R56 :: Hatch Talk (2007+) MINI Cooper and Cooper S (R56) hatchback discussion.
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R56 Mini financing question

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  #1  
Old 09-22-2009, 08:58 AM
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Mini financing question

Im thinking about have the JCW engine kit put on my 07 MCS. Does anyone know if Mini can wrap the $ up in the financing I already have with them?

Thanks,

JB
 
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Old 09-22-2009, 01:56 PM
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It is highly unlikely they will do that. That is a loan modification on collateral decreasing in value. You could ask about another loan, but may better off getting a personal loan elsewhere or just putting it on a credit card.
 
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Old 09-22-2009, 02:01 PM
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clutchless is right, the contract is already written. They could have done it as part of the purchase, but not after the fact.

If you own your home, a line of credit is pretty cheap these days - my bank's rate is 3.75% for example.

If you don't, the smart thing to do is to save up till you can pay for it. Paying credit card or personal loan interest rates on this purchase could drive it up over $10K by the time it's paid for.
 
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Old 09-22-2009, 02:33 PM
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Yeah, guess I'll pay cash.

Thanks guys.
 
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Old 09-22-2009, 04:14 PM
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Originally Posted by jblaw
Yeah, guess I'll pay cash.

Thanks guys.
One word of advice... when you decide to buy one, CALL AROUND. The price is NOT standard....neither for parts or labor.

Mark
 
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