Mini Select

Ian73

Hi all,my GF has been looking to get a new car (a Mini) and has seen their Mini Select plan (PCP) Where you put a deposit down,pay a lower monthly instalment,and after 3 or 4 yrs have a final payment. Heres the link to the site http://www.mini.co.uk/UK/html/finance_insurance/finance_own_mini/mini_select.html

What i want to know is,does it sound a good deal or would normal finace be better??

Thanks for any info

Ian

mrcow

Ian it's impossible for anyone to advise on this with any authority as you've not posted any available rates. Also:

How much is the car?
How long is she going to keep it for? What useage is she going to get out if it?
How much is it going to be worth by the end of the finance?
What rate are Mini offering?
What's her credit rating like?
What rate could she get from a loan company? Over how many years?
Does she have other debt?

She's going to have to do some homework for herself before any of the figures start making sense.