R60 Purchase Price Relative to MSRP
#77
If you have an account at PenFed Credit Union, they have a buying service that works quite well. it's http://penfed.zag.com/main.html . I built a All-4 and the savings came to about $1300 off MSRP. They also give you the locations of who is willing to make the deal. The dealership will call you within hours of your submission. The dealership will get your "price certificate" so they know what you expect to pay.
When the bench seat option becomes available I will be using PenFed.zag.com
Also their new car auto loan rate is 2.99 right now. I hope it is that or better when I am ready to purchase.
When the bench seat option becomes available I will be using PenFed.zag.com
Also their new car auto loan rate is 2.99 right now. I hope it is that or better when I am ready to purchase.
FWIW, I tried the Penfed site to see what deal I would have gotten. Two dealers showed up in the results. One is offering $1,788 off but they are 179 miles away, and the other is offering $1,588 off but they are 193 miles away. Did you get that deal from a DC/Balt dealer?
#79
#80
You are one of us as long as you are working on getting your MINI! BTW I saw you are in Indy I visited in September to watch "Manning VS Manning" im a colts fan!
#81
FamilyMan,
I thought the sport stripes were a no charge option, right? Maybe you ordered the JCW sport stripes? My dealer is throwing in floor mats, front and back, before I even asked, he just offered, along with a full tank of gas, and free ipod/USB adaptor. I got mine for 1000.00 below sticker, on an ordered car.
I just think the dealer had no intention of selling you the CM at 1900.00 off MSRP. I have never heard of any dealers going that much below sticker, not at this point in time. The car has only been available for 2 months. That is why they "forgot to add those things" and let you walk.
You know what they say, if a deal sounds too good to be true...
But hey, maybe I am wrong and you will work it out, good luck!
I thought the sport stripes were a no charge option, right? Maybe you ordered the JCW sport stripes? My dealer is throwing in floor mats, front and back, before I even asked, he just offered, along with a full tank of gas, and free ipod/USB adaptor. I got mine for 1000.00 below sticker, on an ordered car.
I just think the dealer had no intention of selling you the CM at 1900.00 off MSRP. I have never heard of any dealers going that much below sticker, not at this point in time. The car has only been available for 2 months. That is why they "forgot to add those things" and let you walk.
You know what they say, if a deal sounds too good to be true...
But hey, maybe I am wrong and you will work it out, good luck!
#82
I think i was one of you before I was one of them I mean I did own one before I started selling them!
You are one of us as long as you are working on getting your MINI! BTW I saw you are in Indy I visited in September to watch "Manning VS Manning" im a colts fan!
You are one of us as long as you are working on getting your MINI! BTW I saw you are in Indy I visited in September to watch "Manning VS Manning" im a colts fan!
#83
FamilyMan,
I thought the sport stripes were a no charge option, right? Maybe you ordered the JCW sport stripes? My dealer is throwing in floor mats, front and back, before I even asked, he just offered, along with a full tank of gas, and free ipod/USB adaptor. I got mine for 1000.00 below sticker, on an ordered car.
I just think the dealer had no intention of selling you the CM at 1900.00 off MSRP. I have never heard of any dealers going that much below sticker, not at this point in time. The car has only been available for 2 months. That is why they "forgot to add those things" and let you walk.
You know what they say, if a deal sounds too good to be true...
But hey, maybe I am wrong and you will work it out, good luck!
I thought the sport stripes were a no charge option, right? Maybe you ordered the JCW sport stripes? My dealer is throwing in floor mats, front and back, before I even asked, he just offered, along with a full tank of gas, and free ipod/USB adaptor. I got mine for 1000.00 below sticker, on an ordered car.
I just think the dealer had no intention of selling you the CM at 1900.00 off MSRP. I have never heard of any dealers going that much below sticker, not at this point in time. The car has only been available for 2 months. That is why they "forgot to add those things" and let you walk.
You know what they say, if a deal sounds too good to be true...
But hey, maybe I am wrong and you will work it out, good luck!
They're the sports strips on the accessories page in the configurator. They're a dealer installed option with a base price of $128...the dealer then charges additional labor to install them. They're certainly not freebies by default.
As for the deal being too good to be true, I must confess that I was stunned when this particular dealer gave me that price. They're part of a chain of dealerships in my area across several different manufacturers and have a reputation for high prices, low trade values and little interest in pricing to the market. I tried to buy from the Toyota dealer years ago and it was absurd how far off the market they were. It seems to work well for them though as they appear to have tapped into an endless supply of people who don't mind paying quite a bit more than they have to.
In any event, we'll see what the other dealer who made a similar offer has to say tomorrow. Hopefully he's not a weasel as well.
Last edited by FamilyMan; 03-02-2011 at 05:54 AM.
#84
If you have an account at PenFed Credit Union, they have a buying service that works quite well. it's http://penfed.zag.com/main.html . I built a All-4 and the savings came to about $1300 off MSRP. They also give you the locations of who is willing to make the deal. The dealership will call you within hours of your submission. The dealership will get your "price certificate" so they know what you expect to pay.
When the bench seat option becomes available I will be using PenFed.zag.com
Also their new car auto loan rate is 2.99 right now. I hope it is that or better when I am ready to purchase.
When the bench seat option becomes available I will be using PenFed.zag.com
Also their new car auto loan rate is 2.99 right now. I hope it is that or better when I am ready to purchase.
#85
Like some other people on her when i bulit a mini on herr eveything was like was way to far away. Also i dont know why everyone thinks they have such a great loan program i did a calculation for $30k 60/m 2.99% apr and pymt is $538.93 , im trying to find a lower pymt and my MA has been working with me and so far im at $385 trying to get down some more without adding more $. My truck is $351 so was trying to stay around that or lower so got to keep working the angles
#86
Shopping for a car by payment is one of the biggest no-no's on earth. There is no free lunch. If you're borrowing $30K, you've still got to pay back $30K plus interest. Per your example, if $538 is too much for 60 months, the only way you're going to get to $385 is borrow for a much longer period (and pay more interest), put more down, or buy a cheaper car.
@Mavryk:
As a bankruptcy lawyer, I have seen literally THOUSANDS of people who bought cars, electronics, etc., solely on payment. That is a recipe for disaster, nevermind the fact that the dealership can (and probably will) work the loan in such a way that it may be the payment you want, but what they have to do to get that payment is guaranteed not to be in your best interest.
I don't know what your specific situation is, but if, in fact, your budget is such that you are a couple of hundred dollars away from financial trouble monthly, then maybe you should rethink your decision to borrow that much money right now.
If you're not in that situation, good for you for trying to be careful, but maybe re-think how you're being careful.
Good luck!
#87
This is SO right!
@Mavryk:
As a bankruptcy lawyer, I have seen literally THOUSANDS of people who bought cars, electronics, etc., solely on payment. That is a recipe for disaster, nevermind the fact that the dealership can (and probably will) work the loan in such a way that it may be the payment you want, but what they have to do to get that payment is guaranteed not to be in your best interest.
I don't know what your specific situation is, but if, in fact, your budget is such that you are a couple of hundred dollars away from financial trouble monthly, then maybe you should rethink your decision to borrow that much money right now.
If you're not in that situation, good for you for trying to be careful, but maybe re-think how you're being careful.
Good luck!
@Mavryk:
As a bankruptcy lawyer, I have seen literally THOUSANDS of people who bought cars, electronics, etc., solely on payment. That is a recipe for disaster, nevermind the fact that the dealership can (and probably will) work the loan in such a way that it may be the payment you want, but what they have to do to get that payment is guaranteed not to be in your best interest.
I don't know what your specific situation is, but if, in fact, your budget is such that you are a couple of hundred dollars away from financial trouble monthly, then maybe you should rethink your decision to borrow that much money right now.
If you're not in that situation, good for you for trying to be careful, but maybe re-think how you're being careful.
Good luck!
#88
I understand there is interest and all those fee's i was getting the $385 from mini if i did the mini select program i can do that but i would just like mt pymt down where my truck pymt is or a little lower, and my financial situation is pretty good just trying to get that last drop of blood out
#89
You do know that MINI Select is a "leasing alternative" that involves a large balloon payment at the end? The payment is low because you're essentially only financing part of the total. When the balloon payment comes due, you have to either pay it, walk away with no car, or refinance it. If you choose the latter you will most likely end up paying for the car for way more years than necessary.
#90
You do know that MINI Select is a "leasing alternative" that involves a large balloon payment at the end? The payment is low because you're essentially only financing part of the total. When the balloon payment comes due, you have to either pay it, walk away with no car, or refinance it. If you choose the latter you will most likely end up paying for the car for way more years than necessary.
#91
Oops, you are correct. With Mini Select, the car is your's, you must complete the option. OwnersChoice is a what I was thinking of, it's a variation offered for Texas and other states where leasing laws are onerous. In that one, you have the walkaway option just like a lease.
#92
If you have an account at PenFed Credit Union, they have a buying service that works quite well. it's http://penfed.zag.com/main.html . I built a All-4 and the savings came to about $1300 off MSRP. They also give you the locations of who is willing to make the deal. The dealership will call you within hours of your submission. The dealership will get your "price certificate" so they know what you expect to pay.
When the bench seat option becomes available I will be using PenFed.zag.com
Also their new car auto loan rate is 2.99 right now. I hope it is that or better when I am ready to purchase.
When the bench seat option becomes available I will be using PenFed.zag.com
Also their new car auto loan rate is 2.99 right now. I hope it is that or better when I am ready to purchase.
#93
So the deal has been struck and the order finally placed today.
As those of you who have been following the thread know, I had a nice deal all set with a local dealer @ 5.72% off MSRP but that fell through when they tried to get me to sign an order sheet that was missing the dealer installed options and then played the "I didn't realize..." game. Fortunately though I had a 2nd dealer not too far form my house who had put a similar deal on the table and was willing to stand behind it.
So, since this started as a thread about Purchase Price Relative to MSRP here are the details...
I'm now getting a smaller discount off MSRP (3.66%) but I'm getting a significantly better trade-in value and am paying lower dealer doc fees. So after calculating purchase $, tax, fees and trade-in, I'm paying the same from this dealer as I would have been from the one that was offering the 5.72% discount. Actually, I'm saving $3.43 but that will be eaten up in gas and tolls when I pick up the car...lol
Anyway, the order went in today and I'm now waiting anxiously for Mini to set my dates.
CM All4, Royal Grey, Black Roof/Mirrors, Dark Tobacco Color Line, Two-Part Center Rail, Xenon Headlights & White Turn Signal, Center Arm Rest, Heated Front Seats, Convenience Package, Premium Package, Black Sports Stripes, Roof Rack Base (all other part/color choices STD)
As those of you who have been following the thread know, I had a nice deal all set with a local dealer @ 5.72% off MSRP but that fell through when they tried to get me to sign an order sheet that was missing the dealer installed options and then played the "I didn't realize..." game. Fortunately though I had a 2nd dealer not too far form my house who had put a similar deal on the table and was willing to stand behind it.
So, since this started as a thread about Purchase Price Relative to MSRP here are the details...
I'm now getting a smaller discount off MSRP (3.66%) but I'm getting a significantly better trade-in value and am paying lower dealer doc fees. So after calculating purchase $, tax, fees and trade-in, I'm paying the same from this dealer as I would have been from the one that was offering the 5.72% discount. Actually, I'm saving $3.43 but that will be eaten up in gas and tolls when I pick up the car...lol
Anyway, the order went in today and I'm now waiting anxiously for Mini to set my dates.
CM All4, Royal Grey, Black Roof/Mirrors, Dark Tobacco Color Line, Two-Part Center Rail, Xenon Headlights & White Turn Signal, Center Arm Rest, Heated Front Seats, Convenience Package, Premium Package, Black Sports Stripes, Roof Rack Base (all other part/color choices STD)
#96
#98