The interest would be on all of the loan not just the monethly payments. I'm borrowing £15290 and paying approx £3500 more in interest. I'm paying £250 month with a £7300 lump sum at the end of 4 years.
Theres no real easy way of working it all out payment wise (all depends on their interest etc) but to go and speak to your dealer. I went for MINI Select cos it was more affordable a month than a straight out loan. Go and weigh up the options from highstreet bank loans to MINI loans to Select and see which works out best for you. Its also an idea to think how long you want to be keeping the car? If you will want a new MINI in 2-3 years then its a great scheme as you basically trade in to cover the outstanding finance then start again. |