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MINI Cooper, MINI Cooper Clubman, MINI Cooper Countryman, Coupe, Hatchback, SUV
#649 of 1499 Long Beach Mini
May 05, 2007 (8:37 pm)
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)
#650 of 1499 Re: Ordering a Mini... [british_rover]
May 06, 2007 (3:53 am)
My lease was done thru BMW though for one year--not a small independant leasing company. Also, I DID get quotes from 4 other dealers for one year, but they were just all much higher and AT FIRST, they siaid they didn't do that--only did it when I said that Hassel Mini was doing it.
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..
#651 of 1499 Re: Ordering a Mini... [tica]
May 06, 2007 (6:15 am)
So, it is strange then that one dealer can offer a deal that is significantly cheaper than any other dealer will match.
Something is missing.
#652 of 1499 Re: Ordering a Mini... [jaxs1]
May 06, 2007 (8:22 am)
Yes, I kept thinking, ' i must be getting screwed if this deal is so good'...but I don't think so! I think they just want to move cars...I dunno. I mean he basically knocked a good amoutn off the car on the lot vs. ordering one...not quite sure how much but at first he was offereing --WITH THE SAME DOWN: 1800 plus the taxes/regis, etc.--for a 21,700 car that I was going to order-it was going to be 156/month for 10,000 mile 1 year lease and 19,400 residual to buy after a year; then I ended up with--getting the car on the lot--which I snook a peak and saw it had been on the lot for 70 days--not sure if that factored in--but the car I got was 24,200 and I got it for the same down but 179/mth for 12,000 miles for 1 year. Residual is 21,300 to buy after one year.
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--
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!)
#653 of 1499 a few more numbers
May 06, 2007 (8:25 am)
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)
#654 of 1499 ooops
May 06, 2007 (8:27 am)
the 179 above was a typo, it's 169 month
#655 of 1499 Re: Ordering a Mini... [tica]
May 06, 2007 (8:57 am)
I wonder why it was on the lot for 70 days? Everyone says all Minis fly off the lot and they can't keep up with demand.
#656 of 1499 Re: Ordering a Mini... [jaxs1]
by kyfdx@Edmunds HOST
May 06, 2007 (9:00 am)
I don't think that is the case, any more.. My local dealer always had 15-20 MINIs that are not spoken for.. That wasn't the case a few years back.
#657 of 1499 Re: Ordering a Mini... [kyfdx]
May 06, 2007 (9:03 am)
Yet they still usually sell for MSRP or even higher after dealer-mandated accessories are pre-installed?
#658 of 1499 Re: Ordering a Mini... [jaxs1]
by kyfdx@Edmunds HOST
May 06, 2007 (9:04 am)
I think at most dealerships, you can get $500 off one on the lot...
It looks like she got $800 off, which given the high residual made for a decent one-year lease.