320D a/t (E90) need to know the value

[Sabretooth tiger]

In your situation I think you are very lucky that the e90 320d is relatively problem free. Imagine being stuck with a POS problematic car...

This is very true.

Look your married to the car, rather stay married to it, as it seems you have no urgent need for SUV. Rather keep it, till you out of the deal, and move on, writing the big balloon off as school fees.
Once paid off, you have a car you know very well, keep it as a daily and buy yourself a SUV.

If your finances improve, increase your monthly repayments, it will decrease your capital debt.

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I also think your trade is currently counting against you, think trade value is in the region of R120k-R130k now, so you already R40k-R50k short. It wont loose much more value, so you better off keeping it.

 

[SharnThoR]

Yeah, I thought I'd just keep it now...might as well.

Trade is R148k actually, but even then I'm still short around R30k.

I would like to know where to get genuine parts at good pricing? BMW themselves just charge a lot...or is that the only place to get them from?

Yup...I paid my school fees on this one. Although, I've been thinking a lot about this car lately... My wife's car is completely debt free. So, the idea would be to get the BMW paid off and give her the vehicle. After all... BMW makes some of the most reliable vehicles around

 

[WIDEOPN-X5]

Yeah, I thought I'd just keep it now...might as well.

Trade is R148k actually, but even then I'm still short around R30k.

I would like to know where to get genuine parts at good pricing? BMW themselves just charge a lot...or is that the only place to get them from?

Yup...I paid my school fees on this one. Although, I've been thinking a lot about this car lately... My wife's car is completely debt free. So, the idea would be to get the BMW paid off and give her the vehicle. After all... BMW makes some of the most reliable vehicles around

This is what I have done with my X3. It's 2 yrs old with over 100 000k's on the clock but from December we move so that she is km's from the office instead of the 140km round trip she is doing at present.

The "mileage to age ratio" on the car will then stabilise so that when I get to 4 to 4.5 yrs at around 135000km's I may be able to get out of the X3 without paying in:skit:

 

[SharnThoR]

This is what I have done with my X3. It's 2 yrs old with over 100 000k's on the clock but from December we move so that she is km's from the office instead of the 140km round trip she is doing at present.

The "mileage to age ratio" on the car will then stabilise so that when I get to 4 to 4.5 yrs at around 135000km's I may be able to get out of the X3 without paying in:skit:

Yeah.... Kinda stuck where I am now...

Used to drive 110km per day. Now I'm doing 42km a day...doesn't make enough of a difference. Worst part...I drive an additional 1 000 to 3000km a month for work :/

Either way... if all goes well and I can get the parts cheaper, I'll just do the service myself every 7 000km or so instead of every 15 000km

 

[Flame]

Trade it in on new bmw or demo..they will settle ur car and u will be sqaure...

I have e90 320d lci 2010 also 126k on clock...settlement is R181k....ive been offerd to settle if i buy demo or new.... its a great deal i think.

Trade is r148k retail R180k.

 

[Garreth]

Well my silver 2011 bmw e90 320d auto with sunroof and pdc and 150k on the clock was to be traded this month. I got offers around the 120 k mark this is the best I got. Bmw's go for far less than trade like 40 to 50k bellow trade. They also sell just over trade and way under retail. So those trade and retail figures mean very little. I paid 80k bellow retail when I bought mine.
This should have been my first clue. The only time you will get better money for your bmw is when you around 70 000km on the clock. This gives owners more to stand on due to it still being under plan. Bmw like this as well as it gives them more ways to make money as they can extend maintenance plans.

 

[Flame]

Well my silver 2011 bmw e90 320d auto with sunroof and pdc and 150k on the clock was to be traded this month. I got offers around the 120 k mark this is the best I got. Bmw's go for far less than trade like 40 to 50k bellow trade. They also sell just over trade and way under retail. So those trade and retail figures mean very little. I paid 80k bellow retail when I bought mine.
This should have been my first clue. The only time you will get better money for your bmw is when you around 70 000km on the clock. This gives owners more to stand on due to it still being under plan. Bmw like this as well as it gives them more ways to make money as they can extend maintenance plans.

This is true at a normal dealer on a other car or bmw at a normal dealer.

Go to bmw self...and the picture change.

 

[SharnThoR]

Well, I did go to BMW...

There's a few problems with going to bmw:
1. They offered me R50k below book value, so they also offered me R110 000. This is still R60k below what I owe
2. They can get me into a new vehicle by "loading" the new vehicle
3. This helps me absolutely nothing as this will most likely put me back into a res value
4. New vehicles just costs too much, so this doesn't help much either

So...here's for holding thumbs that nothing bad happens to my vehicle. I'll be keeping it, doing maintenance myself and hopefully I can pay it off.

Still nobody knows where I can get my BMW parts for a bit cheaper?

 

[sash]

R550 for a headlight doesnt seem bad in my books, BMW wants R2200 for a single foglight for my car.

When you are looking at servicing the car, i would suggest you get the parts from Gert@OBDworx and if you are not comfortable doing the service, get someone like Ross Duncan in Midrand to sort it out for you.

 

[Sabretooth tiger]

R550 for a headlight doesnt seem bad in my books, BMW wants R2200 for a single foglight for my car.

When you are looking at servicing the car, i would suggest you get the parts from Gert@OBDworx and if you are not comfortable doing the service, get someone like Ross Duncan in Midrand to sort it out for you.

Fully agree, also chat to Nikhill on the forum to help you with work you need done.

 

[tman]

Trade it in on new bmw or demo..they will settle ur car and u will be sqaure...

I have e90 320d lci 2010 also 126k on clock...settlement is R181k....ive been offerd to settle if i buy demo or new.... its a great deal i think.

Trade is r148k retail R180k.

IMHO this is the worst advice ever.

 

[WIDEOPN-X5]

Trade it in on new bmw or demo..they will settle ur car and u will be sqaure...

I have e90 320d lci 2010 also 126k on clock...settlement is R181k....ive been offerd to settle if i buy demo or new.... its a great deal i think.

Trade is r148k retail R180k.

IMHO this is the worst advice ever.

Agree. They are "overtrading" somewhere and you are going to get stung in the long run. I speak from bitter personal experience. They "load" the price of the demo / new vehicle so you pay above what you should for that vehicle and start off "negative" before you drive off the showroom floor.

That's what happened to me with the change from the 320d to the X3. They had a lot of "meat" in the X3 because it was a so-called "factory demo" unit which came fully loaded with extras that I could have got "free" if I didn't need the trade assistance. They were selling the vehicle at base model retail with all the extras included but on my deal the showed all the extras on the finance invoice so that they could create the shortfall between my trade-in and settlement.

Don't take these deals, there's only pain long term

 

[Sabretooth tiger]

Trade it in on new bmw or demo..they will settle ur car and u will be sqaure...

I have e90 320d lci 2010 also 126k on clock...settlement is R181k....ive been offerd to settle if i buy demo or new.... its a great deal i think.

Trade is r148k retail R180k.

IMHO this is the worst advice ever.

Agree. They are "overtrading" somewhere and you are going to get stung in the long run. I speak from bitter personal experience. They "load" the price of the demo / new vehicle so you pay above what you should for that vehicle and start off "negative" before you drive off the showroom floor.

That's what happened to me with the change from the 320d to the X3. They had a lot of "meat" in the X3 because it was a so-called "factory demo" unit which came fully loaded with extras that I could have got "free" if I didn't need the trade assistance. They were selling the vehicle at base model retail with all the extras included but on my deal the showed all the extras on the finance invoice so that they could create the shortfall between my trade-in and settlement.

Don't take these deals, there's only pain long term

This is a very bad plan. You essentially start off worse. Buying the car for way more then what its worth already places you at a huge disadvantage, add to that a balloon payment, especially one bigger than 20% is a nail in your coffin. You will drive a car that is worthless and you would only have paid off interest on the debt in the first 36 months of ownership.

Best way to cover a short fall and get out of a balloon, is if you can get a car that is worth say Rx00 000 for Rx00 000, including your current car to be settled, not loading the shortfall with extras and buy it with no balloon. This will not be a easy deal to find.

 

[Twincam Shark]

I was also in the exact same issue as you.
Big balloon payment at the end of my contract, but I will be keeping my car and just refinance the res at the end.

If you take care of the car now there is not much issues mechanically you will have in the future.
Gert advised me of one of his friends for brakes and he quoted me
R1200.00 for rear pads and sensors which is really cheap.

Shop around for parts.
My settlement is currently is around R249 000 for a 2011 mpack 320d with 129 000km with 2 years remaining.

 

[Flame]

Actully....not. i got qoute on the demo with out trade in...then i asked qoute with trade in...with trade in car was only r20 000 more. So i got more for my car than i must...above trade value.

 

[Sabretooth tiger]

Actully....not. i got qoute on the demo with out trade in...then i asked qoute with trade in...with trade in car was only r20 000 more. So i got more for my car than i must...above trade value.

So the quote was R20k more with trade in, they actually loading R20k on the new car. So you are paying more for the new car, then someone with no trade in, or clean settlement.

 

[Flame]

Pay r20 000 more yes...but i save on my settlement. And that is 3 months ago i bought the car. Buy new one now..and after 6 months i sell agan...they load then r10 000 on new car again...but then again i save on on settlement...and another 6 months...im equel and they dont have to load on car anymore.

So exlained is: settlement R181 000. Trade is R148 000.
Rarely a dealer will pay above trade for ur car.

So im in short of min R33 000.... now for that R33 000...i only pay only R20 000...i save R13 000. ...and i had a bad high km 116 i traded in on this 320d where they also loaded R20 000...so im farming forward in a funny way what no one can see.

So they load now R20 000...but in a while i will only need about R12 000 on next buy....and on the next one im maby sqaure.....


Boom. I got all black on white papers to prove and show.

 

[SharnThoR]

Pay r20 000 more yes...but i save r30 000 on my settlement. And that is 3 months ago i bought the car. Buy new one now..and after 6 months i sell agan...they load then r10 000 on new car again...but then again i save on on settlement...and another 6 months...im equel and they dont have to load on car anymore.

I highly doubt that this is how it works... In theory, it makes sense, but reality it's the exact oposite.

Okay cool, I'll have a chat with them to see where they can assist me with parts etc as I need them. These are original BMW parts though?

P.S My problem is not just the theoretical shortfall of R30k between book and retail, they're only offering me R110k. That means I'm R60k short. Let's say I load that onto another vehicle, are you potentially saying I should load R60k on a R300k car? That's the exact bull that got me into this situation in the first place... In short, no thank you

 

[Sabretooth tiger]

Pay r20 000 more yes...but i save on my settlement. And that is 3 months ago i bought the car. Buy new one now..and after 6 months i sell agan...they load then r10 000 on new car again...but then again i save on on settlement...and another 6 months...im equel and they dont have to load on car anymore.

How will you be saving on the settlement? How much according to the quote are they offering you on trade? Have a break down on OTP by any chance? I might not understand, but in my book its not as straight forward, buy a car new now, and in six months time it has depreciated already, and unless you paying off over a very short term and a very very low interest rate, you will not be only R10k sort on settlement in 6 months time.

So exlained is: settlement R181 000. Trade is R148 000.
Rarely a dealer will pay above trade for ur car.

So im in short of min R33 000.... now for that R33 000...i only pay only R20 000...i save R13 000. ...and i had a bad high km 116 i traded in on this 320d where they also loaded R20 000...so im farming forward in a funny way what no one can see.

So they load now R20 000...but in a while i will only need about R12 000 on next buy....and on the next one im maby sqaure.....

The OP's concern is not only what dealers offer. No manufacturer currently gives full trade value anymore. It is about the fact that balloon payment placed him in a bad situation. Being R30k - R40k short now, and trading it in, on a car if you going to load it is in my book a bad idea. You in essence buying the vehicle at an inflated price, meaning come time to sell you your settlement is already inflated. Are you really saving? If your current car was a clean trade, you would have paid less for the new car.

In the end it turns into a vicious cycle, of constant debt. I for one to not want to be in constant debt until retirement.

Boom. I got all black on white papers to prove and show.

Please do share bud, not saying you lying, just sounds very strange to me

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As an example, I bought a 2008 Accent last year for R20k below retail over 54 months at prime. I broke even quickly and early, as I bought for way under Retail.

 

[Flame]

Inbox ur email. Ill send u the qoutes of my old 116 i traded on the 320d and ill send u my new qoute on 2014 116i .

New qoute for 116 2014 is R270 000. Only 30 000km on. Demo. With trade in ..R290 000.

That a hyundai u talk about..bmw on bmw differ. Will also not work bmw on any other car..once in bmw..u have to stay with bmw..if u stay...u wont fall behind.