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Prices Paid: Buying & Leasing Experiences MINI Cooper Prices Paid and Buying Experience
1094 messages, Last post on Aug 26, 2008 at 1:28 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: british_rover (May 04, 2007 6:40 pm) I was also able to put 1800 down to order (not '2000'). Yes you can do and say no to wahtever options you want. Sounds like you should ask around. I went to the dealer not 2 miles from me, but 30 miles from me..
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Replying to: tica (May 06, 2007 4:53 am) Something is missing.
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Replying to: jaxs1 (May 06, 2007 7:15 am) So basically I my upfront money was Down payment (Cap cost reuctions) 1799 first month 169 no security deposit no 'intial title fee' regist fee 127 licence fee 10 sales/use tax 175 no acquisition fee sales tax on cap cost 155 Doc fee 45 NYS tire fee 12.50 so total I paid was 2492.96 which incl 1st month then 11 months at 169 which will total 1859 So for the year to 'rent' a 24,200 car it is 4351 or 362/mth incl everything (oh my Geico insurance is 440/thg months) And just looking at what I"m paying for if I buy-- 1800 down 2028 12 mnthly payments 21,300 residual fee buying later totals 25, 128 so they make 928 extra on the 24,200 car (or 77/mth on the 1 year lease) that seems sort of fair to me. I'm new to this so don't really know but seems ok. What I hope to do is save up and pay outright if I can, or most of it, so if I buy after one year, I'm not financing it. Also, a friend told me that there is a chance they they might lower the residual, even by a thousand bucks to sell it to me later. In which case, I wouldn't ahve lost out at all (I think) (I realize that there are some palces where I may pay tax twice or soemthign, not sure about that, but overall seems like a fair shake...please correct me anyone if I'm missing out on something major!)
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oh in case this is helpful--here are some more numbers from thel ease: Gross cap cost: 23,400 (actually MSRP was 24,200 on the sticker acc to options) Cap cost Reduc (down payment) 1800 Adjusted Capitalized Cost: 21701 Residual value: 21,296 Depreication and any amoritzed amoutns: 405 Rent charg: 1625.28 total of base monthly 2030 lease payments 12 base ontly/ 169.19 montly sales/use tax n/a totaly montly paymetn 169 (I've rounded out a few numbers) |
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| the 179 above was a typo, it's 169 month | |
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Replying to: tica (May 06, 2007 9:22 am)
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Replying to: jaxs1 (May 06, 2007 9:57 am)
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