ok guys been offered a new factory order car from a mini dealer in the uk for
£0 deposit and £223.84 per month over 48 months with the ballon payment at the end and £ 665 off any options is this a good deal or should i be looking for better ?
this is on a base cooper in moonwalk grey
cheers
Without knowing more details it's hard to tell, but in principle due to depreciation a new car is rarely good value.
Exactly what options are on the car, the Grey is usually a good deal as for some reason they struggle to shift the colour.
What APR / interest rate are you getting?
I would say initially it looks fairly good, although, depending on the balloon payment...?
To compare my PCP on my 64 plate cooper with Chilli and Media (+ a few extra bits), is £160 a month with £1000 down over 48 months at 5%... total car value £13000 with £750 saving. Future value of the car is approx £6500. - This was used with 7000 miles on the clock.
Now clearly new car deals are usually better, but I wanted some toys so it became more expensive, plus the Cooper S doesn't work for London.
Having looked on AutoTrader you can probably get a used one 64 or 15 plate with low miles, Chilli, media and LED lights for about £200 a month possibly £220 with no deposit.
It really depends on what you want and whether it happens to be new.
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