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Old Nov 20th, 2012, 05:42 AM
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Smile 50:50 v other offers

Hello all.
I"m looking to buy an Mcs and have a couple of questions. ...

I like the idea of the 50:50 finance deal , ie pay half up front and nothing for 2 years . My MINI dealer said " no one really is interested in that deal most go for mini finance " . Is this true or does it mean dealer makes most out of their finance deal so its just a sales tactic .

Also why do Lloyds Bank offer a better deal than Mini finance on the face of it a PCP with lloyds is cheaper as they give a discount on the car ., deposit is £3k less and monthly repayments lower ?

Finally what is the best time to get a deal with BMW -
end of december or end of march ?

I look forward to hearing others views and experiences of negotiating deals with Mini

Thanks

Dave
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Old Nov 20th, 2012, 07:35 AM
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I'm condisering 50/50 on my next car if it is still being offered in a couple of years time.

Like the thought of only paying for half of it and then stashing the remainder in an interest paying account for a couple of years. That way I plan to get some extra's I would not really go for because of price, and fund the balance with a personal loan over two years starting from when I get the car, again stash the loan money in the account and start paying it off straight away.

Two years later, you have the cash for the balance, a bit to spare (hopefully with the interest) and you own your car outright, no finance.

Girl I work with has bought a BMW One on the lease thing. She is paying almost £300 a month for 4 years, and then she has to find the balance of £8k - to buy a 4 year old car, in my mind after having a car for 4 years you would be wanting a change for something a bit newer.
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Old Nov 20th, 2012, 02:46 PM
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Of course the dealer wants you to have finance, they get a nice back hander for arranging it all, in fact my dealer said the worst customer as far as he was concerned was one that came in and paid all the cash up front.
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