Hi all - newbie here.
I'm hoping for some guidance based on your experiences if possible.
I've had BMWs for for the last 8 years (116d, M135i and then 320i) and am looking for a significant change. My mileage is low (probably 10k a year) and the ignoring a run from Swindon to Heathrow for a holiday, I don't go very far on a daily basis so the SR+ looks to make the most sense.
My 3 series agreement ends around the start of April and I'm hoping to place a model 3 order in the next week or two but I'm worrying about getting finance approved. Any pcp provider would currently run a check on me and identify the current car agreement which could impact their assessment on my ability to afford the new car. For reference, my current car is around £330pcm and I spend £150ish on fuel a month and my proposed pcp for the Tesla would be £6.5k deposit and it estimates £450pcm - I can charge for free at work so the figures make sense from that perspective and affordability is fine (I'm comfortable as is)
Has anyone else experienced issues with this, or do finance companies take into account 1 agreement ending and another starting?
I've not gone between finance providers before, but I assume this must happen? Sorry, I worry a lot so just wanted to see if anyone had experienced this.
Thanks in advance!
Greg
I'm hoping for some guidance based on your experiences if possible.
I've had BMWs for for the last 8 years (116d, M135i and then 320i) and am looking for a significant change. My mileage is low (probably 10k a year) and the ignoring a run from Swindon to Heathrow for a holiday, I don't go very far on a daily basis so the SR+ looks to make the most sense.
My 3 series agreement ends around the start of April and I'm hoping to place a model 3 order in the next week or two but I'm worrying about getting finance approved. Any pcp provider would currently run a check on me and identify the current car agreement which could impact their assessment on my ability to afford the new car. For reference, my current car is around £330pcm and I spend £150ish on fuel a month and my proposed pcp for the Tesla would be £6.5k deposit and it estimates £450pcm - I can charge for free at work so the figures make sense from that perspective and affordability is fine (I'm comfortable as is)
Has anyone else experienced issues with this, or do finance companies take into account 1 agreement ending and another starting?
I've not gone between finance providers before, but I assume this must happen? Sorry, I worry a lot so just wanted to see if anyone had experienced this.
Thanks in advance!
Greg