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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 88 of 150

#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.

#867 of 1491 Re: MINI Lease 2007 Cooper [blueguydotcom] by minicoopers

Aug 19, 2007 (11:58 am)

Replying to: blueguydotcom (Jul 31, 2007 10:04 pm)
.......and my soul dies a little when I see "turbo charger" and MINI in the same sentence along with "non-functional hood scoop". This car is fun and I won't part with it but it pushed the envelope at $23k out-the-door in 2003 so therefore there is NO WAY they will build one worth $30-40k. Get real people! The manufacturer laughs all the way to the bank just like GM and Ford every time they sell a pickup or SUV! Maximum profit margin!

#868 of 1491 Re: MINI Lease 2007 Cooper [minicoopers] by blueguydotcom

Aug 19, 2007 (10:43 pm)

Replying to: minicoopers (Aug 19, 2007 11:58 am)
I don't get what's wrong with a turbo. Shrug. It's worth what people will pay for it. My father has a classic car that's been appraised at over 60k. I wouldn't give him $5000 for it but to some people it's worth considerably more.

#869 of 1491 Re: Mini Cooper: Prices Paid & Buying Experience [KarenS] by frog169

Aug 21, 2007 (11:41 pm)

Replying to: KarenS (Jul 30, 2003 7:24 am)
i have a question, I was looking at cars like chargers/stis/evos etc. then the mini poped up and cought my attention for price and what id get for it. i did the whole build ur own came out to be around 31,000. so my main question is im not very good with financial #'s and what not but if i put down about 10,000. and my credit score is a 607 but ill have a cosigner of 780. how much you think my paymnts/rates would be? is it worth putting that much down? some say dont put down more then like 5k some say otherwise.

#870 of 1491 Leasing through Leasecompare by wayzzz

Aug 22, 2007 (3:09 pm)

Hi there,
I ordered a 2007 Mini Cooper S from East Bay Mini in CA Bay Area and the car is going to arrive next week.
 
I am going to lease it and here is what I received for 36 months/36k miles lease on a purchase price of $24,750:
LeaseCompare.com -
Monthly lease payment $328
Amount due at signing $2,328
Residual value $15,593
Money factor 0.00266
 
The dealer quoted me -
Monthly lease payment $359
Amount due at signing $1,953
Residual value $17,077
Money factor 0.00350
 
I thought LeaseCompare gave me a better deal. But the sales manager told me she never dealt with independent leasing company and probably not going through with it.
 
What do you think about these rates? Do any of you actually get the Mini with LeaseCompare?
 
Thanks for the reply

#871 of 1491 Re: Leasing through Leasecompare [wayzzz] by blueguydotcom

Aug 22, 2007 (3:46 pm)

Replying to: wayzzz (Aug 22, 2007 3:09 pm)
Leasecompare works fine. Seems like your 2200 is buying down the lease payment some.

Messages Page 88 of 150

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