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humph · Mar 18th, 2008, 09:55 AM

I have MINI select for various reasons, and it will suit some and not others. I don't want the hassle of selling a young car with very high mileage, so will just hand my Cooper back. As stated above it is an expensive way of buying a car if you intend to pay the final baloon payment. If you don't then there are a number of advantages to select, but really it is a scheme for people who want a new car for a small(er) monthly payment. It is only of any use or benefit if you intend on changing your car every two years or so, and your dealer will encourage this. If you were going to buy the car outright then I would do that & steer clear of select. The APR on select is in the region of 11% I think, but the dealer will encourage you to think of it as 5.5% flat rate.

Mar 18th, 2008, 09:55 AM	#5
humph Back To My Old Self Join Date: Jun 2006 Location: In The Wind Local Time: 06:13 PM Posts: 2,415 Offline	I have MINI select for various reasons, and it will suit some and not others. I don't want the hassle of selling a young car with very high mileage, so will just hand my Cooper back. As stated above it is an expensive way of buying a car if you intend to pay the final baloon payment. If you don't then there are a number of advantages to select, but really it is a scheme for people who want a new car for a small(er) monthly payment. It is only of any use or benefit if you intend on changing your car every two years or so, and your dealer will encourage this. If you were going to buy the car outright then I would do that & steer clear of select. The APR on select is in the region of 11% I think, but the dealer will encourage you to think of it as 5.5% flat rate.