Interest rate from MINI dealers

Reply Subscribe

Thread Tools

Search this Thread

Apr 9, 2005 | 11:40 AM

#26

timallen20

Thread Starter

2nd Gear

Joined: Mar 2005

Posts: 58

Likes: 0

From: Tampa (South)

I ended up buying a used MINI (21,000 mi) from a dealer. I was able to get a 5.0% for 60 mos, which compared to the rates here seems bad but my understanding is that when financing used you can expect higher. I can't find anyone advertising better than 5.0 for used so i feel OK about it.

Apr 9, 2005 | 11:55 AM

#27

morknmini

6th Gear

Joined: Jan 2005

Posts: 1,268

Likes: 0

From: Left Coast

Quote:

Originally Posted by miniboost

I financed my mini through Julie at classic mini when i bought mine in feb last year and she got me 3.5% through chase or citibank. my companies credit union wouldn't finance me below 4.5% with my fico score over 700 and I was only financing 12,000.00..

Interest has gone up, but Julie at Classic is still offering a decent rate, I believe, at 4.8%, quoted this past week. I haven't checked elsewhere, but at that rate one could earn more investing the cash rather than paying for a car with it.