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MINI Cooper Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi prabsri. The money factor that you were quoted is too high. Mini's current buy rate lease money factor for this model is only .00145. Try not to let the dealer mark your car's factor up if possible.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mandakism. I don't really have a problem with the $1,900 discount. Just make sure that the dealer uses Mini's buy rate lease money factor of .00145 to calculate your payment.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi franklingt3. The residual value that you were quoted is correct, but the money factor is way too high. Mini Financial's current buy rate for a 2012 Countryman is .00140.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome einbayer. Mini Financial's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Cooper Convertible with 12,000 miles per year are .00145 and 56%, respectively for consumers who qualify for its top credit tier.

    The numbers for the '12 Convertible S are .00145 and 57%.

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go zonian22. Mini Financial's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Mini Countryman S with 12,000 miles per year are .00140 and 58%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi czar4. Surprisingly the dealer is not attempting to mark your vehicle's money factor up on you. .00135 is the current buy rate for this model.

    Having said that, this vehicle probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. A discount of $1,000 is nothing to write home about, but I'm not familiar with what the market for this model is like in your area. $2,000 over invoice is enough that it wouldn't hurt to comparison shop if there's another Mini dealer in your area.

    Car_man
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  • Hi car man can you please post residual and money factor for a 2012 and 2013 cooper hard top with 12k annual miles. I don't know if the 2013's are at dealerships at this point. Thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Certainly propkapt. Mini's August buy rate lease money factor and residual value for a 36-month lease of a 2012 Cooper Hard Top with 12,000 miles per year are .00145 and 66%, respectively for consumers who qualify for its top credit tiers.

    I haven't seen any information about the 2013 model, so I doubt that it's available yet.

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  • Does this money factor apply to the Countryman S? I was leaning towards the ALL4 because of the $0 lease promo at 38 months - I have located an S with a retain price of $29,900 minus a $1,000 discount -

    Curious as to the monthly payment I should expect.
  • Just got some residuals from a Philadelphia area Mini dealership for a Cooper Hardtop Auto with 15k miles.

    They quoted me 64%, 56%, and 41% for 36, 39, and 42 months for the 2012s.

    The 2013s were 58%, 50%, and 44% for 36, 39, and 42 months.

    Seems odd that the residuals for the 12s are generally higher. Maybe Mini has opted to inflate them instead of providing lease cash.
  • cjs6cjs6 Posts: 1
    Hi car_man,

    Can you please tell me the current money factor and residual value for a 36-month lease of the 2012 Countryman S with 15,000 miles per year?

    My dealer quoted me 0.00145 (3.48%) and a residual of 56%. The vehicle's MSRP is $31,250 and I was quoted $475/month with only paying the first month's payment at signing. That feels very high to me, although we have yet to negotiate the price. I have top-tier credit.

    Thanks for your help!
  • swerv23swerv23 Posts: 1
    I am in the market to buy a 2012 Mini Cooper S that has a lot of bells and whistles.

    MSRP: $31,000.00
    SP: $30,000.00

    Asking for $4,500.00 down and $400.00/month payment. I think this is ridiculous and way too high. Not sure of the money factor they are using and residual.

    What is the current money factor and residual for 2012 Mini Cooper S?

    I have a credit score of 740, but because my company I have worked for has always supplied me with a car I have never bought a car. BMW is considering me a first time buyer. I have perfect credit but no installment loans on my credit. They are putting me as a second tier credit, which is crazy because I have an AMEX card that I use for business and payoff $3,000.00 every month for the past 15 years.

    Help, please. Do you know how much they jack up the money factor for second tier credit? I have asked the dealer to go back to BMW Financial and show them whatever they need to consider me for first tier credit. I have no black marks on my credit and make plenty of money to qualify.

    Your thoughts?
  • dtbestdtbest Posts: 1
    Looking for some help finding out the August residual and money factor numbers for a 2013 John Cooper Works 2 seater Mini Coupe in the Albany, New York area.

    Are the September numbers available?

    Also, does the trim level (base, S, JCW) have an impact on the residual or MF?

    Thanks for your help.
  • Hi Swerv,

    While I can't comment on the residual, I can say that the deal they are offering you is a bit off.

    My S crested the $30K mark and I got out of there with only first payment down, $435 a month for 36 months at 15K miles a year. I did heavy negotiation on the cost though.
  • Hi car_man,

    Can you please tell me the Sept money factor and residual value for a 36-month lease of the 2012 and 2013 Cooper HT with 10,000 miles per year? I assume its the same for the S model?

    Thank you~
  • Absolutely jjspamcan. Mini's September buy rate lease money factor and residual value for a 36-month lease of a 2012 Mini Cooper Hardtop with 10,000 miles per year are .00140 and 67%, respectively for consumers who qualify for its top credit tier.

    The numbers for an otherwise identical lease of a 2012 Mini Cooper Hardtop S are .00140 and 63%.

    I haven't seen any info on the 2013 models yet.

    Car_man
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  • Hi car_man,

    Can you please post the september residuals and money factors on a 2012 cooper convertible base for a 36 mo. lease, 10k miles/year? I am looking to purchase in the next few days and would appreciate the information during my search. Thanks!
  • Hi lala711. Mini's September buy rate lease money factor and residual value for a 36-month lease of a 2012 Cooper Convertible Base with 10,000 miles per year are .00140 and 57%, respectively for consumers who qualify for its top credit tier.

    Car_man
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  • Hi Car Man,

    Quick question for you, I am looking at a 2013 Mini Cooper HT with Premium Package lease and 12,000 Miles a year. I am trying to find out the Money Factor and Residual percentage offered to someone with 850+ credit rating. (I could also use the Money Factor and Residual for the "S" 2013 version as well)

    Additionally, can you advise on what the real cost of the above mentioned car (non S) with an MSRP of 23,500? I am trying to find out what a fair price would be to base the leasing negotiation off of and get a car leased this week.

    Any help would be GREATLY appreciated.

    Thank you
  • Could someone please post the lease money factor and residual for September on the following:

    2012 Mini Cooper S hatch
    2013 Mini Cooper S hatch

    2012 Mini Cooper S Convertible
    2013 Mini Cooper S Convertible

    Thank you very much.
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