R55 Below MSRP
#52
Back in Nov the MFS rate was pushing nearly 7.9% for fico 750 and above, so I wonder what one's score has to be to get 4.9??
#53
#54
If this rate had been available last Nov when I bought my car I wouldve gone with them, I had MFS for my R53 and it was one of the best customer service experiences ever. Plus, their website made the finances of car ownership much easier (ammortization, early payment capabilities) and more informative than the FCU I have my R56 financed with (at 4.9). Why are many FCU computer systems stuck in the 1990s??
Back in Nov the MFS rate was pushing nearly 7.9% for fico 750 and above, so I wonder what one's score has to be to get 4.9??
Back in Nov the MFS rate was pushing nearly 7.9% for fico 750 and above, so I wonder what one's score has to be to get 4.9??
Oh yeah, we bought her MINI off the lot, basically the only thing it had on it was Bluetooth/IPOD Adapter, Multifunction Wheel, 16 inch wheels and white turn signals and they gave us $400 off of MSRP.
#55
I just bought (got financed, its really her car) an Astro Black MINI a couple of weeks ago for my neice and financed it through MFS with a FICO score of 781. My rate was for 6.2% only because I wanted to put my neice on the credit app (she has horrible credit) and we financed it for 6 years. If we had done a conventional 3 year loan it would have been 5.29%.. My credit union was offering me a 3.99% for a 3 year loan, but since her credit is so bad they would not allow me to put her name on the loan. We are trying to repair her credit thats why we went with the higher rate with MFS.
Oh yeah, we bought her MINI off the lot, basically the only thing it had on it was Bluetooth/IPOD Adapter, Multifunction Wheel, 16 inch wheels and white turn signals and they gave us $400 off of MSRP.
Oh yeah, we bought her MINI off the lot, basically the only thing it had on it was Bluetooth/IPOD Adapter, Multifunction Wheel, 16 inch wheels and white turn signals and they gave us $400 off of MSRP.
#57
Most dealers have to pay the manufacturer within 60 days of delivery, and generally finance the inventory. It's gotta cost them close to half a point each month to the bank. So apparently they would rather wait three or four months to find a MSRP buyer, versus discounting it and stop the vig.
#58
....in order Hardtop _ Hardtop S_ Convertable_ Convertable S_ JC
Base Invoice _$16,695 $19,755 $21,510 $24,120 $25,695
Destination Charge $650 for all............................................... .
Total Dealer Invoice +add Dealer Invoice for packages/options
$17,345 $20,405 $22,16 $24,770 $26,345
I always thought most dealers marked up the options by a larger percentage then the actual car markup and made a larger profit on these items.
If I'm reading it right it looks like the auto-trans costs me $1250 and the dealer $1125.
Does that sound right?
#59
Margin on factory options over the years has been reduced to the same or just higher than the base price. A few manufacturers might offer about 3% more to the dealer.
Bottom line is dealer cost on non-American cars is not all that high. Mercedes is a modest .93 for example.
One other comment. You can save yourself $14 by obtaining the info that you paid Consumers Reports for, directly off the web. Kelly Blue Book and Edmunds websites serve it up for free (as do many others, but I'd stick with these two). I've occasionally seen some minor differences between the sites of a few hundred dollars on a $30K car, but CU ain't going to be any more accurate.
Bottom line is dealer cost on non-American cars is not all that high. Mercedes is a modest .93 for example.
One other comment. You can save yourself $14 by obtaining the info that you paid Consumers Reports for, directly off the web. Kelly Blue Book and Edmunds websites serve it up for free (as do many others, but I'd stick with these two). I've occasionally seen some minor differences between the sites of a few hundred dollars on a $30K car, but CU ain't going to be any more accurate.
#61
We were happy with our purchase. They took $500 off of the price, tossed in a tint job ($300 approx from quote at the shop the BMW/MINI folks use exclusively, and tossed in the "S" rubber floor mats as well. We felt as though we got a fair price...not a steal but a fair price for us. I know that there are some sites out here in another section that are selling Clubmen for $1500 off of their stock but that would mean a trip across the country for us.
#64
I am having this problem now, waiting to hear if Motor City Mini (Metro Detroit) will order me a fairly loaded Clubman S (MSRP $30,950) for $1,000 off MSRP on a lease. That still leaves more than $2,000 profit for dealer.
I told them (which is true) I can lease a loaded 328xi sedan for only $23 more per month than if I leased the Clubman at full MSRP....
Crazy incentives going on now, even for BMW. I can get $1,500 loyalty cash, 3 month pull ahead for my existing X3 lease, and $1,840 option credit for xDrive. Plus, dealer is willing to lease at $1k over invoice, which works out to about $6,000 off MSRP.
Yet I'm hoping to get $1k off a Mini...if they say no I'll laugh, because I can lease a $43k BMW for nearly the same price...
I told them (which is true) I can lease a loaded 328xi sedan for only $23 more per month than if I leased the Clubman at full MSRP....
Crazy incentives going on now, even for BMW. I can get $1,500 loyalty cash, 3 month pull ahead for my existing X3 lease, and $1,840 option credit for xDrive. Plus, dealer is willing to lease at $1k over invoice, which works out to about $6,000 off MSRP.
Yet I'm hoping to get $1k off a Mini...if they say no I'll laugh, because I can lease a $43k BMW for nearly the same price...
#65
Hello? Someone's gotta be buying minis. What r u paying? The stealer around here (Classic) is giving 500 off which is nothing. To make matters worse, they don't want any used coopers, they wholesale them to brokers so you don't get squat for it in trade. So much for high resale value, with the economy the way it is I may be driving this another few months.
#66
As I expressed elsewhere, I was quite happy with my Baron Mini experience. By buying a car off the lot, rather than ordering (the only thing I had to give up was the xenons....) I saved $1300 off MSRP. The year is coming to a close; they want to get rid of these 2009s. It became a "How long do I wait" vs" There's the car I want, I hope it doesn't disappear" debate. But I started looking in January, and back then there was $0 off the MSRP. Order or from the lot, same price.
So waiting saved me $1300. And I got the 1.9%, so while not actually "affordable" I am very pleased.
So waiting saved me $1300. And I got the 1.9%, so while not actually "affordable" I am very pleased.
#68
Three weeks ago we got financing at 1.9% through MINI Financial. And that was on a 2008 demo. They also gave me the Kelly Blue Book value on the FJ Cruiser whereas on my previous trade six months before. they gave me a song and dance about Kelly Blue Book being grossly over-inflated then meeting me about halfway between KBB and their "gray book".
#69
The Bay Area just lost another dealer in Newark Ca. Pontiac I think
Anybody know what happens to their cars? I'd like a Mini but if you want to give me a Pontiac I won't say no
I've made a few hints about below msrp to the sales manager at Mountain Veiw Mini and she didn't bite so I walked.
Anybody know what happens to their cars? I'd like a Mini but if you want to give me a Pontiac I won't say no
I've made a few hints about below msrp to the sales manager at Mountain Veiw Mini and she didn't bite so I walked.
#71
I got...
I managed to get $750 off MSRP on an order. Not as much as others on this thread, but I'm pleased.
Now hopefully I can get a low interest rate. The 1.9 APR program will most likely end by the time my MINI arrives stateside. I heard MINI's standard APR is 6%. Hope I can get lower...
Now hopefully I can get a low interest rate. The 1.9 APR program will most likely end by the time my MINI arrives stateside. I heard MINI's standard APR is 6%. Hope I can get lower...
#74
#75
No up front deals here in crappy gray Ohio. Sales price is 500 discount if taken from lot or configured price if ordered. Did get a few goodies thrown in because it is our second cooper from this dealer. I was buying no matter what. They have had a JCW hot chocolate on their lot since last october and weren't even thinking about discounting...it was tempting, but no deal meant we could order the color combo the oldest child wanted (it will be his in two years). Such is life happy motoring!
Thread
Thread Starter
Forum
Replies
Last Post
molala
MINIs & Minis for Sale
1
10-02-2015 01:53 PM
AdrenaliNate
MINI Parts for Sale
0
08-24-2015 12:37 PM
marendt428
MINI Parts for Sale
1
08-09-2015 06:54 PM