Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences MINI Cooper Lease Questions
159 messages, Last post on Jul 16, 2008 at 5:33 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
|
Replying to: tball2 (Feb 12, 2007 2:26 pm) 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. |
|
|
Can you provide me with the current residuals for both base and S modles, '06 and '07. I want to run the numbers as on both as I think they are close to invoice on the '06, but not budging from MSRP on the '07. Any incentives coming soon on any modles? Thanks!
|
|
|
|
|
Replying to: itchy4 (Feb 18, 2007 11:11 pm) You should be able to get a real good deal on an '06 because the '07 seems a much improved product (to me) and everyone's hot for it. I'd bargain hard on an '06 right now, since the '07s are in the showrooms right next to them.
|
|
|
|
lowest money rate so far I've found for a MINI lease in the Bay Area has been 0032. Still searching. If you're working with a good dealer, you can lock in the present rate by ordering the car but if it drops next month you can change the lease to take advantage of that. Looks like about 2 months wait if you "build" your own MINI. I did find a dealer who doesn't mark up OVER MSRP though.
|
|
|
Replying to: Mr_Shiftright (Mar 03, 2007 8:48 pm) I've never owned a car (having lived in London and now NYC) where you don't need one. But finally am revving up to buy a Mini I think. I had sort of concluded that a 3year lease made no sense since you don't own it after paying all that money. But I just saw a dealer that is offering a 1 year lease and it seems like the amount to buy it after teh 12 months-is pretty much the extra amount that would be due if you'd just bought it upfront and not leased. This seems too good to be true. Is the dealer losing out here, if so, why? Seems like a great deal not to pass up, esp. to have a trial 1-yr with the mini, if I"m not entirely sure if I need it or whatever (and in which case the $4000 spent for the year would be like renting but not too much wasated, really) Here are the numbers--does this make sense? Also, what's a money factor and residual percentage? I have no clue what folks are talkinga bout here.. _______ Is This The Best Lease Ever? Call us let us know your opinion! The One Year Lease Special is back! The all new 2007 MINI Cooper is available to well qualified lesees with; NO Bank Fee ! No Security Deposit! Starting at as little as $99 per month with only $1,799 down $1898 due at inception, plus taxes, registration and title fees for a 2007 MINI Cooper, MSRP $18,700. Order yours today! 10,000 mile per year lease. lesee responsible for excess wear and tear, taxes, insurance, registration and title fees. available to well qualified lesee's through MINI Financial Services. Some restrictions may apply,call for details. Must be approved by 4/30/2007 and delivered by 5/31/07 ___________ I called and spoke to the sales guy and he said-- A mini I would want would be roughly--TO BUY--$21,000 ish (18,700 plus automatic 1300 plus a few options) TO LEASE The 1-year lease is $2300 down payment (includes the down payment plus taxes, title, regis and first month) then 11 months at $130ish--so $1400 for year So the total year's leasing would cost around $3700 or 300/month. Not bad to rent a brand new car (and not having to do it for 3 years like those usual leases) THEN TO BUY LATER then if I wanted to buy it after a year it would be the 'residual value' (whatever that is): $17, 800-- HUH? ...and this is where it doesn't make sense to me-- so if I leased for a year, then bought it, it would be around the same price 17,800+3700= 21,000ish as if I had just bought it straight out WITHOUT leasing it for a year...? Does that make sense for the dealer?....it doesn't seem like they make EXTRA money from leasing it that way? But the sales guy said that was the case. Anyway, so it sounds like a win-win no-comittment deal. And I could give it back after a year if I move out of NYC and want a bigger car or I could just buy it and not have lost anything...(other than the free freind's car, but then it probably would've started to break down by then anyway!) anyway this seems to be such a good deal I'm wondering if I'm being dumb about something...? _______ anyway, what do experienced car buyers/owners/leasers think? any feedback much appreciated! |
|
|
|
|
Hi Car_Man, I'm interested in the MF/residuals for a 2006 Mini Cooper for 15K/3yrs. My sister was looking at the 07's, but they seem to be going for full MSRP, so I advised her to consider 06's. Can you give me a ballpark to be shooting for on 06's, for example, $1K over invoice? Anyone know if car leases can be completed over phone/fax/email? My sister will be purchasing from a dealer in Los Angeles, but I'd like to complete the lease transaction with her from NJ before she goes out to LA. Thanks.
|
|
|
|
|
Replying to: Mr_Shiftright (Mar 04, 2007 4:14 pm) Those money factors sound about right. I don't have the contact I used to have at the local MINI dealership but .0032 is pretty standard now for low production/high demand cars. The 70% residual is outstanding you won't find any other cars with that kind of residual. Just buy the car out right like I did and then sell it privately after two years if you want to getting all but a few thousand of your dollars back.
|
|
|
Replying to: british_rover (Apr 14, 2007 10:01 am) I'm about to do a one year lease...do I need to know these things? I've never owned, bought or leased a car before, this is my first. any help appreciated
|
|
|
|
|
Replying to: Mr_Shiftright (Mar 04, 2007 4:14 pm) Strange but true. On cars like the 3 series - which BMW props up with lease deals - leasing is a bargain. On a car that loses less than 15% per year and you can get 5% loans, there's a good case for buy over lease. You will pay more or about the same for the lease in the scheme of things. |
|
You are here:
Forums
Prices Paid: Buying & Leasing Experiences MINI Cooper Lease Questions
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
2009 MINI Cooper
Browse by Board
Browse by Topic
