MINI2

JDD · Apr 9th, 2002, 05:35 AM

OK there's not much room to negotiate on price/extras, but has anyone had any luck negotiating on discounted finance?

I will be looking to finance my new mini on MINI Select, quoted at around 13% interest rate. Has anyone knocked down the 13%?

rpenhale · Apr 9th, 2002, 06:04 AM

Hi,

I went into my dealer with a quote from HSBC Carchoice which quoted me 9.2% APR, they promptly responded offering me 8.7%APR. I gave them the deposit there and then. Has anyone else had other experiences like me?

Varse · Apr 9th, 2002, 06:20 AM

I think there is a thread on this somewhere, try the search. I got 8.4% and I know some people got 7.9%, basically they will match or beat any rate you find.

jobseeker · Apr 9th, 2002, 06:21 AM

I bought mine on lease purchase (like PCP but final settlement value not guaranteed and you can vary it) using dealer finance. They insisted that 4.3% flat (8.9% apr) was the lowest they could go, but I've seen people on here say they got 3.9% flat. There are very low rates for straight personal loans quoted by people like Tesco and Lombard (check their websites). The problem is that you don't know what APR you're actually going to get until you apply. Then if you don't like it you have to apply elsewhere. Too much of that and your credit scoring could be affected by too many searches.

Varse · Apr 9th, 2002, 07:35 AM

Too true, my girlfriend just applied for a car loan with Northern Rock and they said, oh you've just missed out on the 8.9% but we can offer you 10.1%. By that point you've already been credit scored and you risk going elsewhere and them refusing you and having loads of searches on your file.

On that point can I recommend to anyone to get a copy of their credit report from Experian. It's amazing the number of mistakes there are that need correcting.

Many companies search you more than once in the space of three months, which they aren't supposed to do and this affects your credit score. This includes mortgage companies, all of these can be removed if you contact the companies involved.

Dom · Apr 9th, 2002, 07:39 AM

Do they have a website, could be fun to see my credit history!!

Dom

Edit:Never mind, found it! www.experian.co.uk - wasn't too hard to guess!

My MINI me and me · Apr 9th, 2002, 01:23 PM

MINI Finance at 4.25 flat to match Alliance and Leceister's 8.5 APR.

Kinster · Apr 10th, 2002, 04:50 AM

A & L offer 8.5% car loan (deferred payment) and standard loan

Minty · Apr 10th, 2002, 07:10 AM

BMW Finance matched the 8.2% the A&L offered.

Ciaran Darcy · Apr 10th, 2002, 08:55 AM

Quote:

Originally posted by Minty
BMW Finance matched the 8.2% the A&L offered.

Yep, same here....we got an extra special offer from NWest (due to the type of account we have) and BMW, by some kind of miracle, matched that!

I've heard the same thing with most garages...they'll match any rate you get. Given the ease of getting quotes from the internet, thats what I'd do in future, just get the lowest and they'll match it!

As above, first quoted rate was around 13% (I tried not to laugh too much!!)

santacruz · Apr 10th, 2002, 12:06 PM

BMW are offering me 7.7% straight off with an assurance they will match any lower quote I can find. First time BMW have ever quoted me anything like the lowest price for finance! wow

Apr 9th, 2002, 05:35 AM	#1
JDD MINI2 Newbie Join Date: Apr 2002 Location: UK Local Time: 09:59 AM Posts: 2 Offline	Finance OK there's not much room to negotiate on price/extras, but has anyone had any luck negotiating on discounted finance? I will be looking to finance my new mini on MINI Select, quoted at around 13% interest rate. Has anyone knocked down the 13%?

Apr 9th, 2002, 06:04 AM	#2 (permalink)
rpenhale MINI2 Regular Join Date: Mar 2002 Location: Devon Local Time: 10:59 AM Posts: 66 Offline	Finance Hi, I went into my dealer with a quote from HSBC Carchoice which quoted me 9.2% APR, they promptly responded offering me 8.7%APR. I gave them the deposit there and then. Has anyone else had other experiences like me?

Apr 9th, 2002, 06:20 AM	#3 (permalink)
Varse MINI2 Regular Join Date: Oct 2001 Location: Bracknell, Berks Local Time: 10:59 AM Posts: 247 Offline	I think there is a thread on this somewhere, try the search. I got 8.4% and I know some people got 7.9%, basically they will match or beat any rate you find. Varse's Velvet Beauty Mk11 is no longer, sold back to my dealer.

Apr 9th, 2002, 07:35 AM	#5 (permalink)
Varse MINI2 Regular Join Date: Oct 2001 Location: Bracknell, Berks Local Time: 10:59 AM Posts: 247 Offline	Too true, my girlfriend just applied for a car loan with Northern Rock and they said, oh you've just missed out on the 8.9% but we can offer you 10.1%. By that point you've already been credit scored and you risk going elsewhere and them refusing you and having loads of searches on your file. On that point can I recommend to anyone to get a copy of their credit report from Experian. It's amazing the number of mistakes there are that need correcting. Many companies search you more than once in the space of three months, which they aren't supposed to do and this affects your credit score. This includes mortgage companies, all of these can be removed if you contact the companies involved. Varse's Velvet Beauty Mk11 is no longer, sold back to my dealer.

Apr 9th, 2002, 01:23 PM	#7 (permalink)
My MINI me and me MINI2 Regular My Classifieds Join Date: Nov 2001 Location: London (north) Local Time: 10:59 AM Posts: 129 Offline	MINI Finance at 4.25 flat to match Alliance and Leceister's 8.5 APR. I shall call him..."MINI-Me"! Silver/Black MC CVT 30/03/02 -11/02/06 "MINI Me Too" Chilli Red MCSa arrived 03/03/06 "MINI Me 3" Chilli Red/Black Clubman D 18/01/08 - AKA Jeremy C

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Apr 9th, 2002, 06:21 AM	#4 (permalink)
jobseeker MINI2 Regular Join Date: Mar 2002 Location: Leeds Local Time: 09:59 AM Posts: 52 Offline	I bought mine on lease purchase (like PCP but final settlement value not guaranteed and you can vary it) using dealer finance. They insisted that 4.3% flat (8.9% apr) was the lowest they could go, but I've seen people on here say they got 3.9% flat. There are very low rates for straight personal loans quoted by people like Tesco and Lombard (check their websites). The problem is that you don't know what APR you're actually going to get until you apply. Then if you don't like it you have to apply elsewhere. Too much of that and your credit scoring could be affected by too many searches.

Apr 9th, 2002, 07:39 AM	#6 (permalink)
Dom Test thread infiltrator Join Date: Oct 2001 Location: Swindon Local Time: 10:59 AM Posts: 8,543 Offline	Do they have a website, could be fun to see my credit history!! Dom Edit:Never mind, found it! www.experian.co.uk - wasn't too hard to guess!

Apr 10th, 2002, 04:50 AM	#8 (permalink)
Kinster BarWeetGarNarWeetNinnyBon Join Date: Jan 2002 Location: Location: Location Local Time: 10:59 AM Posts: 2,709 Offline	A & L offer 8.5% car loan (deferred payment) and standard loan Hyper Blue/Blue MCSC with Chilli 'No man will make a great leader who wants to do it all himself' A. Carnegie

Apr 10th, 2002, 07:10 AM	#9 (permalink)
Minty Man in the know! Join Date: Sep 2001 Location: Coventry/Warwick Local Time: 10:59 AM Posts: 4,005 Offline	BMW Finance matched the 8.2% the A&L offered. E-Mail Me \| Minty - Reaches parts other people can't.

Apr 10th, 2002, 08:55 AM	#10 (permalink)
Ciaran Darcy MINI2 Regular Join Date: Nov 2001 Location: Bristol Local Time: 09:59 AM Posts: 114 Offline	Quote: Originally posted by Minty BMW Finance matched the 8.2% the A&L offered. Yep, same here....we got an extra special offer from NWest (due to the type of account we have) and BMW, by some kind of miracle, matched that! I've heard the same thing with most garages...they'll match any rate you get. Given the ease of getting quotes from the internet, thats what I'd do in future, just get the lowest and they'll match it! As above, first quoted rate was around 13% (I tried not to laugh too much!!) Definitely the most handsome Mini Cooper driver in the Southwest (if not the world)!

Apr 10th, 2002, 12:06 PM	#11 (permalink)
santacruz MINI2 Regular Join Date: Mar 2002 Location: Edinburgh Local Time: 09:59 AM Posts: 150 Offline	BMW are offering me 7.7% straight off with an assurance they will match any lower quote I can find. First time BMW have ever quoted me anything like the lowest price for finance! wow

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