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MINI Cooper, MINI Cooper Clubman, MINI Cooper Countryman, Coupe, Hatchback, SUV
#870 of 1499 Leasing through Leasecompare
Aug 22, 2007 (2:09 pm)
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:
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 1499 Re: Leasing through Leasecompare [wayzzz]
Aug 22, 2007 (2:46 pm)
Leasecompare works fine. Seems like your 2200 is buying down the lease payment some.
#873 of 1499 Re: 2007 MCS from Mini of Universal City, CA [charlenevt]
Aug 23, 2007 (12:08 pm)
I know this is a little older but I had to say something about MINI of Universal City, first even if they offered to give me a MINI for $5 I would run away!!!
When I went to buy my MINI I made a deal with them on the phone with them knowing I live two hours away, when I got there they bold faced lied to me and the things they told me were ridiculous. Including that "Kelly Blue Book undervalued the car and they were philisophically opposed to selling me the car at the agreed price" and told me that they had two sales people by the same name (the one from on the phone never told me that and knew I was coming that night) and he was "being overly optimistic on the price".
I was very angry that they treated me the way I did when I was ready to walk away with the car. But they did the best thing in the world for me because I ended up happier with the Red MINI I bought at Nick Alexander in LA. (which I also made a deal with on the phone they held the car for me and took me straight back to sign the papers no dealing, no pushing just helpful service and a car to drive home in at the price we agreed on.
I also wanted to add I am not the only one who has had issues of this sort with Universal. But I heard their service department is decent and way better then Monrovia (who I will never let touch my car AGAIN!).
Again this is just my opinion and experience with them.
And yes I got some very fun freebies when I got my little *Meep, Meep*
#874 of 1499 Re: 2007 MCS from Mini of Universal City, CA [tankgirl136]
Aug 24, 2007 (6:24 am)
I can't say that I'm surprised by what Mini of Universal did, although I am surprised that Nick Alexander treated you well. I've been there twice and both times were awful experiences. As for Universal, I couldn't believe the markup above MSRP on their cars. They say they'll negotiate, but you're already fighting a losing battle. I met with a salesman at South Bay BMW while with a friend who was shopping. That's where I'll be going to get my Mini, despite the fact that I live just a few short miles from Universal.
#875 of 1499 Re: Leasing through Leasecompare [wayzzz]
Aug 24, 2007 (1:07 pm)
The current BUY RATE (money factor) this month with BMW Financial is 280 (.00280) on Mini's. If you have top notch credit (I believe over 700?) you should be able to qualify for this rate. The dealer may try to add on a $400 security deposit to this rate that you get back at the end of your lease. This may or may not be normal.
They don't advertise this rate and I had to do a lot of searhing to find it. They were originally offering me .00335mf which is obscene. I would talk to them and tell them you want a better rate or walk. Unless of course your credit isn't great.
My car is on order and I will be leasing for 36 months 12K per year and I will be paying $386 including tax. The total value of the car is $26,820.00. Residual is 68%. My drive off fee is $1950 (all of this is going towards 1st month, Car Acquisition fee, Title and fees. It also includes that $400 security deposit which I am still discussing with my salesperson. None of it is giong to decrease the car value.)
In my opinion you are getting hosed. If your credit is good, I'd walk from this deal and reorder.
#876 of 1499 Re: security deposit
Aug 27, 2007 (8:56 am)
Never pay a secutity deposit on the vehicle. A lot of dealerships use this as a scam. Stay away from the deposit.
#877 of 1499 Re: security deposit [chojnackrj24]
by kyfdx@Edmunds HOST
Aug 27, 2007 (10:17 am)
If you lease a MINI, you'll pay a higher money factor without the security deposit, unless you are a returning customer.
In this case, making a security deposit is to your advantage.
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#878 of 1499 2006 MINI Cooper S Conv
Sep 02, 2007 (1:50 am)
I wish I found the forum earlier when I was buying a new MINI.
Anyway, like to share some thoughts:
Got omy MINI S Conv. from Nick Alexander just a little bit below sticker price. $35,000 out of the door, with an MSRP just below $33,000 :o)
Great people to work with. In and out of the dealership with in 2 hrs.
Not sure if I can post this.... Had a very bad experience at Assael MINI. I have been thinking about getting a new MINI for a long time, since I am a big MINI fan (have an original 71 MINI 1000, AUTO RHD). I went to Assael MINI first, since they are the closet to me. The sales person came out and greeted me, then asked what I currently drive. Told him, I have a Civic. Then, I asked him if I can have a MINI brochure. He told me MINI don't give out brochures. Then, walked away. :o(
Plus, ASSAEL's MINI service dept is terrible. No one answers the phone over there and if you try to leave them a message, most likely they won't reply.
Sep 11, 2007 (7:13 am)
Has anyone had an experience Keeler Mini in Albany NY? Mini dealers in these parts are scarce.