Later today MINI USA will be announcing 2.9% financing on all hardtop models. Here’s the rundown:

• 2.9% financing up to 36 months all hardtop models except JCW
• 3.9% financing up to 48 months all hardtop models except JCW
• 2.9% Financing all hardtop JCW models up to 60 months or 5 years

Ouch!

 

wow

 

im paying 5.9 with chase i wonder if i can refinance with them?

 

For hardtops only and new units.

 

This is awesome news, I just ordered mine last week. Hopefully this is going on for more than a Month.

 

Sounds like the JCW price just isn't where it should be.

 

That you can probably count on...for several months at least.

 

Even with that financing a totally stock JCW is a big payment (depending on trade or down payment of course). I think they might have more success moving inventory if they gave the same rate and term to all hardtops.

 

Desperation is hitting them hard. They have to move out stagnant cars out of dealer lots.

This will have an impact on resale values.

The JCW factory car is overpriced and the spec is unimpressive. MINI is quickly coming to grips with the fact that any 'mediocre" spec with the MINI logo slapped on it and asking $35K+ is not gonna fly in this terrible economy.

 

This sounds like good news to me. True sales are down but down so low they feel the need to offer .9% finance just yet. I think the proactive measures they are taking is going to see them through. They have cut supply side, they are now trying to drum up demand side of the equation. I agree buyes are just not out there right now, however the fact they are just down 16% on sales where toyota is down 40% and gm down almost 50% this is great news for mini and mini owners. This tells us all they truly are a decent run group

 

Yes but keep in mind that overall MINI production numbers and sales are a drop in the bucket compared to mainstream manufacturers.

Just keeping things in perspective.

 

Nick Alexander Mini in LA, self proclaimed largest Mini dealership , had a deal for 1.9% financing.

they just changed that to 2.9%

Darn.

 

Wow I wonder what used car interest rates are.

 

MINI is in one of the BEST situations compare to most of the other auto makers.

Acura - Down 41.5%
Buick - Down 51.5%
Cadillac - Down 52.2%
Chevrolet - Down 54.5%
Chrysler - Down 62.8%
Ford - Down 48.8%
Honda - Down 37.5%
Mitsubishi - Down 50.8%
Saturn - Down 57.2%
Toyota - Down 40%

And many of the above are even with huge rebates and 0% financing.

Suddenly 2.9% financing for MINI and sales down 17.2% is VERY impressive

Even more impressive is Hyundai and Kia's Daily Average Sales rate. The only 2 auto makers, besides Subaru, who's DSR change INCREASED.

 

Anybody know what the new March lease rates are? www/ridewithG.com doesn't have them yet. For Feb, they were pretty good---0.00219 money factor, 15K miles and 76% and 67% residual for 24 and 36 months, respectively. The finance guy at my local dealership says the new stuff would be out today.

 

please ignore this message.

 

I am tempted to get out of my lease and just buy a new one. I am kind of tired of paying into a car i can't keep.

 

I Hate leasing. The biggest money pit there is. Nothing replaces the pride/pleasure of outright ownership and this could not be any more true on the MINI.

My 2005 S is paid off and soon my Clubman S will be.

 

Agree! This is what got so many car buyers in problems years ago, just like our current housing problem, where instead of buying what they could afford, they would lease something more expensive and then in 2 or 3 years be forced to lease again due to a lack of any ownership.

 

Normally, I wopuld agree wholeheartedly. This would be my first lease as opposed to outright purchase ever in 40+ years of motoring, but times are different esp regarding this death rattle thing. A 24 month lease with a good money factor is cheap insurance IMHO. Besides, at the end of the lease, you can still purchase and prob get an extended warranty as a CPO car.

 

that 2.9, on top of the tax break afforded new car buyers, kinda makes me wish I'd waited a bit...

I had MFS for my 2005, and it was one of the most professional experiences ever.

 

I am currently financing with MINI Financial Services and I am also a MINI Visa Platinum cardholder, also serviced by MFS.

I can vouch for their top notch, professional service. MFS is a very strict lender, so don't be surprised if you get rejected if your beacon score or credit report is less than perfect.

 

Well, if you already itemize your deductions, the new tax break in the 2009 Stimulus Package doesn't really get you anything, so you might not have missed out on anything in that regard.

 

Not quite...

When you itemize your deductions, you can pick either to deduct state sales tax *or* state income tax. The new tax break in the 2009 Stimulus Package (version 1.0... there will likely be more, in my opinion, when this one doesn't do very much) allows you to deduct state income tax as well as the state (and local) sales tax on a new car purchase.

 

Thanks for correcting me - you're absolutely right. 2006 was the last tax year that I even bothered to itemize state sales tax (two new MINIs that year), but looking at my return for that year, my tax software evidently knew to only use the higher of the two (state income tax or state sales tax).