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MINI Cooper Lease Questions

286 messages,  Last post on Nov 19, 2009 at 7:48 AM

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

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#195 of 286 Re: 2009 Mini Cooper Lease [toky] by Car_man HOST Feb 11, 2009 (2:58 am)
Replying to: toky (Jan 21, 2009 12:18 pm) Hi toky. On most vehicles, consumers who shop around are able to find a dealer that will charge them the dealer buy rate on leases...particularly in today's difficult retail environment.   The money factors for all Mini models are exactly the same.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#196 of 286 Acquisition Fees and MF by jvost Feb 15, 2009 (8:23 am)
Hi - Can anyone out there confirm BMWFS's acquisition fees for a Mini Cooper lease? I see from the board that many dealers are charging $925, but I think the dealers may be marking the fee up an additional $200 from the finance company's actual fee of $725. Also, can anyone confirm what the buy rate for the MF is for February? According the following website the factor is .00219, which is significantly lower than what I see being reported on earlier posts. Again, I'm assuming the dealers are marking this up.   http://www.ridewithg.com/index.php/2009/02/09-mini-cooper-lease-rates-for-februa- ry-2009/ Replies to this message: Car_man (Mar 02, 2009 5:12 am)
#197 of 286 Re: Acquisition Fees and MF [jvost] by Car_man HOST Mar 02, 2009 (5:12 am)
Replying to: jvost (Feb 15, 2009 8:23 am) Hi jvost. BMW Financial Services' base acquisition fee is indeed $725. BMW dealers, and I suppose Mini dealers, are notorious for trying to mark up BMW FS' base fee to add additional hidden profit to deals. You should be able to find a dealer that will charge you the base fee if you negotiate with them some more or shop around.   BMW's money factors for Minis vary by region. They should probably be anywhere from .00210 to .00240 depending upon where you live.   If you are not 100% set on leasing, you might be interested in the fact that 4.9% financing for up to 5 years on Minis.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#198 of 286 09 Clubman Lease - Opinions? by lala711 Mar 04, 2009 (10:42 am)
I ordered an '09 Clubman due here in 9 weeks, and wanted to get some opinions on the lease I was offered:   MSRP: $26,200 Selling Price: $25,700 Lease Terms: 3 yrs/12,000 miles per yr Residual: 68% Cap. Cost Reduction: 873 Acquisition Fee: $925 Security Deposit: $400 Tax, Title, License Fees: $369   This gets me the car with about $2K out the door. Based on these numbers, I'm calculating the MF around .00208. I'm trying to figure out how to make this deal better... any thoughts? I know the acq. fee was increased by the dealer by $200, and I'm thinking I may be able to get another $500 off MSRP (for a total of $1K off)... do you think I should ask for more? Or would you say this is a good deal? Thanks for the hlep!
#199 of 286 Fair lease #... by oiler Mar 04, 2009 (11:50 am)
Where: Indianapolis, IN What: Cooper S MSRP: 25,100 Lease: 36 months MIles: 15,000 per year Amt down: $0   Credit approved (good to excellent) - asked the dealer (in an email) the mf used and residual value - to which he didn't answer but shot back the monthly $ figure for this lease would be...   $445   This seems high?   Is it possible to derive the mf from the above info?   Capitalized cost - is this the MSRP figure? Or are there other figures added (tax, fees, etc)??   Residual Value - is 68% correct? Would it then be 68% of the MSRP figure   By the way, I replied back via email that the monthly was too high and that their mf being used must be too high - said thx for the help and that I would look elsewhere. He has since left a message to call him   What is a "reasonable" amount to be paying monthly for the above setup?   Thx in advance
#200 of 286 2009 Cooper S Convertible Money Factor by dslucki Apr 29, 2009 (1:23 pm)
Car_Man - I am interested in the buy rate money factor for April on a Cooper S Convertible. I've been quoted .0024. Also, would you advise someone to pay a security deposit and an acquisition fee to lower the money factor? Thanks in advance. Replies to this message: Car_man (May 01, 2009 2:06 am) dslucki (May 04, 2009 6:38 am) Car_man (May 28, 2009 1:42 am)
#201 of 286 Re: 2009 Cooper S Convertible Money Factor [dslucki] by Car_man HOST May 01, 2009 (2:06 am)
Replying to: dslucki (Apr 29, 2009 1:23 pm) Hi dslucki. BMW's April buy rate lease money factor for the 2009 Mini Cooper S Convertible was right around the .00240 that you were quoted. I say right around because it varies by region, but the factor that you were quoted is very similar to the ones that I have seen.   BMW's April residual value for a 36 month, 15,000 mile per year lease of this car was 59%.   This lease program was scheduled to run through April 30th, but I suspect that its May program will be very similar...if not exactly the same.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: dslucki (May 04, 2009 6:38 am) Car_man (May 28, 2009 1:42 am)
#202 of 286 Re: 2009 Cooper S Convertible Money Factor [Car_man] by dslucki May 04, 2009 (6:38 am)
Replying to: Car_man (May 01, 2009 2:06 am) Car_Man - thanks for the info. I am in Southern California if that makes a difference on the numbers. Do you see any changes to the residual and money factor for May? Thanks! Replies to this message: Car_man (May 28, 2009 1:42 am)
#203 of 286 Re: 2009 Cooper S Convertible Money Factor [dslucki] by Car_man HOST May 28, 2009 (1:42 am)
Replying to: dslucki (May 04, 2009 6:38 am) No problem, dslucki. Mini's May lease program is slightly worse than its April program was. I believe that in most areas its buy rate lease money factor is .00010 higher this month. Its residual value for the terms that I mentioned previously is 1% lower.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#204 of 286 2009 Mini Cooper Lease vs. Purchase by ufjen34 Jun 02, 2009 (4:05 am)
I am planning to visit a couple of mini cooper dealerships this weekend. I have always been opposed to leasing because I would be obsessed with making sure I was within the mileage limits. However, I have decided to keep my current car and get the mini as a second car, making the mileage limits a non-issue. A collegue is strongly pushing a lease, but I really know nothing about them. Can someone please tell me the main things to look for to make sure I am getting a good leasing deal? I would like to keep any lease payment under $350 and so far like minis in the 22-24K price range, is this type of a lease payment even feasible? Any information about the above questions or leasing vs. traditional purchase would be greatly appreciated (I really would rather not do the Mini Select purchase as I don't want a balloon payment at the end, but the dealers really seem to push this financing option).   Thanks Replies to this message: Car_man (Jun 16, 2009 2:26 am)

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