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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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#143 of 282
Went to Mini Calabasas - by umpalumpa
Jun 01, 2008 (8:19 am)
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yesterday i stopped in there and they were telling me on on the clubman - which they were all out of btw - they were seeing no money down leases in the $600 range! that is crazy for a car w/ such high residuals and relatively low price. so they are definitely messing around with the money factor...oh and the $3000 markup hurts too! people are buying them, so i guess they can do what they want.
 
Question: will leasing through a service like leasecompare or carsdirect eliminate the markup that most dealers are charging?
#144 of 282
Re: Went to Mini Calabasas - [umpalumpa] by blueguydotcom
Jun 01, 2008 (12:45 pm)
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Replying to: umpalumpa (Jun 01, 2008 8:19 am)

Like a purchase, you negotiate purchase price. as for leasing figures, check leasecompare.com as you might find a much cheaper lease rate on the clubman.
#145 of 282
Money Factors and Depreciation by rojasam56
Jun 10, 2008 (1:54 pm)
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Is there anyway to get the dealer to lower the money factor? Does credit score have anything to do with it?
 
How can I confirm the expected value the the end of a leaseterm?
#146 of 282
Re: Money Factors and Depreciation [rojasam56] by blueguydotcom
Jun 10, 2008 (9:44 pm)
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Replying to: rojasam56 (Jun 10, 2008 1:54 pm)

They will tell you the residual percentage. Multiply the percentage against the MSRP and that's the lease return value.
#147 of 282
Re: Lease rates for May 2008 [ejs0614] by Car_man HOST
Jun 12, 2008 (1:51 am)
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Replying to: ejs0614 (May 20, 2008 3:16 am)

You're very welcome, ejs0614. Mini resale values are outstanding. Dealers can't get enough new models. Mini was a success already and the current high gas prices have increased demand for them even more. Enjoy your new ride .
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#148 of 282
Re: MAY LEASE #'s for Cooper S Coupe [polyvw] by Car_man HOST
Jun 12, 2008 (1:59 am)
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Replying to: polyvw (May 27, 2008 6:12 pm)

Hi polyvw. The residual value for a 36 month lease of a 2008 Mini Cooper S Coupe with a manual transmission is 63%. Mini's money factors vary by region, but they should be in the .00200 to .00250 range.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#149 of 282
Owners choice financing? by coasterguy
Jun 12, 2008 (6:14 pm)
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I am getting ready to trade in a my car for a 2008 Mini. I was thinking of leasing as I keep buying and never, ever pay off the car before I trade it in. They told me of the Mini Financial program of Owner's Choice. Anyone? Any input? Lease? Any thoughts? Thanks.
#150 of 282
Re: Owners choice financing? [coasterguy] by blueguydotcom
Jun 12, 2008 (7:14 pm)
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Replying to: coasterguy (Jun 12, 2008 6:14 pm)

Don't trade in your car. They'll abuse you on resale value.
 
Check Leasecompare for better lease rates than BMWFS offers. BMW does little to prop up the mini with leasing as it's such a cash cow. This is the exact opposite of leasing a BMW 3 series which gets tons of support from BMW.
#151 of 282
Re: MF and Residuals on '08 Cooper (non S) [Car_man] by gcotterman
Jun 13, 2008 (1:28 pm)
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Replying to: Car_man (Apr 25, 2008 1:17 am)

Hi Car Man,
 
Just receied a quote from Midwestern Auto Group in Columbus Oh on 2 and 3 year leases with 76% and 66% residuals respectively (10,000 mi/yr). Also the quote included a money factor of .00359 which seemed a little high. Payments were 348 and 359/mo with 3k down. Do you know what BMW's money factors are right now?
Thanks,
gman71
#152 of 282
Lease for 261 per Month by chengh
Jun 25, 2008 (9:27 pm)
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I went to MINI dealership in Mountain View of CA in February. We ordered a new MINI, base model/auto transmission, with a lease contract, 12k miles/year, 3 years. I choose to put down about 24XX so the monthly payment is about 260.xx. I lease it for my wife and she loves the car. These days we drive this car a lot because it is really a gas saver, 34 mpg with 70% highway. I think this is a good deal because February economy was soft and gas price was so as high as today yet. I believe these days people have to pay more to get a MINI out of the door because there are so much demand for small cars. And cost of steel and paint are going up rapidly. Inflation is here apparently.

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