R50/R53 :: Hatch Talk (2002-2006) Cooper (R50) and Cooper S (R53) hatchback discussion.

R50/53 Will there be a 0% finance or any good financing deals for a MCS?

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  #26  
Old 04-30-2005 | 07:31 PM
VmpyrDavid's Avatar
VmpyrDavid
Minty Fresh
Joined: Apr 2003
Posts: 411
Likes: 0
From: Charleston, SC
The second you see cash back & 0% financing on a MINI, the high resale value of every MINI owned will DROP considerably. I, for one, hope to never see that day. Try to trade in a vehicle that currently has or had in the past incentive money or low/no APR on it. You won't get JACK for the car. Someone else said it here, it's an INSTANT De-Valuing of the vehicle. The reason the money is attached to the car is because it isn't being sold fast enough, or isn't selling at all. Stuff is only worth what someone else is willing to pay for it & if people are willing to pay over MSRP for a MINI and wait 5 to 6 months for them then it makes no sense to give those kind of purchasing incentives. Owning a MINI is incentive enough for most buyers.
 
  #27  
Old 05-01-2005 | 11:33 AM
rsunico
3rd Gear
Joined: Dec 2003
Posts: 153
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Great idea San Marino! RU from La Republica di San Marino?
 
  #28  
Old 05-01-2005 | 04:27 PM
Rep. San Marino's Avatar
Rep. San Marino
2nd Gear
Joined: Feb 2005
Posts: 97
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From: Hilliard, Ohio
Originally Posted by rsunico
Great idea San Marino! RU from La Republica di San Marino?
My parents were born there. I do have citizenship there also. Man would I love to drive my MINI on those streets. The turns would be awesome.
 
  #29  
Old 05-01-2005 | 09:31 PM
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05DSMCS
4th Gear
Joined: Aug 2004
Posts: 476
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From: Riverton, UT
I used to work for a credit card company. If you use the 0% balance transfer tactic, you will watch your nice high credit score go spiraling down pretty quickly. They watch for that kind of thing and score the risk appropriately, so be careful.
 
  #30  
Old 05-02-2005 | 04:12 PM
Rep. San Marino's Avatar
Rep. San Marino
2nd Gear
Joined: Feb 2005
Posts: 97
Likes: 0
From: Hilliard, Ohio
Originally Posted by 05DSMCS
I used to work for a credit card company. If you use the 0% balance transfer tactic, you will watch your nice high credit score go spiraling down pretty quickly. They watch for that kind of thing and score the risk appropriately, so be careful.
Thanks, yes I am watching. I figured how much it would drop and it shouldn't cause me trouble.
 
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