Did u LEASE or BUY your Mini - MINI Cooper Forum

Spectra · #1 (**permalink**) May 9th, 2002, 04:05 PM

Did you buy (or plan to buy) or lease your Mini? I'm curious to find out. I myself would likely lease my Mini but I'm not 100% sure yet. The teething pains of a first year model is what's driving me towards a lease. Please respond to this poll. Thanks.

AidenL · #2 (**permalink**) May 9th, 2002, 04:12 PM

Bought......

KenL · #3 (**permalink**) May 9th, 2002, 04:21 PM

Not got it yet but buying.

Leasing is not such a big thing over here as it is in the States. It's mostly people whose cars are paid for by their company that lease.

The personal Mini leasing seems pretty good over here though.

I'm buying because I want to own one and not be restricted to a certain mileage.

noahe · #4 (**permalink**) May 9th, 2002, 04:31 PM

Buying. But intend on keeping our "S" forever, or until it dies. I don't tend to flip our cars every few years.

I was under the impression that it is almost always cheaper overall to buy a car, than lease it - if you intend to keep it.

HarryHBMCC · #5 (**permalink**) May 9th, 2002, 04:55 PM

I'm worried about repair costs of the MINI when out of warranty so I'm just leasing it for the period of its warranty. It is cheaper to buy if you intend to keep it forever but if you don't want to do that, leasing can be easier to return the car (than selling or trading in) if you keep it in good shape and know how many kms you'll be using.

Harry

groovy_jr · #6 (**permalink**) May 9th, 2002, 05:23 PM

Bought!

Marts · #7 (**permalink**) May 9th, 2002, 06:08 PM

Buying

Cooper i Do · #8 (**permalink**) May 9th, 2002, 06:33 PM

Well in think i am the one lucky baste.d that got 60% from his boss and payd 40% myself.....LIFE CAN BE GREAT!!!!

Catch Ya Later,
Cooper I Do

simonb · #9 (**permalink**) May 9th, 2002, 07:21 PM

I am leasing mine for 2 years so that I can get an 'S' when the lease expires, (I have a Cooper now).

Cheers,
Simon

Keith · #10 (**permalink**) May 9th, 2002, 08:16 PM

Buying!

What is being quoted for residual percentage on the leases? I think the MINI will have a good trade-in after two years - a lease may be a bad deal if they plan on typical depreciation.

Martin L · #11 (**permalink**) May 10th, 2002, 03:32 AM

Bought, it was not a lot to fork out after selling my Golf

daver · #12 (**permalink**) May 10th, 2002, 08:21 AM

The happiest MINI-owner: FULL COMPANY-LEASE.

my thanks goes to my boss, especially since our company cars normally all have to be diesels,...

No probs with repair, maintenance, gas,... just drive....

moonshine · #13 (**permalink**) May 10th, 2002, 08:41 AM

bought......

Spectra · #14 (**permalink**) May 10th, 2002, 08:46 AM

The residual value on a base Cooper with metallic paint is 64% on a 3 year lease.

Residual = $ 11,040.00 (from $ 17,250.00 X .64)

I'll probably lease my Mini. It was just built the other day (May 8). From the threads I've read, it appears that the xenon lights may have been deleted. I'll find out from the dealer and if so, I'll ask for a credit/rebate.

monsta · #15 (**permalink**) May 10th, 2002, 09:55 AM

Kind of both - Loan