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MINI Cooper Lease Questions

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  • You're very welcome, hooch7. Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mini Cooper Clubman S with 15,000 miles per year are .00190 and 55%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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  • Hi pjsage. You are correct, Mini will waive its acquisition fee requirement in exchange for an increase of .00035 in the money factor that is used to calculate a vehicle's monthly payment.

    According to the latest information that I have seen, Mini's September buy rate lease money factor for the 2010 Cooper S is .00190 for consumers who qualify for its top credit tiers. This factor is with the payment of the acquisition fee at lease signing.

    Car_man
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  • I'd be happy to help you out, sturner6.

    According to the latest information that I have seen, Mini's September buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper S with 12,000 miles per year are .00230 and 57%, respectively for consumers who qualify for its top credit tiers.

    Mini isn't providing any support on 2011 models yet. .00230 really isn't that bad for a standard money factor. I've definitely seen much worse.

    Car_man
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  • Hi Car_man, you are the man here, so I must ask you!
    i've seen rates for 2011 coopers floating around, but not very clear on the 2010 remaining stock. Could you help me with the rates for cooper S 15k/36m? seems like paying the acquisition will drop the MF down, so I don't mind pay that.

    Thanks in advance!
  • Hi...I'm in the market for a 2010 Mini Cooper Convertible and am working with two dealers and neither is too keen on providing me with too much information. I know I qualify for the BMW Financial’s Elite status.

    I need to know the residual and money factor on two different cars: the 2010 Mini Cooper Convertible base model and also a 2010 Mini Cooper S Convertible that is an executive demo. I have been unable to find the money factor for October, but I’ll settle for September number in order to have an idea of what I’m looking at.
    Any help would be greatly appreciated!
  • Also, forgot to mention...12K/36months
  • podpropodpro Posts: 3
    MINI Cooper (base model hardtop)
    $800 out of pocket
    $340 a month
    36 months
    10k a year
    Automatic
    Moonroof
    Automatic Climate Control
    Suggested price = $23,850

    I was shocked at how much money the "S" model and/or convertible was here in NY. Any feedback on the deal above would be appreciated.

    The one thing I don't like about the base model is the 15" tire and rims. I was told that these can't be swapped out. Sounds weird, no?

    Also, will I notice a BIG difference between the drive of an "S" and the base model? Is it simply better acceleration and top speed?I drove the base model and was a bit underwhelmed.
  • merckxmerckx Posts: 565
    Power is very subjective.For me, even though I am a salesman at a MINi dealer and am around them every day, I actually prefer the base Cooper(manual shift). I don't find it the least bit pokey; moreover, I find the turbo whistle on the S a little tedious. But, as I said, power is very subjective.
    And avoiding run-flats by specing the 15" wheels is very appealing to me.
  • podpropodpro Posts: 3
    Can you elaborate on what you mean by "And avoiding run-flats by specing the 15" wheels is very appealing to me."?

    The 15" tires have me worried that I'll feel every little bump in the road...
  • merckxmerckx Posts: 565
    The standard 15" tire is the only one in the MINI line that isn't a run-flat.
    Some of the guys at the store maintain a bigger wheel will give a better ride. But the shorter,and therefore stiffer sidewall of a larger tire has to give a slightly rougher ride.
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,914
    Yeah... If you are worried about the ride, the 15" wheels are the ones you want.... The tires are the same overall diameter of the 16" wheels..

    Less wheel = more tire = more cushion.. plus, as noted... non-runflat.. which will be even more forgiving..

    If you like to shift and run through the gears, you'll have a little more fun with the base model, as it takes a little more rowing to get where you are going.. If you just like power/torque and don't care about the shifting, then the "S" will be more appealing (at a substantial extra cost).

    Moderator - Prices Paid, Lease Questions, SUVs

  • Thanks lazieepetey.

    Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mini Cooper S with 15,000 miles per year are .00190 and 53%, respectively.

    Car_man
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  • Hi minibibi. Here's the information that you're looking for.

    Mini's October buy rate lease money factor and residual value for a 36 month lease of a 2010 Cooper Convertible with 12,000 miles per year are .00190 and 52%, respectively.

    The numbers for an otherwise identical 36 month lease of a Cooper Convertible S are interestingly exactly the same.

    Car_man
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  • Hi Car_man,

    Do you also have Mini's October buy rate lease money factor and residual value for a 36 month lease 12K miles/year of a 2011 Cooper S hardtop and Cooper hardtop?

    Thanks!
  • I'm interested in a mini-cooper based model for a 24 month lease. Does anyone know if they will do a 24 month lease?

    If so, does anyone know the money factor and residual value for a 12 or 15k lease for 24 months?

    The only must-have options for me are heated seats and a sun roof, but not sure if its better to do that as individual options or as part of their packages. Any thoughts?

    I've been to my local mini dealer twice and both times they've been incredibly rude to me. I'm new to looking at minis and don't really know how it works - he was totally unhelpful and wouldn't explain any of the options to me, so trying to get some help elsewhere.
  • I certainly do, wongkoonwai. Mini's October buy rate lease money factor and residual value for a 36 month lease of a 2011 Cooper S Hardtop with 12,000 miles per year are .00170 and 57%, respectively.

    The numbers for an otherwise identical lease of a non-S model are .00170 and 60%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • I wanted to post my new lease for a 2011 Mini Clubman on 10/22/2010. Thanks Car Man for all your posts that helped a lot.

    My dealer was Irvine Mini, CA

    2011 Mini Clubman (British racing green2 w/ silver top) totally stripped. They threw in rubber floor mats

    MSRP at $22,300
    Term: 36 months
    Residual %66 of MSRP (12K per year) (%67 for 10K/year) only $8mo more for 12K.
    Money Factor .00180
    Discount of the car $1054
    My total drive off was $2842 (CAP reduction $2018 + DMV $362 + first payment + $45 doc fee, etc) No security deposit.
    Monthly payment $ 208.45 plus tax.

    Other useful info:

    Regular HT minis residual was %68 with MF at .00173
    What helped me was to have them use their computer to recreate the national lease offer, then input the numbers for my vehicle. I was less MSRP, but also less residual and higher MF for the clubman.
  • You're very welcome, adamwade. I'm glad that I was able to help you out. Thanks for taking the time to give back and share the details of your lease with everyone. Real world examples like this are always helpful for others who are in the market.

    Enjoy your new ride :shades: !

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Carman,

    I would be most appreciative if you could post captive lease rates (residuals & money factors) for 2011 Mini Cooper S Countryman All4 with 10K and 12K miles per year at 36 months.

    Thanks!
  • Hi Car_man,

    Do you have Mini's November buy rate, lease money factor and residual value for a 36 month lease 10K/12K miles/year of a 2011 Cooper Base Convertible and a 2011 Cooper S Convertible?

    Thanks!
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