Anyone know of good PCP Finance plans

[Penelope79]

Hi, I'm just about to purchase my first Mini Cooper!! Yippee.
I am trying to find some good PCP finance quotes below 10.9% APR over 3 years.

If anyone can shed some light it would be a great help.

[am3n3]

Depending on how sound your credit history is, it's possible to get 9.9% (or less???) APR from Mini finance if you haggle hard. I was given an initial rate of 13.9%, which was horrendous, and went back to my dealer with APR rates and total paid over 3 years from other companies until he came back with the best PCP plan.

I found several banks that had lower amounts paid over 3 years, but those tended to be unsecured loans and didn't appear to have an option to go straight into a new PCP plan for your next car (if that's what you want to do), but maybe I'm wrong on this front.

In addition to Mini Finance I also shopped quotes from Marks & Spencer, Alliance & Leicester, HSBC, and Sainsburys. A&L and M&S are unsecured loans (you own outright) and quoted lower amts. paid at the end of 3 years (before the final pmt), while with the rest the bank owns the car registered in your name.

Hope that helps!