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MINI Cooper Lease Questions

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Comments

  • jaylibjaylib Posts: 1
    Hello Car Man.
    Looking for lease figures for 2011 Countryman S (MSRP $30,200). Planning on a 36 Month with 12K miles per year. Thanks
  • azkals911azkals911 Posts: 4
    Hey Car Man

    Could you please tell me the May lease money factor and residual value for a

    2011 Mini Cooper Hardtop
    36 months
    12K and 15K.

    The website has a $199 promotion with 2799 due at signing. Is this any good?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi bmwi6. Mini's May buy rate lease money factor and residual value for a 36 month lease of a 2011 Cooper Hardtop with 15,000 miles per year are 00170 and 65%, respectively.

    The numbers for an otherwise identical lease of an '11 Cooper S Hardtop are .00180 and 57%.

    The numbers for an otherwise identical lease of a John Cooper Works Hardtop are .00185 and 48%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings bbkg79. Mini is not currently providing any lease support on the Countryman, which as I understand is selling very well. As a result, if you were to lease one through Mini's captive finance company, you would have to use its standard lease money factor. I believe that this number varies by region, but it should be between .00185 and .00200.

    Mini's current residual value for a 36 month lease of a 2011 Countryman with 15,000 miles per year is 60%.

    The residual for an otherwise identical lease of an '11 Countryman S is 58%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Caribbeanblue, Mini's May buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper S Hardtop with 12,000 miles per year are .00180 and 59%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jaylib. Mini is not currently providing any lease support on the Countryman, which as I understand is selling very well. As a result, if you were to lease one through Mini's captive finance company, you would have to use its standard lease money factor. I believe that this number varies by region, but it should be between .00185 and .00200.

    Mini's current residual value for a 36 month lease of a 2011 Countryman S with 12,000 miles per year is 60%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, azkals911.

    Mini's May buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper Hardtop with 15,000 miles per year are .00170 and 65%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year would be 2% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jquiltyjquilty Posts: 6
    Hi Car_Man,
    I'm looking for the June 2011lease rates on a Mini Hardtop, 3 years 12k and 15k.
    Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here's the information that you're looking for, jquilty. Mini's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper Hardtop with 15,000 miles per year are .00170 and 65%, respectively for consumers who qualify for its top credit tier.

    The residual value for a lease with only 12,000 miles per year is 2% higher.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jquiltyjquilty Posts: 6
    edited June 2011
    Just completed lease on 2011 Mini Hardtop w auto, premium package , bluetooth and center armrest.
    $280.02/ 36 mo/ 12KPY/ $23850- MSRP

    Out of pocket:
    1st payment $280.02
    Sec deposit 300.00
    Dealer doc fee 249.00
    On line reg fee 7.50
    Tire tax 7.50
    Bank fee 725.00
    Reg fee 252.50 (3 years)
    Money down 1000.00
    Tax on money down 70.00
    _______
    Total $2891.52

    Money factor .0017
    Residual $15979.50 (67%)

    We bought in Monmouth County, NJ. Needed the car in a specific color and within a week of our first visit to dealer. In order to get the color we had to take a car with more options than we would have wanted. They found it in Georgia and it's arriving tomorrow (2 days late, but still pretty good). Dealer was helpful, but made it clear as soon as I tried to negotiate, that they aren't willing to deal at all on price due to low inventory and high demand (especially automatics). Thank you Car_man for the leasing rates. They helped me shave almost $20/month off the original monthly cost they quoted.
  • Is the bank fee standard? I talked to one dealer who quoted the $725 and another who quoted $925?

    Also - did they charge you for shipping the car from Georgia? I have a dealer trying to charge me for that....
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,898
    $725 is the base fee... BMWFS allows dealers to mark it up by $200 (Dealer keeps 70%, BMWFS gets the rest..)

    Moderator - Prices Paid, Lease Questions, SUVs

  • apdspiderapdspider Posts: 20
    What is the RV and MF for a 2011 Convert MSRP $28000? What should I expect my payments to be? I was given by the dealer $3K down (includes some Cap cost ded...not much) and a payment of $499 plus tax.

    Thanks
  • prgcoopsprgcoops Posts: 1
    Car Man,

    Can you tell me the June money factor and residual value or a Clubman S, 36 month, 15k

    Thank you
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings apdspider. Mini's June buy rate lease money factor and residual value for a 36 month lease of a base 2011 Mini Cooper Convertible with 15,000 miles per year are .00180 and 53%.

    This car's payment will depend upon what its selling price is. At full MSRP, you're looking at a zero down, pre-tax monthly payment of around $443. A $500 discount would lower the payment to $428. A $1,000 discount to $414.

    Something's clearly wrong with the payment that you were quoted.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go prgcoops. Mini's June buy rate lease money factor and residual value for a 36 month lease of a 2011 Clubman S with 15,000 miles per year are .00170 and 62%, respectively for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hey Car Man & Kyfdx!

    July is here - and i can't wait to hear if there are any promotions announced for Mini Cooper S Convertibles?!!

    Also, do you know what the current Buy Rate money factor is?

    I am looking to lease an Ice Blue Mini Cooper S Convertible with a black top. Upgrades I'm looking for are: polar beige leather interior, convenience package, premium package, automatic transmission.

    What do you think my odds are for finding this on the lot somewhere?? I would love to get it now rather than custom order and wait 3 months (my car is on the verge of dying, so that is why).

    Finally - where can I find a current (and accurate!) invoice price?

    Thank you SO VERY MUCH in advance - I am thrilled to finally be taking steps to getting my DREAM CAR - and i just want to make sure i'm doing it right!! :o)
  • Can you tell me the July residual and money factor for a 2011 Hardtop S with 15,000 miles, 36 months.

    Thanks!
  • hey car man! HELP!!!!

    i've been told i cannot order a 2011 convertible mini with auto tran - and that i HAVE to order a 2012. i want to put in a lease order, but nobody has Money Factor numbers they can offer me officially - can you post here if you find out the MFS base rate money factor for the new 2012 convertible S cooper? thanks so much!!!
  • vc_bklynvc_bklyn Posts: 1
    Hello Car Man,

    Is there any info yet on money factor and residual for 2012 models? Looking to lease a new Clubman w/ auto for 36 mo 12K/ year
    Thanks!
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