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MINI Cooper Lease Questions

170 messages,  Last post on Nov 19, 2008 at 4:32 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

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


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#94 of 170
Re: Where can I try to bargain on this Lease? [esgam] by qbrozen
Aug 01, 2007 (4:48 am)
Reply

Replying to: esgam (Jul 31, 2007 5:45 pm)

You sure that MF is accurate? Have you checked with your own bank or even leasecompare.com? That acquisition fee is very high. Its typically less than $600 on many other cars in this pricerange.
 
As far as the math goes, just figure the interest on this lease PLUS fees and then figure the interest on a 5-year or 6-year loan over just 3 years since you will then sell it. The cheaper number is the way to go. I don't know what interest rates you can get since it is dependent on your credit, so I can't help you with the math.
#95 of 170
Re: Where can I try to bargain on this Lease? [qbrozen] by blueguydotcom
Aug 01, 2007 (5:47 am)
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Replying to: qbrozen (Aug 01, 2007 4:48 am)

BMW/MINI FS charges an extremely high acquisition cost and dealers always bump it more. The base is $695.
#96 of 170
Sales tax? by paul_devil
Aug 01, 2007 (10:44 am)
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Hi I would like to know how much the sales tax is in VA, MD?
#97 of 170
Current Money Factor for Mini by pjo1966
Sep 06, 2007 (6:40 pm)
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I was just wondering what the current money factor would be for either a Mini S or a Mini S Convertible. I am coming out of a lease with a 325i. From what I've read here, I should be eligible for a reduced money factor. Is that correct?
#98 of 170
Re: Current Money Factor for Mini [pjo1966] by pjo1966
Sep 18, 2007 (3:45 pm)
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Replying to: pjo1966 (Sep 06, 2007 6:40 pm)

Some more info... I'm looking at a 36 month lease at 12,000 miles per year.
 
I just came from a dealer where they refused to tell me what money factor they were using. They just came out with a monthly payment which was more than a little higher than I was expecting. Any info that could help me negotiate at the next dealer would be most welcome.
#99 of 170
Re: Current Money Factor for Mini [pjo1966] by esgam
Sep 18, 2007 (5:04 pm)
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Replying to: pjo1966 (Sep 18, 2007 3:45 pm)

As far as I have been able to figure out the current buy factor is still 280 which is a money factor of .00280. You need top tier credit to get this. I'm doing 12k 36 month lease with only drive off fees and my monthly is going to be like $376 with the total having been about $26,500.
 
What kind of numbers were they giving you? Oh, I'm in California as well. I think the state you are in also comes into play with the MF.
 
With the 1/2 pt. decrease in interest rates today, I am going to fight for a lower MF. Logically speaking it should go down.
 
Here's what I did to try and find the current Buy Rate. I called dealers and asked to speak to the financing guys. Spin your own story and if you're lucky you'll get the rate out of them. Call when they are busy.
 
Post what you find out!
#100 of 170
Re: Current Money Factor for Mini [esgam] by british_rover
Sep 18, 2007 (5:12 pm)
Reply

Replying to: esgam (Sep 18, 2007 5:04 pm)

With the 1/2 pt. decrease in interest rates today, I am going to fight for a lower MF. Logically speaking it should go down.
 
Those rates won't change till BMW changes their leasing programs which won't happen till next month at the earliest.
#101 of 170
Re: Current Money Factor for Mini [esgam] by pjo1966
Sep 18, 2007 (5:42 pm)
Reply

Replying to: esgam (Sep 18, 2007 5:04 pm)

On a Mini S with:
 
A67 British Racing Green Metallic
ZPP Premium
205 Automatic
A47 Color Line Dark Grey (whatever that is)
4BD Interior Surface Piano Black
 
MSRP $25450
Price $25750
$448.83 up front
$448.83/mo including taxes
 
I was not happy with the fact that they couldn't give me an itemized breakdown of the numbers. Given the numbers you posted, the monthly should be closer to $399, which is what I was looking to pay.
 
I still have two months left on my current lease, so I can wait. I contacted Mini Financial directly to see if I can order a Mini to my specifications, without going through a dealer. We'll see what they have to say.
#102 of 170
Re: Current Money Factor for Mini [esgam] by pjo1966
Sep 18, 2007 (5:43 pm)
Reply

Replying to: esgam (Sep 18, 2007 5:04 pm)

which dealer are you working with in CA? If you're happy with your salesperson could you drop their info in my mailbox here?
#103 of 170
Re: Current Money Factor for Mini [pjo1966] by pjo1966
Sep 24, 2007 (10:25 am)
Reply

Replying to: pjo1966 (Sep 18, 2007 5:42 pm)

No dice ordering from Mini financial directly. They told me to go through my local dealer.
 
Right now the Z4 lease deals are looking more attractive than the Mini.

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