Advice re: Mini Finance

Inactive

Best advice; buy a good used car with your £3000 for cash and don't feed the dealers/finance companies.;)

motorguy

Inactive wrote: »

Best advice; buy a good used car with your £3000 for cash and don't feed the dealers/finance companies.;)

I have to say when i see what i was able to buy for less than £1000, there must be some really superb cars around for £3000.

matt1987

pgilc1 wrote: »

The basic car comes in at £13120.
Metallic adds £365.

With a little discount and the £3K deposit the O/P would be financing £10K.

£10K over 4 years works out at £258 a month.

Wow, didnt realise they had jumped so much in price in 9 months!

They have deffo had a price increase since we bought!

Exemplar

We bought a Clubman One in December 2009. Gave £5600 deposit (pex). Got £2000 discount. Fully specced with heated seats, Bluetooth, MP3, pimped windows etc. Over 3 years its £210 per month which was within our budget.... what was sweet is the fact that 4 weeks after we purchased the dealer rang us offering us £500 over the price we paid as someone else had come in looking for the exact same car but didnt want to wait.... And even sweeter still is that the deal on new was £30 a month cheaper than an unspecced 6 month old one!!

Doozergirl

I'd price up a Cooper if I were you. It's interesting that speccing the cars up adds an awful lot to the monthly premium that you pay so you are probably better off buying a car that is specced higher as standard (it's the wheels adding money there so look for something with bigger wheels - Cooper with Chilli Pack?)

My Cooper S Clubman I bought 9 months old. I put £1000 down and I pay just under £300 a month over three years which puts the monthly payments up and I paid a much lower deposit. Guaranteed future value is £6000 and something. No offence, but I'd rather own my car than a ONE!

I did have a specced up Cooper and the payments were the same. Lots of extras pushed the price up. I did a lot of research on Personal Leasing as well and it was the same - could get the base for a decent price but big wheels were pushing the quotes up by £50 a month!

You do have to push their prices down. I pushed them really hard on my Cooper, less hard on the Cooper S - I just asked them to match what I was paying and they came down £30 a month. Think you might be better off looking at a better model, slightly second hand.