OH was in that situ, she decided to keep the motor and run it till it dies
Well, my 330d is 2 years old, and is now officially worth less than the remaining amount I need to pay on it (both private sale and trade in) over the remaining 1 year period + the balloon - effectively I'm in negative equity.
I can 'swap' to the m135i, and pay a lower monthly amount. The insurance is comparable to the 330d. The fuel usage will be a fair bit more in the m135i, but as I only do 9k miles per year it's not a lot.
Has anyone been in this situation?
Literally hamstrung by indecision, although I realise it's a first world problem.
OH was in that situ, she decided to keep the motor and run it till it dies
I have a friend in exactly the same situation with a 6 series BMW. He got tied into BMW years ago and has never been to escape since, continually trading in against a different model, sometimes up, sometimes down. He is currently paying over £600 month on his 6 series but his job has ended and he really needs to downsize again. To get out it seems that you have to bite the bullet and pay to get out.
Think someone on here has the M1 and absolutely loves it. May be worth a quick search and drop him a pm?
The F20 I serieries is a lot bigger space wise than the old E model. What about a 125d or a 120d with the performance pack. Or just keep what you have do need a new car?
I've got an M135i, it's a great car, can get 40mpg at 70mpg on the motorway but it's also pretty bloody quick when you want it to be, I would highly recommend the 8spd auto, it's an awesome gearbox.
Same here, 40mpg cruising at 70, goes like a scalded cat when you want it to. Auto box is fabulous. Very happy with mine.
Can't comment on the economic wisdom of changing other than to say usually when people change cars to save money (usually from petrol to diesel) the maths doesn't actually stack up.
Good friend bought an ex demo M135i about 16 months ago for £33k (hi spec car) he's being offered 21k for it now after doing 10k miles.
great car to drive, but I can see you being sucked in again, I'm afraid to say.
Thanks everyone.
I gave the M135i a serious test today, and it was fab. The intent isn't really to 'save' money, but the notion of being underwater on my current car means that every payment s effectively dead. That said, entering a new deal means more dead money, and there's no surer way of losing a stack than buying a new high spec car.
It's all dead money, I guess. I might well hold on and save for another year.