I have a deposit on an IB/W Cooper S that I am going to look at tomorrow and was just wondering what kind of rates that mini is offering with great credit as far as financing throught the dealer goes?
Thanks,
Justin

 

5.5% to 6% was waht Flow MINI was quoting a month ago.

 

If you have to finance do it with MINI/bmw
then they have an interest

 

shop around, MINI finance will usually match any other legitimate offer.

 

mini of charleston gave me 5.9% which i took because i was buying out of state. its high, and so i refinanced when i returned home with the car.

 

MINI Finance (Cincinnati) beat my Credit Union rate after I told them what I was offered. Credit Union offered 3.75% then MINI offered 3.5%, but this was back in December.

_________________

 

What Mini advertises as a percentage and what you actually wind up paying usually is two different numbers. This is not exclusive to Mini either, it's true for all financing. The final percentage rate you will be charged is based on your credit worthiness and everyone is different. The price they quote is a best case scenario which means you have an overall rating from all three credit rating agencies above 800 points, some lenders will be 700 points, the highest is 1,000 and no one has that. The higher your rating the lower the percentage rate you can negotiate. If you want to find out what your credit rating is go to: http://www.myfico.com. Sign up and you will get reports from the three major reporting agencies. It may cost a few dollars to get the reports but it is well worth it when you anticipate a large purchase like a car or a house. Another good reason for getting the reports is that it will allow you to see if anything incorrectly has been reported. Also if you had bad credit in the past and you have cleaned up your act, you can see if the negative stuff has been removed from your file, if it hasn't and you will be surpprised ost times it will not be removed unless you take action yourseld to do so, My Fico gives you lessons on how to get it corrected which will direct effect your credit rating, good luck!