- #273 of 286
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Re: Lease September 2009 [zoran]
by Car_man HOST
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Oct 12, 2009 (1:34 am)
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Replying to: zoran (Sep 21, 2009 7:31 pm)
You're very welcome, zoran. Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mini Cooper S with 10,000 miles per year are .00205 and 63%, respectively.
Car_man
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- #274 of 286
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Re: Lease September 2009 [jnook1]
by Car_man HOST
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Oct 12, 2009 (1:39 am)
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Replying to: jnook1 (Sep 22, 2009 4:40 pm)
I'd be happy to help you out, jnook1. Mini's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Cooper with 15,000 miles per year are .00200 and 62%, respectively.
The numbers for an otherwise identical lease of a 2010 model are .00225 and 61%.
If you were to lease either of these cars with only 12,000 miles per year, their residual values would be 2% higher.
Car_man
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- #275 of 286
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Re: Incremental Residual Values [criticald]
by Car_man HOST
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Oct 12, 2009 (1:41 am)
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Replying to: criticald (Sep 24, 2009 10:01 am)
Hello criticald. Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Cooper S with 10,000 miles per year are .00225 and 61%, respectively.
As Kyfdx mentioned, the addition of options has no impact upon this car's residual values (other than John Cooper Works).
Car_man
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- #276 of 286
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Re: 2009 Cooper Hardtop Offer [frankiep_bsny]
by Car_man HOST
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Oct 12, 2009 (1:47 am)
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Replying to: frankiep_bsny (Sep 27, 2009 6:08 am)
Hi frankiep_bsny. $3,000 is a lot of money to pay at signing on a lease. I assume that a decent chunk of that money is being used as a capitalized cost reduction. I always advise consumers not to make cap cost reductions on leases. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, you would be much safer going with a zero down lease.
As far as how attractive this deal is, I would be happy to give you my opinion on it...however it would be much easier for me to do so if you would provide us with this car's full MSRP and approximate selling price first.
Car_man
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- #277 of 286
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Re: Good Deal on MINI in California? [wizzledizzle]
by Car_man HOST
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Oct 12, 2009 (1:50 am)
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Replying to: wizzledizzle (Sep 28, 2009 3:34 pm)
Welcome wizzledizzle. I find that the best way to tell if a lease is a good deal is to look at the selling price that it is based upon. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without this number, it is difficult to tell how large a discount the dealer is giving you and in turn whether there is likely any room left to negotiate. Let us know what this car's selling price is and I'm sure that either myself or another helpful community member will be happy to let you know what they think,
Car_man
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- #278 of 286
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Re: Wizzled [jnook1]
by Car_man HOST
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Oct 12, 2009 (1:57 am)
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Replying to: jnook1 (Sep 30, 2009 10:22 am)
Hey jnook1. Please see my answer to your question in post #274. Thanks.
Car_man
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- #279 of 286
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Cooper Clubman
by sevenfeet0
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Oct 13, 2009 (9:27 am)
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Are there any specific programs right now for the Clubman? The normal Cooper is too small for my family (I'm 6'11") and we need to fit kids in the rear seat. Are any of the lease numbers any different than what you've been posting over the last week? And are there any different tax outcomes onn buy versus lease?
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- #280 of 286
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Re: Cooper Clubman [sevenfeet0]
by Car_man HOST
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Oct 28, 2009 (2:49 am)
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Replying to: sevenfeet0 (Oct 13, 2009 9:27 am)
Hi sevenfeet0. I didn't like the Clubman at first, but it has really grown on me to the point that I think that it's cool now. Holy Toledo, I just noticed that you said that you're nearly seven feet tall. Have you tried sitting in a Clubman? I haven't driven the Club, but I have driven a normal Mini Cooper and I don't see how you would be able to fit comfortably in one.
Anyhow, here's the information that you're looking for. Mini's October buy rate lease money factor and residual value for a 36 month lease of a base 2010 Cooper Clubman with 15,000 miles per year are .00225 and 61%, respectively. The numbers for an otherwise identical lease of a 2009 model are .00210 and 61%.
Car_man
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- #281 of 286
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Re: MINI Cooper: Lease Questions [Car_man]
by jeffrey12341
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Nov 03, 2009 (8:25 pm)
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Replying to: Car_man (Aug 31, 2005 4:01 pm)
Hey car man. Would you agree that it is smarter to lease a mini rather than buy because of its crappy reliabilty. If you see that the car is gonna give you alot of problems in the next three years than turn it in. If it is doing well than buy it rather than buying it and regreting it later. If something goes wrong with the car while its lease, does the dealer have to fix it free of charge? I saw in a sample contract from leaseguide.com that if anything goes wrong with the car than the owner is responsible for it. I thought the point of leasing is to not worry about repair charges while you own it? Also, is it a good deal to get to lease a 10 mini s for total lease payment of $10,840 in new jersey? Thank You.
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- #282 of 286
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2010 Cooper S mf and res?
by joesao
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Nov 05, 2009 (2:24 pm)
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Hi Car_man, I would appreciate your help with the residual and money factor for a 2010 Cooper S w/ 10k mile lease. I saw that you replied twice to this question before but the numbers you gave were different.
To criticald you replied: .00225 and 61%, respectively.
To zoran you replied: .00205 and 63%, respectively
What are the latest numbers?
Thanks for your help!
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