Thinking of buying a mini and trying to fund it
Any advice gratefully received. I am thinking of buying either an 58, 09 or 59 mini with c.30,000 on the clock with chilli pack, panoramic sunroof etc - they are priced between 8950 (the 58 without sunroof with Bluetooth) and 9950 (sunroof without Bluetooth and leather lounge). The colour is Pepper White with black roof and trimmings. Or alternatively there is a Sidewalk 58 with 26,000 miles at 8750 but not from a main dealer and near Basingstoke which with my now carless state could be tricky to get to! I would love to have a panoramic but am concerned by all the problems people seem to have from them and can I have included in any warranty.
My bank says interest rates are quite high at the moment and I wonder whether it would be worthwhile me going for a PCP deal and then try and convert it into a loan via my bank once interest rates drop? Apparently according to the dealership I won't be penalised if I pay of the financing early? How much deposit do you recommend that I put down the APR appears to be c.11% over 3 years and the models on the website seem to say a 10% deposit is enough but I was thinking of a £1,500-2,000....the final payment appears to be c. £3,600. The salesperson did say that you can negotiate on the APR. Do you think that I could negotiate on price of car/APR? Also what do you think I should pay for the car, is this excessive? Many thanks for your help. LotsC