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R56 Financing - Interest Rates?

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Old Jul 20, 2007 | 05:19 PM
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aem421
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Financing - Interest Rates?
What kind of interest rates have people been getting when financing their new Mini's? I'm just curious. Thanks.
 
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Old Jul 20, 2007 | 05:40 PM
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Lots of information about that in this thread:

https://www.northamericanmotoring.co...ighlight=Nosey

 
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Old Jul 20, 2007 | 05:40 PM
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6.45% for 60 months for new cars
 
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Old Jul 20, 2007 | 06:12 PM
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5.45% 60 months at Credit Union. MINI credit was going to be about a point to a point and a half above that
 
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Old Jul 20, 2007 | 08:25 PM
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I was hoping Mini would be running some kind of special rates. My credit union is at 5.79% right now. I'll probably just go with them.
 
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Old Jul 20, 2007 | 08:37 PM
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CU loan rates
I just financed at my CU for 60months at 6.49%, but they will then knock off 0.25 for direct payment. And this is a "mortgage-backed car loan" so the interest is deductable :-)

2007 R56 MCS, CR/CR
2003 MC, CR/B
 
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Old Jul 20, 2007 | 08:41 PM
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i did credit union at 5.49 in nj. mini cant touch that
 
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Old Jul 20, 2007 | 08:52 PM
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5% for 48 months with my credit union, but that's 3 months ago
 
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Old Jul 20, 2007 | 10:34 PM
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Capital One gave me 6.40% for 60 months this month.
 
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Old Jul 21, 2007 | 05:02 AM
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The prime rate hasn't changed in over 6 months. So whatever anyone got in the last 6 month you should be able to find, which is under 6% at alot of credit unions.
 
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Old Jul 21, 2007 | 05:59 AM
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So where's the special rates like Ford has been running like 0 interest, for a limited time I'm sure?
 
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Old Jul 21, 2007 | 06:05 AM
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Originally Posted by Mini S Pilot
So where's the special rates like Ford has been running like 0 interest, for a limited time I'm sure?
Like rebates, that's an incentive from carmakers that have a more difficult time selling their cars. Mini doesn't have that problem.
 
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Old Jul 21, 2007 | 07:53 AM
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Yeah, that's what I was hopin for too. Some kind of special rate offer. Oh well, looks like I'll be using my Credit Union.
 
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Old Jul 21, 2007 | 09:01 AM
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From: On the Oregon 5
Originally Posted by aem421
I was hoping Mini would be running some kind of special rates.
It's the same special deal that allows you to pay MSRP on the car itself. If you ask for the special deal, however, they raise the interest rate offering a point.
 
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Old Jul 21, 2007 | 10:14 AM
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MalteseFalcn
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My dealer offered me 5.99% through Chase Auto Finance, and about a point higher through BMW financing.

Go with your credit union...
 
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Old Jul 21, 2007 | 10:46 AM
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Credit Unions are your friend! I got 5.25% (good on loans 36 - 60 months) about 3 weeks ago.
 
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Old Jul 21, 2007 | 05:34 PM
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My CU offered 5.99% for 60mo. Mini offered 6.24%. While close, I can direct deposit at my CU, as I also have a checking, savings, and credit card through them.
 
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