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MINI Cooper Lease Questions

747 messages,  Last post on Jun 18, 2013 at 3:55 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 10 of 76

#84 of 747 Leasing a mini cooper S by chittus

May 02, 2007 (11:26 pm)

Hello All
 
I am new to this forum and trying to get some help in leasing a 2007 mini cooper S hatchback in the bay area. Can you guys help me with what the money factor is for 3 year lease and residual for 12K/15K Miles for 24 months and 36 months. I am just trying to get some ball park numbers before I see the dealer on saturday. My credit score is over 700. Any help is appreciated. One more help who is the best dealer out in northern california?

#85 of 747 Re: Car_Man: MF/residuals on 2006 Mini Cooper? [slipstreamv2] by Car_man HOST

May 17, 2007 (3:31 am)

Replying to: slipstreamv2 (Apr 11, 2007 11:31 am)
Hi slipstreamv2. I don't believe that BMW is offering leases on 2006 Mini models any longer. There may be an independent bank out there that you can lease one through, but given the fact that the 2007 model's residual values will probably be much higher you may find that there isn't much of a difference between the payment for an '07 and an '06 model. Make sure to stop by the following discussion for feedback from other community members on how much your sister should pay for the Mini that she wants: "MINI Cooper: Prices Paid & Buying Experience".
 
Car_man
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Prices Paid Forum

#86 of 747 Re: So far lowest MR [tica] by Car_man HOST

May 17, 2007 (3:32 am)

Replying to: tica (Apr 14, 2007 10:45 am)
Greetings tica. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment. Check them out and let me know if you have any specific questions.
 
Car_man
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Prices Paid Forum

#87 of 747 Re: 'destination charge'? [tica] by Car_man HOST

May 17, 2007 (3:35 am)

Replying to: tica (Oct 17, 2007 6:50 am)
Hey tica. All new vehicles have a destination charge. The $650 destination charge that you were quoted on the Mini that you are interested in is right in line with what BMW charges on it. This charge is essentially part of the car's price and it cannot be waived.
 
Car_man
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Prices Paid Forum

#88 of 747 Re: Leasing a mini cooper S [chittus] by Car_man HOST

May 17, 2007 (3:38 am)

Replying to: chittus (May 02, 2007 11:26 pm)
Welcome chittus. Mini has never provided lease support on its cars. As a result, consumers who want to lease one through its captive finance company have to use its standard lease money factor. This standard factor varies by region, but it should currently be around .00265 to .00300. The 24 month, 15,000 mile per year residual value for a 2007 Mini Cooper S Hatchback is 72%. The residual for an otherwise identical 36 month lease is 67%. The residuals for leases with 12,000 miles per year would be 2% higher.
 
Car_man
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Prices Paid Forum

#89 of 747 Leasing a Mini in NJ by sml6

May 17, 2007 (6:19 am)

Hello,
Is the residual value different from 2007 Cooper to Cooper S? I'm new to the forum and new to the world of leasing, and am trying to plug in these numbers to get a better idea. I'm from NJ and one of the dealerships here quoted $410 for Cooper 24 months, 15,000 mi/yr with zero $down! And $489 for Cooper S.

#90 of 747 How close is the estimator? by meredith07

Jul 21, 2007 (12:15 pm)

How close in Mini's payment estimator? I get $350 on the Mini Site and $300 on your lease estimator.
 
My credit is in the mid 600's...will that effect the payment?

#91 of 747 MF for Lease by gpower

Jul 31, 2007 (10:42 am)

I am being quoted a MF of 0.00335 by MINI dealer in my neighbourhood whereas the LeaseCompare website gives 0.00225.
 
Can someone recommend a dealer who gives better lease factor in SOCAL area? I believe that with a credit score of above 700 should give more.

#92 of 747 Re: MF for Lease [gpower] by blueguydotcom

Jul 31, 2007 (12:04 pm)

Replying to: gpower (Jul 31, 2007 10:42 am)
Why not do lease compare instead of BMWFS?

#93 of 747 Where can I try to bargain on this Lease? by esgam

Jul 31, 2007 (6:45 pm)

Hi Folks,
 
It's been a long time coming and I'm almost at a place where I can afford my MINI, but I'm not quite there. I've been working with a dealer on a lease and here's what their current offer is on a new build:
 
36m/10k $2000 down
 
The $2000 down = $1219 CCR, $100.58tax, $277.75 DMV Fee, $402.56 1st Payment
 
MSRP: $27,295
Costs Added to Lease: $870 ($45 doc fee, Bank Acquisition Fee $825)
Cap Cost Reduction: $1219
Adjusted Cap Cost: $26,076
Residual: 69% ($19113)
Money Factor: .00335
Term: 36 months
Sales Tax: 8.25
 
Monthly Payment: $402.56
 
Here are my questions:
 
1) Is this a good deal?
 
2) Can I negotiate on the Doc Fee and Bank Acquisition fee? Is the BAF high? These make my monthly payments about $30 higher.
 
3) The MF seems to be accurate for SoCal. If I put a $450 "Security Deposit" down they'll drop it to .00320. I guess they figure the interest off of the $450 will more than cover the loss. Is the Residual Value at 69% negotiable? I've seen 70% being mentioned.
 
4) Can someone show me the math as to why purchasing the car and selling it in 3 years would be better than leasing?
 
Thanks very much!!!

Messages Page 10 of 76

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