Handing back to BMW Finance

d246 · 11-21-2015, 05:47 AM

Hi,

Has anybody any experience of handing their car back to BMW Finance with minor scuffs to the alloys?

I have two 2 inch scuffs to the outer rim of my 19" M light alloy star-spoke 403Ms on two wheels.

Would they charge the price of two new alloys? Worth getting a fix for £300 or so?

Any experiences would be appreciated.

Cheers.

AlfaM · 11-21-2015, 06:06 AM

Normally price of a refurb. Whats does your return standard booklet say?

I handed back a Merc with a couple of scuffs and they didnt bill me - they were more concerned about gouges or kerbing right around the rim.

EDIT: See link for fair wear and tear... 50mm scuffing per wheel allowed

http://issuu.com/bfwsn67/docs/fwt_20...oup_financial_

Consett Mag · 11-21-2015, 06:12 AM

I've not tried handing a financed car back to BMW, but have handed back a three year old Mini Cooper back to the lease company. They got a three year old car with a few small cosmetic blemishes. I had a three inch scuffed allow, but I sanded it, polished it and applied some lacquer - no complaints or fine.

Alloy wheel refurbishment starts from about £60 a wheel - not sure how good it would need to be for BMW, but it's not a brand new car and wear and tear needs to be taken into account I'd guess.

Rbrown · 11-21-2015, 06:35 AM

I've returned merc's on finance with alloy mark and small damage to bodywork (shopping trolley!).

My experience is that they don't bill if you are trading in the car. I had a friend who returned car and walked away- he got billed.

....,,,,..,,.. · 11-21-2015, 07:18 AM

Mileage and general condition and age of car etc come in to it.

They check the car over based on the link below.

I had some scuffs on my previous BMW and a dint in bonnet.

Did not pay any cash out.

http://issuu.com/bfwsn67/docs/fwt_20...oup_financial_

d246 · 11-21-2015, 07:46 AM

Thanks for your help folks.

The scuffs are less than 50mm, but deep enough to feel rough and have oxidized a bit.

It's being used as a trade-in.

I guess I just weigh up the odds and decide whether to take the chance. I'm guessing they'll charge a fortune if they decide the scuffs fall outside the parameters spec'd in the issuu document posted above.

Ss66 · 11-21-2015, 07:46 AM

Had a deep graze on my 330d alloy , did not get charged for it probably because I traded it for another f30

AlfaM · 11-21-2015, 08:00 AM

Quote:

Originally Posted by d246

I guess I just weigh up the odds and decide whether to take the chance. I'm guessing they'll charge a fortune if they decide the scuffs fall outside the parameters spec'd in the issuu document posted above.

The charges are are less than what it would cost you to get it done, not including the hassle of dropping the car off etc..

The BCA report for my merc stated it needed a bumper respray (~£150) and i was 2000 miles over (~£180). They took the car and all I got was a letter from Merc thanking me for returning the car in good nick, and that there would be no charges. That was without getting a motor from them.

Watsey · 11-21-2015, 08:33 AM

Wear and tear. There are published allowances for scuffs etc which lease operators and finance houses operate to.

RalphyBMW · 11-21-2015, 08:54 AM

If you are P/x'ing then assuming you have equity, you are selling to the dealer not returning to BMW FS.

Tronneh · 11-21-2015, 09:17 AM

My last car was leased and I read the fair wear & tear guide the lease company supplied.
I cast a critical eye over the car and saved up around £600 to ensure i had enough to cover the items that I thought exceeded the examples they gave in the guide.
Ended up not paying a penny! so bought my self a private reg

I would have expected at least one of the wheels would have been caught as there were 3 individual curb marks (from the missus, obviously!) and the allowance was one per wheel.
The contact also said they would not charge for anything under £150 although i'm not sure if this was cumlulative or per item, I would assume cumulative.

d246 · 11-21-2015, 09:18 AM

Quote:

Originally Posted by RalphyBMW

If you are P/x'ing then assuming you have equity, you are selling to the dealer not returning to BMW FS.

I was going to be trading it in but have minor negative equity on a PCP, so handing back to BMW Finance on advice from the dealer who I ordered the next car through.

My wife got a £1.5k on a company car VW for what I think most honest people would consider to be wear and tear. It took a few letters to reduce it to £500ish.

Mrklaw · 11-21-2015, 03:30 PM

Quote:

Originally Posted by d246

I was going to be trading it in but have minor negative equity on a PCP, so handing back to BMW Finance on advice from the dealer who I ordered the next car through.

My wife got a £1.5k on a company car VW for what I think most honest people would consider to be wear and tear. It took a few letters to reduce it to £500ish.

I had about £1.5k negative equity on my along with some scuffed alloys and a couple of deep scratches on the front bumpers from car park bastards. Dealer just set the p/x at the settlement value - they'll tidy it up and sell it on as AUC. Don't see why you need to hand back to BMW FS?

PA11L JJ · 11-22-2015, 02:03 AM

Would they charge the price of two new alloys? Worth getting a fix for £300 or so?

I would have thought if its a voluntary termination they will try and use any issue with the car to get as much money from you as possible, even though its your legal right to terminate after the half way mark of the agreement. No different from a salesman looking for anything that would devalue a part exchange valuation for example.

I would get them repaired if the damage is noticeable and it shouldn't cost anywhere near £300. My diamond cut wheel was refurbished for £100 so the 403M's shouldn't be that expensive.

DickieGibbo · 11-22-2015, 03:19 AM

Quote:

Originally Posted by PA11L JJ

Would they charge the price of two new alloys? Worth getting a fix for £300 or so?

I would have thought if its a voluntary termination they will try and use any issue with the car to get as much money from you as possible, even though its your legal right to terminate after the half way mark of the agreement. No different from a salesman looking for anything that would devalue a part exchange valuation for example.

I would get them repaired if the damage is noticeable and it shouldn't cost anywhere near £300. My diamond cut wheel was refurbished for £100 so the 403M's shouldn't be that expensive.

I am in a similar situation with my lease. Will be going back next year and have a couple of small marks on passenger side alloy due to a high kerb in a multi-storey car park.

Lease plan state in their terms and conditions that this needs fixing.

I have a quote from Perfection Alloys for diamond cut alloys at £125.00 for a full refurb and £65 for a scuff repair. However I was a little unsure if the repair will work and remove the scratch without notice. As my summer wheels are now off the car for the winter. I thought I would get them sorted ready for next year.

Anyone had a scuff repair and were they happy with it? Or should I just go for a full refurb? Opinion is divided by different wheel refurb companies.

Dickie

PA11L JJ · 11-22-2015, 04:16 AM

Quote:

Originally Posted by DickieGibbo

I am in a similar situation with my lease. Will be going back next year and have a couple of small marks on passenger side alloy due to a high kerb in a multi-storey car park.

Lease plan state in their terms and conditions that this needs fixing.

I have a quote from Perfection Alloys for diamond cut alloys at £125.00 for a full refurb and £65 for a scuff repair. However I was a little unsure if the repair will work and remove the scratch without notice. As my summer wheels are now off the car for the winter. I thought I would get them sorted ready for next year.

Anyone had a scuff repair and were they happy with it? Or should I just go for a full refurb? Opinion is divided by different wheel refurb companies.

Dickie

I had a scuff repair on two wheels on my E92 M3 (sorry no pics) and unless you knew they were there you would do well to find them.

d246 · 11-22-2015, 04:25 AM

Quote:

Originally Posted by PA11L JJ

I had a scuff repair on two wheels on my E92 M3 (sorry no pics) and unless you knew they were there you would do well to find them.

I think I'm going to go with scuff repair and then find some particularly dirty roads to run around prior to meeting up with the BMW Finance inspector.

Tend to agree that unless you are really looking for it, the repair should pretty much merge in to the 'allowable' stone chips.

ZeroFx · 11-22-2015, 04:41 AM

If you owned the car then you would either have to repair them before sale or lose value on trade in condition.

This is just crowd sourced opinion on if you will get away with it.

225_AB · 11-22-2015, 07:29 AM

When I leased my 640 the booklet that came with it detailed the charges that applied for various things and the charge to repair alloys was cheaper than I would have had to pay to get them refurbished. They noted 2 wheels needed refurb but I was never charged anything. Granted mine was a lease but picked up by 2 very professional chaps who plugged a laptop in and gave it a thorough inspection, don't know if yours is a PCP or lease and whether that makes a difference.

11-21-2015, 05:47 AM	#1
d246 New Member 5 Rep 19 Posts Drives: BMW335d MSport Xd Join Date: Oct 2015 Location: UK iTrader: (0)	Handing back to BMW Finance - scuffed alloy advice? Hi, Has anybody any experience of handing their car back to BMW Finance with minor scuffs to the alloys? I have two 2 inch scuffs to the outer rim of my 19" M light alloy star-spoke 403Ms on two wheels. Would they charge the price of two new alloys? Worth getting a fix for £300 or so? Any experiences would be appreciated. Cheers.
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11-21-2015, 06:06 AM	#2
AlfaM Captain 282 Rep 613 Posts Drives: M340d Join Date: Sep 2015 Location: UK iTrader: (0)	Normally price of a refurb. Whats does your return standard booklet say? I handed back a Merc with a couple of scuffs and they didnt bill me - they were more concerned about gouges or kerbing right around the rim. EDIT: See link for fair wear and tear... 50mm scuffing per wheel allowed http://issuu.com/bfwsn67/docs/fwt_20...oup_financial_ Last edited by AlfaM; 11-21-2015 at 06:13 AM..
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11-21-2015, 06:12 AM	#3
Consett Mag Major 369 Rep 1,409 Posts Drives: F31 330d M Sport Join Date: Jul 2014 Location: Durham. UK iTrader: (0)	I've not tried handing a financed car back to BMW, but have handed back a three year old Mini Cooper back to the lease company. They got a three year old car with a few small cosmetic blemishes. I had a three inch scuffed allow, but I sanded it, polished it and applied some lacquer - no complaints or fine. Alloy wheel refurbishment starts from about £60 a wheel - not sure how good it would need to be for BMW, but it's not a brand new car and wear and tear needs to be taken into account I'd guess. __________________
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11-21-2015, 06:35 AM	#4
Rbrown Brigadier General 2766 Rep 4,577 Posts Drives: X3 M40i Join Date: Jun 2015 Location: Glasgow iTrader: (0)	I've returned merc's on finance with alloy mark and small damage to bodywork (shopping trolley!). My experience is that they don't bill if you are trading in the car. I had a friend who returned car and walked away- he got billed.
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11-21-2015, 07:18 AM	#5
....,,,,..,,.. General 6733 Rep 20,651 Posts Drives: xxxx Join Date: Dec 2013 Location: xxxx iTrader: (0)	Mileage and general condition and age of car etc come in to it. They check the car over based on the link below. I had some scuffs on my previous BMW and a dint in bonnet. Did not pay any cash out. http://issuu.com/bfwsn67/docs/fwt_20...oup_financial_
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11-21-2015, 07:46 AM	#6
d246 New Member 5 Rep 19 Posts Drives: BMW335d MSport Xd Join Date: Oct 2015 Location: UK iTrader: (0)	Thanks for your help folks. The scuffs are less than 50mm, but deep enough to feel rough and have oxidized a bit. It's being used as a trade-in. I guess I just weigh up the odds and decide whether to take the chance. I'm guessing they'll charge a fortune if they decide the scuffs fall outside the parameters spec'd in the issuu document posted above.
	Appreciate 0 Quote

11-21-2015, 07:46 AM	#7
Ss66 Captain 346 Rep 897 Posts Drives: F32 440i Join Date: May 2014 Location: Warwickshire iTrader: (0)	Had a deep graze on my 330d alloy , did not get charged for it probably because I traded it for another f30
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11-21-2015, 08:33 AM	#9
Watsey Major General 6417 Rep 8,500 Posts Drives: F31 330D sDrive M Sport Join Date: Jun 2015 Location: On sabbatical. iTrader: (1)	Wear and tear. There are published allowances for scuffs etc which lease operators and finance houses operate to. __________________ Current : F31 330sD, remapped, Ohlins Road & Track, Millway camber plates, Quaife LSD, Stoptech brakes + Pagid RSL1 pads all round, Weichers front strut brace, Eibach front & rear anti-roll bars, Michelin MP4S.
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11-21-2015, 08:54 AM	#10
RalphyBMW Captain 165 Rep 942 Posts Drives: F31 330d xDrive MSport Join Date: Mar 2014 Location: West Yorkshire iTrader: (0)	If you are P/x'ing then assuming you have equity, you are selling to the dealer not returning to BMW FS. __________________ 2016 F80 M3
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11-21-2015, 09:17 AM	#11
Tronneh Private First Class 53 Rep 198 Posts Drives: F31 335d LCI Join Date: Sep 2015 Location: Blackburn iTrader: (0)	My last car was leased and I read the fair wear & tear guide the lease company supplied. I cast a critical eye over the car and saved up around £600 to ensure i had enough to cover the items that I thought exceeded the examples they gave in the guide. Ended up not paying a penny! so bought my self a private reg I would have expected at least one of the wheels would have been caught as there were 3 individual curb marks (from the missus, obviously!) and the allowance was one per wheel. The contact also said they would not charge for anything under £150 although i'm not sure if this was cumlulative or per item, I would assume cumulative.
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11-22-2015, 02:03 AM	#14
PA11L JJ Second Lieutenant 55 Rep 212 Posts Drives: F30 335d LCI M Sport Join Date: Jun 2013 Location: Co Durham iTrader: (0)	Would they charge the price of two new alloys? Worth getting a fix for £300 or so? I would have thought if its a voluntary termination they will try and use any issue with the car to get as much money from you as possible, even though its your legal right to terminate after the half way mark of the agreement. No different from a salesman looking for anything that would devalue a part exchange valuation for example. I would get them repaired if the damage is noticeable and it shouldn't cost anywhere near £300. My diamond cut wheel was refurbished for £100 so the 403M's shouldn't be that expensive. Attached Images __________________ Current: F30 335d Gone: F56 Mini JCW - F80 M3 - F20 M135i - E89 Z4 - F30 335d - E92 M3 - E81 118d - Audi Q7 - E90 335d - VW Scirocco 2.0GT - And a few bangers not worth mentioning.
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11-22-2015, 04:41 AM	#18
ZeroFx Major 454 Rep 1,373 Posts Drives: M4x Join Date: Apr 2014 Location: West Mids iTrader: (0)	If you owned the car then you would either have to repair them before sale or lose value on trade in condition. This is just crowd sourced opinion on if you will get away with it.
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11-22-2015, 07:29 AM	#19
225_AB Major 65 Rep 1,377 Posts Drives: M235i Join Date: May 2010 Location: buckinghamshire iTrader: (1) Garage List 2014 M235i [0.00] 2009 BMW 330D [0.00]	When I leased my 640 the booklet that came with it detailed the charges that applied for various things and the charge to repair alloys was cheaper than I would have had to pay to get them refurbished. They noted 2 wheels needed refurb but I was never charged anything. Granted mine was a lease but picked up by 2 very professional chaps who plugged a laptop in and gave it a thorough inspection, don't know if yours is a PCP or lease and whether that makes a difference.
	Appreciate 0 Quote