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MINI Cooper Prices Paid and Buying Experience

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Comments

  • ticatica Posts: 64
    oh in case this is helpful--here are some more numbers from thel ease:

    Gross cap cost: 23,400 (actually MSRP was 24,200 on the sticker acc to options)
    Cap cost Reduc (down payment) 1800
    Adjusted Capitalized Cost: 21701
    Residual value: 21,296
    Depreication and any amoritzed amoutns: 405
    Rent charg: 1625.28
    total of base monthly 2030
    lease payments 12
    base ontly/ 169.19
    montly sales/use tax n/a
    totaly montly paymetn 169
    (I've rounded out a few numbers)
  • ticatica Posts: 64
    the 179 above was a typo, it's 169 month
  • jaxs1jaxs1 Posts: 2,697
    I wonder why it was on the lot for 70 days? Everyone says all Minis fly off the lot and they can't keep up with demand.
  • kyfdxkyfdx Posts: 27,671
    I don't think that is the case, any more.. My local dealer always had 15-20 MINIs that are not spoken for.. That wasn't the case a few years back.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • jaxs1jaxs1 Posts: 2,697
    Yet they still usually sell for MSRP or even higher after dealer-mandated accessories are pre-installed?
  • kyfdxkyfdx Posts: 27,671
    I think at most dealerships, you can get $500 off one on the lot...

    It looks like she got $800 off, which given the high residual made for a decent one-year lease.

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • scorpio9scorpio9 Posts: 5
    Hey Josh,
    I live in Miami, Fl. I had to special order my car which the last week of Feburary, 2007 - ALL I had to give them was $1000.00 which they never cashed. My final total on the car came to $33,400.00-$34,000.00 (07 Mini S Convert; Pepper White, includes Premium & Sport packages with 17" 5 spoke rims additioanl $500.00 /wheels & black bonnet strips), I has to get it stick (manual) what a difference in speed), Leatherette ( I already have a cr with leather and with times it gets destroyed) cockpit $300.00, interior $200.00(same color as the outside if the car)and I purchased for $450.00 a 4 year plan or 40,000.00 miles whichever comes first (don't remember exactly which one but out of the four to choices I purchased the most expensive.) I didnt relealize that the tires I purchased are not repairable hence, no patches or plugs. they are no run flat tires, if I get a flat or a nail in the tire I have 80 miles to reach a tire dealer had the dealer a piece of paper (I was given at Mini) to them and must replace my tire for FREE EXACT same ones. I will have you know that these tires run about $360.00 a pop. So its just something for you to think about. Good Luck I LOVE MY MINI S CONVERT and I have NO REGRETS especially with the extras'
  • plektoplekto Posts: 3,733
    The reason they have so many on the lots rist now is people want the new model. Given that it's a very "faddish" car for many people, having the latest version is big - and will be reflected in resale values as well I bet.
  • ucsb805ucsb805 Posts: 8
    Hey everyone! Although this is my first post, I've been reading these forums for awhile now and they seem like a great resource for car buying.

    Anyway, I am strongly considering buying a 2007 MCS in Astro Black, Laser Blue, or one of the silvers with premium and sport packages, hi-fi sound system, sport suspension, and a few minor accessories. MSRP on the car that is around $26-$27k, and I'm wondering if anyone in the Southern California area (or near the Bay Area/Sacramento) has had any luck getting a dealership to go below exact MSRP for a finance purchase. I've been quoted MSRP by Long Beach Mini and a dealership in LA...

    Also, does anyone have any experience with the college program? Is it a discount service or just financing assistance for recent grads?

    Thanks in advance for any information you can provide..... :shades:
  • ticatica Posts: 64
    I was peaking at the paper on his desk that showed the days on the lot when he'd go make a photocopy...there were a few, like mine, that seemed to be there 60 or 70 days, but there were also lots that had been there 5 or 10, too. And they weren't all on the the actual lot, but in a warehouse nearby (so the list was longer than what was visible). And they had mostly 2007s, not many 2006, and none in automatic which is what I wanted. I would have bought 2006 if I could have in auto, just for the cheaper price.

    also, not sure if anyone noticed this, but the back pocket on the 2007 sports seats is SO crappy. it's half a piece of mesh netting that's very flimsily put on, it really can't hold anything but a pair of sunglasses or something very small and light. Conversely, the 2006 REGULAR non-sport seats have an excellent mesh pocket in the back, twice the size and not just tacked on but has proper sides attached to the mesh. SOOO weird that they would WORSEN this feature on the seats you now have to pay for, when it was standard and free before...

    I got my first scratch. don't know how. darn.

    also my armrest top has come off and I can't get it back on.

    otherthan that I"m thrilled with the car. Have gotten several compiments from NYC cabdrivers on the road.

    my check engine light came on a few days ago which freaked me out, but I think it was because the gas cap was not screwed on pproperly...had my Minnie the Mini for 9 days now.
  • kali4niakali4nia Posts: 4
    I actually ordered my car w/ Long Beach MINI, and trust me it's impossible to get below MSRP. I got the 07 MINI Cooper S Pure Silver w/ bonnet strips and fog lights (front & rear). Like yourself I called around but then decided to go w/ Long Beach MINI. But I got them to throw in the 4-piece carpet that worth $100. ha..ha.. Can't wait to get mine at the end of this month. :)
  • mcsredmcsred Posts: 2
    someone mentioned that The best thing you can do for your engine is to change your oil and filter after the first 20 miles. I called my dealer today, and was told that it has been done once the car arrives in the U.S.A. is it true?
  • mini_dreamsmini_dreams Posts: 10
    i read once that someone said they run the engine at the factory and then change out the oil, but i don't know if that's true. probably not. or maybe they do that at the Vehicle Distribution Center.

    there's a lot of back and forth on this topic. some think that you should change the oil after the first 1,000 miles to get any engine shavings out that happen during the engine break-in. my dealer swears by the 10,000 mile oil change.

    I just figured I might as well get mine changed early... can't hurt anything and can only help. So I got mine done at 3,000 miles and paid for them to do it ($45 in labor plus $36 in oil that I bought at Costco. I then went on a trip to the West Coast and had it done when I got back since I put another 4,000 miles on it. The next change is in another 3,000 miles and will be part of the 10,000 checkup.

    If you're worried about it, I would do the 3,000-4,000 mile change, although everyone says the synthetic oils will hold up for 10,000.
  • jaxs1jaxs1 Posts: 2,697
    Early oil changes can actually hurt sometimes.
    Some vehicles have special break in oil that absolutely should not be changed ahead of schedule by over anxious owners. Changing the oil early would cause you to lose the benefits of using the special oil for the specified period.
    Other manufacturers run the engines at the factory and replace the first oil before it's installed in the car or manufacture the engines with newer techniques that don't result in contamination problems from 20 or 40 years ago.
    Not sure if that applies to Minis or not, but you can ask your dealer and/or the BMW/Mini corporate offices rather than taking it upon yourself to change the oil at 20 miles or 500 miles because of 1960's era metal shavings fears.
  • mcsredmcsred Posts: 2
    I try to buy my mini by cash and the dealer tries to charge me stick price plus tax and doc fee? is it common to pay doc fee if i pay by cash? thanks.
  • ucsb805ucsb805 Posts: 8
    Help!!! I'm very tempted to buy a Mini Cooper S within the next few days, and I can't decide whether or not I'd rather wait and test out the new 08' Nissan Altima Coupe that's debuting on 5/25. The MCS I want will be about $27,000 OTD, which is about what the Altima Coupe would cost in a few weeks, but I just can't decide between the two. I was wanting on Wednesday to drive to Universal City to test drive my Mini....my only concerns over the altima would be value, reliability..

    any advice would be appreciated.
  • qbrozenqbrozen Posts: 17,150
    well, the altima will be much bigger and heavier, for one thing. 2 completely different cars, IMHO. I'd wait and test drive the altima. You don't want to always be wondering if you made a mistake.

    Nissan reliability is typically good. Value? Well, it depends on what you want out of a vehicle. I think the Altima may seem like a better value because you are getting "more" car (literally). BUT, the Mini blows it away in the resale department.

    '13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '14 Town&Country

  • cct1cct1 Posts: 221
    Although these are both great cars, they are completely different--I'm not sure why you'd be cross shopping an Altima with a Mini. You're going to have to sit down and make a list of what your priorities for you next car are--heck, share it with us here, and we can help you--but an Altima coupe is an altogether different beast than a Mini S.
  • blueguydotcomblueguydotcom Posts: 6,257
    Altima will probably be more reliable and if you wait a few months you'll get one for near sticker. Drive will be fun probably but not amazing.

    Cooper will hold its value, has some free service and it's a blast to drive.

    For me it's an easy choice - fun.
  • ucsb805ucsb805 Posts: 8
    That's a great point! I'm graduating soon and starting a fulltime job, so I'm in the market for pretty much a fun commuter that gets good MPG and has great reliability. I'm single, and won't be having kids anytime soon. The Mini appealed for all the obvious reasons, and my friend's parents have one and love it to death. I also like that the price is pretty much fixed at MSRP right now, because I really fear haggling with car salespeople. The Altima Coupe also caught my eye since it's a new model, (presumably) a sporty drive, good looking, around the same price range for the model I'd want, with Nissan reliability. I guess the Alt Coupe and the MCS don't have too much in common, but they're pretty much what I've narrowed my search down to...and I've been looking for awhile now. I realllly want to just pull the trigger on something within the next few days.

    Did I just answer my own question, or should I wait it out and test drive the coupe? Thanks for all the help.
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