Ask the Car People.SM


MINI Cooper Prices Paid and Buying Experience

1491 messages,  Last post on Apr 23, 2013 at 2:35 AM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? MINI Cooper, MINI Cooper Clubman, MINI Cooper Countryman, Coupe, Hatchback, SUV

Messages Page 87 of 150

#857 of 1491 Re: MINI Lease 2007 Cooper [gpower] by british_rover

Jul 30, 2007 (1:20 pm)

Replying to: gpower (Jul 30, 2007 11:21 am)
It all depends on what the buy rate money factor is for the lease on a MINI Cooper. If the buy rate is .00335 then that is the best you can do no matter what your credit is.
 
I have vehicles that I sell where the buy rate is in the .00335 range or so. It wouldn't surprise me if the MINI had a money factor like that as it is a very hot car.

#858 of 1491 Re: MINI Lease 2007 Cooper [british_rover] by jaxs1

Jul 30, 2007 (6:42 pm)

Replying to: british_rover (Jul 30, 2007 1:20 pm)
You can check lease rates going through several independant leasing companies and if you can get much lower rates outside, they are probably lying about the buy rate.

#859 of 1491 Re: MINI Lease 2007 Cooper [jaxs1] by british_rover

Jul 30, 2007 (6:45 pm)

Replying to: jaxs1 (Jul 30, 2007 6:42 pm)
Or it could just be a different buy rate.

#860 of 1491 Re: MINI Lease 2007 Cooper [british_rover] by jaxs1

Jul 30, 2007 (6:47 pm)

Replying to: british_rover (Jul 30, 2007 1:20 pm)
You can check lease rates going through an independent leasing company and if you can get a much lower rate outside, they are probably lying about the buy rate.

#861 of 1491 Re: ASSAEL MINI Dealership Experience [gobebe] by futures10

Jul 30, 2007 (7:34 pm)

Replying to: gobebe (Jul 29, 2007 10:12 pm)
That sounds normal, I would just asking for a 5% discount from the quote. It doesn't hurt to ask for being on the last day of the month...

#862 of 1491 Re: MINI Lease 2007 Cooper [jaxs1] by gpower

Jul 31, 2007 (10:45 am)

Replying to: jaxs1 (Jul 30, 2007 6:42 pm)
I am getting better rates with LeaseCompare.com
 
However, before I could negotiate further, the dealer became very agitated because I asked for $220/month and he gave me the same with the MF of 0.00335, but through the forums, I knew it could be lower still. I could not proceed further.
 
Are there any dealers in SOCAL with a good MF/deal on a MINI Cooper 2007 lease?
 
Recommendations are welcome

#863 of 1491 Re: MINI Lease 2007 Cooper [gpower] by blueguydotcom

Jul 31, 2007 (12:03 pm)

Replying to: gpower (Jul 31, 2007 10:45 am)
My experience with socal dealers: they know the car is hot and therefore try to get the full markup on leases.
 
From your original:
 
I went to LongBeach MINI for a new MINI 2007, premium package and automatic transmission.
The total OTD was 23,900 and the MSRP was 21,200
Here is what the dealer offered for lease
Residual 70%
Money Factor .00335 (Initially he offered .0415 which i refused)
Down payment: $5000
Monthly payment: $220
 
 
First, OTD on a lease is $2,700 higher than the MSRP? Why?! On a lease you only pay acquisition costs at the inception. What the blazes makes up the other $1900?
 
Find out the BMWFS lease rates and do the math on the markup and the acquisition cost. In almost every instance you're paying thousands more over the lease term.

#864 of 1491 Re: MINI Lease 2007 Cooper [gpower] by blueguydotcom

Jul 31, 2007 (12:09 pm)

Replying to: gpower (Jul 31, 2007 10:45 am)
I just ran this on leasecompare -
 
15k miles/36 months at $21100 = $310 a month, with nothing down (maybe acquisition costs). That's 11160 total.
 
The 5000, $220 a month lease from BMWFS comes up to $12920 over the lease term.
 
This is an easy call.

#865 of 1491 Re: MINI Lease 2007 Cooper [blueguydotcom] by plekto

Jul 31, 2007 (5:14 pm)

Replying to: blueguydotcom (Jul 31, 2007 12:03 pm)
I went to LongBeach MINI for a new MINI 2007, premium package and automatic transmission.
****
 
My soul dies a little when I hear Mini and "automatic" in the same sentence...

#866 of 1491 Re: MINI Lease 2007 Cooper [plekto] by blueguydotcom

Jul 31, 2007 (10:04 pm)

Replying to: plekto (Jul 31, 2007 5:14 pm)
lol
 
It seems a little wrong, like seeing your grandma steal candy from a little kid.

Messages Page 87 of 150

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement