integraguy
integraguy UltraDork
4/26/13 6:44 p.m.

Financing a car in other countries is different than it is in the U.S. I read a couple of U.K. magazines and found an ad for MINI in the latest issue of EVO that was quite interesting. First of all, the "headline" on the ad:

"PRICES TO KEEP YOUR PECKER UP" was at the top of the page, printed on a largish velvet-looking banner. I wondered if an ad like that would even get a chance in the U.S. Then I noticed the rest of the ad: essentially, you are given the option to buy a MINI Countryman, and only one of the MINI Countryman models (including one of the diesel models) for 0% through MINI making only two payments. The first payment is when you take delivery, the second (and FINAL payment)? TWO YEARS later. GM had something like this once, I think, but I believe there were more than 2 payments involved and it was a lease of some kind. Lincoln also had something like this, too.

I was just surprised that they let you drive for 2 years after only the first payment. No mention of whether they do like the U.S. MINI dealers do, which is "free scheduled maintenance for 2 years". The offer expired in March.

novaderrik
novaderrik UberDork
4/27/13 8:29 a.m.

they let you drive for 2 years after the first payment because you just plopped down enough money to cover 2 years of payments, and they get to invest it and earn 2 years worth of income (interest, infrastructure, whatever) on it...

my mom's fiance is a farmer. a small independent farmer... and because of that, he's got a couple of largish loans to cover the operating costs and what not... he makes 2 payments every year- both in the fall- the house payment comes in the fall after he ships the calves off for slaughter, and operating loan for the farming part is paid after the crops come in...

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