It's right here:

MINI isn't going to offer 0.9% and 1.9% on the newest hottest model they have the first month it comes out. Why would they when they are going to be selling every one they get as it is?

 

Any other recent APR quotes through MINI? I just got offered 3.9% which seems very high with top tier credit.

 

 

When I showed the dealer I could get 0.6% for 36/mo through USAA, but I had to go to another dealer to purchase, the Sales Mgr came back with 1.6% for 36 or 48/mo to keep me in his house. The difference in loan cost for 36 months worked out to less than $200 and saved me 2 hours drive time between dealerships.

 

As was already mentioned 3.19% is the lowest you can get through MINI FS on the F56.

If they are quoting you lower, it is through an outside bank

 

I was just quoted 2.99% with top credit when placing my order. Which I thought was a little high as well, but my bank is not a credit union and was offering 6.49% to perfect credit, so... I went with it. They didn't mention if it was something other than MINI FS.

 

Also am being told that the MINI Loyalty credit doesn't apply if you have sold your previous MINI (financed through MINI credit)greater than 12 months ago. Not seeing that anywhere else, but can't find any specifics to the "qualified" portion below. It's just $250, but it's still $250.



Offer valid for qualified returning MINI customers only, through MINI Financial Services at participating MINI Dealers. $500 Loyalty Credit is a credit against the MSRP of a new 2013 MINI Hardtop or 2013 MINI Paceman model, or new 2014 MINI models. (with the exception of the new 2014 MINI Hardtop model where a $250 Owner Loyalty credit applies.) Lease credits up to $1,500 available on MINI Cooper S Countryman ALL4, John Cooper Works Countryman ALL4, MINI Cooper S Paceman ALL4 and John Cooper Works Paceman ALL4 models. Other credits apply to other models and offset against the MSRP. Visit your authorized MINI dealer or MINIUSA.com/SpecialOffers for important details.

 

MINI is not subsidizing F56 right now (for obvious reasons), so dealer finance rates are sucky. Officially, the rates are usually listed below, but the site is omitting F56 references as of today: http://www.miniusa.com/content/miniu...fers/07901////

Based on what my dealer told me earlier this week:
: 3.19% APR on Loans for up to 60 months.
: 1.49% APR on 36 month Leases with 10K miles/year and 58% residual.

You can do better on new car loan rates, down to 1.9% from many credit unions.
I never cared for the lease path, so don't know what alternatives may be available.

s

 

I'm getting quoted 61% residual from my MINI dealership for 10k/3yr (don't know money factor yet). Has anyone leased, and if so, were you able to put $0 down at signing? I'd prefer to roll everything into the lease payment instead of putting money down.

Have people been successful at this?

 

61% residual is really high for an MCS, must be the base MINI Cooper.

I just 2x checked the MCS lease residuals, and they are:
55% for 15K miles/year on a 3-year lease
58% for 10K miles/year on a 3-year lease

I never put anything down on a lease, including taxes as fees, as in most states you effectively loose the down-payment in case of a total vehicle loss.

a

 

My apologies, I should have mentioned - 61% is for the base MINI.

Spoke to my MA yesterday and confirmed that it would be fine not to put anything down on the lease.

 

That's pretty good, but you can do better.

1.99% APR is the standard base Credit Union rate these days, frequently with longer terms up to 84 Months (7 years).

US 5-year Treasury yield is 1.71% as of today, so that is your practical minimum for 60-month term.
Anything above that rate is bank profit, net of admin fees and credit risk premium.

You can shop around and knock another 5-15bps off for large direct deposit, sizable relationship/assets at the credit union/bank, etc. This all assumes good credit beyond a shadow of a doubt.

a
P.S.: US 10-year Treasury yield are 2.70%, for reference.

 

That IS good. The CU I'm using says "as low as" 2.5% APR for 61-75 months and 1.9% for up to 36 months.

 

3.19% matches what my MA told me about two weeks ago.

I can get 2.15% from my credit union. My MA thinks they may be able to shop around at the dealership and match it. We'll find out when my MINI is closer to delivery.

 

For car loans, try here:
http://www.mitfcu.org/home/special/2103autoloanspecial

For leases, your choices are limited.

a

 

Was going to finance for 72 months at the best rate from our credit union -- 2.5% APR. Somebody mentioned something about AAA getting good car prices from some dealers, so I went to their website. No good car deals, but I saw something on car loans, checked and they got me 1.95% APR for the 72 months.

Thanks AAA!

 

AAA rushed the process, e-mailed me a stack of papers and I headed to the dealer. The dealer said he could probably meet or beat the APR, but I stuck with the AAA deal -- they had worked fast & hard. The dealer struggled thru the paperwork, but no check until Tuesday. I had to write a check so that I could leave in my new MCS. Back next week to get my check back after dealer gets his money.

Moral of the story is that I should have financed thru the dealer. He could have gotten the same APR, been familiar with the lender & his paperwork, and things would have been 100% faster and smoother.

 

I've financed cars all 3 ways, traditional finance, lease and owners choice. The nice thing about owners choice over leasing is at the end of the term if you want to buy and keep the car it's titled in your name, so you can just pay it off without paying taxes twice because you're not buying it from the finance company.