2015 MINI Cooper Lease Questions

Michaell

pjo1966 said:

When we're negotiating with the dealer should we tell them what we think the money factor should be? What should we quote as the source of this number?

Politely but firmly explain to them that you won't sign any deal that includes a marked up money factor.

pjo1966

Have the numbers changed for the two door hardtop with the new month? Looking for 36 months 36,000 miles. 

kyfdx

pjo1966 said:

Have the numbers changed for the two door hardtop with the new month? Looking for 36 months 36,000 miles. 

.00121 MF and 63% residual

ca555

Hello... would you mind sharing the current MF and residual for the 2015 4-door MINI Cooper Hardtop (3-cyl turbo Automatic, non-S)? 36mo/10K. Any lease cash or other offers for April? Thanks!

Michaell

ca555 said:

Hello... would you mind sharing the current MF and residual for the 2015 4-door MINI Cooper Hardtop (3-cyl turbo Automatic, non-S)? 36mo/10K. Any lease cash or other offers for April? Thanks!

.00121 and 60%

pjo1966

Are there lease numbers for new 2014 Cooper Hatchbacks (3 years / 36,000 miles)? I see they're having a deal right now, $4000 off.

kyfdx

pjo1966 said:

Are there lease numbers for new 2014 Cooper Hatchbacks (3 years / 36,000 miles)? I see they're having a deal right now, $4000 off.

No lease support for 2014 models.

mwahlert

Can someone please share the MF/RV for 2015 2 door hardtop, both standard and S (both automatic if it matters).

15k miles. 24 month available? 36 month (unless 39 is the incentived bracket).

is the make it yours $1000 credit applicable on leases?

what is the USAA credit on 2 door hardtop?

thanks.

pjo1966

I think we may need to remove the "2014" from the thread title.

Michaell

pjo1966 said:

I think we may need to remove the "2014" from the thread title.

Just updated to show 2015 in thread title.

Michaell

mwahlert said:

Can someone please share the MF/RV for 2015 2 door hardtop, both standard and S (both automatic if it matters).

15k miles. 24 month available? 36 month (unless 39 is the incentived bracket).

is the make it yours $1000 credit applicable on leases?

what is the USAA credit on 2 door hardtop?

thanks.

36/15 numbers:

Hardtop - .00121 and 58%

Hardtop S - .00114 and 57%

Make it yours is $750 for non-S version and $1000 for S. Applicable for leases as well.

starflare

2015 Hardtop 4 dr, 36/10k leases. I see here that base money factor is 0.00121. The dealer is offering about 0.002. Initially I thought there is a huge markup but I noticed they don't charge acquisition fee. Is there a different money factor when acquisition fee is waived?

kyfdx

starflare said:

2015 Hardtop 4 dr, 36/10k leases. I see here that base money factor is 0.00121. The dealer is offering about 0.002. Initially I thought there is a huge markup but I noticed they don't charge acquisition fee. Is there a different money factor when acquisition fee is waived?

There is a money factor bump for waiving the acquisition fee. Last time I heard, it was .00035. On higher priced models (like BMW), it's usually better to just add the $795 fee to the CAP cost, but in a car under $30K, it might be a little cheaper to take the waiver bump.

However, it looks like your dealer is marking up the base MF, in addition to that, if they are over .0019

pjo1966

Have this deal on the table:

2015 Cooper Hardtop
Automatic Transmission, Comfort Access Keyless Entry, Moonroof, Armrest, and Storage Package

$25,150 MSRP
$23,920 Invoice
$24,170 Purchase Price

$500 Down
$750 Manufacturers Incentive

10,000 miles/year

MF .00215
Residual 61%
$344.20/mo including tax

The salesman said he might be able to shave $10/mo off the price when I get there. If I got them to the MF and Residual here how would that change the payment?

kyfdx

pjo1966 said:

Have this deal on the table:

2015 Cooper Hardtop
Automatic Transmission, Comfort Access Keyless Entry, Moonroof, Armrest, and Storage Package

$25,150 MSRP
$23,920 Invoice
$24,170 Purchase Price

$500 Down
$750 Manufacturers Incentive

10,000 miles/year

MF .00215
Residual 61%
$344.20/mo including tax

The salesman said he might be able to shave $10/mo off the price when I get there. If I got them to the MF and Residual here how would that change the payment?

The difference between .00121 and .00215 is about $37/mo.

pjo1966

Michaell said:

pjo1966 said:

When we're negotiating with the dealer should we tell them what we think the money factor should be? What should we quote as the source of this number?

Politely but firmly explain to them that you won't sign any deal that includes a marked up money factor.

What do I reply when I'm asked where I got the MF and Residual numbers?

Michaell

pjo1966 said:

Michaell said:

pjo1966 said:

When we're negotiating with the dealer should we tell them what we think the money factor should be? What should we quote as the source of this number?

Politely but firmly explain to them that you won't sign any deal that includes a marked up money factor.

What do I reply when I'm asked where I got the MF and Residual numbers?

Google - don't they know everything?

Residual is set by the bank; not even the dealer can alter it.

pjo1966

pjo1966 said:

Have this deal on the table:

2015 Cooper Hardtop
Automatic Transmission, Comfort Access Keyless Entry, Moonroof, Armrest, and Storage Package

$25,150 MSRP
$23,920 Invoice
$24,170 Purchase Price

$500 Down
$750 Manufacturers Incentive

10,000 miles/year

MF .00215
Residual 61%
$344.20/mo including tax

The salesman said he might be able to shave $10/mo off the price when I get there. If I got them to the MF and Residual here how would that change the payment?

What would the residual and MF be for 10,000 miles per year?

Also, does Mini Financial have numbers for 39 month leases with 1,000 miles per month?

pjo1966

I asked the salesman what going from 30,000 mikes to 36,000 would do to the payment. I will have to call him for the MF and Residual, but he said the payment would be $10 more per month.

Michaell

pjo1966 said:

pjo1966 said:

Have this deal on the table:

2015 Cooper Hardtop
Automatic Transmission, Comfort Access Keyless Entry, Moonroof, Armrest, and Storage Package

$25,150 MSRP
$23,920 Invoice
$24,170 Purchase Price

$500 Down
$750 Manufacturers Incentive

10,000 miles/year

MF .00215
Residual 61%
$344.20/mo including tax

The salesman said he might be able to shave $10/mo off the price when I get there. If I got them to the MF and Residual here how would that change the payment?

What would the residual and MF be for 10,000 miles per year?

Also, does Mini Financial have numbers for 39 month leases with 1,000 miles per month?

Cooper Hardtop - 36/10 - .00121 and 61%.

Subtract 3% for 39 month program.

starflare

kyfdx said:

starflare said:

2015 Hardtop 4 dr, 36/10k leases. I see here that base money factor is 0.00121. The dealer is offering about 0.002. Initially I thought there is a huge markup but I noticed they don't charge acquisition fee. Is there a different money factor when acquisition fee is waived?

There is a money factor bump for waiving the acquisition fee. Last time I heard, it was .00035. On higher priced models (like BMW), it's usually better to just add the $795 fee to the CAP cost, but in a car under $30K, it might be a little cheaper to take the waiver bump.

However, it looks like your dealer is marking up the base MF, in addition to that, if they are over .0019

kyfdx,
Thanks for your reply. MF w/ acq fee waived is indeed 0.00156 which is 0.00035 bump over the base MF of 0.00121.

pjo1966

pjo1966 said:

Have this deal on the table:

2015 Cooper Hardtop
Automatic Transmission, Comfort Access Keyless Entry, Moonroof, Armrest, and Storage Package

$25,150 MSRP
$23,920 Invoice
$24,170 Purchase Price

$500 Down
$750 Manufacturers Incentive

10,000 miles/year

MF .00215
Residual 61%
$344.20/mo including tax

The salesman said he might be able to shave $10/mo off the price when I get there. If I got them to the MF and Residual here how would that change the payment?

I got the payment down to $318 with 12,000 miles/year. I don't have the breakdown yet, But I'm happy. I'm picking it up tomorrow morning. 2015 Iced Chocolate with a white roof.

kyfdx

pjo1966 said:

pjo1966 said:

Have this deal on the table:

2015 Cooper Hardtop
Automatic Transmission, Comfort Access Keyless Entry, Moonroof, Armrest, and Storage Package

$25,150 MSRP
$23,920 Invoice
$24,170 Purchase Price

$500 Down
$750 Manufacturers Incentive

10,000 miles/year

MF .00215
Residual 61%
$344.20/mo including tax

The salesman said he might be able to shave $10/mo off the price when I get there. If I got them to the MF and Residual here how would that change the payment?

I got the payment down to $318 with 12,000 miles/year. I don't have the breakdown yet, But I'm happy. I'm picking it up tomorrow morning. 2015 Iced Chocolate with a white roof.

Congrats! Have fun with it!

twodice1

What's the money factor and residual on a mini 4 door hardtop and countryman for 24 months with 12 and 15k plus is there any lease cash?

kyfdx

twodice1 said:

What's the money factor and residual on a mini 4 door hardtop and countryman for 24 months with 12 and 15k plus is there any lease cash?

4-door: .00121 MF and 66%/64% residual
Countryman: .00120 MF and 70%/68% residual

$750 Spring Sales Event credit on either model.

twodice1

Was offered a 2015 Mini Cooper 2 door with panoramic sunroof, all-weather tires, automatic transmission and cold-weather package. This is currently their loaner vehicle but would be sold as new and have full guarantee

Not sure about money factor or residual as they wouldn't provide it last night:
MSRP: $22,950, sale price: $20,000
$2K down (covers all taxes and fees), $300 a month - 24 months with 12K miles.
$3K down (include all taxes and fees) = $259 a month- 24 months with 12K miles.

What do you think of this deal?

Michaell

twodice1 said:

Was offered a 2015 Mini Cooper 2 door with panoramic sunroof, all-weather tires, automatic transmission and cold-weather package. This is currently their loaner vehicle but would be sold as new and have full guarantee

Not sure about money factor or residual as they wouldn't provide it last night:
MSRP: $22,950, sale price: $20,000
$2K down (covers all taxes and fees), $300 a month - 24 months with 12K miles.
$3K down (include all taxes and fees) = $259 a month- 24 months with 12K miles.

What do you think of this deal?

Doesn't seem good. Using the base MF of .00121 and the 24/12 residual of 66%, I get a $0 down pre-tax payment of $244.74/mo.

Have the dealer explain the breakdown of the $2K or $3K out of pocket costs. There may be extra fees being added in or the MF is being inflated on you. Either way, dealer needs to sharpen their pencil.

jtla

I leased an BMW back in 2007 and was able to reduce money factor by .00007 for each additional month worth of security deposit. Does MINI also offer/accept multiple security deposit (MSD) to lower money factor? If so, is the maximum still 7 months?

Can you also clarify the calculation of residual? Is it based on MSRP or selling price? Is destination charge included?

Thank you in advance!

Michaell

jtla said:

I leased an BMW back in 2007 and was able to reduce money factor by .00007 for each additional month worth of security deposit. Does MINI also offer/accept multiple security deposit (MSD) to lower money factor? If so, is the maximum still 7 months?

Can you also clarify the calculation of residual? Is it based on MSRP or selling price? Is destination charge included?

Thank you in advance!

I believe MINI offers the same MSD program as BMW - max 7 security deposits, each of which reduce the MF by .00007.

Residual is based off MSRP - the bottom line of the sticker, including destination.

callalee

So I received this lease quote for a 2015 Hardtop I requested

Price $23050
Sales Tax Est $2026.42
Weight Fee 8.00
Registration Fee Est 221
County Fee $20
Efiling $29
Smog Abatement Fee $20
Documentation Fee $80
Tire/Battery/MVWEA $7
Total $25461.42

Lease Term: 36 Months 10k miles

Down Pmt: $3,500 $274 monthly
Down Pmt: $5,000 $228 monthly
Down Pmt: $6,500 $182 monthly

I’m not sure how to calculate the MF and Residual as I haven’t googled it yet But is this a good deal? I requested quotes from other dealers nearby and I know one of them has this car at $22,050 MSRP which I can use as a counteroffer also…

Thanks in advance!

Update: The dealer provided me the MF at .00176 and RF of 61% for the quote above

Michaell

callalee said:

So I received this lease quote for a 2015 Hardtop I requested

Price $23050
Sales Tax Est $2026.42
Weight Fee 8.00
Registration Fee Est 221
County Fee $20
Efiling $29
Smog Abatement Fee $20
Documentation Fee $80
Tire/Battery/MVWEA $7
Total $25461.42

Lease Term: 36 Months 10k miles

Down Pmt: $3,500 $274 monthly
Down Pmt: $5,000 $228 monthly
Down Pmt: $6,500 $182 monthly

I’m not sure how to calculate the MF and Residual as I haven’t googled it yet But is this a good deal? I requested quotes from other dealers nearby and I know one of them has this car at $22,050 MSRP which I can use as a counteroffer also…

Thanks in advance!

Update: The dealer provided me the MF at .00176 and RF of 61% for the quote above

This is not a good deal. The base MF for the Hardtop is .00121.

We do not recommend putting money down on a lease .. if the car is stolen or totaled, you lose that money. The only up front costs you should cover are the first payment, the acquisition fee, the dealer fee, and any state or local license costs.

What state is this? I'm guessing California due to the $80 doc fee. If so, the sales tax is computed against the monthly payment, not up front as your numbers seem to indicate.

You should negotiate your best selling price first.

ann112

gilberto121 said:

Hi there! Can you please provide me with the residual and money factor for a 2015 Mini Cooper S Convertible with a 36 mo./15,000 mile lease? Are there any promos? Finally, what is the best way to negotiate the price of the car? Do I peg it to invoice price? Thank you very much for all your help.

Hi Gilberto121!

I'm also getting ready to buy a 2015 Mini S Convertible, I was wondering what kind of deal you ended up getting on yours? I'm located in Pittsburgh, not sure where you bought yours, but I have heard there is not much room for negotiation? Also did you take it off the lot or order? Thanks!

ann112

Hi! I am new here and I am getting ready to lease my first car. I'm looking at the 2015 Mini Cooper 2 Door Hardtop S, the 2015 Mini Convertible, and Convertible S. If you could please tell me the MF and Residuals for all of these it would be greatly appreciated! I'm looking for 36 months for 30,000 miles. Also, do you happen to know if I would get a better deal on one of these models? The dealership told me they are not really willing to negotiate. I assumed I would pay MSRP if I order one, vs taking one off the lot, so if anyone has experience with that as well it would be greatly appreciated! Thank you for your help!

pjo1966

A friend pointed out that my payment on my 2015 Mini Cooper is about $70 less than the payments when I leased my first Mini in 2007. I even put less money down this time.Thanks again to all who offered help here!

Michaell

ann112 said:

Hi! I am new here and I am getting ready to lease my first car. I'm looking at the 2015 Mini Cooper 2 Door Hardtop S, the 2015 Mini Convertible, and Convertible S. If you could please tell me the MF and Residuals for all of these it would be greatly appreciated! I'm looking for 36 months for 30,000 miles. Also, do you happen to know if I would get a better deal on one of these models? The dealership told me they are not really willing to negotiate. I assumed I would pay MSRP if I order one, vs taking one off the lot, so if anyone has experience with that as well it would be greatly appreciated! Thank you for your help!

36/10 numbers:

Hardtop S - .00114 and 60%
Convertible - .00123 and 58%
Convertible S - .00125 and 57%

There aren't a lot of MINI dealers to choose from, so it's hard to negotiate to get the best deal. The local dealer where my daughter has bought two MINIs is in fact a one-price dealer, so she had no choice but to pay MSRP.

If I had to guess, I would say the Hardtop S will be easier to negotiate, as there are probably more of them on the lot that the convertible.

callalee

The dealer provided me the MF at .00176 and RF of 61% for the quote above...

Michaell said:

callalee said:

So I received this lease quote for a 2015 Hardtop I requested

Price $23050
Sales Tax Est $2026.42
Weight Fee 8.00
Registration Fee Est 221
County Fee $20
Efiling $29
Smog Abatement Fee $20
Documentation Fee $80
Tire/Battery/MVWEA $7
Total $25461.42

Lease Term: 36 Months 10k miles

Down Pmt: $3,500 $274 monthly
Down Pmt: $5,000 $228 monthly
Down Pmt: $6,500 $182 monthly

I’m not sure how to calculate the MF and Residual as I haven’t googled it yet But is this a good deal? I requested quotes from other dealers nearby and I know one of them has this car at $22,050 MSRP which I can use as a counteroffer also…

Thanks in advance!

Update: The dealer provided me the MF at .00176 and RF of 61% for the quote above

This is not a good deal. The base MF for the Hardtop is .00121.

We do not recommend putting money down on a lease .. if the car is stolen or totaled, you lose that money. The only up front costs you should cover are the first payment, the acquisition fee, the dealer fee, and any state or local license costs.

What state is this? I'm guessing California due to the $80 doc fee. If so, the sales tax is computed against the monthly payment, not up front as your numbers seem to indicate.

You should negotiate your best selling price first.

Thank you Michaell!

ann112

Michaell said:

ann112 said:

Hi! I am new here and I am getting ready to lease my first car. I'm looking at the 2015 Mini Cooper 2 Door Hardtop S, the 2015 Mini Convertible, and Convertible S. If you could please tell me the MF and Residuals for all of these it would be greatly appreciated! I'm looking for 36 months for 30,000 miles. Also, do you happen to know if I would get a better deal on one of these models? The dealership told me they are not really willing to negotiate. I assumed I would pay MSRP if I order one, vs taking one off the lot, so if anyone has experience with that as well it would be greatly appreciated! Thank you for your help!

36/10 numbers:

Hardtop S - .00114 and 60%
Convertible - .00123 and 58%
Convertible S - .00125 and 57%

There aren't a lot of MINI dealers to choose from, so it's hard to negotiate to get the best deal. The local dealer where my daughter has bought two MINIs is in fact a one-price dealer, so she had no choice but to pay MSRP.

If I had to guess, I would say the Hardtop S will be easier to negotiate, as there are probably more of them on the lot that the convertible.

Hi, thank you so much for answering! I know this is a leasing forum, but I was wondering if you happen to have any insight as to the times of year when it is best to buy a Mini for the best financing/incentives, if I go that route instead of leasing? Right now the financing is 1.9% and I can get $1000 off during the April sales incentive. I did see in January they had .9% financing, but I'm not sure if they still have incentives like the $1000 off then? If anyone has been looking for a while and has an insight it would be greatly appreciated! Thanks again!

tjenkins3

Hello Michaell,

Trying to decide between Hard Top 4 Door, or Countryman. Could you please provide money factor and residuals for 36 mos/15,000?

Thanks!

kyfdx

tjenkins3 said:

Hello Michaell,

Trying to decide between Hard Top 4 Door, or Countryman. Could you please provide money factor and residuals for 36 mos/15,000?

Thanks!

4-door: .00121 MF and 57% residual
Country: .00120 MF and 60% residual

tjenkins3

Thank you... And last night we thought about 24 months perhaps... So 24 mos and 15,000?

Thanks again!

Michaell

tjenkins3 said:

Thank you... And last night we thought about 24 months perhaps... So 24 mos and 15,000?

Thanks again!

4-door 64%
Countryman - 68%

Same MF

99gx

Does anyone have the new MF for may on the mini 4 door hard top? My friend just went out today and made a "deal" and I need to know before this week if they they got a deal....I will hopefully provide the numbers by Mon/Tues.... Thanks for your help...im hoping to see if they got a good deal since I wasn't there to see the breakdown...also they didn't even compare numbers to any other mini dealerships...so this needs to be done as soon as possible Thanks ...

kyfdx

99gx said:

Does anyone have the new MF for may on the mini 4 door hard top?

My friend just went out today and made a "deal" and I need to know before this week if they they got a deal....I will hopefully provide the numbers by Mon/Tues....

Thanks for your help...im hoping to see if they got a good deal since I wasn't there to see the breakdown...also they didn't even compare numbers to any other mini dealerships...so this needs to be done as soon as possible

Thanks ...

.00121 MF

99gx

kyfdx said:

Does anyone have the new MF for may on the mini 4 door hard top? My friend just went out today and made a "deal" and I need to know before this week if they they got a deal....I will hopefully provide the numbers by Mon/Tues.... Thanks for your help...im hoping to see if they got a good deal since I wasn't there to see the breakdown...also they didn't even compare numbers to any other mini dealerships...so this needs to be done as soon as possible Thanks ...

.00121 MF

Thank you....they came back with a money factor of .00141 Hmmm Anyway the quote I got was sky high for a vehicle my friend just leased at another dealership I called... I know minis have great value but the leasing numbers are way above some entry luxury brands I got lease prices for This was a mini hardtop 26450 build price 36/12,000 mi $1500 down and $400 a month Crazy over inflated price

jlq2015

Hi -

What are the May MF and residual for a Countryman S 36 mos / 12,000?

Looks like MF should be about .00121 or thereabouts based on recent posts.

A dealer will obviously not let you get down to .00121, when negotiating w/ the dealer what level can you reasonable expect to get to without completely pissing them off?

Thanks,
JQ

kyfdx

jlq2015 said:

Hi -

What are the May MF and residual for a Countryman S 36 mos / 12,000?

Looks like MF should be about .00121 or thereabouts based on recent posts.

A dealer will obviously not let you get down to .00121, when negotiating w/ the dealer what level can you reasonable expect to get to without completely pissing them off?

Thanks,
JQ

.00123 MF and 64% residual

I've done plenty of lease deals at the base money factor (not on a MINI). Don't worry about the dealer's feelings..

jlq2015

Dealer says 62% for 15 countryman s. Quoted me a MF right on at .00123

Michaell

jlq2015 said:

Dealer says 62% for 15 countryman s. Quoted me a MF right on at .00123

Odd ... I'm showing .00123 and 63% for the Countryman S (not ALL4) for 36/10. Dealer is not allowed to adjust the residual value.

62% is the 36/10 residual for the Countryman S with ALL4, but the MF for that model is .00118

99gx

What's the residual for a 4 door mini hardtop 2015..forgot to ask this Thanks

Michaell

99gx said:

What's the residual for a 4 door mini hardtop 2015..forgot to ask this

Thanks

60% for 36/10.