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Martin

Bargain BMW?

I've just had a look on the CD Auction website and 'my' 520d is up for £7,700.    

It's got the highest mileage by far, you can see why people have had to give their cars up, there's a 10 plate 120d SE auto convertible with 16,000 miles!  

CD are offering all the ex company cars to employees before putting them through the auction.
gonnabuildabuggy

Is £7700 the buy it now or starting price?

As I've said before, when I worked for HRG the mileage rate meant all the high milers opted out and those with company cars drove them to head office and back mainly.
Martin

It's the buy it now price as far as I know.
Racing Teatray

Is that good?
Martin

I don't know, seems a bit steep to me for a 5 year old car with 133k miles on the clock.
PG

Martin wrote:
I don't know, seems a bit steep to me for a 5 year old car with 133k miles on the clock.


My first thought was [incredulous Yorkshire accent] "how much?".[/incredulous Yorkshire accent].  

Is "CD" some internal site you have where ex company cars are sold off? If so, I hope they don'd do you in store pricing or that might explain why Homebase was in the news recently with lower than expected sales.
Martin

They're a car auction company based in Corby, who we've always used to clear end of life company cars, as we buy rather than lease.  They've set up a pre-auction sales site because there are so many people in our business who now need to buy a car.

Other examples on there include:
2011 (11) 330d SE manual Coupe with 60k miles - £12,700
2009 (59) 120d M Sport manual with 51k miles - £8,975
2011 (11) 320d Sport Plus with 37k miles - £14,575
2011 (11) Prius T Spirit with 54k miles - £11,945
2010 (10) Golf 2.0TDI SE with 53k miles - £7,800
2010 (10) Scirocco 2.0TDI with 73k miles - £8,725

Our sales are lower than expected, but 'we' expected nearly 8% LFL sales this year for some reason!  It's a bit depressing when you look at sales misses to budget, until you realise it's 2-3% up on last year and it's the budget that's poor.
gonnabuildabuggy

What's the cheapest stuff on the list?

The 330d sounds reasonable.

Whoever came up with 8% LFL? Not clever at all, sounds like real top down budgeting.
Martin

The cheapest car on the list is a 2008 (08) Mazda 5 2.0d Sport Nav with 74k miles at £3,800.  Next up is the 520d, followed by the Golf I listed, then a 2009 (59) Golf 2.0tdi GT with 68k miles for £8,200.

The £14,475 3 series is the most expensive, followed by the 2010 (10) 120d SE Auto Convertible with 16k miles for £14,225.

The silver 330d would be nice if it it wasn't for the paedo grey interior and total lack of options.

The sales budget is the number we need to hit to achieve the profit target.....

I know it's probably dealt with differently, but we've just sold our store in Battersea (freehold) to a developer for £57m which will help our cash flow if not our profit.  Half of my bonus is based on cash flow
Racing Teatray

The one by the heliport?

I did always wonder why you have two stores so close together given there is another one barely half a mile up the road at Wandsworth Bridge.
PG

gonnabuildabuggy wrote:
Whoever came up with 8% LFL? Not clever at all, sounds like real top down budgeting.


What is it about company boards, that they convince them selves that in our post-apocalypse economy growing at 1-3% (pick your number), 8% growth is acceptable to be budgeted? What is that they think their company does so much better than others? In IT, I've seen people convince themselves for years that 20% growth a year is "poor"....

We had a real argument with our US collegaues once about growth figures. This was pre 2008 mind, but some US collegues had been to a conference of senior people in IT and when asked what percentage growth they anticipated for their companies in the next year, over 60% of the room expected 25%+ growth. This was a sign "that these people were serious about success". I opined that an opposite view might be that they were all deranged (or very arrogant).
gooner

Actually that Mazda 5 seems quite reasonable. When I had my Focus written off all those years back, I had a 5 2.0d from the insurance company for a month and we took it for a family trip down to Cornwall. It was a pretty good family car with a massive boot, all the toys you could want and was pretty good to drive. £4k is pretty good value.
gonnabuildabuggy

gooner wrote:
Actually that Mazda 5 seems quite reasonable. When I had my Focus written off all those years back, I had a 5 2.0d from the insurance company for a month and we took it for a family trip down to Cornwall. It was a pretty good family car with a massive boot, all the toys you could want and was pretty good to drive. £4k is pretty good value.


I thought so too.
Martin

Racing Teatray wrote:
The one by the heliport?

I did always wonder why you have two stores so close together given there is another one barely half a mile up the road at Wandsworth Bridge.


Not sure as I've never visited it, but it's right on the river. we spent close to £1m on a refurbishment last year, but at that sale price it's not too painful to throw that away.
Bob Sacamano

I've just had a quote to buy my car from the leasing company -  there's 7 months left;

BMW 320d Touring Edition, 95600 miles, £9600

Seems a bit steep to me (not that I'm buying it, of course, but someone here has expressed an interest in this immaculate and carefully looked over vehicle).

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