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Discussion Starter · #1 ·
Anybody got any experience of comiong out of a MINI Select deal early?

How did it go? Did you end up hugely out of pocket.

Thinking of putting Dooper back after 6 month of 2 year deal and buying a £2>£3k BMW instead:eek:
 

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JCW 250
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1,124 Posts
Good luck. In my experience it tends to be that the sooner you come out of the deal the more you lose - but thats just my experience with my car... Hopefully you will fair slightly better :)
 

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IJ 2009 - Team 81
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3,223 Posts
You can sell up and settle at any time. The thing is that you have to pay off whatever settlement figure they give you. So if the car is worth less than the settlement figure then you'll need to find the difference from somewhere else, eating into your £2-3k BMW no doubt. If the car does have enough equity on it to pay off the finance then you're laughing, but something tells me this won't be the case. In the first 6 months of the deal you'll be mostly be paying off interset on the loan so the sellement figure won't have dropped as quickly as the value of your Dooper.

A clause you may wish to look into is the handing of the car back with nothing to pay once you've paid 50% of the finance. This will be somewhere between 12 & 18 months into your 2 yr deal. If this is of interest it may be a better option than buying a car for 2-3k now that has no warranty and an increased likelyhood of maintenance outlay, MOT failure etc. Depends why you want to swap your Dooper really.
 

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Discussion Starter · #6 ·
MGFV is more than 50% so i'll never hit that.
I reckon i'd be settlement would be close to value just now so thought i might be able to walk away. Deal on beemer has fallen through so be leaving it just now.

Thinking of swapping Dooper cause im bored and miss RWD and it's too bloody dear for what it is.

Sticking just now though.

cheers
 

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I get my kicks in an R56
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481 Posts
Added to that, your dealer may talk you out of it as any commision they earnt from your deal will more than likely be taken back by the finance company.

I would honestly stick with it though,it'll cost you dear to come out as you'll have really only just paid the interest on the deal
 
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