Highway Robbery

I got two loan approvals for $23,000 to get a new Mini Cooper. So, I started talking to a dealer over email. The Mini has a $14,500 invoice and has a manufacturer’s suggested markup of $1,500. The salesman’s first bid was $7,500 over invoice! Yeah, right… I’m not that desparate for a Mini. I’m going to try some other dealers first.

Even though my loan approval plus my down payment would cover the requested amount, I wasn’t planning on shelling out four grand and be in debt for another 23. My plan was to only borrow eighteen of the $23,000. BMW is really sneaky to order a short supply of Mini’s just to markup the price unfairly.

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