Hi! I'm an old fart come to ruin the fun :-D I love fast cars too, but in my 20's I always bought 2 year old ones, to at least offset the worst of depreciation. Buying on finance at this age is absolutely reckless guys, please, please save a deposit for a house or you'll regret it in a few years when ur flushing rent in to someone else's mortgage every month. So many good cars for 1/2 or 2/3rds the cash anyway.
meady200 yes I do have to agree with you. This particular was interested free. I do myself have a mortgage, but totally agree. It is key to save for a mortgage before spending a ridiculous amount on a new motor
Definitely agree there. With the increase of house prices it's best to get a deposit for a house first before spending money on a car. Parents can be a lot of help for us young people as they can guide us through the right way. With me for example I'm 20 and I think that when I start working I straight away want to save up for a nice expensive car. Its when I told my parents they said to get a house first and I could put a loan on a car. Remember a house increases in value whereas a car depreciates 👍.
Old fart here too and have been into cars (BMW these days) and property since my late teens. I have to reinforce that THE most stupid and reckless thing your could do in your 20's is lease or PCP a new car on a short term, repeating cycle. The thing you have going for you in your 20's is time - time for investment growth. Here's the numbers for perspective... Lets use the M140 as an example at say, £400/month with a £2K deposit on 36 months. And you plan on repeating that again and again. Now lets see how much that is costing you in 10, 20, 30, 40 years by instead putting that same money into market-index based investment (property performs even better for some people but indexed funds can be done by anyone with any amount of money). Starting at age 20... By age 30 your investment would be £97,238 By age 40 £356,018 By age 50 £1,057,609 By age 60 £2,960,231 As you can see after about 15-20 years (age 35-40) the money you're putting in monthly no longer has as much effect as the compounding interest earned. So, change your car every 3 years for a new model? Or wait 15 years and buy cheaper, used good-performance cars until then (eg. a 10yo manual 130i. Still a stonking car.) Having the latest bling model in your 20's is effectively costing you £3M later in life and at 60yo you're still making car payments. Hope it's worth it and that car gets you laid at least once! Get real while you have the chance.
Btw the same argument applies for renting vs buying a home. Renting, in the long term (and everyone is quite literally living for the long term!) effectively has the same outcome. Namely that renting, you will be paying an increasing amount for the rest of your life (inflation!), whereas buying a home effectively means the opposite - You lock in your housing costs for 20 years as inflation rises around you and then you're effectively living free (just maintenance, insurance and taxes which might be cumulatively 20% of the equivalent rental cost on the property). btw #2 The only scenario where the opposite is generally true is for multi-million dollar properties where the rental yield on cost is very very low. (which I notice many YT videos of the rich and successful use as their central argument for pushing renting.) Yes, if you want to live in a Malibu beachfront mansion you are better off renting than buying. But if you're living that lifestyle you better have 20M+ in cash investments or you gotta start questioning your lifestyle choices. Driving a new M140i when A: you're not yet at the level of being able to pay cash for it; and B: You don't yet own a house or even the smallest 1 bed apartment, is living a bad lifestyle choice. PAY NOW, BUY LATER.
Cassette - agree with you there. The second statement isnt going to apply to us normal people lol. Yeah with me when i start working im just going to be saving my pennys until i can get a deposit for a house. From there can put it on rent. The rent money i can save separately and put into the mortgage when i move into the house which would most likely happen if i get married. Probably would take about 2 years of hardcore saving (if you start off around £25k) to get a deposit but will be worth it later on in life. After that can save up for a expensive car. Only thing id probably say id worry about is if i get married not long or during saving for a house as i might not be able to afford a nice car as the expenses will be towards the house.
Holy shit!!! I was looking for insurance over the weekend on a car and start date to be the same day, it cam out to £2,150.00. I checked it again and moved it two days forward and it dropped by £400... You just saved my life haha!
Alot of kids are pushing themselves too much on finance, think about what will happen if you lose your job, make sure to have 6-12 months payments sitting in the bank before you take out finance.
i agree with what your saying but at the same time it can be motivation to work hard and gets young people used to responsibilities, not that i have a financed car but am thinking of going down the used car finance route at 23/24
Loads of buyers are using PCP as it sounds so cheap, these poor people are now having issues with their first mortgage as they are over financing!! PCP is a major issue right now, look at the problems over in the USA.
@@AnotherTH-camr460 not unless a car is at its lowest value point like my 2003 mini I bought cash for 1k and they can't loose much more than they already have
Hey mate another great video! I insured my edition 30 all mods declared at 20 for £2500 so you got an insane deal there! Also the reason its cheaper on the road rather than in the garage is because if someone wants to steal the car and its on the road they might not know which house the keys are in and if its locked in a garage they dont just know what house the keys are in but if it catches on fire then the car is going to go up in flames aswell! But apart from that i dont know where they pluck their numbers from!
Get a morgage not a financed car. Your house will increase whereas your car will decrease, buying a car like that at this is age it’s more of an image thing as opposed to actually needing something like that. Im 21 and work full time and drive a company issued van as my private vehicle, all my friends have Merc’s and BMW’s but they all still stay with their parents it’s easy to afford a £300 a month car when you’re under your parents roof paying no bills or with very little outgoing. A nice car like that is something to look forward to later in life when you’re set up and confortable where you are... Well that’s just my opinion.
Cameron McNair Hi Cameron, I fully understand your point and agree. But I have done things right. Me and my partner bought our fist property last year, and pay our mortgage comfortably. Like I said though I do agree with you. A lot of people are committing themselves to finances that they don’t need when they should be saving for a house. But I have been saving for a very long to get my property and the time was right to get something I wanted
but buying your own house is a liability.... all it does it take money out of your pocket it doesn't put money into your pocket, believe it or not it's probably cheaper to rent your property (get the council to do repairs,etc) and even to finance your car.. then used your saved up money into putting down mortgage deposit on a different house and then renting that out (positive cashflow, money goes into pocket) or you can use it to pay for the house you rent... and live in a free house 🤔.....
You are completely right about the garage situation.... Apparently there is more chance to ding your car getting it in and out of the garage every day so insurers seem to not like that. I said mine is on my drive all the time and it brought my premium down.
Hi.thanks for your video today. Just wondering what your Insurance cover exactly is, as My last new 1 series, I was covered for the first two years if stolen or written off, I would get new for old. So I did not need to have the Gap Insurance the dealer try’s to sell you....
I’m 21 and have a f21 m135i with 1 year no claims and a previous minor accident claim, I found putting both parents on the insurance bought the price down a lot for me, currently paying £2600 annual payment
I bought my M140i in October 2016 when I was 24. I've always used admiral multicar with my parents cars too, I found direct line was actually cheaper for the first time, £820 in total with both of my parents names too. They said it would go down a lot in year 2. Insurance is always dearest in the first year of your car ownership apparently 😄
I drive m sport 120D and I am the main driver who is 26 years old with 2 years NCB but my insurance is still £500 more than yours. When I put my dad on my insurance who has 10 years no claim the price went up to 2k lol .. so I guess it depends on the area you live in which kinda does make a big impact on your insurance
You do realise that however you pay for the car, whether it be cash, PCP, HP you still loose money in depreciation, so to say I don't see 'I don't see the point in buying cash' is a bit silly. There are advantages & disadvantages to all 3 but the main reason people finance is because it allows them to buy a car they cant really afford to buy. PCP/Lease rates etc are all based on a cars depreciation so essentially your just paying the depreciation as you go rather than take a one off financial hit when you sell. I personally buy my cars outright (because I can) as I don't want to have a fixed monthly payment or mileage restrictions but each to their own...
Yes that is very true. But you will lose far more money in depreciation when buying a car cash unless it goes up in value. This Particular car is 0% finance as well so it suits me very well. But for someone who is planning to change their cars often I think a PCP is better. Each to their own though. What ever suits an individual best is what they should do
That's not True. A car doesn't depreciate faster if you pay cash! A like for like car depreciates at a certain % regardless of how you pay for it, and I have got some huge discounts being a cash buyer, way more than I could possibly get buying on finance, even with 0% deals. Don't get me wrong, there are some cracking deals out there, but they are usually based on list price or minimal discount, so in some cases (not all) some people may be better to borrow the money from a third party such as a bank and go in a cash buyer. This put's you in stronger position to negotiate a hefty discount, even paying the bank's interest rate it can work out cheaper than a 0% interest PCP deal due to the up-front saving. I'm not saying their is anything wrong with HP/PCP, i'm just saying you don't lose more money buying cash otherwise I would go down the finance route myself and keep the cash in the bank...
To add to K Mack, with a 36 month finance deal you're also tied down to paying the car off for 3 years, whereas if you buy in cash then you can sell it the next day and go and buy another one. Not really sure where you've got the idea that finance is better for people who want to change their cars regularly, when I've bought cars and sold them a week later by paying in full in cash and you're tied down to 3 years of payments for it
financing cars is much better, because the opprotunity cost of the cash you didnt pay can go into other investments to make you money passively. By paying up front in cash, you have no opprotunity for passive income
Nope. While you're saving up to buy a new car in cash, eg. putting aside £200 a month into a savings account, you can put other money into other investments just like if you were paying a finance company £200 a month. The difference is, you EARN interest on the money you're putting into your savings account then pay the rrp for the car in cash. Whereas with finance, you're PAYING interest on top the cash you're giving to the finance company so you end up paying more than the rrp for your new car. Both ways you can put extra money into other investments while you're saving up/paying off the £200 a month. Financing a car is just paying someone to save up the £200 a month for you for the sake of having to have something NOW, rather than saving up for it yourself and earning the interest on the savings by waiting to have the car when you can afford it outright. It makes no financial sense at all, it's just for the "Have to have it right now" people. Financing also usually means if you lose your job, you lose your car. If you save up and buy it in cash, you can keep the car - if you lose your job while you're saving up for it, you just pause the savings while you get back on your feet. It's a much more financially safe and stable way of living to minimise the risks of debt and repossession
Hello mate what’s your thoughts on running the car in? I picked mine up a couple of days ago and can’t help but put my foot down with only 200 miles on the clock. (Obviously not redlining every journey). Is it really an issue?
The reason why insurance is cheaper when you put your parents on rather than friends/other family is because your parents are likely to drive it more than other people and are mature as well so will probably drive more carefully. But dont put them on if they have previous for drink driving or any recent points unless it does actually reduce your premium. Another thing you can do is use addresses of your other family members, my insurance went down by £500 just by using an address that was only 1/2 mile away from my house.
I’m 21 just bought a 18 Plate cupra 300 out right and been driving nearly 2 years, insurance on that with no black box and both parents as named drivers is £3400!!
nice video man. Do you think its sensible to buy a car on finance with a student maintainance loan as it doesn't get used up much for me? It's around 7k a year thanks
Jesus 😂 I’m running a 118i and it’s a good car but really want more power. Plus that thing returns a partly 34 mpg around town. The reason I bought it was for the fuel economy so I’m not a happy man. Where are all the good deals on these 140i. I priced a used 135i last year and with a £1000 deposit it would still cost me £345.
Want to hire purchase this at the age of 19 on a 48month contract for around 680 without insurance a month. £449 deposit. Works out cheap. 9-5 job. Any advice?
Good vid. Do you know if this model has the Auxiliary Heating option that is available on the 4 series? Would be handy this time of year with the icy weather.
That’s not what causes the increase in price for having a car in the garage, the added risk of damage to a car when going in and out the garage is along with the repercussions of your car damaging the garage (say your car caught fire one night and burned the garage/ house down)
The named driver bit is the best way to reduce insurance prices, im 19 with the 3 series and insurance was around 3500, but when I put my dads name on the policy it went down to 1500
SB R which 3 series model? i was looking for 318 (its cheaper than 320) but then everyone says 320 is sooo much better and now my insurance as named driver is £2600
@@kingborat8696 I want either a 318 or 320 D for my first car.. I'm 24.. but u.k insurance is straight up extortion.. basically want organs as downpayments.. but I love both the 318 and 320
@@chadwinfield9562 bro get 320 or else you will regret getting 318, end the end i got 2015 lci 320d m sport plus with 20k milage and £1700 insurance from LV no black box, age 22, with 1 yr ncb, no additional drivers
@@kingborat8696 is that in the u.k?... and yeah I think I'm going to.. plus I love the saloon look.. but I'm also starting to like the estate shape.. just the insurance is crazy here.
Your the policy holder for 1300!?? That’s insane. Makes sense if ur a named driver under your mum. But if you’re the policy holder then wow! What a deal. Start racking up those NCB
In the event of an accident, they are allowed to get a certain form of permission in order to ascertain who drives the car the most, if they suspect fronting. This isn't for a normal case where nothing happens, "you mug". Say you lose it on a corner, crash into a car and seriously injure all 4 occupants. Millions in damages. Let's say you were fronting, and they are able to find out. Guess who will have to declare bankruptcy? "For very large claims, the insurer can justify spending more time and money on these investigations and can look into things such as statements from neighbours/friends/colleagues regarding the vehicle usage. CCTV footage might also be examined." www.lovemoney.com/news/4217/this-lie-could-cost-you-thousands
REAL TORQUE thanks, I've had a few test drives and I love it but I don't do many miles so it's to justify spending the money. For me it's a toss up between the A45 AMG and the m140. What do you think?
Joe Ayres don’t get me the wrong the a45 is smashing car and its launch control system is incredible. But bang for your buck and smiles... it’s definitely the m140! Also the a45 may be quicker off the line, but trust me, when rolling the m140 is Insane
REAL TORQUE I'm glad it's not just me that thinks that. I test drove the A45 and it sounds awesome and looks great with the aero kit. But it was just too firm, jolty gearbox and it didn't feel as responsive as the m140. The AWD would be handy where I live. How is the m140 in terms of grip on wet roads? I have a 120d and I've always been shocked at the levels of grip for RWD
iBunTheCro that depends. If you’re planning to keep the car after the agreement then no it doesn’t really matter. However if you’re planning to hand it back and walk away, there are mileage charges for anything that’s over your agreed amount. If you’re planning to trade the car, the mileage doesn’t matter either, and you can trade the car in at any time you like, this is when you’re looking for equity in the car, because if you plan to get rid of the car too soon the finance will be a lot more than the amount your car is worth ( negative equity). When the car is worth more than the finance you are then in positive equity which you can then put towards another car and walk away from Your existing one. You’ll tend to see positive equity in the last year of your agreement subject to you sticking by your mileage
Nice vid mate. If you know you're getting rid of the car in 2 or 3 years isn't hire purchase better and cheaper? PCP you have a higher monthly payment due to having the privilege of buying the car at the end of your agreement?
Keith Bartlett no mate I think you’ve got a tad bit confused. PCP tends to be cheaper due to their being a GFV/balloon payment at the end. So that basically means the amount you’re financing over say 36months is less than what a HP would be because there’s less amount to pay over that period. I hope that makes sense haha
Must be different up in Scotland or possibly I am getting confused. There was even a dispatches on the BBC saying PCH was cheaper than PCP. I'll have a look into it more.
Insurance is more expensive when you say it's kept in a locked garage cause its more prone to dents, especially if it's a smaller garage. Modern cars security systems are good enough so that they can be left on a drive or by the road with little chance of theft.
Yeah man spent ages trying to get them quotes! Might if seen me idk Grey A250 Carbon side skirts and front splitter with red pin stripe :D Will you be at tunerfest?
i'm thinking about getting a car on finance for my first car, maybe like an A3 or a 1 series, is it worth me doing this or just waiting until i've been driving for a year or so?
@Real Torque I’m a new subscriber and really like your personality and videos but my question is; Why are you so inconsistent with your uploads and upload so irregularly? I’m always checking every day to see if you’ve uploaded but I’m mostly getting disappointed. Do you have a schedule planned or any sort of idea how often you’ll be uploading and if it will be often in the new year
James Byrne Hi mate I appreciate that! It’s just the trade i’m in its very hard to get content out regularly. I am trying to get a video out every 10 days!
Pak Wong leasing is of course great. But you never will own the car. You’ll also get penalised when exceeding you’re mileage allowance. It also a pain when there is damage to the car
This is called fronting and is insurance fraud. Should you have a claim you risk having your policy void and your details loaded to the fraud register meaning you'll have real difficulty obtain any future finance, loans or mortgages
What is the exact insurer that your with? Can't believe it's only 1300, I'm 20 and ran a quote on a 208 GTI with parents as named drivers and it was over 2000?
Jake Tutton admiral I’m with mate. It’s a weird one, if I kept my GTI and insured it again for this year it was 1.8k, more than the m140! Insurance is a strange one
BMW must have some good deals because I hardly ever saw a 1 series on the road but these new ones are everywhere, and I’m talking about the M140i. Maybe they’re getting rid of the RWD platform. Before it was S3 and Golf R that were really common.
Yes - problem now is because they’ve flooded the market with great deals used / CAP prices are shocking. The absolute best offer to buy my May 2017 M140 with 5000 miles and very high spec is just under £23k. That’s over £8k depreciation in 8 months and I got a massive discount! My advice - buy used!
Terry Tibbs I’m making a new video soon looking at CAP values against depreciation on a PCP and how ridiculous the figures can be. I’m going to compare this with buying nearly new from a supermarket and show that it’s much easier to terminate early this way 👍
Will do. I've been doing quite a lot of work on a few spreadsheets at the moment comparing my deal with say a six month M140 available from a car supermarket. Even with a higher interest rate from the supermarket (they quote 10.9% but I've got them down to 6.9% APR), there's a huge difference. I reckon with this model, you could almost change every 12 months with very little negative equity and that's with a ZERO deposit! It's fascinating reading if you're into things like this. As I say, I got a 25% discount off M140, but I could have put together a put better deal buying a used one.
my insurance was £1000 more having it in a garage than on the street funny thing is i actually have a garage and can put it in there... but £1700 on a fiesta st at 19 im not complaining
5yrs NCB, 31yo, rural, low risk area, parked off road, TPFT is still £1240, and that's after plenty of shopping around, so how a 20yo with less ncb gets insurance on an M140i for £1300 I cannot fathom.....good luck to you though.
Personally I just really don’t like the idea of not owning the car at the end of the finance agreement unless you pay the final payment which is usually quite a chunk of cash. To me it’s like throwing money away on renting when you could be paying a mortgage
Im 20 with 1 years no claims and its gonna cost me 4000 for a m140i with no black box just outside of north london, but if I say I live litterly 5 miles away where my mum lives it goes down to 3 grand
REAL TORQUE na im not going to, just gonna have to take the hit lol quite alot of difference in price considering its pretty much just down the road though, have you got a box fitted?
Hey man, noticed your into trading, something I’ve always wanted to get into, always see these people on twitter claiming to earn you 200+ a week by following their trades through binary etc... Fancy giving me some tips 😉😀
Fezza4u hey buddy the only advice I can give you, is stay away from those accounts. They’re all dodgy. Learn the markets and trade what you can afford to lose. There are courses you can attend, like learn to trade but they are dear. I lot of my knowledge has come from experimenting and TH-cam believe it or not. Just don’t get addicted!
Would you please let us know the deposit and monthly payments you make? It'd make this video all the more interesting to actually know that info. Thanks. P.s good fringe 😎
For someone in sake you know very little! If you have 30k in bank to buy a car you don’t need to talk in and buy a new car as yes you will lose on tax and the big depreciation it takes in its first year or so. But you can walk in and buy a 1-2 year old of the same model and you won’t lose much at all over the 2 year ownership I say maxxx 4K on a M140i and that’s over the top figures! PCP on the other hand your probably paying £350-400 min a month and paid at least a £1000 deposit. Even if your term was 3 years which is the min term to achieve those figures, you would be paying over £4k a year min plus your initial deposit just to basically rent the car! That’s way more then double even triple buying a 1 year old used model would cost youin long run! Now as for people that say why put money into a car! If your going to save yourself over 10k in a couple years doing it, then that’s your answer! As for your terrible advice about putting your details into all kinds of insurance search sites, that’s the worse thing you can do as it will mess up your credit history and other things. Best thing to do is make a new email and make up a name and address local to yours and search insurance sites with those details till you get a good price then return with your real details. This is just one idea of many.
Great work mate, I’ve worked in sales (recruitment) for a year in the city during my gap year before uni so we’ve both done similar jobs, sales is good fun to be fair 👌🏻
REAL TORQUE defiantly mate, I remember more than a few good times during my time😂 pays well aswell like you said, paid for my watch which is my most valuable possession (which I didn’t choose btw would rather have spent £20k on a car but it was an incentive) 😂😂
Insurance is all about risk. If your mum is added as a driver it spreads the risk to a lower risk driver. If she's driving the car then obviously you're not. However for those who think adding your parents as the main driver. This is called fronting and is insurance fraud. Yes you may get away with it but be warned. If you get caught you risk having your policy void, being held accountable for all third party costs and your details loaded to a fraud register meaning you'll be unlikely to ever get any decent finance again, so no loans, credit cards, insurance or mortgage etc. Drive safe, earn your no claims bonus and be honest
Arti Aliya fun fact mate. 0% finance for one. And secondly the car is now gone and including payments made and negative equity I lost 6k. I think you’ll find if I bought it cash I would have lost almost 10k. That’s a fact as I’ve done it. Thanks for the comment anyway
Just ran a quote of an M140i and it came out at £7500😳
Hi! I'm an old fart come to ruin the fun :-D I love fast cars too, but in my 20's I always bought 2 year old ones, to at least offset the worst of depreciation. Buying on finance at this age is absolutely reckless guys, please, please save a deposit for a house or you'll regret it in a few years when ur flushing rent in to someone else's mortgage every month. So many good cars for 1/2 or 2/3rds the cash anyway.
meady200 yes I do have to agree with you. This particular was interested free. I do myself have a mortgage, but totally agree. It is key to save for a mortgage before spending a ridiculous amount on a new motor
Definitely agree there. With the increase of house prices it's best to get a deposit for a house first before spending money on a car.
Parents can be a lot of help for us young people as they can guide us through the right way. With me for example I'm 20 and I think that when I start working I straight away want to save up for a nice expensive car. Its when I told my parents they said to get a house first and I could put a loan on a car. Remember a house increases in value whereas a car depreciates 👍.
Old fart here too and have been into cars (BMW these days) and property since my late teens. I have to reinforce that THE most stupid and reckless thing your could do in your 20's is lease or PCP a new car on a short term, repeating cycle. The thing you have going for you in your 20's is time - time for investment growth. Here's the numbers for perspective...
Lets use the M140 as an example at say, £400/month with a £2K deposit on 36 months. And you plan on repeating that again and again. Now lets see how much that is costing you in 10, 20, 30, 40 years by instead putting that same money into market-index based investment (property performs even better for some people but indexed funds can be done by anyone with any amount of money). Starting at age 20...
By age 30 your investment would be £97,238
By age 40 £356,018
By age 50 £1,057,609
By age 60 £2,960,231
As you can see after about 15-20 years (age 35-40) the money you're putting in monthly no longer has as much effect as the compounding interest earned. So, change your car every 3 years for a new model? Or wait 15 years and buy cheaper, used good-performance cars until then (eg. a 10yo manual 130i. Still a stonking car.) Having the latest bling model in your 20's is effectively costing you £3M later in life and at 60yo you're still making car payments. Hope it's worth it and that car gets you laid at least once! Get real while you have the chance.
Btw the same argument applies for renting vs buying a home. Renting, in the long term (and everyone is quite literally living for the long term!) effectively has the same outcome. Namely that renting, you will be paying an increasing amount for the rest of your life (inflation!), whereas buying a home effectively means the opposite - You lock in your housing costs for 20 years as inflation rises around you and then you're effectively living free (just maintenance, insurance and taxes which might be cumulatively 20% of the equivalent rental cost on the property).
btw #2 The only scenario where the opposite is generally true is for multi-million dollar properties where the rental yield on cost is very very low. (which I notice many YT videos of the rich and successful use as their central argument for pushing renting.) Yes, if you want to live in a Malibu beachfront mansion you are better off renting than buying. But if you're living that lifestyle you better have 20M+ in cash investments or you gotta start questioning your lifestyle choices.
Driving a new M140i when A: you're not yet at the level of being able to pay cash for it; and B: You don't yet own a house or even the smallest 1 bed apartment, is living a bad lifestyle choice. PAY NOW, BUY LATER.
Cassette - agree with you there. The second statement isnt going to apply to us normal people lol. Yeah with me when i start working im just going to be saving my pennys until i can get a deposit for a house. From there can put it on rent. The rent money i can save separately and put into the mortgage when i move into the house which would most likely happen if i get married. Probably would take about 2 years of hardcore saving (if you start off around £25k) to get a deposit but will be worth it later on in life. After that can save up for a expensive car. Only thing id probably say id worry about is if i get married not long or during saving for a house as i might not be able to afford a nice car as the expenses will be towards the house.
Holy shit!!!
I was looking for insurance over the weekend on a car and start date to be the same day, it cam out to £2,150.00. I checked it again and moved it two days forward and it dropped by £400... You just saved my life haha!
Alot of kids are pushing themselves too much on finance, think about what will happen if you lose your job, make sure to have 6-12 months payments sitting in the bank before you take out finance.
Dan Hall very fair point. I do have money aside just in case the worst happens
REAL TORQUE how fars Brighton from you? Got a car meet tomorrow with a few 140's coming along
Dan Hall it’s over 4hours away haha. Thanks anyway
i agree with what your saying but at the same time it can be motivation to work hard and gets young people used to responsibilities, not that i have a financed car but am thinking of going down the used car finance route at 23/24
Loads of buyers are using PCP as it sounds so cheap, these poor people are now having issues with their first mortgage as they are over financing!! PCP is a major issue right now, look at the problems over in the USA.
Let’s be real 99% new cars on road are financed, if you cash out a car out of the showroom you’ll lose money straight away.
You’ll always lost money in normal cars regardless of it being cashed or finance. Cars are a depreciating asset nothing new.
@@AnotherTH-camr460 not unless a car is at its lowest value point like my 2003 mini I bought cash for 1k and they can't loose much more than they already have
Pace Edits true I brought my Aygo 06 plate for £1500, 1year later sold it the same price
I believe the 140i will go up or hold price even in 2020 they haven't hit under 16k all high mileage
M135/40i are cheap for what they are
True
Hey mate another great video! I insured my edition 30 all mods declared at 20 for £2500 so you got an insane deal there!
Also the reason its cheaper on the road rather than in the garage is because if someone wants to steal the car and its on the road they might not know which house the keys are in and if its locked in a garage they dont just know what house the keys are in but if it catches on fire then the car is going to go up in flames aswell!
But apart from that i dont know where they pluck their numbers from!
Put both parents on the policy... E46 M3 at 22 was 3600£, put parents on the policy and paid 1800£ 🙄.
Do you mind telling me the dippa you put down, the monthly payment and the balloon at the end?
Also which Bmw dealer did you use?
Thanks
NB Warrior Hi mate I don’t really want to be discussing it on the comments if you know what I mean. Drop me a DM on instagram
Get a morgage not a financed car. Your house will increase whereas your car will decrease, buying a car like that at this is age it’s more of an image thing as opposed to actually needing something like that. Im 21 and work full time and drive a company issued van as my private vehicle, all my friends have Merc’s and BMW’s but they all still stay with their parents it’s easy to afford a £300 a month car when you’re under your parents roof paying no bills or with very little outgoing. A nice car like that is something to look forward to later in life when you’re set up and confortable where you are...
Well that’s just my opinion.
Cameron McNair Hi Cameron, I fully understand your point and agree. But I have done things right. Me and my partner bought our fist property last year, and pay our mortgage comfortably. Like I said though I do agree with you. A lot of people are committing themselves to finances that they don’t need when they should be saving for a house. But I have been saving for a very long to get my property and the time was right to get something I wanted
Unless the market dumps again. Credit default swaps are high again, we might be looking at an economic slow down.
but buying your own house is a liability.... all it does it take money out of your pocket it doesn't put money into your pocket, believe it or not it's probably cheaper to rent your property (get the council to do repairs,etc) and even to finance your car.. then used your saved up money into putting down mortgage deposit on a different house and then renting that out (positive cashflow, money goes into pocket) or you can use it to pay for the house you rent... and live in a free house 🤔.....
Fairplay lad, for 20 years old (20 at the time) you was doing well for yourself. Seem very financially independent 👍
Appreciate it dude! Thank you
You are completely right about the garage situation.... Apparently there is more chance to ding your car getting it in and out of the garage every day so insurers seem to not like that. I said mine is on my drive all the time and it brought my premium down.
Im looking at buying an F80 M3 at 21 and ive been quoted 2.8k with my mum on the policy. You did get a hell of a deal!
JayJay2244 but.... the m3 is a monster!
Thanks a lot real help. All the best with your work.
Glad it helped
Hi.thanks for your video today. Just wondering what your Insurance cover exactly is, as My last new 1 series, I was covered for the first two years if stolen or written off, I would get new for old. So I did not need to have the Gap Insurance the dealer try’s to sell you....
I’m 21 and have a f21 m135i with 1 year no claims and a previous minor accident claim, I found putting both parents on the insurance bought the price down a lot for me, currently paying £2600 annual payment
how tf?
I bought my M140i in October 2016 when I was 24. I've always used admiral multicar with my parents cars too, I found direct line was actually cheaper for the first time, £820 in total with both of my parents names too. They said it would go down a lot in year 2. Insurance is always dearest in the first year of your car ownership apparently 😄
I'm 19 and pay £3000 for Nissan Micra 1.2 with black box what a fucking joke
I get all the same questions as I got my M140i at 19, equally surprised at insurance cost - mine was just a touch more than yours
i mean i feel like your lying
You're the man bro I appreciate this topic 💯💪🏾 I had to subscribe
Rubs Krubbi thank you man!
I drive m sport 120D and I am the main driver who is 26 years old with 2 years NCB but my insurance is still £500 more than yours. When I put my dad on my insurance who has 10 years no claim the price went up to 2k lol .. so I guess it depends on the area you live in which kinda does make a big impact on your insurance
You do realise that however you pay for the car, whether it be cash, PCP, HP you still loose money in depreciation, so to say I don't see 'I don't see the point in buying cash' is a bit silly. There are advantages & disadvantages to all 3 but the main reason people finance is because it allows them to buy a car they cant really afford to buy. PCP/Lease rates etc are all based on a cars depreciation so essentially your just paying the depreciation as you go rather than take a one off financial hit when you sell. I personally buy my cars outright (because I can) as I don't want to have a fixed monthly payment or mileage restrictions but each to their own...
Yes that is very true. But you will lose far more money in depreciation when buying a car cash unless it goes up in value. This Particular car is 0% finance as well so it suits me very well. But for someone who is planning to change their cars often I think a PCP is better. Each to their own though. What ever suits an individual best is what they should do
That's not True. A car doesn't depreciate faster if you pay cash! A like for like car depreciates at a certain % regardless of how you pay for it, and I have got some huge discounts being a cash buyer, way more than I could possibly get buying on finance, even with 0% deals. Don't get me wrong, there are some cracking deals out there, but they are usually based on list price or minimal discount, so in some cases (not all) some people may be better to borrow the money from a third party such as a bank and go in a cash buyer. This put's you in stronger position to negotiate a hefty discount, even paying the bank's interest rate it can work out cheaper than a 0% interest PCP deal due to the up-front saving. I'm not saying their is anything wrong with HP/PCP, i'm just saying you don't lose more money buying cash otherwise I would go down the finance route myself and keep the cash in the bank...
To add to K Mack, with a 36 month finance deal you're also tied down to paying the car off for 3 years, whereas if you buy in cash then you can sell it the next day and go and buy another one. Not really sure where you've got the idea that finance is better for people who want to change their cars regularly, when I've bought cars and sold them a week later by paying in full in cash and you're tied down to 3 years of payments for it
financing cars is much better, because the opprotunity cost of the cash you didnt pay can go into other investments to make you money passively. By paying up front in cash, you have no opprotunity for passive income
Nope. While you're saving up to buy a new car in cash, eg. putting aside £200 a month into a savings account, you can put other money into other investments just like if you were paying a finance company £200 a month. The difference is, you EARN interest on the money you're putting into your savings account then pay the rrp for the car in cash. Whereas with finance, you're PAYING interest on top the cash you're giving to the finance company so you end up paying more than the rrp for your new car. Both ways you can put extra money into other investments while you're saving up/paying off the £200 a month.
Financing a car is just paying someone to save up the £200 a month for you for the sake of having to have something NOW, rather than saving up for it yourself and earning the interest on the savings by waiting to have the car when you can afford it outright. It makes no financial sense at all, it's just for the "Have to have it right now" people.
Financing also usually means if you lose your job, you lose your car. If you save up and buy it in cash, you can keep the car - if you lose your job while you're saving up for it, you just pause the savings while you get back on your feet. It's a much more financially safe and stable way of living to minimise the risks of debt and repossession
Hello mate what’s your thoughts on running the car in? I picked mine up a couple of days ago and can’t help but put my foot down with only 200 miles on the clock. (Obviously not redlining every journey).
Is it really an issue?
FJKeyworth tbf you should run it in properly just in case. The engines are thrashed before leaving the factory’s anyway
The reason why insurance is cheaper when you put your parents on rather than friends/other family is because your parents are likely to drive it more than other people and are mature as well so will probably drive more carefully. But dont put them on if they have previous for drink driving or any recent points unless it does actually reduce your premium. Another thing you can do is use addresses of your other family members, my insurance went down by £500 just by using an address that was only 1/2 mile away from my house.
Just brought mine at 19 that locked garage thing saved me £500 ish cheers for that🤙🏼
I’m 21 just bought a 18 Plate cupra 300 out right and been driving nearly 2 years, insurance on that with no black box and both parents as named drivers is £3400!!
Bruh how
Why is it cheaper to add another driver on to the policy ?
nice video man. Do you think its sensible to buy a car on finance with a student maintainance loan as it doesn't get used up much for me? It's around 7k a year
thanks
If your just getting that and not spending it then why not haha!
Top 8 I wouldn’t buy it out right with that money. Keep some of it and put a small deposit down to finance
Yeah appreciated :)
I'm in uni, work 35 ish hours a week and get student loan. Got an M140i a few weeks ago. I work to pay for the car, save the student loan
Another good video mate but we still want to know how much the monthly’s are lol.
I’d guess with a £500 deposit you’d pay £345 p/m
dlite1972 haha thank you man. But my previous car was in 4K negative equity hahA
Jesus 😂
I’m running a 118i and it’s a good car but really want more power.
Plus that thing returns a partly 34 mpg around town.
The reason I bought it was for the fuel economy so I’m not a happy man.
Where are all the good deals on these 140i.
I priced a used 135i last year and with a £1000 deposit it would still cost me £345.
Want to hire purchase this at the age of 19 on a 48month contract for around 680 without insurance a month. £449 deposit. Works out cheap. 9-5 job. Any advice?
Awais Manzur 680 a month is a lot for an m140i tbf
What camera do you use? Nice vids
Peter Couzens thanks man and a Nixon 3300
Good vid. Do you know if this model has the Auxiliary Heating option that is available on the 4 series? Would be handy this time of year with the icy weather.
How long have you been into trading an how did you get into it? Also what do you think of these pages on Instagram trying to sell people signals?
Brissoboy4 a few years now mate. And I wouldn’t waste my time with them trust me
REAL TORQUE oh right did you get straight into car sales from leaving school too?
Brissoboy4 no mate
Can you review more hot hatches
That’s not what causes the increase in price for having a car in the garage, the added risk of damage to a car when going in and out the garage is along with the repercussions of your car damaging the garage (say your car caught fire one night and burned the garage/ house down)
The named driver bit is the best way to reduce insurance prices, im 19 with the 3 series and insurance was around 3500, but when I put my dads name on the policy it went down to 1500
SB R thinking about doing the same...but what if you/I cause an accident, no matter how small? Dunno..
SB R which 3 series model? i was looking for 318 (its cheaper than 320) but then everyone says 320 is sooo much better and now my insurance as named driver is £2600
@@kingborat8696 I want either a 318 or 320 D for my first car.. I'm 24.. but u.k insurance is straight up extortion.. basically want organs as downpayments.. but I love both the 318 and 320
@@chadwinfield9562 bro get 320 or else you will regret getting 318, end the end i got 2015 lci 320d m sport plus with 20k milage and £1700 insurance from LV no black box, age 22, with 1 yr ncb, no additional drivers
@@kingborat8696 is that in the u.k?... and yeah I think I'm going to.. plus I love the saloon look.. but I'm also starting to like the estate shape.. just the insurance is crazy here.
Your the policy holder for 1300!?? That’s insane. Makes sense if ur a named driver under your mum. But if you’re the policy holder then wow! What a deal. Start racking up those NCB
Shimmy Morris if the car is in your name and the policy is in someone else’s name it’s invalid insurance had this problem before
As long as you drive the car 'less' than the policy holder, you'll be fine ;)
Yeah, but insurance companies can get...P135s...(?) and ask your neighbours etc who drives the car the most. They aren't stupid.
kaptinkeiff they will not ask your neighbours you mug
In the event of an accident, they are allowed to get a certain form of permission in order to ascertain who drives the car the most, if they suspect fronting. This isn't for a normal case where nothing happens, "you mug".
Say you lose it on a corner, crash into a car and seriously injure all 4 occupants. Millions in damages. Let's say you were fronting, and they are able to find out. Guess who will have to declare bankruptcy?
"For very large claims, the insurer can justify spending more time and money on these investigations and can look into things such as statements from neighbours/friends/colleagues regarding the vehicle usage. CCTV footage might also be examined."
www.lovemoney.com/news/4217/this-lie-could-cost-you-thousands
never trust anyone who wears high top Air Force...
stanley mason 😂😂😂
If you don't mind me asking how much do you pay a month.
M11 R around the 400 mark mate
@@realtorque is that car and insurance?
What sort of mpg do you get just around town/short journeys (driving reasonably)?
Joe Ayres easily 25mpg +
REAL TORQUE thanks, I've had a few test drives and I love it but I don't do many miles so it's to justify spending the money. For me it's a toss up between the A45 AMG and the m140. What do you think?
Joe Ayres don’t get me the wrong the a45 is smashing car and its launch control system is incredible. But bang for your buck and smiles... it’s definitely the m140! Also the a45 may be quicker off the line, but trust me, when rolling the m140 is Insane
REAL TORQUE I'm glad it's not just me that thinks that. I test drove the A45 and it sounds awesome and looks great with the aero kit. But it was just too firm, jolty gearbox and it didn't feel as responsive as the m140. The AWD would be handy where I live. How is the m140 in terms of grip on wet roads? I have a 120d and I've always been shocked at the levels of grip for RWD
Joe Ayres the grip is ok haha
Hi another great video and your BMW is great 😀👍
Whats the watch your wearing?
I guess when you arent paying a mortgage its pretty easy to afford the monthlies
Jack Naylor I do have a mortgage fella
REAL TORQUE well that’s far more impressive than having the car should do a video on that! Took me till it was 22 to buy my flat
Jack Naylor I may go a video on something similar yeah
Does the mileage matter on a PCP even if you are going to trade it in for a new one at the end of the contract ?
iBunTheCro that depends. If you’re planning to keep the car after the agreement then no it doesn’t really matter. However if you’re planning to hand it back and walk away, there are mileage charges for anything that’s over your agreed amount. If you’re planning to trade the car, the mileage doesn’t matter either, and you can trade the car in at any time you like, this is when you’re looking for equity in the car, because if you plan to get rid of the car too soon the finance will be a lot more than the amount your car is worth ( negative equity). When the car is worth more than the finance you are then in positive equity which you can then put towards another car and walk away from
Your existing one. You’ll tend to see positive equity in the last year of your agreement subject to you sticking by your mileage
I'm 20, nearly 21, 7 points due to an accident before I passed my test tut tut, got an Octavia VRS and pay £2245 with Sabre.
Casey Dallenger is that a mk1 Vrs ?
Ammaar Aay Nah a mk3 14 plate
Best time for me to insure a car is on a Sunday always works out cheaper for me.
Do you have a blackbox, or is that without?
Brandon Byford without a black box mate
Ahh nice one mate!
Do you really think he’d have a bloody blackbox on an m140i lmaoo
Mustaq Tahmid That’s why I asked aha
Nice vid mate. If you know you're getting rid of the car in 2 or 3 years isn't hire purchase better and cheaper? PCP you have a higher monthly payment due to having the privilege of buying the car at the end of your agreement?
Keith Bartlett no mate I think you’ve got a tad bit confused. PCP tends to be cheaper due to their being a GFV/balloon payment at the end. So that basically means the amount you’re financing over say 36months is less than what a HP would be because there’s less amount to pay over that period. I hope that makes sense haha
Must be different up in Scotland or possibly I am getting confused. There was even a dispatches on the BBC saying PCH was cheaper than PCP. I'll have a look into it more.
Keith Bartlett I know what you’re on about. HP is different to PCH buddy
Keith Bartlett you said if hire purchase is cheaper. PCH is cheaper than PCP but you’re only renting the car
Have a look at my video which explains PCP - I think you’ve misunderstood the process slightly. th-cam.com/video/m9fh1ycgpYk/w-d-xo.html
Insurance is more expensive when you say it's kept in a locked garage cause its more prone to dents, especially if it's a smaller garage. Modern cars security systems are good enough so that they can be left on a drive or by the road with little chance of theft.
Im 19 and got fully comp on a mk7 Golf R for 1200 ;)
Tom Kendell decent postcode?
Bull shit no chance at 19 ur on ur patents too
Lollll get in the bin mate
Tom Kendell you can’t have
how
Funny how me and you both had a Polo GTi, are the same age and do the same job 😂 what manufacturer do you work for?
20 when I got an a250, paid 1200£ on insurance! Second year with it and now paying 900! Plus I’ve seen you about Northwich kidda🤙🏻🤙🏻
Mattex mate that is cheeeaaaappp! And yeah? Small world haha
Yeah man spent ages trying to get them quotes! Might if seen me idk Grey A250 Carbon side skirts and front splitter with red pin stripe :D Will you be at tunerfest?
i'm thinking about getting a car on finance for my first car, maybe like an A3 or a 1 series, is it worth me doing this or just waiting until i've been driving for a year or so?
@Real Torque I’m a new subscriber and really like your personality and videos but my question is;
Why are you so inconsistent with your uploads and upload so irregularly? I’m always checking every day to see if you’ve uploaded but I’m mostly getting disappointed. Do you have a schedule planned or any sort of idea how often you’ll be uploading and if it will be often in the new year
James Byrne Hi mate I appreciate that! It’s just the trade i’m in its very hard to get content out regularly. I am trying to get a video out every 10 days!
How about Leasing any better idea or not? Thanks
Pak Wong leasing is of course great. But you never will own the car. You’ll also get penalised when exceeding you’re mileage allowance. It also a pain when there is damage to the car
Pak Wong if you’re looking to just have the car for 2 years and aren’t planning to keep it. Leasing is always a good option
There was a way round the insurance once soon a time by having your parents as the main driver and you as the second even though you own the car .
This is called fronting and is insurance fraud. Should you have a claim you risk having your policy void and your details loaded to the fraud register meaning you'll have real difficulty obtain any future finance, loans or mortgages
Of course, but I was a thing and im pretty sure people still do it.
I'm 20, got a 235i and about £1300ish to insure not actually sure how much it was, HP for three years with GAP insurance
I have my polo GTI on pcp it's much easier than buying out right
Great informative video keep them up
You never told us who you were insured with! Makes a big difference if they're a specialist
Thanks for the advice bud!
By contract purchase do you mean “leasing”?
footbollpro no buddy, PCP is different to leasing as you have the option to purchase. As well as that the car is in your name
What’s your favourite teacher from Northolt high school
Daniel Rushton haha I take it you go there? Miss Marsh by a country mile!
What is the exact insurer that your with? Can't believe it's only 1300, I'm 20 and ran a quote on a 208 GTI with parents as named drivers and it was over 2000?
Jake Tutton admiral I’m with mate. It’s a weird one, if I kept my GTI and insured it again for this year it was 1.8k, more than the m140! Insurance is a strange one
REAL TORQUE makes no sense does it 😂 it's a bitch
Did you have to phone up admiral and haggle with them abit?
Jake Tutton surprisingly no
I'm 21, driving since 2014. M140i has cost me 1100 to insure, near Swansea
HOW DID I BUY AND INSURE AN M140i WITH VTEC AT 20?
BMW must have some good deals because I hardly ever saw a 1 series on the road but these new ones are everywhere, and I’m talking about the M140i. Maybe they’re getting rid of the RWD platform. Before it was S3 and Golf R that were really common.
In November and December there was a 0% finance deal on the 1 Series :) so a lot sold
Yes - problem now is because they’ve flooded the market with great deals used / CAP prices are shocking. The absolute best offer to buy my May 2017 M140 with 5000 miles and very high spec is just under £23k. That’s over £8k depreciation in 8 months and I got a massive discount! My advice - buy used!
Terry Tibbs I’ve been burnt so many times with mega discounts on new so I’m going a year old from now on!
Terry Tibbs I’m making a new video soon looking at CAP values against depreciation on a PCP and how ridiculous the figures can be. I’m going to compare this with buying nearly new from a supermarket and show that it’s much easier to terminate early this way 👍
Will do. I've been doing quite a lot of work on a few spreadsheets at the moment comparing my deal with say a six month M140 available from a car supermarket. Even with a higher interest rate from the supermarket (they quote 10.9% but I've got them down to 6.9% APR), there's a huge difference. I reckon with this model, you could almost change every 12 months with very little negative equity and that's with a ZERO deposit! It's fascinating reading if you're into things like this. As I say, I got a 25% discount off M140, but I could have put together a put better deal buying a used one.
how does it compare to your gti? thanks
my insurance was £1000 more having it in a garage than on the street funny thing is i actually have a garage and can put it in there... but £1700 on a fiesta st at 19 im not complaining
5yrs NCB, 31yo, rural, low risk area, parked off road, TPFT is still £1240, and that's after plenty of shopping around, so how a 20yo with less ncb gets insurance on an M140i for £1300 I cannot fathom.....good luck to you though.
Personally I just really don’t like the idea of not owning the car at the end of the finance agreement unless you pay the final payment which is usually quite a chunk of cash. To me it’s like throwing money away on renting when you could be paying a mortgage
Great video mate
Im 20 with 1 years no claims and its gonna cost me 4000 for a m140i with no black box just outside of north london, but if I say I live litterly 5 miles away where my mum lives it goes down to 3 grand
cp 2597 I wouldn’t advise you insuring it at a different address. If you were to have an accident it may result in your insurance being invalid
REAL TORQUE na im not going to, just gonna have to take the hit lol quite alot of difference in price considering its pretty much just down the road though, have you got a box fitted?
cp 2597 no mate can’t be having one with this kind of power haha
REAL TORQUE yeah thats what im saying but i do no someone that had one on his m135i believe it or not. Buzzin to get mine 1st of march
Am You going to wrap the M140i if so what colour are you thinking of
Not planning on wrapping it bro
A car being leased/pcp financed isnt really your own car, is like a long term rental, so he cannot do any customizations
Thuarakan SJY you can modify the car on a PCP. If you are returning the car you need to return it to it’s original state first.
REAL TORQUE ohh i see
Hey man, noticed your into trading, something I’ve always wanted to get into, always see these people on twitter claiming to earn you 200+ a week by following their trades through binary etc... Fancy giving me some tips 😉😀
Fezza4u hey buddy the only advice I can give you, is stay away from those accounts. They’re all dodgy. Learn the markets and trade what you can afford to lose. There are courses you can attend, like learn to trade but they are dear. I lot of my knowledge has come from experimenting and TH-cam believe it or not. Just don’t get addicted!
😩 i still want one
AEllis get one haha
If you was as rich as you made out you’d have one 👍🏿
LMFAO 😂😂 I make my self out to be rich by doing diy mods on my own car 😂😂👌🏾👌🏾
AEllis work harder then. Simple
U might be able to afford a 140 at 20....but u can't afford a proper mic....man the sound when your driving is so bad! Lol
Xtiminator hahaha very fair point 😂
The bit where you said having your mum as a named driver rather then your dad, not to sure about that 😂😂
Hahahaha. She was never going to drive that. Bun that 😂
I paid £5k on a vauxhall insignia 2l turbo 160bhp at 19 then blew engine and got a 1 series insuance is such a scam
@Adam Hussain hahaha I loved the look of them and interior so just bought one 🤣
Would you please let us know the deposit and monthly payments you make? It'd make this video all the more interesting to actually know that info. Thanks. P.s good fringe 😎
Omg, pcp + insurace + fuel+ tyres + servicing for that car at 20 = Skint young man
Andy Cummings not really mate. Still have enough to pay my mortgage, bills and put food on the table. Oh and have some left.
Jealous guy. Stop hating and go make bread u prick
can you review your watch please
i literally cant get 1 quote
For someone in sake you know very little! If you have 30k in bank to buy a car you don’t need to talk in and buy a new car as yes you will lose on tax and the big depreciation it takes in its first year or so. But you can walk in and buy a 1-2 year old of the same model and you won’t lose much at all over the 2 year ownership I say maxxx 4K on a M140i and that’s over the top figures! PCP on the other hand your probably paying £350-400 min a month and paid at least a £1000 deposit. Even if your term was 3 years which is the min term to achieve those figures, you would be paying over £4k a year min plus your initial deposit just to basically rent the car! That’s way more then double even triple buying a 1 year old used model would cost youin long run! Now as for people that say why put money into a car! If your going to save yourself over 10k in a couple years doing it, then that’s your answer! As for your terrible advice about putting your details into all kinds of insurance search sites, that’s the worse thing you can do as it will mess up your credit history and other things. Best thing to do is make a new email and make up a name and address local to yours and search insurance sites with those details till you get a good price then return with your real details. This is just one idea of many.
im 23 looking to get 140i gonna be first car for me to be first driver how can i get lowest price live in london getting quotes 8k da fckk
Brother how much is the deposit for this car minimum
Do you have a black box?
Kie Mckenna no mate
REAL TORQUE that’s quality that. love the videos aswell
Great work mate, I’ve worked in sales (recruitment) for a year in the city during my gap year before uni so we’ve both done similar jobs, sales is good fun to be fair 👌🏻
Exhaust-ed it is a good laugh sales. And pays well haha
REAL TORQUE defiantly mate, I remember more than a few good times during my time😂 pays well aswell like you said, paid for my watch which is my most valuable possession (which I didn’t choose btw would rather have spent £20k on a car but it was an incentive) 😂😂
For us that have a lower price bracket, What BMW would you buy on a 10k budget?
Blue Army hmmmm an e46 m3 is always a good shout
135i coupe.
e90 335i, e46 m3, f20
E90/E91/E92/E93 335D/335I
Thanks for all the replies, wasn’t expecting that much food for thought.
have you taken an advanced driving course ????
Another amazing video yet again !!!!. Keep up the good work. It's the guy that I've been talking to you on Instagram 😊.
Thank you man!
140i are cheaper on lease and get huge discounts on pcp .the 120d is more expensive
What got you into cars in the first place?
I've just always loved them. My Dad is the same
Insurance is all about risk. If your mum is added as a driver it spreads the risk to a lower risk driver. If she's driving the car then obviously you're not. However for those who think adding your parents as the main driver. This is called fronting and is insurance fraud. Yes you may get away with it but be warned. If you get caught you risk having your policy void, being held accountable for all third party costs and your details loaded to a fraud register meaning you'll be unlikely to ever get any decent finance again, so no loans, credit cards, insurance or mortgage etc. Drive safe, earn your no claims bonus and be honest
I’m 22 and my insurance on a Mk7 golf Gtd is £3600 🤦🏽♂️
Because your dad bought it for you
My name jef jef yeah of course haha.
my 150k-miler 2003 MK4 GTi costs me £200 a month to insure. it also breaks with the cycle of each moon. I'm 24 with 1 NCB. Insurance is a scam :(
Insurance uses your postcode to. Bad area high risk
It's on finance.. It's not his until every penny is paid, abs even then he's got to pay the rest to keep it
man said I didn't buy it cash because of depreciation, as if he's not only losing money on interest and depreciation throughout the PCP lool
Arti Aliya fun fact mate. 0% finance for one. And secondly the car is now gone and including payments made and negative equity I lost 6k. I think you’ll find if I bought it cash I would have lost almost 10k. That’s a fact as I’ve done it. Thanks for the comment anyway
Make a video on trading