BMW Financial APR

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polyphonic

polyphonic

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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.


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polyphonic said:
Is this negotiable at the dealer?
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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).
 
teslarati97 said:
MINI needs to offer very competitive leases and target the sub $25,000 used EV credit (no assembly or battery requirements).
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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.



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Jim In Tucson said:
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.
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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.
 
Puppethead said:
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?
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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 ?
 
Rexsio said:
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 ?
Click to expand...
The only statistic I've seen is 1 in 5 (20%) Hardtops being built are SEs, but I think that might be worldwide.
 
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