So following on from this: Just picked my car up from BMW
(Essentially my car is going through a second warranty claim on the bodywork for rust)
BMW group have come back with two options as they believe that it's not economically viable to replace the panels (which is what it probably needs):
1) Repair the affected areas by taking it back to the metal, treating and respraying. Once this has been done the warranty would no longer be valid for my car.
2) Buy the car off me by giving me a 8k credit (yet to be double confirmed by HQ) towards any approved BMW.
Now to be frank my car is going to be a pain to sell on, it's quickly approaching 170k mile mark and currently requires work on the air con system and exhaust manifold - I just haven't got around to throwing it into the garage yet. So this would be a good opportunity to move on from my 330 (providing they come back with the 8k offer on paper). Pretty soon I will be commuting into the centre of london on the tube, and so the car will be retired to doing 2 or 3 trips a month max, I don't want to get rid of a car altogether as it's convenient for visiting family, but equally don't want a 12k car sitting on the drive costing me more in depreciation than fuel...
Now I was thinking along the lines of buying an approved BMW for 12-15k (8k credit plus cash - I won't be taking finance out) keeping it for a very short while and they selling it on and buy something for 3-4k.
My math for a 12k car:
8k - for my car
4k - cash contribution
Sell for 10k?!?! = 4-7k back in the bank and 3-6k to spend on a new car and I've got rid of a car that would have taken me ages to sell for 2.5k?!?...
It's the number in green I'm struggling to comprehend - what could I buy that would cost me the least driving it away from the dealership?? BMW Approved Used Cars - Search Results
@simonsays I couldn't fit that in my text lol