Do I hold fire on a car change?

[bangkoksaint]

A few weeks ago I did a deal with a dealer for a 12 month old petrol 3 series M Sport Touring - I put a deposit down. It’s specked with professional nav, extended storage, extended lighting, enhanced Bluetooth, a panoramic roof and an electric tow bar. It appeared pretty good value at around £23K for what was a £40K motor last year. Time it appears like a good deal for a highly specked car.

 

Due the virus I’m waiting to take delivery am wondering if prices may come down further. Also does anyone have any idea what sort of economy I’ll get on mixed driving - I do around 12,000 miles a year.

[swannymere]

I think it depends on how long before you change again, if you're keeping it for 5 years i think the loss you incur will be less painful than if you're going to change in the next 2/3 years. According to a few motoring journalists there has been upto 30% oversupply of cars in the last couple of years and the market was due an adjustment. Worth looking at

[buctootim]

A few weeks ago I did a deal with a dealer for a 12 month old petrol 3 series M Sport Touring - I put a deposit down. It’s specked with professional nav, extended storage, extended lighting, enhanced Bluetooth, a panoramic roof and an electric tow bar. It appeared pretty good value at around £23K for what was a £40K motor last year. Time it appears like a good deal for a highly specked car.

 

Due the virus I’m waiting to take delivery am wondering if prices may come down further. Also does anyone have any idea what sort of economy I’ll get on mixed driving - I do around 12,000 miles a year.

 

Seems like an average kind of price - neither a great deal or a rip off. Quite a few similar on autotrader.

https://www.autotrader.co.uk/classified/advert/202003168496954?postcode=bn68qb&advertising-location=at_cars&onesearchad=New&onesearchad=Nearly%20New&onesearchad=Used&make=BMW&sort=relevance&year-from=2019&radius=1500&fuel-type=Petrol&price-from=500&model=3%20SERIES&year-to=2020&body-type=Estate&page=1