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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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#230 of 286 clubman by hull22 Jul 11, 2009 (2:34 pm)
Car_man, What are the July lease rates for the Mini Cooper Clubman? Also, do the current Mini lease special requiring taking delivery by a certain date, meaning you can't special order a car and get the lease special?   Jacob Replies to this message: Car_man (Jul 22, 2009 2:09 am) smithsonga (Jul 23, 2009 11:03 am) Car_man (Aug 11, 2009 2:02 am)
#232 of 286 Re: Cooper Hardtop in June [pilotman5] by Car_man HOST Jul 22, 2009 (1:55 am)
Replying to: pilotman5 (Jun 20, 2009 9:00 am) Hi pilotman5. According to the latest information that I have seen, Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Cooper Clubman S with 15,000 miles per year are .00230 and 62%, respectively.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#233 of 286 Re: july lease program [atrajan] by Car_man HOST Jul 22, 2009 (1:57 am)
Replying to: atrajan (Jul 02, 2009 9:03 pm) Hi atrajan. I have seen Mini's July lease program and I would be happy to fill you in on the details of it. However, its money factors and residual values vary by trim level, term, and mileage allowance. Let me know exactly what these variables are and I will let you know what the program is like.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#234 of 286 Re: New to leasing plus ordering a car [minooka] by Car_man HOST Jul 22, 2009 (2:01 am)
Replying to: minooka (Jul 11, 2009 9:07 am) Hi minooka. Mini's residual values vary by trim level, term (aka length of lease), and mileage allowance. Let me know what these numbers are and I'll gladly provide you with the number that you're looking for.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#235 of 286 Re: clubman [hull22] by Car_man HOST Jul 22, 2009 (2:09 am)
Replying to: hull22 (Jul 11, 2009 2:34 pm) Hello Jacob. Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Cooper Clubman (non-S) with 15,000 miles per year are .00230 and 63%, respectively. I believe that this lease program is scheduled to run through the end of the month. Having said this, many manufacturers' captive finance companies allow consumers who order vehicles to lock in the lease program that is available at the time that they place their order. If you're interested in doing so, make sure to ask the dealer if this is an option.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum Replies to this message: smithsonga (Jul 23, 2009 11:03 am) Car_man (Aug 11, 2009 2:02 am)
#236 of 286 Re: clubman [Car_man] by smithsonga Jul 23, 2009 (11:03 am)
Replying to: Car_man (Jul 22, 2009 2:09 am) what are the lease rates for a Cooper S Convertble? 10k and 12k miles, thx. Replies to this message: Car_man (Aug 11, 2009 2:02 am)
#237 of 286 Stumped! by meyanbarredo Jul 24, 2009 (6:16 pm)
Hi there. I'm stuck and I need help. I was trying to get credit approval on the Mini website and it kept asking me for my birthday. But nowhere on the page do I see anything pertaining to birthdate. Please help! Has anybody had this problem?
#238 of 286 Good deal on the lease!!!! by gobsarv Jul 25, 2009 (5:02 am)
Good morning car-man,   just wondering if i got a good deal or an acceptable deal on the car i leased yesterday.   MSRP on Cooper S + equipment = 27036 other charges such as dealer fees/tax = 1381.72 trade in of = 3000   which equalled to unpaid balance of 25417 cash due at signing is = 1510.26   which all equalled to = 314.30/month   would you consider this as a good deal or just acceptable???   gobsarv Replies to this message: Car_man (Aug 11, 2009 2:06 am)
#239 of 286 I'm a new 2009 Mini Cooper owner by owl79 Aug 03, 2009 (1:43 pm)
Hello all. Newbie to this board. I know I should have done all my research before leasing, but I had a busy July. Let's say I want to now learn for a potential 2nd lease opportunity in a few years.   I just traded in my 2004 Mini Cooper for a 3yr(10K/year) lease on a 2009 Mini Cooper non-S hardtop. I would like some reassurance that I got an OK deal... I know I didn't get the best deal possible. If I got a bad deal, please let me know, too, so that I know to give my business to another dealership in the future   Here are my details of the contract... NOTE it's I negotiated $600 off this worksheet price after I saw the first revision. So, these numbers are from the first revision.   ---   MSRP + Bank Fee = $23975 ($925 for bank fee) Cap Reduction = $6814.68 ------------------------ Net Cap Cost = $17160.32   Adj Residual = $15904.50 (69% of $23050) Tot Term Dep = $1255.82 Monthly Dep = $34.88 Mo Lease Chg = $81.01 ===================== Base Payment $115.89 CA tax = 9.5% = $11.01 ===================== Tot Mo Payment = $126.90   Est Fees/Term = $1067.75 Tot Taxes = $1048.03   1st Payment = $126.90 CAP Red = $6814.68 Sls Tax Upfrnt = $651.67 1st Yr Fees = $361.75 sec Dep = $0 Other Upfnt = $45.00 ====================== Tot Init Pmt = $8000   ----   My questions: 1) what is the $651.67 sales tax upfront? I asked for a quote on a no-trade in scenario (in case I wanted to sell my car private party - would have got more, but I've got no time for it at this point in my life) and the upfront sales tax was $4.28) - did I get taken on this "tax"? I didn't think dealers can add extra state taxes at will, so I figured this was part of the trade-in fee? 2) How is the $81.xx monthly lease charge calculated? It doesn't seem proportional to the monthly depreciation cost. 3) what is my money factor ratio and how's it compare to what is current? (My Fico is around 800) 4) For future reference, what other numbers could I have negotiated besides the $200 on the bank fee? 5) What is "Est Fees/Term = $1067.75"? I'm guessing part of it is the "1st Yr Fees = $361.75" and I understand there's a $350 fee on return of the car. I'm guessing the rest is registration fees for the 2nd and 3rd years?   Additional notes: - MSRP was $23,025 - I negotiated for $600 off, bringing down the price to $22,425 (so my adjusted numbers different from above come out to be $106/month, after taxes) - Found out later (glove box) that car was sitting on lot/showroom since 6/9/2009   Thanks in advance!

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