R55 :: Clubman Talk (2008+) Discussions revolving around the extended wheelbase Clubman (R55) model.

R55 MSRP vs. "out the door"

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Old Aug 18, 2008 | 09:47 AM
  #1  
ZekeDog's Avatar
ZekeDog
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MSRP vs. "out the door"

Thought it would be interesting if folks could share what their "out the door" (or "out of pocket", i.e., actual) price was verses their MSRP of the mini that was purchased.
I know taxes differ from state to state as fees do, just thought it would be informative to know the actual cost and what to expect.
Especially if you live in Florida, like me.

Thanks.

MSRP: $28,950
Actual: $31,100
 
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Old Aug 18, 2008 | 11:08 AM
  #2  
ClubmanS's Avatar
ClubmanS
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From: South Florida
I am in South Florida:

MSRP was $26,200
OTD was $28,500 (Give or take).

Bought the Clubman S auto (Ordered Dec '07, took delivery late Feb '08) at Lauderdale MINI in Ft. Lauderdale, FL (this is MINI #4 bought new from them since 2002).

Broward county sales tax is 6.5% versus Miami-Dade's which is 7%. Another advantage in purchasing a MINI outside of Dade county.
 
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Old Aug 18, 2008 | 11:18 AM
  #3  
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koveras
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I've been a little concerned about this for when my 09 convertible comes in. So are the taxes/fees coming out to 2-3k over MSRP or is that strictly markup before all that is added in?
 
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Old Aug 18, 2008 | 11:44 AM
  #4  
mtbscott's Avatar
mtbscott
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From: H-town
The add ons are going to be somewhat unique to your state and maybe even county/city. Here in Houston, Texas, sales tax is 6.25% (if you trade something in you only pay taxes on the difference), state maximum doc fee is $50, license/title fees about $100, and a handful of other taxes/fees about $50. Tax will vary of course based on sales price, but the other fees should be the same for any MINI.
 
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Old Aug 18, 2008 | 11:47 AM
  #5  
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Dolmangar
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From: Northern Virginia
Unless you REALLY want the car NOW I don't see much of a reason to pay more then MSRP. I realize that in some areas the demand is so high that people "must" pay more then MSRP. If you ordered the car, you should already have the price in hand right? If you gave them a deposit your price is locked in (or at least it should be). From that you can figure out the extras:

Sales taxes are easy to calculate. Remember that in some (maybe all?) places the value of your trade in is subtracted before sales taxes is calculated. So for example:

Price: $26,200
Trade - $2000
= $24,200

Sales tax of 6.5%
$24,200 * 0.065 = tax of $1573 (added to car price - trade) = $25,773
(Short cut is $24,200 * 1.065 = $25,773)

Registration is usually $50-$100
Some places have a "Processing Fee" which in general is BS but I've seen it in Va for as high as $450, but $180 is more common. The MINI dealership has it printed on the sales slip so that it looks like it can't be taken off.

Extended warranty is about $1000-2000 depending on what you're buying. They often don't even bring this up until you're in the financing room (and past the negotiating phase). Remember that this is a dealer add-on and the price is also something you can talk them down on. If the warranty costs you $1000, it probably only cost the dealer $500 so they make a lot of profit on these. When you're working on them, tell them to "throw in" the extended warranty and see where it gets you.

Hope that helps, don't let the lure of a shiny new MINI convince you to pay more then you want to.
 
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Old Aug 18, 2008 | 12:04 PM
  #6  
DMAC57's Avatar
DMAC57
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Joined: Jun 2008
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From: Round Lake IL
Northern IL
MSRP 30734
Costco Discount 769.00
OTD 32062
 
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Old Aug 18, 2008 | 01:03 PM
  #7  
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bahollings
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Arizona, MSRP 27,450.
Out the door 30,605.
Sales tax were $2276. ouch
Dealer Doc fees $490.
and get this "Payments made on your behalf to Public Officials for Official Fees" $416 double ouch
 
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Old Aug 18, 2008 | 02:13 PM
  #8  
koveras's Avatar
koveras
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Well with the 09 convertible prices not being officially released I dont know what the MSRP is. SC has a $300 tax cap and they charged me a $284 tag/title fee. No mention of a "dealer fee" yet but I imagine it will materialize come March when my car comes in. Plus theres the labor costs with dealer accessories that arent mentioned...
 
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Old Aug 18, 2008 | 06:12 PM
  #9  
Deutsch's Avatar
Deutsch
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From: L.A.
T+L is yet another reason I REFUSE to pay over M.S.R.P.
 
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Old Aug 18, 2008 | 06:26 PM
  #10  
Dan9874123's Avatar
Dan9874123
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Originally Posted by bahollings
Arizona, MSRP 27,450.
Out the door 30,605.
Sales tax were $2276. ouch
Dealer Doc fees $490.
and get this "Payments made on your behalf to Public Officials for Official Fees" $416 double ouch
Hmmm those "payments" sounds a lot like bribes......
 
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Old Aug 18, 2008 | 06:34 PM
  #11  
DragonWagon's Avatar
DragonWagon
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From: DFW
No, No, No!

The question is:
"What were the total dealer fees." Documentation, Prep, Bend Over, etc.

Each state varies on vehicle tax and inspection fees.
 
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Old Aug 18, 2008 | 06:40 PM
  #12  
NJ Clubman's Avatar
NJ Clubman
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From: New Jersey
$23100 MSRP

$25135 out the door
 
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Old Aug 19, 2008 | 12:25 AM
  #13  
Parkerton's Avatar
Parkerton
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From: San Francisco Peninsula
Originally Posted by DMAC57
Northern IL
MSRP 30734
Costco Discount 769.00
OTD 32062
I was told by Costco that the MINI was too popular and as a result wasn't part of the Costco program. How'd you score that?
 
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Old Aug 19, 2008 | 04:52 AM
  #14  
Wolfeee's Avatar
Wolfeee
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From: New Yawk
MSRP: 23,450
with extras: 25,700.
Tax fees, etc.

$27, 855.07
 
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Old Aug 19, 2008 | 07:20 PM
  #15  
ClubmanS's Avatar
ClubmanS
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Joined: Dec 2007
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From: South Florida
I had no trade and my deal went like this....

2008 Clubman S HC/S:

MSRP $26,200

Fees:

Florida Battery + Tire = $6.50
Dealer fee = $499

Amount taxable = $26,705.50

Plus

Sales tax (6.5% Broward county, Florida) = $1,602.33

License, tag and registration fees = $36.35

Misc fee = $2.00

Other taxes = $50.00

Cash balance due = $28,396.18

Less cash down payment = $13,000

Unpaid balance of cash price = $15,396.18

I financed the unpaid balance with MINI Financial Services as follows:

Amount to be financed = $15,450.43

Interest rate on the loan = 6.04% (Lowest they could get me at the end of Feb 2008)

Finance charge = $1,483.25

Number of payments = 36 months

Monthly payment = $470.38

Total of payments = $16,933.68

Total sale price including downpayment and cost of credit = $29,933.68

I have 30 payments left on the car and plan to pay it off early.

Hope this helps.
 
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Old Aug 20, 2008 | 06:06 AM
  #16  
tim781996's Avatar
tim781996
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From: Maine
MSRP: 25,700
OTD: 25,882
 
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Old Aug 20, 2008 | 06:15 AM
  #17  
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koveras
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.
 

Last edited by koveras; Aug 20, 2008 at 06:19 AM. Reason: oops nevermind, answered my own question!
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Old Aug 20, 2008 | 07:11 AM
  #18  
tinker_06's Avatar
tinker_06
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From: SW FL
oops - I posted in wrong forum!!
 

Last edited by tinker_06; Aug 20, 2008 at 12:47 PM. Reason: didn't order a clubman!
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Old Aug 20, 2008 | 10:43 AM
  #19  
FlyingZ06's Avatar
FlyingZ06
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Originally Posted by ZekeDog
Thought it would be interesting if folks could share what their "out the door" (or "out of pocket", i.e., actual) price was verses their MSRP of the mini that was purchased.
I know taxes differ from state to state as fees do, just thought it would be informative to know the actual cost and what to expect.
Especially if you live in Florida, like me.

Thanks.

MSRP: $28,950
Actual: $31,100
I paid MSRP minus $1000. Plus 6% tax. Nothing else!
 
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Old Aug 20, 2008 | 10:44 AM
  #20  
FlyingZ06's Avatar
FlyingZ06
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Oh, you guys that are paying $400-600 for doc fees are wacko! Call it rape.
 
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Old Aug 20, 2008 | 10:45 AM
  #21  
FlyingZ06's Avatar
FlyingZ06
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Joined: Apr 2008
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Originally Posted by ClubmanS
I had no trade and my deal went like this....

2008 Clubman S HC/S:

MSRP $26,200

Fees:

Florida Battery + Tire = $6.50
Dealer fee = $499

Amount taxable = $26,705.50

Plus
Sales tax (6.5% Broward county, Florida) = $1,602.33

License, tag and registration fees = $36.35

Misc fee = $2.00

Other taxes = $50.00

Cash balance due = $28,396.18

Less cash down payment = $13,000

Unpaid balance of cash price = $15,396.18

I financed the unpaid balance with MINI Financial Services as follows:

Amount to be financed = $15,450.43

Interest rate on the loan = 6.04% (Lowest they could get me at the end of Feb 2008)

Finance charge = $1,483.25

Number of payments = 36 months

Monthly payment = $470.38

Total of payments = $16,933.68

Total sale price including downpayment and cost of credit = $29,933.68

I have 30 payments left on the car and plan to pay it off early.

Hope this helps.
Politics removed by moderator
 

Last edited by gnatster; Aug 21, 2008 at 08:40 AM.
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Old Aug 21, 2008 | 08:37 AM
  #22  
Xymox's Avatar
Xymox
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Joined: Jul 2007
Posts: 793
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From: Harrisburg, PA
Curb the politics, please.
 
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Old Aug 21, 2008 | 06:16 PM
  #23  
digi0123's Avatar
digi0123
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I've posted this in other forums, check this site out, read if through all the way, lots of helpful hints problem with the Mini is the demand may put you at the disadvantage where you have to eat some costs.

http://www.carbuyingtips.com/car1.htm
 
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Old Aug 22, 2008 | 06:21 PM
  #24  
wolst's Avatar
wolst
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Joined: Jul 2008
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From: Pittsburgh, PA
MSRP w/ accessories $24,386 - $536 free accessories and roof rack + $1,669 sales tax + $64 registration fee + $52 doc fee + $5 tire tax + $45 electronic registration = $25,685 out the door.
 
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