hello and welcome to episode three now of the bmw 420i m sport long term review um which is
basically where i tell you about all the things that you don't get to see in a normal short review
so what it's like to live with a car run the car does anything go wrong all that kind of stuff that
you need to know if you actually want to buy one today we're going to talk about numbers we'll talk
about money because this car the price of it with options is 48 925 pounds which is a lot i mean
that really is a lot that's uh that's almost twice actually what the national average salary is so
for a lot of people you think well how could i ever buy that but the reality is that more
than 80 of new car purchases in the uk are now done with some sort of finance so pcp or pch
that sort of thing and the question then really is how much will it cost to have this car on your
driveway or on the street outside per month how much comes out of your bank account every month
and that's what i'm going to find out because you need to pay for the car to bmw you need to pay
that you need to pay the servicing the insurance the fuel all of that but i'm going to find that
out today and we're also going to compare it to how much it costs to run a similarly spec'd
audi a5 coupe which i reckon is this car's biggest driver but before we get on to the numbers the
figures the maths lesson a quick status update cars running well no issues with it i got it
cleaned which is a treat hasn't been cleaned for ages um i've managed to get the seat more
comfortable by reducing the lumbar which is nice because i was getting a bit of discomfort there
um and also one thing that is actually annoyed me i don't know if anyone else has found this but
when you click on the adaptive cruise control and turn that on it still gives you a warning message
about it not quite working as planned so yeah if you've found that then let me know but otherwise
without further ado please subscribe to the parker's channel turn your notifications on
and yeah let's let's do some maths lovely so maths lesson coming up if you don't like
numbers then i'm sorry i'll try and make this as easy as possible but this is basically going to
explain how much it really costs to run this car and how much comes out of your pocket every month
and actually when i say this car this is a 420i m sport but with a lot of options on it and
we're going to do this test this calculation without options because that makes things a
lot simpler so it's 4 20 i m sport with no options at all and the cash price for that
is 40 465 pounds if we were to use bmw's select pcp finance program to pay for this car
then we have say a deposit of 4 000 pounds we do 10 000 miles a year that's the agreed mileage
it's 36 months terms for over three years and the interest rate from bmw is 2.9 apr now because bmw
are nice they'll also give you 1 173 pounds to buy the car that'll be a deposit contribution which is
basically free money and it's to incentivize you to buy it or use the finance obviously
and actually sometimes if you have a really low interest rate and the deposit contribution is high
enough you can actually end up paying less for a car on finance than you would if you bought it in
cash but not in this case because the interest is a bit higher and the deposit contribution actually
isn't that high but anyway with all those figures that i've just mentioned this car works out at 539
pounds a month with an optional final payment of thousand eight hundred and sixty-five pounds
the total sum due is forty two thousand seven hundred and twenty one pounds which is two
thousand two hundred fifty six pounds more than if you'd paid cash but obviously paying for the car
giving bmw money for it is only part of the story when it comes to running a car
on the road so you need to think about things like insurance and for that for that purpose i am using
my alter ego to get quotes i'm ken dennis i'm 40 years old i live in peterborough a nice house
park my car on the street got a clean license 10 years no claims
and i use it for social domestic pleasure and commuting and the result is 540 pounds
annually or probably a little bit more actually if uh you paid it monthly fuel you need to put that
in the car obviously um i've taken the 39 mile per gallon real world average than i'm getting
from this car and calculated that over 10 000 miles using the average price for petrol in this
country and that comes to 1462 pounds a year so divide that by 12 obviously for your monthly cost
servicing this is a bit of a movable feast but the best i can do is 25 pounds a month on bmw's
servicing plan um so 300 quid a year although i don't think you need to pay that over the full
term because this car doesn't need servicing as much as they used to because it's nice and modern
and finally road tax first year is included in the price of course but this is a new car
but from year one to five because it costs over forty thousand pounds there's an expensive car
surcharge which means you'll be paying 490 pounds per year after the first year and up to year five
so all that in mind including the 4k deposit the first year of running this car as long as
nothing goes wrong will cost you 12 800 pounds while the second and third year will be 9 300
pounds each and that's probably the more important figure because the deposit can confuse things so
9 300 quid each for year 2 and 3 is 780 pounds a month that 780 pounds a month is the magic figure
that's what i'll leave your bank account to run this car with fuel tax servicing insurance and
also paying bmw that's how much it's going to cost you and of course that sounds great it might sound
very expensive it might sound great but how does it compare to key rivals well i've picked out the
audi a5 in s line 40 tfsi spec because that's the equivalent to this is the sporty trim and
it's the 2 litre petrol engine and without options the cash price for that is 42 965 pounds but if we
use finance so we use the same 4k deposit as the bmw 36 month term 10 000 miles a year the interest
rate from audi is 3.1 apr but they will give you a nice chunky 5 000 deposit contribution which
i think actually is a saving they've worked out by giving you a lower interest rate on
the first few months but anyway that's how much free cash they're essentially giving you however
despite that it still comes out at 96 pounds a month more than the 420i at 635 pounds a month
the final balloon payment however is cheaper at 16 052 pounds now of course running costs
um i haven't got a real world mpg figure for the audi but let's say it's the same as the bmw that's
probably not gonna be unfair so 146 pounds a year tax is the same because it's over 40 grand cash
price insurance similar 52 pounds a year less than the bmw and servicing i reckon is about 35 pounds
a year less than the bmw so all in all that comes to 13 880 pounds for the first year of ownership
in the audi and then that drops to 10 250 pounds for the subsequent two years or the figure for
monthly payments is pounds a month for year two and three and of course that's 70 quid more
than the bmw for the final totals that's 31 400 pounds for the bmw and 34 400 pounds for the audi
if you hand them back after three years which of course you can do with pcp car finance if you
complete the purchase however the gap narrows to forty nine thousand three hundred pounds for the
bmw and fifty thousand four hundred pounds for the audi so think of it like this if you really
want the audi and you're going to buy it out right it's only 100 quid in it over three years
however if you're going to hand them back there's about 3 000 pounds in it so really think carefully
about that take away for the bmw of course is that well it's competitive there's no reason that you
shouldn't buy this if you like it and you're not going to get ripped off because that's pretty
much the going rate it actually comes in at less than the audi for cash and for the monthly price
um so yeah it's good news there if you want a four series so there you go that's how much it'll cost
to run and pay for a 420i over three years and the good news is it works out pretty well especially
compared with its biggest rival the audi a5 coupe now for our next long term video i'm going to
get into the car and rate every single one of the option packs that you can get with
the 4 series so you'll know whether they're worth getting what exactly you get for them
and what the equipment brings to your ownership driving experience so don't forget to tune in
for that and also subscribe to the channel turn your notifications on and we'll see you next time
you