mjheathcote
Centenary Club
- Messages
- 9,045
As we all know the used car market is crazy at the moment.
My M140i is my opted out company car, and I have bought it/fueled it/maintained it all within my car allowance/tax refunds for business miles.
Even though it will be 5 years old next March (I will have then owned it 4 years), and it has currently over 56K miles on it, due to the current market I have over £12k positive equity.
I've always loved the Alpine A110, my sort of left field type of car, but it's always been out of the question due to the cost.
However I seem to have stumbled upon their lastest finance offer, which fits in perfectly with the amount of deposit required, and the monthly payments are actually less than what I pay for the M140i with my car allowance!
Now normally I would say you would loose all that deposit on new car depreciation, however I'm not so sure with the Alpine.
The amount available on the market are limited, and they are all not that much cheaper than a new one, even if over 3 years old, albeit with low mileages.
Would this be a crazy idea, the thought of being able to buy and run a £50k car over 3 years ago all with my car allowance was simply unimaginal.
If I did do this, it would certainly be my last new ICE car.
My M140i is my opted out company car, and I have bought it/fueled it/maintained it all within my car allowance/tax refunds for business miles.
Even though it will be 5 years old next March (I will have then owned it 4 years), and it has currently over 56K miles on it, due to the current market I have over £12k positive equity.
I've always loved the Alpine A110, my sort of left field type of car, but it's always been out of the question due to the cost.
However I seem to have stumbled upon their lastest finance offer, which fits in perfectly with the amount of deposit required, and the monthly payments are actually less than what I pay for the M140i with my car allowance!
Now normally I would say you would loose all that deposit on new car depreciation, however I'm not so sure with the Alpine.
The amount available on the market are limited, and they are all not that much cheaper than a new one, even if over 3 years old, albeit with low mileages.
Would this be a crazy idea, the thought of being able to buy and run a £50k car over 3 years ago all with my car allowance was simply unimaginal.
If I did do this, it would certainly be my last new ICE car.