Can I save money by refinancing my Mini Cooper loan?
data last updated
July 12, 2022
Refinance with Caribou and save!
Our customers save an average of over $100/month* on their car payments. These savings can add up quickly over the life of the auto loan. Apply today to see if you qualify for a lower monthly payment on your Mini Cooper.
We work with trusted local and community lenders to bring you competitive rates as low as 2.32% APR**
Average savings for a Mini Cooper
Average monthly savings:
Average total savings:
* Your actual savings may vary
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How it works
How to refinance your Mini Cooper loan
A step by step guide to our process
Did you get your financing from the dealership?
The initial car loan on your Mini Cooper often originates from the dealership where you initially got your car. Automotive refinancing can be a good way to get better terms on your car loan. This is also a great opportunity to replace or add products like guaranteed asset protection or GAP coverage, vehicle service packages, or extended warranties. If you no longer need one or more of these items you can cancel them and the reimbursement may be applied to the principle of your loan or you could receive cash back.
You might feel like you've gotten a bargain when you financed your Mini Cooper with the dealer. Nonetheless, contact us to see if refinancing can save you money. We partner with trusted regional and community loan providers to bring you affordable rates. Our customers save an average of over $100/month * on their car payments with rates as low as 2.32 APR **.
Refinancing your Mini Cooper
Refinancing your Mini Cooper can help you save money every month. The refinancing procedure negotiates a new loan for your Mini Cooper. You can make the most of this by possibly changing the rate of interest, term, and adding or eliminating additional items like GAP coverage, vehicle service packages, or extended warranties.
Participating loan providers provide refinancing options based upon your credit score, salary, and also other variables. Depending on your situation and credit rating, you might be pre-approved for a particular Mini Cooper refinance amount which can help you budget beforehand. You can make use of our auto refinance calculator to compare loan rates and estimate your savings.