[JonF1982]

Ok some quick maths;

The list price in the example below - the depost is £20,986. Your list price - deposit is £21,500.

If we took a guess that your 118i+options would be worth about £1,500 more than the example base 116i after 4 years, that would make your final payment £10,200.

That would mean your montly payment on your 4 year deal should be somewhere around the £240 mark?

I think you've got a very good deal for £280, but you need to make sure they aren't luring you in with a large optional final payment/low contract milage that makes the montly payment very low but you get stung at the other end. I.e it could put you negative equity, meaning you have to hand the car back after 3 years with nothing to show for the £13,650 you have paid into it and potentially with excess milage charges/allow refurbishment charges to pay on top of that.