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MINI Cooper, MINI Cooper Countryman, Car Leasing, Coupe, Convertible, Hatchback, SUV
Sep 16, 2008 (10:08 am)
ok ive not come across this before
My mother leased a mini cooper in 2006 for 2 years and 24k miles
now its time to turn the car back in and to my dismay she has 6k miles on the car
and they want around 18k for the car if she wanted to buy it. It seems to make more sense to buy the car and either keep it or sell it on our own because with that kind of milege wouldnt they make a killing on it? Or can we use it to get into another brand new car ? thtnks in advnace
#161 of 798 Re: lease buy back [bgates222]
Sep 16, 2008 (1:23 pm)
Yes, you can actually trade in a lease and benefit from the equity, if in fact there is any. Just get a trade-in value quote. If it is more than the buyout, then that is your equity.
If you want the true trade-in value, try posting the details on The Real-World Trade-in Values board.
#162 of 798 Re: lease buy back [qbrozen]
Sep 16, 2008 (1:34 pm)
#163 of 798 2009 MCS Lease Rates for October, 2008
Oct 02, 2008 (4:55 am)
Car_Man - I know they probably aren't out for a few more days, but could you please post the 2009 MCS Lease Rates for October, 2008 when they are released?
I've worked up a lease proposal based on the only numbers I could find (I think these are Aug-08 numbers for the last 2008 models):
09 MCS, 36 mo, 36K mi
Base MF: 0.00219
Residual: 64% (62% 15K/yr + 2% for 12K/yr)
Base Acq Fee: $625.00
It would be great to know if these have changed for the 09 model (residual higher?) before I present it to my dealer.
#164 of 798 Re: Is this a good deal? [whiskerychief]
Oct 25, 2008 (3:55 am)
I recently was quoted $410 month on an 09 CooperS, with options stickered for $29665. This is with $2500 down and 10,000 year mileage, and a 24 month lease, what u think??
Nov 05, 2008 (1:48 pm)
Does anyone know the current residual values and captive finance money factors for 2008 and 2008 model year minis for 24 and 36 months, at 12K mi per year?
Nov 08, 2008 (12:22 pm)
I am in Los Angeles, CA. Which mini dealer do people here suggest? My girlfriend is interested in pretty much the base model (though w/ auto). Anyone out there got recent lease terms (cap cost, residual, etc) for 12,000 (and 15,000) for 36 months?
She is also a recent graduate? Anyone here take advantage of the new graduate program?
#167 of 798 2008 Lease vs. 2009 Lease Cooper
Nov 08, 2008 (9:38 pm)
went to a dealership in so. cal. this afternoon, and was quoted the following:
2008 Cooper MSRP $19,500 FIRM
$1,600 down (out the door costs)
money factor of .0049 (credit score right under 600)
Monthly Payment "high 300s" he said.
This is for a 2008. How does this sound? Any room to negotiate here?
#168 of 798 Money Factor currently
Nov 12, 2008 (2:25 pm)
Hi all, i was wondering if anyone could tell me what they are offering money factor wise if you have excellent credit? Thanks
#169 of 798 Re: Mini Residuals [carinsider]
Nov 19, 2008 (4:30 am)
Hi carinsider. BMW's current residual value for a 24 month lease of a 2009 base Mini Cooper with 12,000 miles per year is 80%. The number for an otherwise identical 36 month lease is 70%. For otherwise identical leases of an '08 model, the residuals are 75% and 66%.
BMW is not currently providing any lease support on Minis. As a result, if you were to lease one through its captive finance company, you would have to use its standard lease money factor, which varies by region. It is probably around .00250 or so, give or rake a few .00010 in your area right now.
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