Mini Cooper Deals
Is the New Mini Cooper lease deal a good deal?
There is a new lease deal for the mini cooper. It is $2700 down and $199 a month. 10,000 miles for 36 months. Full 3 year warranty. That does not include sales tax. So with sales tax it would be $260 a month or I can increase my down payment and keep my monthly payments at $199. What do you think? For a car made by BMW do you think this is a good deal? One last thing, can you negotiate the down payment for a lease, while still keeping the payments at $199 (in this case)? Thanks for your help!
Its not a bad deal, but its not a great deal by any means i dont think… heres the math behind it.
leasing the mini you pay 2700 up front, and then 260 a month for 36 months. this = 12060
if you buy it, you pay zero down, and at msrp of 19500, you pay 341.90 a month (8% interest) for 72 months. After 36 months, you will pay 12308.
lease, 12060
Buy, 12308 (after 36 months, you will still owe, 10641.43)
Of course this is dependent on your credit, and whether you actually want to buy a 2011 mini, versus leasing one. I would consider purchasing it, over leasing becase in 36 months, its only 300 dollars difference, and you have no mileage restriction or penalties.
just my .02
Deal’s Gap Mini Cooper
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