Test drove an 08 cooper S today with only 8k miles on it. Heated seats, mirrors, tilt mirrors, panoramic sunroof, xenon. I think that's the major stuff.. Mint condition...they want 22,900 for it... I would be trading in my Subaru impreza for it and my payments might come up to be a little more. (60 more a month) Its currently at at saturn dealer so its a no "dicker sticker" What do you guys think?

 

price too high.

 

Without knowing all the details, you might be better off buying a new '09 that is on the lot, haggle the price off the MSRP, trade the Scubie and finance at 1.9% financing.

I agree with the Stig, that price is way too high-not a good deal at all.

ex. new 6 speed manual with premium, cold weather package and xenon is 24,850 MSRP 22,430 Invoice per Edmunds. If you can find a dealer with a car on the lot that is willing to take off 850-1000 off MSRP and you have good credit, you will be in a lot better shape.

Also with the 2008 you are looking at and financing, you are probably looking at atleast 4.5-5% financing on a used car. It's a no brainer, go to a MINI dealer and get a 2009.

 

I agree..buy a 09 with the 1.9 and you will be happier in the long run, and i bet your payments will be the same.

I just bought an 09 s that seems to be the same as the 08 you are looking at.and it was under 24k.

 

Saturn dealers SUCK. Like the other posters, go to a MINI dealership, see what they have, tell them you are paying cash w/o a trade in and get a super price. Then talk about the trade in only after securing a number. Then make the deal.

 

Options can make a huge difference in original sticker price. I just bought an '08 S that stickered for just over $30k (the original owner kept the window sticker). He also showed me the sales contract showing he paid $30k, although he got the dealer to throw in some optional equipment. A brand new fully loaded JCW can push $40k.

Check Kelly Blue Book and Edmunds to get an idea on price. Although I think both of those sites seem to be a little bit high. If you're near a big city, there should be plenty of MINIs to look at and compare. Good luck!

 

One more thing for the original poster. The 1.9% runs out on 09/30. Whether or not they extend it is a crap shoot.

 

I agree, price too high, I just bought a new 09 and got some free stuff added on and the 1.9% financing. In todays market, it is a great rate and saves thousands in the loan amount of the five years of financing.

 

I bought a Jcw that msrp listed at 30800 for invoice minus dealer cash with 0.9 % rate for 48 months on july 31st.

If I can buy a Jcw for net cost you should be able to do the same on Cooper S.

 

how much is dealer cash

 

Used car prices are way up. Nada and KBB have typically been
6 to 8 % below what cars are selling at auction.