Is anyone finding aggressive financing out there for New Vehicles?????

Thanks!

 

That depends on a lot of individual information. If you are looking for financing I would shop around and see what companies can offer. With that said if you can get around 7-8% I would say thats pretty good(again dependent on credit score, debt ratio, and credit report). MINIs don't have the 1-4% offers that other cars get. However, BMW is still offering low rates on their cars, 2.9% on everything but 1 series which is 3.9%.

 

You should be able to find a lot of threads on Pentagon Federal Credit Union (PenFed). You can become a member for $20 and they are charging 4.75% for up to a 72 month term.

https://www.penfed.org/

 

Credit Unions are also great places to look. Many of them have been less hard-hit by the financial crisis which allows them to often give better rates than corporate banks. Good luck!

 

Thanks. How are you enjoying your new Mini?

 

The MINI is a lot of fun! I have already taken it on a nice road trip and take it skiing every weekend.

 

I can only imagine how much fun it must be to take that puppy down the slopes!!!

 

MINI Financial Services are top-notch, customer service wise. The prob is that their rates are usually about 2-3 points above FCU's. Back in Oct I was able to get 4.9/60 thru Security Services FCU with a low 800 FICO; MFS wanted 7.2%

The problem with FCUs is that most of them, technology-wise, are still stuck in the 1990s (payment book? That's so 20th Century) they're slowly upgrading tho

 

Thanks. Good info.

 

It's a grand time! 2400+ miles so far, and lots of fun with the accelerator pedal.

Are you all ordered? If so, what's your estimated delivery time? Which is to say, how long do you have to scramble financing?

 

My deposit is going in today, I should get my production number and timing by the end of the week!

 

Right on!

 

I recently joined a credit union (Western FCU) and they are offering these rates, with automatic debit, to employees of my company:

5 yrs = 4.74%
6 yrs = 4.99%
7 yrs = 5.14% ($25K or more)

Pretty good, if you ask me

 

Heck yeah, those sound like great rates! Nice.