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MINI Cooper Lease Questions

287 messages,  Last post on Nov 30, 2009 at 7:31 AM

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

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#109 of 287 Re: October lease rates [pjo1966] by dwynne Oct 12, 2007 (3:25 pm)
Replying to: pjo1966 (Oct 12, 2007 2:56 pm) I think they are about the same, unlike most other car brands the MINI 08 models will not arrive until 08.   I think I posted this here before, but it not, you really should look at a 3rd party lease on a MINI. They sell so well that the MF on a MINI captive lease is sky high. They do have a higher residual than a 3rd party lease bank would have, but the super high rate negates the higher residual. On any term probably above 24 months and maybe even then, a 3rd party lease will net you a lower payment. MINI also charges a high bank fee and does charge an end of lease turn in fee (sort of rare for a captive lease) - this puts these fees more in line with a 3rd party bank fees. I would not be surprised if most/all MINI dealers did not mark up the money factor and even the bank fee as well.   You can check www.leasecompare.com for a rate and payment online (no obligation or app to fill out), check with any other lease broker, or ask your MINI dealer if they do 3rd party leases - they may not. If you go through a lease broker they buy the car at your price and lease it to you. I have done this a couple of times and it saved me a lot of money - when the dealer and/or captive lease bank offered crummy deals. I was able to get out of paying a high doc fee in one case - since it was a wholesale transaction (leasecompare overnighted or wired them the money) and did all the title, tag, and other work the dealer could not justify any "doc" fee. The dealer just took the money, sent the title to leasecompare (at leasecompare's expense), and handed me the keys - that is all they did.   Dennis Replies to this message: pjo1966 (Oct 12, 2007 3:31 pm) bp2008 (Nov 08, 2007 3:40 pm)
#110 of 287 Re: October lease rates [dwynne] by pjo1966 Oct 12, 2007 (3:31 pm)
Replying to: dwynne (Oct 12, 2007 3:25 pm) Thanks for the info. I was planning on sticking with Mini Financial because of a fee that will be waived when I turn in my BMW. I'll have to check to see if it's less expensive to pay the fee and go with another leasing company. Replies to this message: bp2008 (Nov 08, 2007 3:40 pm)
#111 of 287 Re: October lease rates [pjo1966] by bp2008 Nov 08, 2007 (3:40 pm)
Replying to: pjo1966 (Oct 12, 2007 3:31 pm)
#112 of 287 3 years maintenance free? by ipramono Nov 10, 2007 (7:58 pm)
Hi, with the current lease offer, do we also get the famous 3 years bmw's free maintenance service?
#113 of 287 when my 1year lease is up what should I do? by tica Nov 11, 2007 (9:58 am)
Hi In May, I leased a 2007 Mini Cooper (MSRP 25,200) for 169/month for 1 year with $2350 down. (Awesome deal) My residual value which I can buy the car for is $21,000.   My question is, should I buy it or buy a 2008 with fewer options (this one has more options than I actually care about). The new one I priced out with the only options I want would be 2008 at around 21,500 or so. So I'd have a 1 year newer car and more lease for around the same price.   OR if the dealer might go lower in the price to buy my 2007, should I do that? And does anyone have any experience with this--is it likely that the dealer would reduce the residual to get me to buy this one rather than get a 2008?   thanks   PS I thought I was supposed to change the oil at 5000 miles, but I called the dealer and they said I'm not due for service yet. I'm just about to hit 5000 miles, what am I supposed to do? I can't find anything in the manual or lease form that gives me specifics. Replies to this message: blueguydotcom (Nov 11, 2007 2:06 pm) itaddict (May 06, 2008 7:53 pm)
#114 of 287 Re: when my 1year lease is up what should I do? [tica] by blueguydotcom Nov 11, 2007 (2:06 pm)
Replying to: tica (Nov 11, 2007 9:58 am) Oil changes occur at:   1. The car's computer informs you it's time to schedule an appointment. 2. 1 year has passed since you last had an oil change.   BMW uses this program and they have for over 8 years - the cars are just fine following it. You can pay for your own oil change but considering the car's a lease...what would be the benefit to you? Follow the manufacturer's suggested maintenance program.
#115 of 287 ok by tica Nov 11, 2007 (8:21 pm)
alright thx, i've never owned a car before so not sure about all the rules!
#116 of 287 Lease options for very low yearly miles? by lowmiles Dec 21, 2007 (1:26 pm)
I am interested in leasing a MINI for 36 months. However, because most my work is at my home office, and the rest requires out of state travel (via plane) my yearly car mileage averages between 5500 and 6250. In Europe, they offer many 8000 mi/per year leases as standard, but the lowest I've seen in the US is 10000. Can I negotiate a lower cost lease at a 7000 or 8000 miles-per-year cap?   Thanks in advance for the feedback.
#117 of 287 what is better for tax deduction--lease or buy? by tica Dec 31, 2007 (5:30 pm)
I'm a self-employed freelancer and freelanced my mini for one year. It will be up on May 1, so I'm trying to decide what to do. I probably will get a 2008 instead of buying my 2007,but not sure whether it's better to lease or buy?   I can deduct my mileage for travelling to and from work meetings.   But what's the difference between the other costs--gas, lease payment/loan payment, etc.? Does it matter?   thanks Replies to this message: zkaudio (Jan 16, 2008 4:49 pm)
#118 of 287 Current leases by zkaudio Jan 16, 2008 (4:49 pm)
Replying to: tica (Dec 31, 2007 5:30 pm) Anyone shed light on their lease cost for a Mini S?   I am looking at a configuration around 25k...   Can that be had on a 15k /yr 24mo lease at under 400/mo with 1,500 out the door? Anyone on a similar lease?   Thanks

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