MINI2

flav · Apr 13th, 2004, 09:04 PM

just got an insurance quote for a cooper s. it is $84 a month. i live in cleveland, OH. and i am a 28 year old male with two tickets on my record. another $50 every six months gets me a 100,000 mile 7 year extended bumper to bumper warrenty. pretty damn good. that is with geico insurance.

ScottyB · Apr 13th, 2004, 10:04 PM

In OZ, the best I could get was through GIO.

21 yo male. 40% No claim.

$1914 a year.

If anything happens to it in the first 2 years (i.e. write-off - GOD forbid!) they replace the car with a new one to exactly the same spec.

Barnabas · Apr 13th, 2004, 10:51 PM

Geez, $84 a month! That's so cheap. I had a minor (bumper only) accident 5 yrs ago and insurance on any new car is around $200. I think the insurance on my current car ('93 Accord LX) is $85.

flav · Apr 13th, 2004, 10:54 PM

crazy huh. thats also with a $500 deductable. and the car is also financed through BMW. so it is full coverage. full coverage is what they made me get in order to finance the car. but i get dinged on the financing. my interest rate is...........get ready for this one.............11.9%. i think that is the worst interest rate i have ever seen. but i want the car so i'll pay it.

OregonCooper · Apr 13th, 2004, 11:54 PM

Quote: Originally Posted by flav

crazy huh. thats also with a $500 deductable. and the car is also financed through BMW. so it is full coverage. full coverage is what they made me get in order to finance the car. but i get dinged on the financing. my interest rate is...........get ready for this one.............11.9%. i think that is the worst interest rate i have ever seen. but i want the car so i'll pay it.

Wow, I just financed my MC through BMW and got 4.5% interest. I picked up my MC on Mar 31st.

ScottyB · Apr 13th, 2004, 11:57 PM

Quote: Originally Posted by flav

crazy huh. thats also with a $500 deductable. and the car is also financed through BMW. so it is full coverage. full coverage is what they made me get in order to finance the car. but i get dinged on the financing. my interest rate is...........get ready for this one.............11.9%. i think that is the worst interest rate i have ever seen. but i want the car so i'll pay it.

I too am financing through BMW. 8.95% with no contribution (i.e all value of car), or 7.95% with 20% towards the car.

Barnabas · Apr 14th, 2004, 12:35 AM

Holy crap. That's some crazy financing rates! Why did you guys go w/ BMW and get such a high rate? Why not go w/ CapitalOne or other lenders?

ScottyB · Apr 14th, 2004, 12:39 AM

Quote: Originally Posted by Barnabas

Holy crap. That's some crazy financing rates! Why did you guys go w/ BMW and get such a high rate? Why not go w/ CapitalOne or other lenders?

BMW actually had the best in OZ.

Well, equal anyway to other lenders.

gone_motoring · Apr 14th, 2004, 01:30 AM

yeah, my MA today said I could get 3.54% if I finance thru BMW...that's better then the 3.99 that I had been planning to go with.

flav · Apr 14th, 2004, 01:40 AM

my credit is horrible. BMW is the only company that would finance me. and that horrible interest rate is with 50% down on the car in cash.

HiredGuns · Apr 14th, 2004, 03:37 AM

I pick up my MCS "red" May 1. I got 3.25% and my insurance is $63.33 per month $760.00 per year full coverage. Sold my Porsche Carrera Cab just to drive this little booger... As of May 1 let the games begin!

ScottyB · Apr 14th, 2004, 04:37 AM

3.25%!!

Much stronger economy? I guess. 8 is like the lowest we see in OZ unless you have a house mortgage to add your car to. Even then, mortgages are like 5% methinks

Dave&Stacy · Apr 14th, 2004, 12:36 PM

Got my JCW MCS insurance quote a couple weeks ago. Clean record & multiple car discount. $74/mo. through Allstate.

ninethreeeleven · Apr 14th, 2004, 06:06 PM

my friend is getting a used Jeep Grand Cherokee (eek!) from an Acrua dealer (trading in his lease) they offered him 6.9% a friend told him to just go in and say that the got 5.9% from a outside bank. The guy said he would check, five minutes later he's like "we can do 5.9%"
funny I thought, just a tip for you all, only takes a few seconds to ask.

font · Apr 14th, 2004, 10:58 PM

Here's a question: Does it cost less (in the US, for instance), to insure a car that is bought and paid for versus one that is financed? I think my annual car insurance is less than US$700 (including my MCS), but I'm not living in the city proper, either.

ninethreeeleven · Apr 15th, 2004, 04:18 AM

all I know is that you will probably have to upgrade the insurance to cover everything like a leased vehicle. right now I have the bare minimum on my car, just enough to keep it on the road. Although I do have glass coverage as I have had 4 windsheilds in my last 2 cars.... doh!

Apr 13th, 2004, 09:04 PM	#1
flav MINI VANILLI Join Date: Mar 2004 Location: cleveland, ohio Local Time: 06:54 AM Posts: 208 Offline	just got an insurance quote for a cooper s just got an insurance quote for a cooper s. it is $84 a month. i live in cleveland, OH. and i am a 28 year old male with two tickets on my record. another $50 every six months gets me a 100,000 mile 7 year extended bumper to bumper warrenty. pretty damn good. that is with geico insurance.

Apr 14th, 2004, 12:36 PM	#13 (permalink)
Dave&Stacy SCCA ClubRallyists Join Date: Apr 2004 Location: In the country... Local Time: 06:54 AM Posts: 216 Offline	Got my JCW MCS insurance quote a couple weeks ago. Clean record & multiple car discount. $74/mo. through Allstate. "Sideways at 80 mph through the woods. Is there a more intense rush?" - 2005 CR/W MCS, JCW Kit, Xenons, DSC, On-Board Comp., 3-spoke Multifunction, F/R Fogs, Extra 15" 7-hole Wheels for Rally Tires -

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Apr 13th, 2004, 10:04 PM	#2 (permalink)
ScottyB Take me down to Paradise My Classifieds Join Date: Mar 2004 Location: David McGhan's World Local Time: 09:54 PM Posts: 192,907 Offline	In OZ, the best I could get was through GIO. 21 yo male. 40% No claim. $1914 a year. If anything happens to it in the first 2 years (i.e. write-off - GOD forbid!) they replace the car with a new one to exactly the same spec.

Apr 13th, 2004, 10:51 PM	#3 (permalink)
Barnabas Destroying your MINI Join Date: Mar 2004 Location: Orlando, FL Local Time: 04:54 AM Posts: 1,195 Offline	Geez, $84 a month! That's so cheap. I had a minor (bumper only) accident 5 yrs ago and insurance on any new car is around $200. I think the insurance on my current car ('93 Accord LX) is $85.

Apr 13th, 2004, 10:54 PM	#4 (permalink)
flav MINI VANILLI Join Date: Mar 2004 Location: cleveland, ohio Local Time: 06:54 AM Posts: 208 Offline	crazy huh. thats also with a $500 deductable. and the car is also financed through BMW. so it is full coverage. full coverage is what they made me get in order to finance the car. but i get dinged on the financing. my interest rate is...........get ready for this one.............11.9%. i think that is the worst interest rate i have ever seen. but i want the car so i'll pay it.

Apr 13th, 2004, 11:54 PM	#5 (permalink)
OregonCooper MINI2 Regular Join Date: Dec 2003 Location: Hillsboro, OR Local Time: 04:54 AM Posts: 89 Offline	Quote: Originally Posted by flav crazy huh. thats also with a $500 deductable. and the car is also financed through BMW. so it is full coverage. full coverage is what they made me get in order to finance the car. but i get dinged on the financing. my interest rate is...........get ready for this one.............11.9%. i think that is the worst interest rate i have ever seen. but i want the car so i'll pay it. Wow, I just financed my MC through BMW and got 4.5% interest. I picked up my MC on Mar 31st.

Apr 13th, 2004, 11:57 PM	#6 (permalink)
ScottyB Take me down to Paradise My Classifieds Join Date: Mar 2004 Location: David McGhan's World Local Time: 09:54 PM Posts: 192,907 Offline	Quote: Originally Posted by flav crazy huh. thats also with a $500 deductable. and the car is also financed through BMW. so it is full coverage. full coverage is what they made me get in order to finance the car. but i get dinged on the financing. my interest rate is...........get ready for this one.............11.9%. i think that is the worst interest rate i have ever seen. but i want the car so i'll pay it. I too am financing through BMW. 8.95% with no contribution (i.e all value of car), or 7.95% with 20% towards the car.

Apr 14th, 2004, 12:35 AM	#7 (permalink)
Barnabas Destroying your MINI Join Date: Mar 2004 Location: Orlando, FL Local Time: 04:54 AM Posts: 1,195 Offline	Holy crap. That's some crazy financing rates! Why did you guys go w/ BMW and get such a high rate? Why not go w/ CapitalOne or other lenders?

Apr 14th, 2004, 12:39 AM	#8 (permalink)
ScottyB Take me down to Paradise My Classifieds Join Date: Mar 2004 Location: David McGhan's World Local Time: 09:54 PM Posts: 192,907 Offline	Quote: Originally Posted by Barnabas Holy crap. That's some crazy financing rates! Why did you guys go w/ BMW and get such a high rate? Why not go w/ CapitalOne or other lenders? BMW actually had the best in OZ. Well, equal anyway to other lenders.

Apr 14th, 2004, 01:30 AM	#9 (permalink)
gone_motoring MINI owner Join Date: Jan 2004 Location: Louisville, KY Local Time: 07:54 AM Posts: 177 Offline	yeah, my MA today said I could get 3.54% if I finance thru BMW...that's better then the 3.99 that I had been planning to go with.

Apr 14th, 2004, 01:40 AM	#10 (permalink)
flav MINI VANILLI Join Date: Mar 2004 Location: cleveland, ohio Local Time: 06:54 AM Posts: 208 Offline	my credit is horrible. BMW is the only company that would finance me. and that horrible interest rate is with 50% down on the car in cash.

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Apr 14th, 2004, 03:37 AM	#11 (permalink)
HiredGuns HiredGuns Join Date: Apr 2004 Location: California Local Time: 04:54 AM Posts: 15 Offline	I pick up my MCS "red" May 1. I got 3.25% and my insurance is $63.33 per month $760.00 per year full coverage. Sold my Porsche Carrera Cab just to drive this little booger... As of May 1 let the games begin!

Apr 14th, 2004, 04:37 AM	#12 (permalink)
ScottyB Take me down to Paradise My Classifieds Join Date: Mar 2004 Location: David McGhan's World Local Time: 09:54 PM Posts: 192,907 Offline	3.25%!! Much stronger economy? I guess. 8 is like the lowest we see in OZ unless you have a house mortgage to add your car to. Even then, mortgages are like 5% methinks

Apr 14th, 2004, 06:06 PM	#14 (permalink)
ninethreeeleven It is Inevitable... Join Date: Mar 2004 Location: The Empire State Local Time: 07:54 AM Posts: 109 Offline	my friend is getting a used Jeep Grand Cherokee (eek!) from an Acrua dealer (trading in his lease) they offered him 6.9% a friend told him to just go in and say that the got 5.9% from a outside bank. The guy said he would check, five minutes later he's like "we can do 5.9%" funny I thought, just a tip for you all, only takes a few seconds to ask.

Apr 14th, 2004, 10:58 PM	#15 (permalink)
font Diversi-DIAL Veteran Join Date: Jul 2003 Location: Chicagoland, US Local Time: 05:54 AM Posts: 51 Offline	Here's a question: Does it cost less (in the US, for instance), to insure a car that is bought and paid for versus one that is financed? I think my annual car insurance is less than US$700 (including my MCS), but I'm not living in the city proper, either.

Apr 15th, 2004, 04:18 AM	#16 (permalink)
ninethreeeleven It is Inevitable... Join Date: Mar 2004 Location: The Empire State Local Time: 07:54 AM Posts: 109 Offline	all I know is that you will probably have to upgrade the insurance to cover everything like a leased vehicle. right now I have the bare minimum on my car, just enough to keep it on the road. Although I do have glass coverage as I have had 4 windsheilds in my last 2 cars.... doh!