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Prices Paid: Buying & Leasing Experiences MINI Cooper Prices Paid and Buying Experience
1077 messages, Last post on Jul 22, 2008 at 7:03 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: pjo1966 (May 03, 2007 9:18 am)
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Replying to: scorpio9 (May 03, 2007 12:26 pm)  37-72 months or 3.7536. Refi at any time, no penalties. Just joined navy fed last month.  Credit scores in the 800s too.
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As far as I can tell Hassel Mini, in Freeport LI, about 30 minutes outside of Manhattan is the one one advertising this 1 year lease. I called about 4 other dealers and they first said they didn't do 1 year leases, but then when I told htem I was getting one at Hassel, they all said they could and gave me offers. But ALL offers were much higher--by a lot! My deal was this: MSRP on car was 24,200 I put 1800 down plus taxes/regis etc. (there was no security deposit required), so in total paid $2350ish includes 1st month 169/month. My next 11 months are 169/month and that includes taxes. To buy the car later I pay roughly 21, 300 residual. I'm not entirely sure of the rates and money factor (although at one point It hink he told me it was .0022, although don't remember now. I could be wrong, but I think I got a pretty good deal! For me this was good, a baby commitment, since I'm not sure exactly what I want and DEFINITELY did not want to lease 3 years--would rather buy in that case. so this one year tester--with no apparent penalty that I can tell--they don't seem to be making a huge amount out of it if I buy later. Plus one friend told me that it's possible to renogiate the residual price when it's time to buy, cuz it's easier for htem to knock a thousand off than to keep it on the lot another few months and start all over. I asked my sales guy about this and he said that typically they did not ahve a practice of doing this but it was possible. and my leasing was thru BMW. check out the Hassel website under 'specials' |
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Replying to: bikerider1 (Nov 25, 2003 5:57 pm) I'm thinking about buying a Mini Cooper S fairly soon and I'm looking for some purchasing strategy advice. The Mini dealer is less than 6 miles from my apartment and they seem really nice. I'm probably going to order my car custom, going for the Mini Cooper S with the Sport Package and a few other add-ons. I was informed by the dealer that you must put down a $2,000 deposit before they order one's car from the factory. I assume you handle payment once it arrives to the dealer. Since the car is a MINI, and it's a special order, I realize that there's little to no room for bargaining on the MSRP. The dealer told me that they fill the tires with nitrogen and install and alarm system when it arrives, which adds roughly another $1,000 to the final MSRP. Do I have the right to refuse these dealer installed options? Additionally, I plan to finance the car, putting down a good amount, and getting a loan on the remaining difference. Since I'm special ordering this car, it's assumed I will buy it regardless. However, I do want bargaining power when it comes to getting a good APR rate on the loan. I have a very good credit rating and I believe I should be able to get a competitive loan offer from my bank. Should I arrange this prequalified loan before I put down the $2k to order the car? My question is: do I still have bargaining power over the finance rate even though I'm already committing to buy the car? Thanks in advance! Best, Joshua
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Replying to: joshrtek3 (May 04, 2007 6:09 pm)
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Replying to: jaxs1 (May 04, 2007 6:18 pm)
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I'm looking to buy a 2008 S mini cooper I know they have no flat tires anyone have any experience with these tires also would appreciate any information on the Mini Thanks Tom
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Replying to: joshrtek3 (May 04, 2007 6:09 pm) On the extras, I would tell them to keep them off the vehicle as they are just total nonsense and adding them gives you little or no value. They do add a lot to the dealers bottom line though. I would have no part of them if I were purchasing and I advise you to do the same. Regarding rates, get your rate and pre-approval and offer to let them beat it if they like to try. Only consider apples-to-apples on that front, the exact same amount for the exact same period. If they try anything different I would be very concerned about how good a group they are to deal with. You have the power to work that rate all the way up to you handing them the check from your other source of financing. You also have the power to deny the padding of extras on the car before signing the purchase order. I suggest you use all the tools at your disposal to get the best deal and the best rate you can. These cars are 'hot' in the market but if they press to hard I would look for an alternative if you have any. I would not be shy about letting them know that as well, if you have to have this particular car it will make dealing with the purchase and financing a lot more difficult. Good Luck. |
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Replying to: carman4 (May 05, 2007 1:32 pm) |
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Hello all, Just wanted to report a great experience at Long Beach Mini. A very friendly a no-pressure sales team. They had several on-the-lot models to choose from and coincidently had the exact configuration I was looking for. Sale price was MSRP, and they threw in my choice of floor mats and LoJack complementary. Also gave me a great finance APR. I highly recommend this dealership to anyone looking for a Mini. Additionally, they will build to order with no premium and will sell you car when it arrives at MSRP. Good times! (2007 MINI Cooper S, Astro Black, Sport Package, Lounge Leather, LS Differential, Sport Suspension, Rear Fog Lamps, Hi-Fi Audio System) |
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