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R50/53 Interesting Fact

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Old 04-02-2006, 08:19 PM
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Interesting Fact

I was reading in a magazine today, forget which one (but ill find out tomorrow), that 85% of people return to their dealership to buy another MINI after owning one.
 
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Old 04-02-2006, 09:30 PM
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I don't know if this is a reason to support that statistic, but my MA told me that when I turn in my MINI in 36 mos. (leasing), that my down payment will go towards whatever I want from the dealership (to buy my MINI, to get another MINI, or to get a BMW or Infiniti). This is my first new car, so I am not sure if this is common practice, but you know what they say: once you go small, you stay...tall! (?)

Sorry, that doesn't even make sense.

Time for bed...daylight savings...stupid farmers.
 
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Old 04-02-2006, 09:55 PM
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Wow!

So I'm one of the 15%.......

I only go back for parts.....

Matt
 
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Old 04-02-2006, 10:00 PM
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Originally Posted by Dr Obnxs
So I'm one of the 15%.......

I only go back for parts.....

Matt
Badum dum, tishhhh!!

Thanks, Matt, he'll be here all week!
Try the veal!

(sorry, )
 
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Old 04-02-2006, 11:13 PM
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Went back to our 1st dealer when we were buying #2. They wouldn't come off their premium, so we went out of state for MSRP (Classic) and drove it home. We even gave the original dealer another try when we were buying #3. Still no deal, they're still charging a premium, so we went back to Classic, got it for MSRP and I'll be driving #3 home the end of April. I'm not sure where that puts us in the statistics

SkateMom
 
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Old 04-02-2006, 11:25 PM
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Originally Posted by mayim
I don't know if this is a reason to support that statistic, but my MA told me that when I turn in my MINI in 36 mos. (leasing), that my down payment will go towards whatever I want from the dealership (to buy my MINI, to get another MINI, or to get a BMW or Infiniti).
So if you put $1000 down on your lease it'll just transfer over to your next car from them in 3 years? That seems a pretty good deal
 
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Old 04-02-2006, 11:37 PM
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Yep...

Went back to the same dealership 3 months later to get our MCS.

We got good deals...but if I had to do it all over again, I would probably go somewhere else simply because the MINI service at the same dealership has a failing grade.
 
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Old 04-03-2006, 07:07 AM
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Originally Posted by o-ron
So if you put $1000 down on your lease it'll just transfer over to your next car from them in 3 years? That seems a pretty good deal
Yeah, so basically they are just holding the money (and making interest on it in the mean time) until my lease is up. If I stay with them, the down payment carries over to the next car.
 
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Old 04-03-2006, 07:37 AM
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I went back to MINI but not the same dealership. #1 was purchased from Motor City MINI in Michiganh, #2 was purchased used, and #3 was purchased from Classic in Ohio
 
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Old 04-03-2006, 09:01 AM
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I'm another repeat buyer from Classic.
 
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Old 04-03-2006, 09:10 AM
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I'll join the club of repeat buyers....

but I too left my first dealership and went to Classic for my second MINI...
(The first dealership was terrible and charged a $2500 premium...)
 
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Old 04-03-2006, 09:16 AM
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I wonder

if Classic has become the volume leader! They sure do sell a lot for shipment.

They're smart! I wonder if anyone in the "mark-up" dealers has done the math on how much money they're sending to Classic by not honoring repeat buyers with MSRP only....

Matt
 
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Old 04-03-2006, 11:32 AM
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If I get another MINI no DOUBT I will return to my original dealer, Schomp Denver. NO BS, great service, and no handling/prep fees. Shoot if I was going to buy a Bimmer or Honda I'd go to Schomp as well. Jimbo
 
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Old 04-03-2006, 11:35 AM
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I was just at Mini of Mountain View

Still charging $2500 over MSRP for Ss. And still selling lots. If I get another, that's one place I won't buy from.....

Matt
 
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Old 04-03-2006, 04:34 PM
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so does that downpayment carry over even if you switch dealers?
 
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Old 04-03-2006, 06:15 PM
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Originally Posted by o-ron
so does that downpayment carry over even if you switch dealers?

No, it only works through the dealer I leased the car from (Dreyer & Reinbold, Indianapolis). They are a BMW, MINI, and Infiniti dealer. Still a good deal. While I can't predict the future, I am guessing I will either get a new-gen. MINI once my lease is up, or a BMW 3 or 5 series (depends on how many kids I have by then).
 
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Old 04-03-2006, 07:54 PM
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Originally Posted by mayim
Yeah, so basically they are just holding the money (and making interest on it in the mean time) until my lease is up. If I stay with them, the down payment carries over to the next car.
Right, but that downpayment worked to lower your lease payments, correct?

(ie 1k down on 25k gives 24k - 16k residual = 8k over 36 months - 1k back again at tend of lease towards another car = 7k paid out?) = super simply math

Just wondering how this could work as I just ordered an '06 and am considerng a lease so I can buy an '08 or '09 MCS MKII

It'd have to be a *good* deal, otherwise the resale value wipes out any lease advantages
 
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Old 04-03-2006, 08:25 PM
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Originally Posted by o-ron
Right, but that downpayment worked to lower your lease payments, correct?
Exactly. Oops, forgot to mention that.
 
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Old 04-04-2006, 03:46 AM
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Originally Posted by sequence
If I get another MINI no DOUBT I will return to my original dealer, Schomp Denver. NO BS, great service, and no handling/prep fees. Shoot if I was going to buy a Bimmer or Honda I'd go to Schomp as well. Jimbo
I can vouch for this. We just went yesterday and my wife was amazed at there service. The MA's get paid salary there so there is no pressure. We had a bad experience with a ford dealer about 13 years ago and this was a breeze. Needless to say, we ordered one.
 
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