MINI2

1100101 · Nov 27th, 2004, 10:29 AM

I'm interested in how you guys paid for your cooper? All upfront, finance or.. others. For those that chose finance how long was the term you chose?

ScottyB · Nov 27th, 2004, 10:56 AM

Finance for my Cooper S.

Took it out over 5 years, aim to pay it out in 4.

n00b · Nov 27th, 2004, 02:41 PM

All upfront but they're both used. Why? Not as heavy to the hip pocket as there's better way to spend your money than depreciation. I know cars depreciate whether it's new or old but let someone else lose a large chunk than you especially if you need to finance it - depreciation and interest is no good IMHO.

meinamini · Nov 27th, 2004, 11:33 PM

The DS/B MCSC is a cash up front job.
If only I knew how much it's going to cost

poki · Nov 28th, 2004, 06:06 AM

The value of money also depreciates over time. That said - I financed mine via chattel mortgage. It is a business vehicle and I will drive it for 10 years so I don't give a rats about depreciaton. (Besides the fact that because of it, I pay less tax).

A car is a machine. It is not an investment. We list them on balance sheets as assets but that is only because we don't know where else to put them.

play fife · Nov 28th, 2004, 06:23 AM

I brought my cooper outright, i should of got finace for $8k & brought a S......oh well. lol

Daniel

n00b · Nov 28th, 2004, 06:37 AM

I am sure money devalue as time goes by but not as much as $20k disappeared from $60k? It could be possible but hey, highly unlikely

My point was, if I bought a used MCS for $30k now and when I sell it in 5 years time for $20k, it's not that bad compared to someone that bought their new MCS for $50k and get $20k back.

MickyD · Nov 28th, 2004, 10:06 AM

mine's a novated lease through Leaseplan.

Baker · Nov 28th, 2004, 10:22 AM

Finaced mine through BMW Finance.

Hopefully I'll be adding another 10 grand to that finance soon for a JCW kit... hopefully.

Cooper76 · Nov 28th, 2004, 11:01 PM

Quote: Originally Posted by dairyboy

All upfront but they're both used. Why? Not as heavy to the hip pocket as there's better way to spend your money than depreciation. I know cars depreciate whether it's new or old but let someone else lose a large chunk than you especially if you need to finance it - depreciation and interest is no good IMHO.

Over here in Detroit (and probably around the U.S. too), used MINIs are going for the same price or sometimes higher than new.

Dutchy · Nov 28th, 2004, 11:27 PM

I'm salary scrificing, with a novated lease. Last year, I was about $3500 better off than getting a normal car loan.

At the end of the 4 yr lease I may be worse off, though, due to a residual.

Dutchy.

AndrewH · Nov 29th, 2004, 12:33 AM

Quote: Originally Posted by Dutchy

I'm salary scrificing, with a novated lease. Last year, I was about $3500 better off than getting a normal car loan.

At the end of the 4 yr lease I may be worse off, though, due to a residual.

Dutchy.

I considered novating mine too as the online calculator for the crowd we use said I'd be about 3 grand better off (if I included all the operating costs) but I gave up in disgust as I couldn't get a straight answer out of anyone, let alone the lease company. Novated leasing in my experience is kind of like superannuation, it's all too difficult (having said that, Commonwealth Government super is sweet as.

)

Having excise free fuel could encourage me to think about it again though.

Dutchy · Nov 29th, 2004, 12:49 AM

I must be honest, and say that at the beginning I was a bit stressed as to what came first and how it would all pan out. In the end, it all ran smoothly and the guys at Adelaide BMW where fantastic and couldn't have helped more. They even let me take the car home without having all of the required documents, because my work stuffed up and didn't send them. About a week later they received the documents they required, so I was lucky they gave me the car for that period.

I went through SmartSalary as my agent and have got BMW finance for the novated lease. The fact that I don't have to find money for servicings, wheels or even fuel are a great benefit. Although I am paying a lot in one lump sum each month....it does remove a lot of the financial planning you normally have to do for a car.

doona · Nov 29th, 2004, 01:58 AM

I tried to pay in Bannana's... after much tooing and froing, BMW convinced me that Bannana's are not an acceptable form of currency... it is then when I decided to offer them chickens.... again, no dice!!.

In the end I paid some up front, financed some with BMW Finance.

Dutchy · Nov 29th, 2004, 02:06 AM

What.... they didn't like banana's or chooks?

I think it's Vanuatu that deal in pigs? (Taken off Survivor, so don't flame me....about the pigs or survivor

)

Maybe you could have done some off shore deals to get it.

Money is over-rated.

IML337 · Nov 29th, 2004, 09:03 AM

I stole mine - a lowly janitor such as myself cannot afford to pay for such luxuries legitimately

snoopy · Nov 29th, 2004, 09:14 AM

Quote: Originally Posted by IML337

I stole mine - a lowly janitor such as myself cannot afford to pay for such luxuries legitimately

HA ha Tim come on, come clean you pimped yourself for your MINI.

ScottyB · Nov 29th, 2004, 09:25 AM

Quote: Originally Posted by IML337

I stole mine - a lowly janitor such as myself cannot afford to pay for such luxuries legitimately

PMSL

IML337 · Nov 29th, 2004, 09:47 AM

Quote: Originally Posted by snoopy

HA ha Tim come on, come clean you pimped yourself for your MINI.

DAMN IT! I gave you that cheap price so you wouldn't tell anyone!

I feel so USED!

jbensley · Nov 29th, 2004, 11:11 AM

What? Am I the only one who got tricked to sell a kidney for a MINI?

View Poll Results: Type of payment.
All upfront	19	39.58%
Finance	25	52.08%
Others	4	8.33%
Voters: 48. You may not vote on this poll

Nov 27th, 2004, 10:29 AM	#1
1100101 MINI2 Newbie Join Date: Nov 2004 Location: Perth Local Time: 04:32 AM Posts: 2 Offline	How did you pay for your Mini? I'm interested in how you guys paid for your cooper? All upfront, finance or.. others. For those that chose finance how long was the term you chose?

Nov 27th, 2004, 10:56 AM	#2 (permalink)
ScottyB Take me down to Paradise My Classifieds Join Date: Mar 2004 Location: David McGhan's World Local Time: 07:32 AM Posts: 192,103 Offline	Finance for my Cooper S. Took it out over 5 years, aim to pay it out in 4. - Global Moderator - MY BLOG - Global Procrastinator - ... Buying the 8C for its dynamic abilities is like buying a porn film for its plot ...

Nov 27th, 2004, 11:33 PM	#4 (permalink)
meinamini Livin' the country life Join Date: May 2004 Location: Livin' in the OC! Local Time: 06:32 AM Posts: 4,008 Offline	Big fat bank cheque The DS/B MCSC is a cash up front job. If only I knew how much it's going to cost

Nov 28th, 2004, 11:01 PM	#10 (permalink)
Cooper76 MotorCityMadman Join Date: Oct 2004 Location: Motown Local Time: 04:32 PM Posts: 3,801 Offline	Quote: Originally Posted by dairyboy All upfront but they're both used. Why? Not as heavy to the hip pocket as there's better way to spend your money than depreciation. I know cars depreciate whether it's new or old but let someone else lose a large chunk than you especially if you need to finance it - depreciation and interest is no good IMHO. Over here in Detroit (and probably around the U.S. too), used MINIs are going for the same price or sometimes higher than new. *BMW-AG Rocks!!!* Portsmouth FC Can Thank Sunderland...What a Farce!!!

MINI2

Fuel for your MINI obsession

For Australian social and region specific discussion

Today
Sponsors	Sponsored Links Registered members do not see Google Ads posts, they can also post messages, pictures, and classified adverts. Register your free account today and become a member of MINI2 - MINI Forum

Nov 27th, 2004, 02:41 PM	#3 (permalink)
n00b Twincharge??? My Classifieds Join Date: Jun 2004 Local Time: 06:32 AM Posts: 2,283 Offline	All upfront but they're both used. Why? Not as heavy to the hip pocket as there's better way to spend your money than depreciation. I know cars depreciate whether it's new or old but let someone else lose a large chunk than you especially if you need to finance it - depreciation and interest is no good IMHO.

Nov 28th, 2004, 06:06 AM	#5 (permalink)
poki Whatev. Join Date: Sep 2003 Local Time: 07:32 AM Posts: 2,885 Offline	The value of money also depreciates over time. That said - I financed mine via chattel mortgage. It is a business vehicle and I will drive it for 10 years so I don't give a rats about depreciaton. (Besides the fact that because of it, I pay less tax). A car is a machine. It is not an investment. We list them on balance sheets as assets but that is only because we don't know where else to put them.

Nov 28th, 2004, 06:23 AM	#6 (permalink)
play fife The Invisible Boy Join Date: Apr 2004 Location: Sydney, Australia Local Time: 06:32 AM Posts: 1,234 Offline	I brought my cooper outright, i should of got finace for $8k & brought a S......oh well. lol Daniel

Nov 28th, 2004, 06:37 AM	#7 (permalink)
n00b Twincharge??? My Classifieds Join Date: Jun 2004 Local Time: 06:32 AM Posts: 2,283 Offline	I am sure money devalue as time goes by but not as much as $20k disappeared from $60k? It could be possible but hey, highly unlikely My point was, if I bought a used MCS for $30k now and when I sell it in 5 years time for $20k, it's not that bad compared to someone that bought their new MCS for $50k and get $20k back.

Nov 28th, 2004, 10:06 AM	#8 (permalink)
MickyD MINI2 Master Join Date: Jan 2004 Location: Melbourne, Australia Local Time: 07:32 AM Posts: 3,628 Offline	mine's a novated lease through Leaseplan.

Nov 28th, 2004, 10:22 AM	#9 (permalink)
Baker Being normal is not fun! Join Date: Jul 2004 Location: Newcastle, Australia Local Time: 06:32 AM Posts: 4,115 Offline	Finaced mine through BMW Finance. Hopefully I'll be adding another 10 grand to that finance soon for a JCW kit... hopefully.

Nov 28th, 2004, 11:27 PM	#11 (permalink)
Dutchy MINI2 Regular Join Date: Jun 2003 Location: Nelson Bay N.S.W Local Time: 07:32 AM Posts: 324 Offline	I'm salary scrificing, with a novated lease. Last year, I was about $3500 better off than getting a normal car loan. At the end of the 4 yr lease I may be worse off, though, due to a residual. Dutchy. Sadly INIMINI is gone, but never forgotten.

Nov 29th, 2004, 12:33 AM	#12 (permalink)
AndrewH Were there Oompa loompas? Join Date: Jun 2003 Location: Canberra Local Time: 07:32 AM Posts: 4,181 Offline	Quote: Originally Posted by Dutchy I'm salary scrificing, with a novated lease. Last year, I was about $3500 better off than getting a normal car loan. At the end of the 4 yr lease I may be worse off, though, due to a residual. Dutchy. I considered novating mine too as the online calculator for the crowd we use said I'd be about 3 grand better off (if I included all the operating costs) but I gave up in disgust as I couldn't get a straight answer out of anyone, let alone the lease company. Novated leasing in my experience is kind of like superannuation, it's all too difficult (having said that, Commonwealth Government super is sweet as. ) Having excise free fuel could encourage me to think about it again though. Jan 06 MCS Checkmate

Nov 29th, 2004, 12:49 AM	#13 (permalink)
Dutchy MINI2 Regular Join Date: Jun 2003 Location: Nelson Bay N.S.W Local Time: 07:32 AM Posts: 324 Offline	I must be honest, and say that at the beginning I was a bit stressed as to what came first and how it would all pan out. In the end, it all ran smoothly and the guys at Adelaide BMW where fantastic and couldn't have helped more. They even let me take the car home without having all of the required documents, because my work stuffed up and didn't send them. About a week later they received the documents they required, so I was lucky they gave me the car for that period. I went through SmartSalary as my agent and have got BMW finance for the novated lease. The fact that I don't have to find money for servicings, wheels or even fuel are a great benefit. Although I am paying a lot in one lump sum each month....it does remove a lot of the financial planning you normally have to do for a car. Sadly INIMINI is gone, but never forgotten.

Nov 29th, 2004, 01:58 AM	#14 (permalink)
doona ......... Join Date: Sep 2003 Location: Melbourne, Australia Local Time: 06:32 AM Posts: 2,802 Offline	I tried to pay in Bannana's... after much tooing and froing, BMW convinced me that Bannana's are not an acceptable form of currency... it is then when I decided to offer them chickens.... again, no dice!!. In the end I paid some up front, financed some with BMW Finance.

Nov 29th, 2004, 02:06 AM	#15 (permalink)
Dutchy MINI2 Regular Join Date: Jun 2003 Location: Nelson Bay N.S.W Local Time: 07:32 AM Posts: 324 Offline	What.... they didn't like banana's or chooks? I think it's Vanuatu that deal in pigs? (Taken off Survivor, so don't flame me....about the pigs or survivor ) Maybe you could have done some off shore deals to get it. Money is over-rated. Sadly INIMINI is gone, but never forgotten.

Nov 29th, 2004, 09:03 AM	#16 (permalink)
IML337 saving the world Join Date: Jul 2002 Location: Singapore Local Time: 06:32 AM Posts: 2,931 Offline	I stole mine - a lowly janitor such as myself cannot afford to pay for such luxuries legitimately

Nov 29th, 2004, 09:14 AM	#17 (permalink)
snoopy MINI2 Master Join Date: Sep 2001 Location: au Local Time: 06:32 AM Posts: 1,149 Offline	Quote: Originally Posted by IML337 I stole mine - a lowly janitor such as myself cannot afford to pay for such luxuries legitimately HA ha Tim come on, come clean you pimped yourself for your MINI.

Nov 29th, 2004, 09:25 AM	#18 (permalink)
ScottyB Take me down to Paradise My Classifieds Join Date: Mar 2004 Location: David McGhan's World Local Time: 07:32 AM Posts: 192,103 Offline	Quote: Originally Posted by IML337 I stole mine - a lowly janitor such as myself cannot afford to pay for such luxuries legitimately PMSL - Global Moderator - MY BLOG - Global Procrastinator - ... Buying the 8C for its dynamic abilities is like buying a porn film for its plot ...

Nov 29th, 2004, 09:47 AM	#19 (permalink)
IML337 saving the world Join Date: Jul 2002 Location: Singapore Local Time: 06:32 AM Posts: 2,931 Offline	Quote: Originally Posted by snoopy HA ha Tim come on, come clean you pimped yourself for your MINI. DAMN IT! I gave you that cheap price so you wouldn't tell anyone! I feel so USED!

Nov 29th, 2004, 11:11 AM	#20 (permalink)
jbensley MINI2 Senior Join Date: Aug 2004 Local Time: 06:32 AM Posts: 672 Offline	What? Am I the only one who got tricked to sell a kidney for a MINI?

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Rate This Thread
Rate This Thread:

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
How did you pay for/finance your MINI?	RDemo2	Finance & Insurance	14	Apr 13th, 2005 12:23 PM
How much did you pay for MINI	sherryyao55	General Discussion	13	Feb 11th, 2005 11:02 PM
How did you pay for your Mini?	Tom F.	General Discussion	37	Jan 12th, 2003 04:09 AM
What's the best way to pay for mini?	eayscm	MINI Cooper	30	Sep 29th, 2002 10:01 AM
How much did you pay for your MINI?	Electrc109	General Discussion	10	Aug 1st, 2002 06:51 AM