Mini One Deal

Appears that there is a mileage limit, which would perhaps indicate that you have to give the car back after the 54 months?

From their site : "The above offer is calculated on the new MINI One Hatch, based on 80 000km limit linked to 9% prime interest rate."
 
I reckon the guaranteed future value is based on the 80 000km limit. There after it might decrease in value?
 
We just signed the papers for it on Monday - Getting it for my mother
Hopefully by Frid/Sat we get the car

R2899 for 54 months
Give the car back after 54 months as long as its under 80000km

I think its a good deal because you wouldn't want a car for more than 4 - 5 years

There is also another option where by you pay them 103K after the 54 months and you get to keep the car.
 
Nimz said:
We just signed the papers for it on Monday - Getting it for my mother
Hopefully by Frid/Sat we get the car

R2899 for 54 months
Give the car back after 54 months as long as its under 80000km

I think its a good deal because you wouldn't want a car for more than 4 - 5 years

There is also another option where by you pay them 103K after the 54 months and you get to keep the car.
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Did the deal include the motor plan?
 
so basically the car is never yours and what happens if you go over the 80k limit ....

and if you want to buy the car from them you just finance another 103k i guess
 
orin76 said:
If you feel the need to get rid of your cars after 4-5 years when nothing is wrong with them then you're probably buying the wrong cars.
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I generally feel the need to get rif of my cars after 2 years...
 
orin76 said:
If you feel the need to get rid of your cars after 4-5 years when nothing is wrong with them then you're probably buying the wrong cars.
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Agreed.

This kind of deal is only useful to those of you who get car allowances, but then I believe these days you have to drive at least 30,000kms a year for a car allowance to be effective.

Private people should look for top of the range cars that are over 5 years old and have been looked after. For some reason when a car hits 5 years old most people seem to think they are going to blow up or something. This may be true of the little menaces like Chevy Sparks and all these Oriental cars, but not for top end brands like BMW and Mercedes. You can buy a bloody good Merc or BMW for less than what many of these little pissant cars are selling for these days. Find yourself a good private mechanic and you'll have pleasant motoring for years to come.

I saw a 1998 BMW 318is in awesome condition selling for R28k the other day. It only had about 150000kms on it. I'd rather have that than any of these new heart breakers.
 
Creature said:
If it comes with those mags, then I wouldn't pay R1000 a month for it.....YUGH!!!
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I think those are steel wheels with hubcaps.

Pixual said:
Agreed.
Private people should look for top of the range cars that are over 5 years old and have been looked after. For some reason when a car hits 5 years old most people seem to think they are going to blow up or something. This may be true of the little menaces like Chevy Sparks and all these Oriental cars, but not for top end brands like BMW and Mercedes. You can buy a bloody good Merc or BMW for less than what many of these little pissant cars are selling for these days. Find yourself a good private mechanic and you'll have pleasant motoring for years to come.

I saw a 1998 BMW 318is in awesome condition selling for R28k the other day. It only had about 150000kms on it. I'd rather have that than any of these new heart breakers.
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Experience tells me that a modern BMW/Merc. etc. without a maintenance plan is just not viable - that car is cheap for a reason. When something expensive breaks you'll be wishing that you bought something newer.
 
Quoted from the site T & Cs:
Total cost to customer includes, initiation fee, monthly service fee, instalments and excludes Guaranteed Future Value
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It seems that the deal is done with residual...
 
KhoisanX said:
I think those are steel wheels with hubcaps.



Experience tells me that a modern BMW/Merc. etc. without a maintenance plan is just not viable - that car is cheap for a reason. When something expensive breaks you'll be wishing that you bought something newer.
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I also speak from experience.

1998 BMW 318is - R28,000
2011 Hyundai i10 / Ford Figo / Polo Vivo +/- R110,000

Difference = R82,000

I think that difference will cover a lot of repairs! And you'll still have a much better car that will live a much longer life than the smaller thing. Obviously you need to look around and look at the history of the car you buy. They don't come around every day, but they do come around and sometimes you can get very lucky. Especially if its somebody you know, or an elderly person who hardly drives anywhere.

Personally I have had more trouble with new cars than I ever had with any used car.
 
Pixual said:
I also speak from experience.

1998 BMW 318is - R28,000
2011 Hyundai i10 / Ford Figo / Polo Vivo +/- R110,000

Difference = R82,000

I think that difference will cover a lot of repairs! And you'll still have a much better car that will live a much longer life than the smaller thing. Obviously you need to look around and look at the history of the car you buy. They don't come around every day, but they do come around and sometimes you can get very lucky. Especially if its somebody you know, or an elderly person who hardly drives anywhere.

Personally I have had more trouble with new cars than I ever had with any used car.
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I agree with that.

Got me a 2000 Merc C200 almost 3 years ago. Bought it for R 70 000.00, spent about R 25k over the past 2 years to keep it in shape. So far the car has cost me R 95 000.00. At the same time my wife bought a i10 auto for R 117 000.00. Although she has had no problems with the car, to date I have a far superior vehicle, which I paid R22k less for than what she paid.

For me it's not about keeping up with the Jones', but rather getting the best bang for my buck, and having safety, comfort and reliability. Spend some cash on a used vehicle, regular services at a reputable agent (private or dealer) and no reason why you can't have a reliable used car for much less than a bran new tin can. :)
 
I also have a Y2K Mercedes, an E240 V6 Elegance. Heavy on fuel in town, but I hardly do much driving. When I do it's good to know that I am in one of the safest cars in the world, AND I get to enjoy such luxury as can only be dreamed about by drivers of the over-priced low end hatches of today. The sound system alone makes it worthwhile to me. :)
 
It sounds to me like you're essentially "renting" the car from them for 54 months, for R2956 per month, for a total spend of R159624 over 4.5years.
And at the end of it, you just "give the car back" without getting anything back? You don't own the car, really, after spending R160k on it? They just take it back and you walk away?

I dunno about that. For an average month count of 30 days, you're essentially paying R98.53 per day to have a car.
You can't sell the car if you decide you want something else - they take it back and they get to sell it and make money off it again.

Lastly, what happens if you have an accident? Sounds like your insurance will have to pay them out for the car, instead of you. And then you're stuck with nothing again.
 
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