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MINI Cooper Prices Paid and Buying Experience

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Comments

  • plektoplekto Posts: 3,738
    Hhe. THat;s usually how it happens. But I'd wait a couple of months until the BMW 1 series comes out. It's very much like the older 3 series from ten to fifteen years ago.

    Light, small, and goes like stink. A much better car than a Mini - though yes, it's going to start about at what a loaded up Mini S goes for.
  • blueguydotcomblueguydotcom Posts: 6,257
    The 1 series is not light , there's no proof it's better than a Mini and a 128 will easily be 600 pounds heavier than a Mini. If you want to save cash, a 1 series via ED would probably make it quite cheap (far cheaper than a Mini).

    I got rid of my 2006 e90 and replaced it with n 07 Mini Cooper S. The 330i on paper is "better" than a mini too. Yet it's near zero fun to drive even with a manual and sport package. For 11k less than my 330i's 36k brand-new sales price I got a car that's a gas to drive daily.
  • plektoplekto Posts: 3,738
    Well, I agree. The problem with the current 3 series are that they are the size and weight of the mid 90s 5 series and then some. I can't stand them.

    The 1? It's light by comparison

    For someone who was looking at a current generation 3 series and wants something smaller like a Mini, it seems to be a good compromise. Plus, the "M" version of the 1(though they can't call it a M1) is horrendously fast.
  • blueguydotcomblueguydotcom Posts: 6,257
    Doubtful they'll make an M version of the 1 series as BMW's doing the whole PR-junk by claiming the 135 has M components - you know parts stamped with the BMW M logo.

    I don't think they were looking for fast as they were in a 328i - a car that's not even close to fast.
  • plektoplekto Posts: 3,738
    The 135i will have M series components and a *300* HP turbo I-6 engine. With a 5-600 lb lighter vehicle, this is going to be a rocket compared to a 3 series.
  • blueguydotcomblueguydotcom Posts: 6,257
    The 135i will be at most 200 lbs lighter than the 335i. I was commenting that at 2600 lbs the Cooper is significantly lighter than the 3 and 1 (1000 lbs for one and really about 800 lbs for the other). That's a gap of major proportions.
  • gobebegobebe Posts: 2
    Hi,
    I've been shopping around for the best price on my mini and got the best quote from ASSAEL Mini. I'm trying to find out what anyone's experience has been with this dealership?
  • futures10futures10 Posts: 2
    My experience with Assael was generally pleasant. MA Nick seemed to know what he is doing. I was offered MSRP and yet to decide to go with 07 or 08 model. What kind of deal do you get?
  • gobebegobebe Posts: 2
    Their out the door quote for the following specs in addition to free black floor mats:
    2007 MINI COOPER S:
    $21,200.00 Base
    650.00 Destination
    450.00 Astro Black Metallic
    300.00 Cold Weather Pkg.
    1,400.00 Premium Pkg.
    500.00 Dynamic Stabilty Control
    1,350.00 6-Speed Automatic
    200.00 Anthracite Headliner
    1,500.00 Leather Punch Carbon Black
    2,100.00 Computer Navigation System
    300.00 Interior Surface English Oak
    586.00 iPod Adapter installed
    ------------------
    $30,536.00 Selling Price plus T & L
    Out of the door price will read $ 33,413.51
  • qbrozenqbrozen Posts: 17,599
    Wow! I had no idea it was possible to build a $30k mini! At least, not without the JCW package, anyway.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • jaxs1jaxs1 Posts: 2,697
    That car still isn't fully loaded factory options either, then there are more dealer accessories and the convertible model for more money.
    It's probably possible to get close to $40K for a Cooper S convertible with everything including tax and license.
  • gpowergpower Posts: 3
    Hi Guys,

    I went to LongBeach MINI for a new MINI 2007, premium package and automatic transmission.
    The total OTD was 23,900 and the MSRP was 21,200
    Here is what the dealer offered for lease
    Residual 70%
    Money Factor .00335 (Initially he offered .0415 which i refused)
    Down payment: $5000
    Monthly payment: $220

    I know it is not a very good deal. When I did not show interest at this, he became quite upset, he closed the book and said, that is not how you negotiate. Probably because initially he asked me what price would I be willing to buy and I said $220 monthly payment. :mad:

    Guys, what is a good deal?
    Money factor and residual, for a Credit score of above 700.
    I was thinking that I should get a money factor of .0029 or something like that :confuse:
  • blueguydotcomblueguydotcom Posts: 6,257
    $0 down on a lease. Or as close to it as possible.
  • british_roverbritish_rover Posts: 8,476
    It all depends on what the buy rate money factor is for the lease on a MINI Cooper. If the buy rate is .00335 then that is the best you can do no matter what your credit is.

    I have vehicles that I sell where the buy rate is in the .00335 range or so. It wouldn't surprise me if the MINI had a money factor like that as it is a very hot car.
  • jaxs1jaxs1 Posts: 2,697
    You can check lease rates going through several independant leasing companies and if you can get much lower rates outside, they are probably lying about the buy rate.
  • british_roverbritish_rover Posts: 8,476
    Or it could just be a different buy rate.
  • jaxs1jaxs1 Posts: 2,697
    You can check lease rates going through an independent leasing company and if you can get a much lower rate outside, they are probably lying about the buy rate.
  • futures10futures10 Posts: 2
    That sounds normal, I would just asking for a 5% discount from the quote. It doesn't hurt to ask for being on the last day of the month...
  • gpowergpower Posts: 3
    I am getting better rates with LeaseCompare.com

    However, before I could negotiate further, the dealer became very agitated because I asked for $220/month and he gave me the same with the MF of 0.00335, but through the forums, I knew it could be lower still. I could not proceed further.

    Are there any dealers in SOCAL with a good MF/deal on a MINI Cooper 2007 lease?

    Recommendations are welcome
  • blueguydotcomblueguydotcom Posts: 6,257
    My experience with socal dealers: they know the car is hot and therefore try to get the full markup on leases.

    From your original:

    I went to LongBeach MINI for a new MINI 2007, premium package and automatic transmission.
    The total OTD was 23,900 and the MSRP was 21,200
    Here is what the dealer offered for lease
    Residual 70%
    Money Factor .00335 (Initially he offered .0415 which i refused)
    Down payment: $5000
    Monthly payment: $220


    First, OTD on a lease is $2,700 higher than the MSRP? Why?! On a lease you only pay acquisition costs at the inception. What the blazes makes up the other $1900?

    Find out the BMWFS lease rates and do the math on the markup and the acquisition cost. In almost every instance you're paying thousands more over the lease term.
  • blueguydotcomblueguydotcom Posts: 6,257
    I just ran this on leasecompare -

    15k miles/36 months at $21100 = $310 a month, with nothing down (maybe acquisition costs). That's 11160 total.

    The 5000, $220 a month lease from BMWFS comes up to $12920 over the lease term.

    This is an easy call.
  • plektoplekto Posts: 3,738
    I went to LongBeach MINI for a new MINI 2007, premium package and automatic transmission.
    ****

    My soul dies a little when I hear Mini and "automatic" in the same sentence...
  • blueguydotcomblueguydotcom Posts: 6,257
    lol

    It seems a little wrong, like seeing your grandma steal candy from a little kid.
  • .......and my soul dies a little when I see "turbo charger" and MINI in the same sentence along with "non-functional hood scoop". This car is fun and I won't part with it but it pushed the envelope at $23k out-the-door in 2003 so therefore there is NO WAY they will build one worth $30-40k. Get real people! The manufacturer laughs all the way to the bank just like GM and Ford every time they sell a pickup or SUV! Maximum profit margin!
  • blueguydotcomblueguydotcom Posts: 6,257
    I don't get what's wrong with a turbo. Shrug. It's worth what people will pay for it. My father has a classic car that's been appraised at over 60k. I wouldn't give him $5000 for it but to some people it's worth considerably more.
  • frog169frog169 Posts: 11
    i have a question, I was looking at cars like chargers/stis/evos etc. then the mini poped up and cought my attention for price and what id get for it. i did the whole build ur own came out to be around 31,000. so my main question is im not very good with financial #'s and what not but if i put down about 10,000. and my credit score is a 607 but ill have a cosigner of 780. how much you think my paymnts/rates would be? is it worth putting that much down? some say dont put down more then like 5k some say otherwise.
  • wayzzzwayzzz Posts: 1
    Hi there,
    I ordered a 2007 Mini Cooper S from East Bay Mini in CA Bay Area and the car is going to arrive next week.

    I am going to lease it and here is what I received for 36 months/36k miles lease on a purchase price of $24,750:
    LeaseCompare.com -
    Monthly lease payment $328
    Amount due at signing $2,328
    Residual value $15,593
    Money factor 0.00266

    The dealer quoted me -
    Monthly lease payment $359
    Amount due at signing $1,953
    Residual value $17,077
    Money factor 0.00350

    I thought LeaseCompare gave me a better deal. But the sales manager told me she never dealt with independent leasing company and probably not going through with it. :mad:

    What do you think about these rates? Do any of you actually get the Mini with LeaseCompare? :confuse:

    Thanks for the reply :)
  • blueguydotcomblueguydotcom Posts: 6,257
    Leasecompare works fine. Seems like your 2200 is buying down the lease payment some.
  • I know this is a little older but I had to say something about MINI of Universal City, first even if they offered to give me a MINI for $5 I would run away!!!

    When I went to buy my MINI I made a deal with them on the phone with them knowing I live two hours away, when I got there they bold faced lied to me and the things they told me were ridiculous. Including that "Kelly Blue Book undervalued the car and they were philisophically opposed to selling me the car at the agreed price" and told me that they had two sales people by the same name (the one from on the phone never told me that and knew I was coming that night) and he was "being overly optimistic on the price".

    I was very angry that they treated me the way I did when I was ready to walk away with the car. But they did the best thing in the world for me because I ended up happier with the Red MINI I bought at Nick Alexander in LA. (which I also made a deal with on the phone they held the car for me and took me straight back to sign the papers no dealing, no pushing just helpful service and a car to drive home in at the price we agreed on.

    I also wanted to add I am not the only one who has had issues of this sort with Universal. But I heard their service department is decent and way better then Monrovia (who I will never let touch my car AGAIN!).

    Again this is just my opinion and experience with them.

    And yes I got some very fun freebies when I got my little *Meep, Meep*
  • pjo1966pjo1966 Posts: 120
    I can't say that I'm surprised by what Mini of Universal did, although I am surprised that Nick Alexander treated you well. I've been there twice and both times were awful experiences. As for Universal, I couldn't believe the markup above MSRP on their cars. They say they'll negotiate, but you're already fighting a losing battle. I met with a salesman at South Bay BMW while with a friend who was shopping. That's where I'll be going to get my Mini, despite the fact that I live just a few short miles from Universal.
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