I have another question that I hope I can just get an idea about...I am a 17 year old and saving up to get my new Mini this summer. I have built my Cooper S how I like it and it will cost about $22,539 plus the cost for white tail lamps and maybe driving lamps...I will have $5,000 for the down payment and I was wondering if anyone can just take a guess on what I can get monthly payments for. Thank you

 

You can check out your financial options in the Estimate Payment option at the end of the Build your Own section within MINIUSA Important stuff to consider is finding a low interest rate at the term you want (how many months)

Good luck!

 

$22539 - $5000 down payment will leave you to finance $17539. Assuming you finance for 4 or 5 years at a rate between 4.5% and 5.5% you'd pay the following:

4.5% : 4yrs - 399.95/ 5 yrs - 326.97
5.0% : 4yrs - 403.91/ 5 yrs - 330.98
5.5% : 4yrs - 407.89/ 5 yrs - 335.01

Enjoy your new MINI!

 

Yea, I have used that to estimate the price and I was wondering what Mini Select is...? What is a pretty good interest rate ( in Michigan (Motor City Mini) and how many months should I probably look at 36 or 48? Thank you for all the help

 

Welcome to NAM

First off, I am a 20 year old with outstanding credit (for two years of experience). I bought my MCS for 26k. I have the works including the nav. Here in Lincoln, NE where the sales tax is 7% I financed at 6.5% for 5 yrs. I have 515.00/month payments. This would not be as bad but the insurance I have to pay is 325.00/month. Make sure you can make payments including insurance or maybe since you are young your parents could help out. Whatever the situation, it will be worth it.

B

 

One more thing,

I also put about 5 down.

B

 

Yea the insurance thing is the whole reason I'm trying to get the monthly payment down. I'm looking into everything as I believe I can make it happen this summer.

Oh and thanks your the welcome thats my first