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SteveBrass · Dec 9th, 2003, 08:07 AM

Quote: Originally Posted by Little Miss MINI

Went to the dealership today and they did a quote for me with the Select Finance and it sounds like a pretty good deal - £2.5-ish k deposit and £250 a month for 3 years and then trade my car in for a new MINI!

Yes please!

Is anyone else using this method to finance their MINI and is it any good or would I be better off spending a bit more per month and getting a loan from the bank for it?

It sounds like a great deal but is it too good to be true?

I mean a new car every 3 years? Are they mad??

As ever, check the APR (the interest rate). There are some good deals for personal loans at the moment from a variety of banks/building societies.

Personal loan = car is yours, to do with what you like - so you can sell it without having to pay the loan off.

Mini Select (and Hire Purchase) = car is not yours, so you need to deal with Mini Select if you wish to sell the car.

One advantage of HP is you get some more muscle to help you if there are problems with the car. HP companies will lean on the dealer/ mini uk to get things sorted.

Dec 9th, 2003, 08:07 AM	#6
SteveBrass MINI2 Senior My Classifieds Join Date: Feb 2003 Location: staffordshire (not a Local Time: 11:33 PM Posts: 384 Offline	Quote: Originally Posted by Little Miss MINI Went to the dealership today and they did a quote for me with the Select Finance and it sounds like a pretty good deal - £2.5-ish k deposit and £250 a month for 3 years and then trade my car in for a new MINI! Yes please! Is anyone else using this method to finance their MINI and is it any good or would I be better off spending a bit more per month and getting a loan from the bank for it? It sounds like a great deal but is it too good to be true? I mean a new car every 3 years? Are they mad?? As ever, check the APR (the interest rate). There are some good deals for personal loans at the moment from a variety of banks/building societies. Personal loan = car is yours, to do with what you like - so you can sell it without having to pay the loan off. Mini Select (and Hire Purchase) = car is not yours, so you need to deal with Mini Select if you wish to sell the car. One advantage of HP is you get some more muscle to help you if there are problems with the car. HP companies will lean on the dealer/ mini uk to get things sorted. R56 AB Cooper