- #61 of 159
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Mini Cooper MF and Residual Request
by earcom
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Oct 08, 2006 (10:12 pm)
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Hello Car_Man,
Like many people on these boards I depend on your assistance when purchasing/leasing cars and in this case I would like to know the October 2006 money factors and residuals for both the Mini Cooper and the Mini Cooper S for 36 months and 12K miles.
Thank you for all of the information and assistance that you provide.
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- #62 of 159
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Re: Mini Cooper MF and Residual Request [earcom]
by Car_man HOST
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Oct 18, 2006 (4:45 am)
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Replying to: earcom (Oct 08, 2006 10:12 pm)
You're very welcome, earcom. As usual, Mini is not currently providing any sort of lease support on its cars. As a result, if you were to lease one through its captive finance company right now, you will have to use its standard lease money factor. Its standard factors vary by region, but should currently be around .00289 for consumers who qualify for its top credit tier, give or take. Its current residual value for a 36 month lease of a 2006 Mini Cooper with 12,000 miles per year is 67%. Its residual for an otherwise identical lease of a Mini Cooper S is 63%.
Car_man
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- #63 of 159
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Re: Mini Cooper MF and Residual Request [Car_man]
by bgates222
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Oct 22, 2006 (3:33 pm)
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Replying to: Car_man (Oct 18, 2006 4:45 am)
Hey I was Quoted a money factor of .00320 at manhattan mini is there a sure fire way to know if they havea ajusted it or not?
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- #64 of 159
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Re: Mini Cooper MF and Residual Request [bgates222]
by Car_man HOST
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Nov 16, 2006 (3:36 am)
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Replying to: bgates222 (Oct 22, 2006 3:33 pm)
Hi bgates222. There's no definite way to prove that the dealer that you are working with is marking up your vehicle's money factor, but the factor that you were quoted does sound a little high to me. I suspect that Mini's current buy rate lease money factor is below .00300. You may want to try shopping around at another Mini dealer or two, there should be a number of them in the New York City area, to see what sort of money factor they quote you.
Car_man
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- #65 of 159
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Re: Mini Cooper MF and Residual Request [Car_man]
by bgates222
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Nov 16, 2006 (8:09 pm)
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Replying to: Car_man (Nov 16, 2006 3:36 am)
i went to the other mini dealers and they were all about the same on everything which surprised me lol thanks for your help though.
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- #66 of 159
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Re: Mini Cooper MF and Residual Request [bgates222]
by Car_man HOST
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Jan 21, 2007 (9:42 am)
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Replying to: bgates222 (Nov 16, 2006 8:09 pm)
You're welcome, bgates222. Let me know if you have any other questions.
Car_man
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- #67 of 159
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Zero down $219 / month
by tball2
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Feb 12, 2007 (1:15 pm)
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I recently saw an ad for 2006 Mini's at zero down, $219 month (48 months)+ tax, fees, 1st month. (Based on an msrp of $19600) What should I be very wary of? I have never leased....
I'm new here, please be nice 
Thanks!
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- #68 of 159
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Re: Zero down $219 / month [tball2]
by qbrozen
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Feb 12, 2007 (1:27 pm)
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Replying to: tball2 (Feb 12, 2007 1:15 pm)
how much down?
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- #69 of 159
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Re: Zero down $219 / month [qbrozen]
by tball2
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Feb 12, 2007 (2:26 pm)
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Replying to: qbrozen (Feb 12, 2007 1:27 pm)
Supposedly zero down. Just tax, title, FEES???, and first month payment
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- #70 of 159
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Re: Zero down $219 / month [tball2]
by qbrozen
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Feb 12, 2007 (2:32 pm)
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Replying to: tball2 (Feb 12, 2007 2:26 pm)
heck, sounds darned good to me. I assume this isn't a national deal? where did you hear the ad?
the fees could of course be the stumbling block, but, really, doc fees shouldn't be too high, and they are negotiable. bank fees should be set by the bank.
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