09-30-2018, 03:32 PM | #1 |
Captain
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Drives: F90 M5
Join Date: Mar 2005
Location: UK
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Why would anyone buy a used F90 on finance right now?
I don't know if this is the same in other countries, but here in the UK if you buy a new M5 on finance the APR is 5.9%. However if you buy a used one the APR is 11.9%. This means that even if the used one was £8,000 less, it would cost more over 4 years than the new one. I can only find one M5 on BMW's Approved Used site that would work out less over four years.
So who is buying these used ones? Or am I missing something?
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F90 M5 (Marina Bay Blue, M Performance Parts)
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10-15-2018, 05:29 AM | #3 |
First Lieutenant
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same happened with the F10 a year after release - used ones 10% APR. new one 0% plus some heavy discounting.
given the current volume of F90 regular M5s on approved used right now, and the imminent arrival of the comp pack. I can see the same happening. There is going to need to be some heavy discounting to move those cars - there is no way I can see people dropping 80k plus on that right now. |
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