WhiteFSport

Both are good estimates. I was offered a maximum of £19k for my Lexus. I've held back so far on the BMW, there are other options available out there, so I'm going to keep my eyes open for something else. As I said, I'm not in any particular rush, so I'm happy to bide my time and get something that's right for me. There is a very tempting BMW 340i with the PPK on the BMW approved website, but it's a little overpriced.

So the dealership offered me enough to cover my remaining finance (anybody want to guess what I was offered?) and I've sought a potential replacement. Any thoughts? http://www.csfmotors.co.uk/used-bmw-3 series-bury-lancashire-1209814

Not to forget the imminent arrival of a little bundle of joy...I might keep the car till the end of my agreement. Otherwise, I'll look for an alternative and bite the bullet. Currently looking at 2015 BMW 335d XDrive, which looks like a very tempting prospect. But the monthly payments seem too high for it. With those kinds of figures, I may as well fork out on something newer.

Hi dazed, In all honesty, I doubt I'll be buying a new-ish car again. At the time of purchasing this, I could have paid outright for the vehicle but other commitments (mortgage) dictated that I had to take the PCP route. You're right - it is a unsustainable business model. Anything remotely similar to my current car will mean that my monthly payments will increase. As I don't fancy downgrading, it leaves me in a dilemma as to what would be a sensible option. Fortunately, I don't travel many miles to and from work - circa 16 miles round trip. So I can purchase something older, upto 4-6 years older, (saving on the new VED rates) and preferably, something with a bigger engine and more power.

In hindsight, I would have bought a car outright and I think it's what I'll do with my next purchase. I'm not for dealers charging extortionate amounts of money for services either. Mine went in for a service in December and it came to just under £450. Granted, they do a fair bit of work during the service, but Lexus prices are extortionate. This is their way of milking the cow to pay for the fancy showrooms etc. Hi Malc. I paid £7k deposit and I've been paying £350 for the past 19 months. So the total stands at £13,650 at present. I'm not sure how my dealer has done the maths, but to me, that seems like I haven't paid back enough to be in +ve equity just yet. I guess I could recheck with my finance company and see what they have to say about this. As for the vehicle, it's 2 years old with under 27k on the clock. WBAC gave me a value of around £17k (I think) last month.

Hi Ganzoom. I ran a 2016 Audi S3 saloon for a couple of weeks and to be honest, I wasn't bowled over by it. Don't get me wrong, it was really quick, handled brilliantly and wasn't too expensive on fuel. But it made me drive like an absolute yobbo. Personally, I'd prefer something with a big engine. I love the 6.2 C63 AMGs, but I've yet to drive the new one to see how it compares. I'll end up keeping my Lexus for a few months, just to build the equity up. It's in mint condition as it is - all the goodies except the ML sound system and it's only got 26k on the clock with full service history. I don't see myself keeping it until the end of agreement though.

Hello Ganzoom. Although they've taken a bit of a hit recently, the GSF/RCF are a little on the expensive side. If I can be havily persuaded by Lexus to own either of them, I might take it into consideration. But, I think that I'll move away from the brand for a few years and try something new. At the grand old age of 29, I'm on my third Lexus - as lovely as they are, I just fancy taking a ride in something else for a few years. Hi Stevet. I'll paste the VERY short e-mail from my dealer from a few months ago. Your car is worth about £18000.00, you owe or settlement is £18771.66, so not bad at all. £771.66 negative equity. Regards WBAC gave me a valuation of circa £17k last month - don't quote me 100% on that figure, but it was roughly thereabouts. I would have bought a high performance car, but insurance was the problem. As I was getting a great deal on an IS300h (with all of the goodies except ML) it was difficult to say no at the time. Now I'm 2 years older, wiser and with more NCBs, I feel it's the right time to go for something sportier. I've got a quote of £1,300 insurance on an F80 BMW M3, £1,000 on a Mercedes C63 AMG (the 6.2) and I've still to check the quotes for a 2017 Audi S4/S5 or S7, which are the only models in the lineup that appeal to me.

I paid a £7k deposit and got a low APR deal, so I'm only paying £1200 interest. Which isn't bad at all. I'm just a little bored of the car now, so I would like a change. I'm not fully aware of when positive equity can actually be a good thing. Plus, my dealer hasn't called me to tempt me into anything else from Lexus, I did receive a promotional letter about the new facelifted IS300h but it doesn't quite appeal to me. I'm wondering, if I keep the car until the end of term, just how much positive equity will I accumulate? Furthermore, how much equity will be available as a deposit for a change in vehicle? Any thoughts guys? Thanks.

Hola, For those who have previously purchased vehicles on a PCP –this is for you! I bought an IS300h F-Sport for £29k on a PCP. Got a ridiculous APR of 2.9% at the time of purchase, so it was a no brainer. I bought it on a 42-month deal; It’ll be two years in November 2017 since I’ve owned the car and I’m already into positive equity – just. As the months go on, that figure will grow proportionately. I just want to fully understand how this positive equity will benefit me if I was to change my car at the end of my agreed term, or maybe when I’m eligible for an early upgrade – whenever that might be. I’ve spoken to my local dealer and he can get me into a Lexus NX for roughly the same money, but I think I might wait and bide my time so I can build the equity up and go for something else, maybe an RCF or a GSF. So, at what point does positive equity become useful? Muchas gracias.