Rates listed on miniusa.com are 6.34% for the SE, and 3.99% for everything else. Is this negotiable at the dealer? Has anyone received better? Our first SE is at 0.99%. Also odd that the SE is singled out with such a high rate, but oh well!
Mine is 2.9% from a dealership in Los Angeles. Financed for five years but I'm paying it over four so it's paid off when the warranty expires.
I think mine was around 2.9% last year, but the ICE rate was lower than 2.9%. I remember not being too happy they were charging a premium for an EV.
When I placed my order the BMW rate was 1.9%, but when the SE was delivered the rate was 2.9%. I’ll let you guess which rate I ended up with. Yep, 2.9%. That was the only disappointing aspect of the purchase transaction. Sent from my iPhone using Inside EVs
Always an option to finance through someone else. It's unfortunate that the SE is a higher rate than the ICE models, but I guess that indicates the demand is very high. Or maybe that's how MINI is surreptitiously compensating for battery costs?
I have been trying to point this out that after factoring in borrowing costs the $7,500 tax credit could be significantly (or completely) eroded. Also financing a Signature 2.0 can end up costing more than an Iconic 2.0 outright cash purchase. MINI needs to offer very competitive leases and target the sub $25,000 used EV credit (no assembly or battery requirements).
This should be MINI’s best answer to the disappearing tax credit. They could even off the flexibility of 1 yr, 2 yr, and 3 yr leases just to give first time BEV drivers the opportunity to test drive electric car ownership. Sent from my iPhone using Inside EVs
MINI would have a post-IRA incentive to make financial concessions if the MINI Cooper SE is profitable and there's a glut of them taking up space on dealer lots.
I had to get a last minute 5.3% loan (with very good credit) from MINI at the last minute when I picked up mid-June 2022. I was planning to buy it via cashier’s check but my transfer from e-Trade hadn’t cleared. 6.3% doesn’t surprise me because my rate was before the spat of interest rate hikes. I paid off the loan a month later. My Tesla loan was 2.25% from earlier in the year so yeah the BMW APR is quite high.
I’m seeing you are so inform about SE is any statistics about SE where sold in USA throughout 2020 /2021/2022 post those stats and this give as idea if BMW with SE can survive here ?
The only statistic I've seen is 1 in 5 (20%) Hardtops being built are SEs, but I think that might be worldwide.
