The UK will follow Germany as the next European country to get BMW incentives designed to attract drivers of older diesels into buying cleaner models.
Confirmed by BMW following its announcement of the scheme to German customers, BMW drivers of Euro4 and older diesels from any manufacturer a grant of up to £2000 for the purchase of a low-emitting BMW or Mini vehicle.
Models they can trade up to include full electric cars such as the BMW i3, plug-in hybrids such as the 225xe Active Tourer and Euro6-compliant models with CO2 outputs of below 130g/km. The scheme will run until 31 December 2017.
The company intends to expand the initiative to include several other countries in Europe, following its advent in Germany and now its extension to UK customers. A BMW spokesman explained that the incentive would also help to convince customers into alternative powertrains; the current uptake is slowed by customers' fear of the unknown surrounding the comparatively new EV and hybrid technologies
It was stressed that the scheme is not a scrappage scheme; what happens to the cars traded in is decided on a case-by-case basis, with only the lowest value being taken off the road, but BMW is looking at "the best way possible" to dispose of the trade-ins. It would then be up to individual retailers what happens to the other cars.
BMW has recently issued a voluntary service action for some of its diesel models to issue them with new software that it claims will reduce nitrogen oxide output. BMW chairman Harald Krüger said diesel remains important in the fight to lower global emissions, despite pressure on the fuel type following Volkswagen's Dieselgate.
“State-of-the-art diesels will definitely play an important role in future mobility,” Krüger said during a recent BMW conference call to shareholders. “Modern efficient diesel engines ensure lower CO2 emissions.”
The BMW group has sold more than 50,000 electrified cars around the world so far in 2017; it's expected that the move will prompt a sharp increase in the models' sales.
Competitors Volkswagen and Audi have also announced similar schemes, which started in Germany but are now also offered to UK customers.
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Ford giving away £3,250 cash on Mondeos.
On all Mondeos in August and you don't even own a Euro 4 car. But you have to test drive one otherwise it's £500 more. e.g base Zetec £21,945 offer to Retail buyer :- £19,195 CASH
Just shows what a lousy offer £2,000 is on £25,000 plus BMW
How many times do you have to
How many times do you have to be told that this offer is IN ADDITION to all other offers before it goes into your head ?????
Obviously more for you to understand
£2,000 is nothing and will be lost in the offer, look at Ford's offer of £3,250 to understand how this discount on certain trade-ins on certain BMW's is. Let me know when you understand how little this offer is (<8%) Reading the other posts of other people might help.
Good offer, charity from BMW nope
I was offered nearly 12K
I was offered nearly 12K discount on a new 435d if I go on pcp or 8k for cash. so 2000 on top is still a fantastic news for me. Besides even if it is less than a ford Mondeo as you say I know which car I will buy.
About Tesla we all have to wait and see their built quality on the long run plus in my eyes its looks aren't that great. I would go for I-pace rather.
Having said that going to the dealers next week to talk about the new Velar ;-)
I was offered nearly 12K
I was offered nearly 12K discount on a new 435d if I go on pcp or 8k for cash. so 2000 on top is still a fantastic news for me. Besides even if it is less than a ford Mondeo as you say I know which car I will buy.
About Tesla we all have to wait and see their built quality on the long run plus in my eyes its looks aren't that great. I would go for I-pace rather.
Having said that going to the dealers next week to talk about the new Velar ;-)
xxxx wrote:
I'm going to have one more go at correcting this chap, as his understanding of this incentive doesn't represent reality. At the beginning of this quarter (July), weeks before this scheme was introduced BMW offered £4000 deposit contribution (discount in another word) off 320d M Sport saloon, along with 2.9% APR finance and whatever discount you could negotiate, say 9% or roughly £3000 as one retailer was advertising. Say you drive a 2004 VW Golf TDI which for arguments sake has a CAP Average p/x value of £1000. Now if you walk into that retailer today you will get that £4000 AND the 2.9% APR AND the £3000 discount AND the £1000 for your part exchange PLUS now an ADDITIONAL £2000 becuase your Golf is EU4 or older. That's £2000 MORE than you got a month ago, the discount hasn't gone down, the other offers haven't changed, the part exchange is still the same, you are £2000 BETTER OFF if you were buying a BMW or a MINI than you were before. FACT. You may well get £3250 off a Mondeo and I am sure you will be perfectly happy with it, but here I present to you £9000 off a 320d and you will probably get a better deal than that.
N.B. The quarter 3 offer on 320d M Sport is better than Q2 or Q1 before anyone suggests that BMW have reduced discounts in anticipation of introducing this scheme.
veedubya wrote:
You've discovered how thick that twerp 4x is. Personally, I detest electric cars and consider them an abomination, but I can see that it is a genuine reduction on the price of an i3 (I know your discount applies to Euro 6 diesels also). That clown, though, is so obsessed with wanking over his/her yankee friends (whose name he/she cannot even spell, however much he/she claims to love them), that nothing will convince him/her of the merit of anything a competitor to them does.
I have an old euro 4 diesel,
I have an old euro 4 diesel, and was just thing to look at an i3. I could afford a second hand one for about 15k. That just about gets you one of the models so this is a great idea.
Or let me guess - you have to buy into a PCP never own you own car con that will cost hundreds of pounds a month . Or buy a new one that I can't afford because so the 2k discount is no help at all, which is of course why i am driving an old euro4 diesel in the first place.
Please tell me this applies to used vehicles too.
Gosh, 8% discount on a new £25,000 car
So basically BMW are giving you a £2,000 grant on a £25,000+ car if you trade-in your euro 4 diesel (for £1000 less than they would’ve anyway probably). Opposed to you getting a £4,000 discount for cash or just plain haggling.
Nice one BMW, charity really does begin at home
xxxx wrote:
BMW are giving £2000 IN ADDITION to whatever the part exchange value would otherwise be, e.g. if the car is worth £4000 you would get £6000 under this scheme. The customer also qualifies for all incentives and discounts that would normally be available. And for any clever git out there who thinks the dealers will undervalue the part exchange, BMW have explicitly told the network that they will lose the £2000 support the customer has been given if the car is not valued at a minimum industry standard level
Where does that leave cash, finance or petrol buyers then
Sorry but there's always deals to had and offering around 8% discount "for a limited period" is all to common these days and doesn't amount to that much (dealers always offer a high trade in price anyway but then you have to pay a high price for the new car, 8% saving will just get lost). A euro 4 owner might be bettter off by a £1,000 but at the end of the day it's just a VERY limited offer. If it was that great imagine how cash, petrol owners and 'buy on finance people' would feel about subsidizing Euro 4 owners.
I'd be surprized if there'd be that many Euro 4 diesel owners (pretty old tech these days) that would be in the market for a new £25,000 car anyway.
With the Model 3 and next gen Leaf heading to Europe soon'ish it's the very least they can do to shift the slow selling i3, and they know it.
xxxx wrote:
I think you may have misunderstood. The £2000 is in addition to ALL other offers; if you could negotiate 5, 10 or 15% off last week and get £4k for your swapper you will still be able to negotiate the same and get the same for your car but you will have an additional £2000. Whichever way you try to be negative about it the customer is £2000 better off. No arguments. I gave a customer today over £2600 discount, a further £2750 deposit contribution towards his 4.9% APR finance, £600 for his battered Y'reg 5 Series PLUS the £2000 allowance. The 1 Series he bought was about £27000, that's over 27% in incentives.
xxxx wrote:
I d have an i3 with an uprated battery over a Model 3 any day.
Fair enough
There's plenty of them as BMW are having problems shifting them, there's over a years waiting list for a Model 3