USED / NEARLY NEW BMW 116D SPORT 3-DOOR HATCH £15600 @ Lookers
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USED / NEARLY NEW BMW 116D SPORT 3-DOOR HATCH £15600 @ Lookers

126
Found 16th Feb
This is a 4 year PCP deal which might not suit some people, however it appears to be very keenly priced.
List price new is £23,715 OTR discounted to £15,600 which is a 34% discount.
£229 deposit and £229 per month @ 8,000 miles, excess mileage is only 5p/mile.

Oh by the way it's a BMW so quality build/ great engine/drive.
Total amount payable cash up front £15600.00
Total amount payable with Finance £18,312.04
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andywedge7 h, 45 m ago

Can you pop a link in where it says that please? I can only go off what …Can you pop a link in where it says that please? I can only go off what the website says and it does say the total amount payable £18,312.04 rather than £15,600


Everyone has the automatic right to withdraw from the finance within 14 days with no penalty. You only need to pay the interest per day you've had the car, and obviously the full outstanding capital (I.e the cash price of the car). The TAP figure includes interest, which you don't pay if you withdraw within 14 days.

This is the same for all PCP or HP loans, or for that matter personal loans. It's CCA regulation. I've bought 2 cars this way. Take the free dealer contribution, take the free servicing that comes with the finance, get home ring the finance company and cancel the loan. No penality.

I know CCA regulation inside out for my job.


EDIT: Here is a link to section 66A of the CCA

legislation.gov.uk/ukp…66A
Edited by: "trickytree1984" 17th Feb
andywedge6 m ago

Can you pop a link in where it says that please? I can only go off what …Can you pop a link in where it says that please? I can only go off what the website says and it does say the total amount payable £18,312.04 rather than £15,600


Every man and his dog ( apart from you it seems ) knows how these finance deals work.

£15,600 minus £229 deposit is £15,371 on finance, you simply pay it off straight away and do not incur 4 years @ 6%
benz1ne4 m ago

I read the comments, It's a great deal if you can go and pay upfront. Do …I read the comments, It's a great deal if you can go and pay upfront. Do you work for Lookers or something? Stop being so defensive. Seemed too good to be true thats all!


I actually work for BMW, that's how I know this is a stonking deal
Muffboy is right. You have 14 days cooling off period from taking up car finance (starting the day you collect the car) to get out of the finance without penalty (just pay a daily interest rate for every day before you request settlement, about £4 a day in this cae).

So if you buy a £20k car with £2k deposit contribution from the dealer/manufacturer, your settlement is effectively £18k, they cannot pull their contribution back. You do have to have the money waiting in your bank to pay it off. People do it all the time (including me), the dealers would rather you didn't know about it because they won't get their kickback from the finance company if you do.
126 Comments
can you actually just go and buy one at the £15.600?
Total amount payable is £15,600, mods please stop changing my post.
For a little more why not grab a M140 model
Edited by: "Billythebubble" 17th Feb
muffboy5 m ago

These are pre -reg, you can buy with or without finance, even if you have …These are pre -reg, you can buy with or without finance, even if you have to take the finance option to get the price you can pay it off immediately. The mods keep changing my headline price to include the finance cost which is incorrect, hence £15,600 is the price!



I'm seeing 'On the road cash price£15,600.00' but you have to pay monthly, hence the credit, making the total amount payable £18,312.04 with an Optional Final Payment of £7,057.44.
I don't think you can hand over £15,600 in one lump sum.
So the balloon payment is £15600 - (229x49) = £4379??
andywedge1 m ago

I'm seeing 'On the road cash price£15,600.00' but you have to pay monthly, …I'm seeing 'On the road cash price£15,600.00' but you have to pay monthly, hence the credit, making the total amount payable £18,312.04 with an Optional Final Payment of £7,057.44.I don't think you can hand over £15,600 in one lump sum.


You can pay off the credit immediately as I have stated previously, hence price is £15,600
gazdoubleu1 m ago

So the balloon payment is £15600 - (229x49) = £4379??


The link takes you straight to the deal
muffboy4 m ago

Total amount payable is £15,600, mods please stop changing my post.



33277076-rcFL5.jpg
muffboy2 m ago

You can pay off the credit immediately as I have stated previously, hence …You can pay off the credit immediately as I have stated previously, hence price is £15,600



Can you pop a link in where it says that please? I can only go off what the website says and it does say the total amount payable £18,312.04 rather than £15,600
andywedge4 m ago

Can you pop a link in where it says that please? I can only go off what …Can you pop a link in where it says that please? I can only go off what the website says and it does say the total amount payable £18,312.04 rather than £15,600


Looks like if you paid cash its £15600 as theres no fee, if u did monthly payments it totals at £18312
andywedge6 m ago

Can you pop a link in where it says that please? I can only go off what …Can you pop a link in where it says that please? I can only go off what the website says and it does say the total amount payable £18,312.04 rather than £15,600


Every man and his dog ( apart from you it seems ) knows how these finance deals work.

£15,600 minus £229 deposit is £15,371 on finance, you simply pay it off straight away and do not incur 4 years @ 6%
Muffboy is right. You have 14 days cooling off period from taking up car finance (starting the day you collect the car) to get out of the finance without penalty (just pay a daily interest rate for every day before you request settlement, about £4 a day in this cae).

So if you buy a £20k car with £2k deposit contribution from the dealer/manufacturer, your settlement is effectively £18k, they cannot pull their contribution back. You do have to have the money waiting in your bank to pay it off. People do it all the time (including me), the dealers would rather you didn't know about it because they won't get their kickback from the finance company if you do.
muffboy14 m ago

Every man and his dog ( apart from you it seems ) knows how these finance …Every man and his dog ( apart from you it seems ) knows how these finance deals work.£15,600 minus £229 deposit is £15,371 on finance, you simply pay it off straight away and do not incur 4 years @ 6%


Is it possible to do this deal on a conservatory as this would grab my attention, but only in october if the weather was right. Interest rates permitting obviously.
Great deal. Shame about the £140 tax.
There is no finance deposit contribution at all on this deal.

It's £15,600, but there is a finance example to help buyers on the page - no need at all to take the finance.
VanDutch17 m ago

Great deal. Shame about the £140 tax.


That is the standard price for all sub-£40k, non-electric cars now.
monkeyhanger7524 m ago

the dealers would rather you didn't know about it because they won't get …the dealers would rather you didn't know about it because they won't get their kickback from the finance company if you do.


There is no 'kickback' on deals with an FDA/deposit contribution (maybe £100 'admin' fee or so).

The reason manufacturer's offer these is to encourage people to take PCP, as statistically buyers are far more likely to buy another car from the same brand.
Great discount this. Could probably buy it and make a profit on it easily. Won't loose 34% just because it has one owner. Would be hard for any lease deal to beat this. But will keep a look out.
ezzer7212 m ago

That is the standard price for all sub-£40k, non-electric cars now.


I'm aware of that - just a shame considering it's such a low emission engine.
VanDutch2 m ago

I'm aware of that - just a shame considering it's such a low emission …I'm aware of that - just a shame considering it's such a low emission engine.


Yeah, I think BMW tell the truth too, unlike some of their fellow countrymen
Pic is of 5 door.
So if I phone lookers in the morning, will there be any dealer in the country that will let me buy this car outright for the cash price (otr) of £15,600?
If there is please let me know as I will genuinely buy it. I just don't want to get conned with finance or the hassle.
How much for a 5 door model? wife is due a new car in november
It's £15,600 plus the final payment, the £15,600 is the 4 year agreement, you then swap agreements or pay the £7k to keep the car... unless I'm mistaken.
'Optional Final Payment' - Keeping the car for 7k being the option.
benz1ne4 m ago

It's £15,600 plus the final payment, the £15,600 is the 4 year agreement, y …It's £15,600 plus the final payment, the £15,600 is the 4 year agreement, you then swap agreements or pay the £7k to keep the car... unless I'm mistaken.


You are mistaken
The cars are “under 6 months old and low mileage” so not a new car according to the video on the website.
benz1ne4 m ago

'Optional Final Payment' - Keeping the car for 7k being the option.


Please read the detailed comments about the deal before passing incorrect comments yourself
Pvfc12345678901 m ago

The cars are “under 6 months old and low mileage” so not a new car acc …The cars are “under 6 months old and low mileage” so not a new car according to the video on the website.


They are pre - reg delivery mileage, I have phoned them earlier today to clarify, hence my post
muffboy4 m ago

They are pre - reg delivery mileage, I have phoned them earlier today to …They are pre - reg delivery mileage, I have phoned them earlier today to clarify, hence my post


Shame they don’t do the 5 door version or if of been taking them up on this offer
muffboy7 m ago

Please read the detailed comments about the deal before passing incorrect …Please read the detailed comments about the deal before passing incorrect comments yourself


I read the comments, It's a great deal if you can go and pay upfront. Do you work for Lookers or something? Stop being so defensive. Seemed too good to be true thats all!
Edited by: "benz1ne" 17th Feb
benz1ne4 m ago

I read the comments, It's a great deal if you can go and pay upfront. Do …I read the comments, It's a great deal if you can go and pay upfront. Do you work for Lookers or something? Stop being so defensive. Seemed too good to be true thats all!


I actually work for BMW, that's how I know this is a stonking deal
muffboy5 m ago

I actually work for BMW, that's how I know this is a stonking deal


Agreed, absolute bargain. It's not a national deal is it? She mentions 'Knights and Bluebell' on the video which is in Crewe? If you look at the deals on 1 Series on the site, the price difference for the same model is a lot more.
Knights were in North and South Staffordshire, they bought out Bluebell Crewe last year, not sure if they are now all under the Lookers umbrella?
muffboy1 m ago

Knights were in North and South Staffordshire, they bought out Bluebell …Knights were in North and South Staffordshire, they bought out Bluebell Crewe last year, not sure if they are now all under the Lookers umbrella?


Maybe they have excess stock in those selected garages, hence this deal... I still might give them a call and see what they have in stock.
If I buy it online, can they deliver?
diesel vehicles will be worthless in a couple of years
termite36 m ago

diesel vehicles will be worthless in a couple of years


Why (I've been trying to research but all I see is rumours). Genuine question
can i part ex my old diesel under the scrappage scheme with this?
It's certainly a decent price. Saying that though, it's really not a good time to be buying a new diesel car, when diesel fuel prices are set to rocket over the next few years in a bid to dissuade people from buying them. It has even been suggested that a scrapage allowance may be put in place within as little as 5 years!

Don't stone me, it not like it's my idea. Just something that I believe will be happening over the next few years (fuel price wise I mean).

Voted Hot by the way OP
Edited by: "Dekard97" 17th Feb
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