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MINI Cooper Lease Questions

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Comments

  • Hi Matt

    Did you pick up your Mini already ?
    Any info on the residual/money factor for a 2012 mini hardtop.

    thnx
  • Yes - I picked up my Mini yesterday. The rates are VERY favorable right now for the base hardtop. For a 10K mile lease, the residual is .68 and the money factor is .00170. In addition, Mini is giving $500 cash back right now. My car was fully loaded (MSRP $27,500), and I was able to negotiate the price down to $26,350 not including the cash back (which is still about $1100 over invoice but that seems to be typical if you have to custom order a car - I couldn't get it lower at any other dealer). My monthly payments were $279/month with $0 down. Ironic, because my last 2009 hardtop was MSRP of $26,000, and with $0 down, the monthly payment was $312 - but that lease was underwritten during the credit crunch in summer of 2008, so I paid dearly for that....

    Hope this helps. If you're interested in higher mileage leases, 12K is .67 residual, and I believe 15K is .66

    These rates also do not apply for the S model - which I believe has significantly lower lease residuals.
  • Congratulations on the new car and thank you for posting the info.

    I tried putting the numbers that you gave me for a 2012 hardtop for 36 month lease but it showed me a monthly payment of 331$ (unless i am doing something wrong) . Also when I went to the dealer ship the guy there told me that " since mini is custom ordered there is no room for negotiation"...is that true ?

    I wanted tech package/w nav and for that i had to custom order it. but this is what he told me how much it would cost : the car was coming out to 24800/ its a automatic mini hardtop w/tech package and automatic ac.....he told me that after 3500 down my monthly installment would be 260 inc taxes.

    Any idea if what i am getting is a good deal or not and any suggestions on what i should be aiming for ?

    I thought that 2012 automatic mini hardtop with moonroof/automatic AC/ harmon sound system was going for 199 ?

    i am really confused...any help would be really appreciated....

    thanks a lot !!
  • I was wondering if someone could let me know if this is a good deal.
    2012 mini cooper hardtop msrp at 27050.
    dealer quoted a MF of .0025 and residual at 68%.
    monthly payment of 322 including taxes with 2800 as down payment for 10,000 miles.

    any suggestions ?
  • Doesn't sound like a good deal to me...

    I ordered my mini (and to the comment above there was room for negotiation, just not a lot). I'm picking it up in two days. I got a hardtop, sunroof, heated seats, blue tooth option and manual trans. total monthly is $299. Thats 65 percent residual for 15,000 miles.
  • could you also let me know what was the MF factor quoted to you. i think .0025 is ver high, but thats what they told me.
    ALso what was the msrp of the car that you ordered and did u do any down payment ?

    I am kinda bummed after todays meeting.......went there all excited and now all dissapointed.
  • Thanks mini2012!

    I went to several dealerships and, I am used to getting within 1% of invoice on other makes (Nissan, Infiniti, Lexus, etc.), but with a custom mini, the lowest I could get was 7% over invoice. My Car was $27500 MSRP and I had about a $26500 purchase price.

    Also, if you're using the online calculator it's not accurate. I had to build my own spreadsheet model. It was off by about $5 or so from the actual mini calculations (which I'm assuming is because their money factor and residual are more than a few decimal places). In any case, it's close enough. The dealers from what I've heard have the ability to mark up the money factor, but Mini does set the base rate (i think the max they can mark up is .0004).

    Hope this helps....
  • Hey guys wanted an opinion on this lease offer....
    Msrp of the car : 23450
    selling price negotiated to 22700
    down payment of 2676 + 500$ rebate offered by BMW leasing (no security deposit)
    dealer fee- 149 + 950 lease acquisition fee
    residual - 68%
    MF- .00225
    I was quoted 216 inc taxes (taxes are 3%) for a 36 months/10,000 miles.

    Thnx guys !
  • Hi everyone and Car_man

    I'd be much appreciated if anyone got an info on JCW coupe's lease info. residual value, money factor, etc on 2012 36 months 12k miles. I have an excellent credit.

    thanks to all in advance.
  • Hiya, Car_man!

    Could you please supply me with BMW Financial's November buy rate lease money factor and residual percentage for a 36-month lease of a 2012 MINI Cooper S Convertible with 12,000 miles per year?

    ... Cuz that'd be super.
  • jandmjandm Posts: 2
    Can you please provide the money factor and residual value for a 2012 Mini Countryman S All 4, with all packages other than sport?

    The lease will be for 36 months and 12 miles.

    Thank you

    jandm
  • Hi Car_Man,

    Would you be able to let me know the MINI Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 Mini Cooper S Hardtop with 15,000 miles per year for the month of December? I would greatly appreciate it. Thank you again!
  • I'd be happy to help you out bimmerfan11. MINI Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2012 Cooper S Hardtop with 15,000 miles per year are .00180 and 53%, respectively for consumers who qualify for its top credit tier.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi car_man

    I am planning to pick up my mini on saturday. Please tell me what would be a fair monthly payment, residual and money factor for a 18 months lease, 15k miles, $39000 coupe.

    thanks in advance

    -mastkis
  • Dear Car_Man,

    Would you be able to let me know the MINI Financial Services' money factor and residual value for a 36 month lease for the 2012 Mini Cooper Hardtop Base with 10,000 miles per year for January? Thanks for your help! I really appreciate it!
  • No problem fianllyready. Mini's January buy rate lease money factor and residual value for a 36-month lease of a 2012 Cooper Hardtop Base with 10,000 miles per year are .00150 and 69%, respectively for consumers who qualify for its top credit tier. Man that's one heck of a residual value. No wonder this makes such a good car to lease.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Car_Man,

    Do you have MF and Res available for Countryman on 36 months lease 15k/yr?

    Thank you in advance
  • Hi all,

    I am getting close to signing on the dotted line on a 2012 MINI Hardtop Base with as MSRP of $29,000.

    The dealer quoted me for a 36 month lease:
    Down Payment: $3,000
    Residual Value of 69%;
    MF of .0017; and
    Monthly payment of $270 + tax

    I couldn't really follow the capital cost calculation, so I am not at a bit of a lost at what the purchase price for the car actually was.

    Any suggestions on how to back out the calculation to purchase price? Advice on whether this is a good deal?

    Greatly appreciate your help.
  • hd8hd8 Posts: 1
    car_man: can you tell me if Mini's January terms for a 2012 Cooper Hardtop S are the same as a 2012 Cooper Hardtop?
  • adc2adc2 Posts: 1
    Hello Car_Man,

    We are currently deciding on options and packages and need a helping hand...

    Would you be able to let me know the MINI Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 Mini Countryman Cooper S All4 with 10,000 miles per year for the month of February? Assuming top credit rating in the Mid-Atlantic (Washington DC) area...

    I would greatly appreciate it. Thank you for your help!
This discussion has been closed.