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MINI Cooper Lease Questions

282 messages,  Last post on Nov 05, 2009 at 2:24 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? MINI Cooper, Car Leasing, Convertible, Hatchback

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#1 of 282 MINI Cooper: Lease Questions by Car_man HOST Aug 31, 2005 (4:01 pm)
Hi everyone. Please use the following discussion to post any questions that you have about leasing a MINI Cooper. Thanks.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: ninasimone (Sep 14, 2005 10:15 am) jeffrey12341 (Nov 03, 2009 8:25 pm)
#2 of 282 Re: MINI Cooper: Lease Questions [Car_man] by ninasimone Sep 14, 2005 (10:15 am)
Replying to: Car_man (Aug 31, 2005 4:01 pm) Hello, all.   Anyone have MINI's current base Money Factors?   Thank you in advance. ;D
#3 of 282 Re: Re: MINI Cooper: Lease Questions by Car_man HOST Sep 21, 2005 (1:59 am)
Hi ninasimone. As usual, MINI is not providing any sort of lease support on the Cooper. As a result, if you were to lease one through its captive finance company, you would have to use its standard lease money factors. I believe that its buy rate standard lease money factor is currently .00280.   Car_man Host Smart Shopper / Prices Paid Forums
#4 of 282 Residual on 2006 Cooper S by david4 Sep 24, 2005 (4:44 pm)
What is the current residual on a 2006 Cooper S? I assume the MF is .0028 on the 2006's is that correct?   Thanks, Dave
#5 of 282 Re: Residual on 2006 Cooper S by Car_man HOST Sep 28, 2005 (3:00 am)
Hi Dave. BMW is not currently providing any sort of lease support on the 2006 Mini Cooper. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease program. As you are already aware, its buy rate standard lease money factor is currently .00280 for any length lease. I should be able to give you an idea of what this car's residual values are like if you let me know how long you want to lease it for and how many miles per year you need to be able to drive it.   Car_man Host Smart Shopper / Prices Paid Forums Replies to this message: faw1 (Sep 29, 2005 3:51 pm)
#6 of 282 Re: Residual on 2006 Cooper S [Car_man] by faw1 Sep 29, 2005 (3:51 pm)
Replying to: Car_man (Sep 28, 2005 3:00 am) Who are the lessor options on the Mini, besides BMW?
#7 of 282 Re: Re: Residual on 2006 Cooper S by Car_man HOST Oct 11, 2005 (2:28 am)
Hi faw1. As you mentioned BMW Financial Services offers leases on the MINI Cooper. I am sure that a number of independent banks offer leases on it as well, but I do not know exactly which ones. Sorry that I could not be of more help.   Car_man Host Smart Shopper / Prices Paid Forums
#8 of 282 Cooper lease estimate by dieselg4 Oct 20, 2005 (7:01 pm)
For a 2006 cooper w/ manual, cold weather package, and deluxe sterring wheel. MSRP $18050, in Pittsburgh, 36 months 10,000 mi/year. Any ideas? Replies to this message: Car_man (Nov 14, 2005 3:38 am)
#9 of 282 Lease Transfer from NY to NJ by maxillo Oct 21, 2005 (3:21 pm)
Hey folks,   I am considering taking over a Mini S lease via Swapalease.com .   The current leasee is in NY state, where sales tax on the lease is collected at lease inception, and the tax is non-refundable if the lease terminates prematurely. The leasee rolled the tax into his payments.   Now if I take over the lease, am I responsible for his tax payments for the remainder of the lease? That can't be right, but someone has to pay them (all 26 months worth).     I'm sure my home state NJ still wants their tax, so I will pay them. (don't know how they would calculate that, since in NJ tax is collected on the capilization cost minus residual, and since this is a transfer, I don't know what would be used for cap cost).   your help is appreciated. I think the MINI S is a fabulous car!!! Replies to this message: kyfdx (Oct 21, 2005 7:15 pm)
#10 of 282 Re: Lease Transfer from NY to NJ [maxillo] by kyfdx HOST Oct 21, 2005 (7:15 pm)
Replying to: maxillo (Oct 21, 2005 3:21 pm) I'm no expert on NY or NJ sales tax law... but, this is what I think will happen..   1) His NY tax was paid upfront, and that amount was added into the lease's cap cost... So, the tax has already been paid, and the lease is for the total amount financed... at this point, with the tax already being paid, his lease payment includes no tax.. just an amount financed..   2) When you go to register the car in NJ, you will have to start paying tax on the lease payments (6%), over and above what his payment is now.. or.... Alternatively, they may use the current payoff of the lease (sort of what he "owes" on it) minus the residual, and tax that amount..   Either way, I would assume that the NY tax he paid upfront is a "sunk cost", and you will have to pay tax again in NJ...   I'm starting to see this more and more... frequently, from lessees that move from a "tax upfront state" like NY, to a "tax the payment" state like KY... They are still leasing the same car, and get hit with additional tax payments..   regards, kyfdx Host-Prices Paid Forums   P.S.: Don't depend on my assumptions before making this transfer... Call your local DMV...

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