier for 33 years of it, and retired to become self-employed in UK, Canada and Japan since 2001, so I've never once had the privilege of driving a car that somebody else paid for.

A company in our local town buys forty new BMWs a year for its 'executives' - all of whom could easily afford to buy them anyhow.

I'm betting that an equal proportion of Mercedes-Benz in this country are also company cars, too.

Anybody can be driving a 'prestigious' car if somebody else is paying the bills.

Just sayin'.

tac
EPT470X

Not sure get the relevance to the thread on this.

 

[crockers]

A Compny car is usually part of a "package". So if they aren't Provided a substantial pay increase is required causing the employer to pay more NI. So I think providing a car is tax efficient and also creates employment in the motor industry. I had a new car every 2-3 years supplied by the company. Now, as I am retired, I'll keep my car 5+ years so paid for it rather than lease.
I may have chosen the wrong route but prefer to "own" the car than "rent" it.

 

[mika]

i think people are paying for company cars these days the tax is quite limiting

ive done both routes co car and owned there are pros and cons to both

 

[gIzzE]

It might be a different story if rather more than 10% of BMW drivers actually had to pay for the new car they are sitting in so smugly.

I've never been out of work in my life, having been a soldier for 33 years of it, and retired to become self-employed in UK, Canada and Japan since 2001, so I've never once had the privilege of driving a car that somebody else paid for.

A company in our local town buys forty new BMWs a year for its 'executives' - all of whom could easily afford to buy them anyhow.

I'm betting that an equal proportion of Mercedes-Benz in this country are also company cars, too.

Anybody can be driving a 'prestigious' car if somebody else is paying the bills.

Just sayin'.

tac
EPT470X

You could argue that you are driving round in a car paid for by all of us on here, what with being a soldier.

Don't get me wrong, I don't mind my taxes paying soldiers wages in the slightest, nor teachers or doctors or police, but let's not get on our high horse about who deserves what and who is paying the bills.

 

[gIzzE]

Most people get paid a car allowance these instead of a company car.

Many will buy something cheap and just use the rest as additional wage, many however, like those on here, probably have a bit of a passion for cars, so buy something a little nicer.

I get £400 a month net car allowance, therefore I buy a nice, nearly new car using that £400 a month.
If I was given a lump sum of £20,000 every 4 years instead I would buy a slightly older £20k car outright, but I am not, so I don't.

Also, if I had 1 million sitting in my bank would I buy a new E Class estate with cash?
No.
Why?
Because I can contract hire it for less money, therefore I would be a ****in' moron to buy it.
Next quarter that may change, it amy be cheaper to buy it again, if that is a case than buying it would be the sensible option.


Paying more for a car so you can say you have bought it cash doesn't make you look anything other than financially stupid imho.

 

[wemorgan]

point of order: this is a good news thread

Increased sales of UK cars, Mini, equals safe-guarded jobs or even more jobs. Workers at Lotus might need somewhere to move on to in the near future.

 

[st4]

I don't get why you're so against financing a car, contract hire will show you the true cost of buying a new car, you are just paying the true depreciation.

That is why a £30k Vauxhall is more than a £40k BMW or Merc, although cheaper they loose more money.

Flexibility mate, flexibility and complete control

 

[gIzzE]

Flexibility mate, flexibility and complete control

I find I am far more in control if I am paying £xxx each month and my money is not sitting tied up in a car.
If I were to loose my job my car would go back and my lump sum would be there. I would hate to be in a position where £30,000 of money I needed was sat in a piece of metal on the drive.

I guess we all view things differently?

 

[redbaron]

I find I am far more in control if I am paying £xxx each month and my money is not sitting tied up in a car.
If I were to loose my job my car would go back and my lump sum would be there. I would hate to be in a position where £30,000 of money I needed was sat in a piece of metal on the drive.

I guess we all view things differently?

Paying for a car cash is not a good idea.... certainly for a vehicle under warranty.

Still maintain that anyone who feels the need to pay in full with cash for a depreciating asset is crazy.

 

[gIzzE]

I have just bought an S212 and used Lombard, it is costing me £9 a week to borrow the money. I think that is a small price to pay to save me using my money.

 

[Deleted member 37751]

I have just bought an S212

pictures?

Have you gone for the V6?

 

[redbaron]

Im happy paying 5.9% APR to BMW FS..... especially as I make more than that on my own money elsewhere...

I think the problem on here (and Pistonheads) is there are some that think use of finance means cant afford... where in reality this is true for some for many more it is a component of playing the game.

 

[gIzzE]

pictures?

Have you gone for the V6?

Yeah and E350cdi Avantgarde.
Palladium with grey alpaca seats.

I haven't got it yet.


I was going to buy something for £3k and be done with it, but I couldn't sell my X1 privately, and was getting offers for more than I was asking from main dealers as trade ins. So decided to just trade it, otherwise I would have paid £2k to get out of the X1 and another £3k for a car which is like 2 years of payments, so no real saving.



I regretted letting my E320 estate go, and started looking round for another one, but the price points were not making sense to me, not compared with the spec of the car I sold and the price I got.

So looked at loads including, V70, XC60, 530d sport touring, A6 S-line Avant (new one, very impressive) and S212's.
I got as far as getting finance sorted on a really highly specced 530d sport touring, but then after driving it realised I really didn't like it as much, so although on paper it is the better car right now (returned 38 round town and 50mpg on a run) I knew I would not be happy in it.
So took a nice looking E350cdi sport out for a spin, and loved it, was a little bit too firm on the rear and noisy in the boot area because of it.

Then tried an E250cdi avantgarde and preferred that.

But knew I would always hanker after an E350, so had a search around, found a 10 plate at a stunningly good price, they then offered me a grand more on the X1 than I was hoping for as well, so went for that.


Get it next week I guess.

 

[Deleted member 37751]

Suspension a bit too firm? You're getting old mate!

 

[mika]

i think the purpose of the car whether its for daily use/ business versus being a second car or hobby is also a factor i agree that tying up a considerable lump sum then losing you job would be a double burden
Car manufacturers are very keen to sell finance i have a friend who tried to buy a car for cash achieving discount along the way then finally just before closing the deal the salesman offered further discount if a small proportion was taken on finance
so he did , got the additional discount and paid the finance off after 28 days in full
this practice is commonplace apparently
its an easy win for the buyer imo