Mini Car Finance

Wonder_Woman

Kirium wrote: »

Hi, looking into trading in my wife's current Mini for another (her 3rd, no issues, maintenance free apart from tyres). We are also tempted by Mini Select and are at the same crossroads - new v. nearly new. Did you use Mini Select or did you obtain non dealer finance ? What was the finance cost differences over new to nearly new ?
Thanks in advance, Matt

Hi Matt, we found new to be a much better deal as the finance is at 4.9% rather than the higher rate on the used vehicles. Not sure if the 4.9 only applies to certain models - we wanted a countryman anyway so it didn't matter to us. It works out that with the saving on the list price we are paying back (overall) the same amount we would've paid for a car that was a year old and not to our personal specification.

I know it doesn't apply to every scenario but my advice would be to look at new as with some of the finance deals that are out there it can work out cheaper.

ETA: Yes, Mini select as couldn't get such a large loan so cheaply anywhere else we looked.