will i get accepted for finance? - MINI Cooper Forum
Go Back   MINI Cooper Forum > All Models & Variants > Finance & Insurance


Finance & Insurance Use this forum to discuss financing and insuring your MINI

Mini2.com is the premier Mini Cooper Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Rate Thread
  #1 (permalink)  
Old Mar 24th, 2014, 10:49 PM
MINI2 Newbie
Offline
 
Join Date: Mar 2014
Posts: 27
Local Time: 05:01 PM
United Kingdom
will i get accepted for finance?

Hi guys,
after some deliberation i have decided to purchase a mini in sept 2014, hopefully a new one. i am going to place a 2000 deposit down, then finance the rest. I am hoping to buy either a mini one, or a mini cooper.
I have been checking out my credit score, and currently my score is fair on experian. i earn a relatively small amount a year (15,000) but i have done my sums and know i can afford the repayments min have quoted me (250 a month on PCP)
My question is, do you think i will get accepted for finance? Has anyone else been in a similar situation and been accepted or declined? i have never missed any repayments, and i have just taken out a credit builder card, which i am going to pay in full each month. Do you think this will be enough? I would really like to buy in sept as my current cars (ford ka) MOT runs out then, and my garage don't think it will make it through another mot.
Any advice is most appreciated :-)
Reply With Quote
Sponsored Links
Advertisement
 
  #2 (permalink)  
Old Mar 25th, 2014, 07:49 AM
MINI2 Premium Member
MINI2 Master
Offline
 
Join Date: Mar 2012
Posts: 3,056
Local Time: 05:01 PM
United Kingdom Male
If youre going to buy a new MINI and its from a MINI BMW dealership they will check your credit there and you will get an answer usually the next day, why not pop into a dealer and tell them what you wanted to do in September and see if they will advise you its all ok or if they think theyre might be a problem?
I sure they would be only to glad to help do what they can to sell you a new one, you might even get a free cup of coffee.
A lot can change though between now and September you know?
Reply With Quote
  #3 (permalink)  
Old Mar 25th, 2014, 10:28 AM
MINI2 Regular
Offline
 
Join Date: Feb 2014
Location: Derbyshire
Posts: 76
Local Time: 05:01 PM
United Kingdom
On 15k p/a why buy brand new?
Reply With Quote
  #4 (permalink)  
Old Mar 25th, 2014, 12:27 PM
MINI2 Senior
Offline
 
Join Date: Apr 2012
Location: Suffolk - UK
Posts: 457
Local Time: 05:01 PM
United Kingdom Male
Also try your own bank for a loan, if MINI are not doing any deals then you may find that the bank will give you a better rate.
Reply With Quote
  #5 (permalink)  
Old Mar 25th, 2014, 03:50 PM
MINI2 Newbie
Offline
 
Join Date: Mar 2014
Posts: 27
Local Time: 05:01 PM
United Kingdom
Quote: Originally Posted by Big_Nige (original)
On 15k p/a why buy brand new?

because i have saved up the deposit, and i know i can afford the repayments on the car i would like, i have already received a fianance quote on the car i would like.
Reply With Quote
  #6 (permalink)  
Old Mar 25th, 2014, 05:18 PM
SGT Slaughter & Farm Girl
Offline
 
Join Date: Feb 2014
Location: USA, New Jersey
Posts: 193
Local Time: 12:01 PM
United States Male
Post Give Credit Where Credit Is Due....

Totally check with MINI BMW about the credit, we got a great rate of 0.9 or 0.6 on the new Countryman (one of the two percents The wife...AKA, Farm Girl knows the exact numbers) I just drive the dang thing!

They do have great deals @ MINI BMW
Reply With Quote
  #7 (permalink)  
Old Apr 5th, 2014, 10:21 PM
christian6984's Avatar
MINI2 Regular
Offline
 
Join Date: Jun 2009
Location: Lancashire
Posts: 83
Local Time: 05:01 PM
United Kingdom Male
On PCP you can pay the smallish deposit and if the car is worth worth more than the GFMV that amount over can be used to get into another new car and keep monthlys similar, the risk is if its worth less than GFMV you can hand it back and let the finance company take the loss but your starting out again having to put a deposit in. This is were mini is advantageous with low depreciation, but all dependent on what the dealer thinks the cars worth at the end of payments. either they will be lumbered with cars (setting it too high) or have people wanting to buy them as there worth more than there gonna pay for them (set below value).

Also PCP doesnt tie you to one manufacturer you can change brand if you wish
Reply With Quote
  #8 (permalink)  
Old Jun 19th, 2014, 04:06 PM
MINI2 Senior
Offline
 
Join Date: Apr 2012
Location: Suffolk - UK
Posts: 457
Local Time: 05:01 PM
United Kingdom Male
Quote: Originally Posted by ronpagg (original)
You will try to your own saving account. It have to use in you choose as well.

Thanks,


WTF !!!!

Has Habbi been reincarnated as Ronpagg?
Reply With Quote
Sponsored Links
Advertisement
 
Reply


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

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

» Recent Threads
MOT Advisories - Would you buy this car?
Today 01:34 PM
Last post by RoomForFour
Today 01:34 PM
0 Replies, 69 Views
Annoying vibration in the dashboard
Feb 14th, 2012 12:38 AM
Last post by ryanharris
Today 01:01 PM
8 Replies, 3,236 Views
LED Daytime running lights - retro fit
Apr 15th, 2014 06:08 PM
Last post by french01
Today 12:57 PM
7 Replies, 1,443 Views
What Sat nav cd do I need?
Today 11:47 AM
Last post by uk_ricky_uk
Today 11:55 AM
1 Replies, 63 Views
Paint warrenty
Today 10:16 AM
by Peter85
Last post by The Nun
Today 11:52 AM
1 Replies, 81 Views
Drivers door actuator, fitment?
Oct 6th, 2014 05:13 PM
Last post by uk_ricky_uk
Today 11:49 AM
2 Replies, 440 Views
Misfiring R55 JCW engine in 6th gear between 2k-3k RPM with throttle wide open
Oct 21st, 2014 10:30 AM
Last post by Mr Muffin
Today 11:00 AM
8 Replies, 790 Views
R56 Aux and Usb
Today 10:41 AM
by Redevo
Last post by Redevo
Today 10:41 AM
0 Replies, 76 Views
Sprintbooster for MINI Cooper R56
May 14th, 2009 04:29 PM
Last post by Gacek191
Today 07:41 AM
9 Replies, 3,475 Views
I need a tool to flash a JCW map to my 04 MCS ECU
Yesterday 09:42 PM
Last post by djtmalta
Yesterday 10:36 PM
2 Replies, 235 Views
Electric window stopped working
Jul 6th, 2006 03:48 PM
Last post by regarp
Yesterday 06:22 PM
34 Replies, 65,980 Views
Bonnet touching body
Aug 15th, 2014 03:47 PM
Last post by The Nun
Yesterday 03:58 PM
3 Replies, 467 Views
Facebook page selling mini parts around the uk
Yesterday 11:50 AM
by Alex93x
Last post by Restyle
Yesterday 03:25 PM
2 Replies, 167 Views
New Mini Cooper D - Worth the money?
Yesterday 01:33 PM
Last post by dangoodwin
Yesterday 01:33 PM
0 Replies, 147 Views
Mini Clubman Barn Doors Won't Lock
Oct 22nd, 2014 03:51 AM
Last post by WeeBad
Yesterday 01:03 PM
3 Replies, 443 Views
R56 Footwell module dead
Jul 15th, 2014 04:19 AM
by miniuy
Last post by k3fus
Yesterday 07:16 AM
6 Replies, 1,297 Views
inside lights
Oct 23rd, 2014 11:19 PM
Last post by bigmamabear
Oct 23rd, 2014 11:19 PM
0 Replies, 192 Views
Lights on warning not working
Oct 21st, 2014 11:42 AM
by S2dicky
Last post by S2dicky
Oct 23rd, 2014 09:16 PM
4 Replies, 493 Views
Smoked Headlight Covers GTO276S
Oct 23rd, 2014 08:49 PM
by tmath23
Last post by tmath23
Oct 23rd, 2014 08:49 PM
0 Replies, 195 Views
engine fan on more frequently
Oct 16th, 2014 01:46 PM
Last post by stewarth
Oct 23rd, 2014 07:27 PM
3 Replies, 676 Views
» Premium
» Auto Insurance
Wheel & Tire Center

Powered by vBadvanced CMPS v3.2.1

All times are GMT. The time now is 04:01 PM.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.2