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MINI Cooper Lease Questions

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  • jarobackjaroback Posts: 1
    Hi Carman,
    I would like to know the MF and residual on a 2013 Mini Cooper for 36 months / 15K miles. Thank you!
  • dk512dk512 Posts: 4
    Hello again Car_man. I forgot to include the details of 36 month least with 12k miles. Thank you again.
  • speck37speck37 Posts: 4
    Hi Carman - can you give me the money factor and residual for a Mini Cooper S convertible with 15000 miles per year / 3 year lease? I was told 55% / .002210 y the dealer but that seems very different from the March rate. Does Mini have a competitive 2 year lease rate as well? Thanks for all of your help! You're a great resource!
  • sarsharssarshars Posts: 1
    I would like to know the residual value and money factor, top tier credit, for a 2013 Mini Clubman. 36 month. 10k miles/year. thank you so much!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    edited April 2013
    Thanks dk512 :).

    Mini's current buy rate lease money factor and residual value for a 36-month lease of a 2013 Mini Cooper S Hardtop with 12,000 miles per year are .00155 and 62% for consumers who qualify for its top credit tier.

    The only loyalty incentive that I am aware of is Mini will waive the first month's payment on leases for loyal customers. It is already waiving the first month's payment on leases of this car for everyone, so that makes two months worth for loyal customers.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jaroback. Mini's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Mini Cooper Hardtop with 15,000 miles per year are .00160 and 63% for consumers who qualify for its top credit tier.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Sure speck37. Mini's April buy rate lease money factor and residual value for a 36-month lease of a 2013 Cooper S Convertible with 15,000 miles per year are .00165 and 55% for consumers who qualify for its top credit tier.

    I think that Mini's pushing 3-year leases right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi sarshars. Mini Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2013 Clubman with 10,000 miles per year are .00165 and 60% for consumers who qualify for its top credit tier.

    Keep in mind that Mini is waiving the first month's payment for all customers who lease a Clubman this month. That waiver grows to two payments for loyal customers.

    Car_man
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  • jccsjccs Posts: 2
    Hi Car_man:

    Ill be leasing a 2013 Mini Cooper manual transmission in the next 2weeks.
    I have a couple of questions.
    Could you tell me what the M-Factor and Res Value would be in a 10K, 36/M lease?
    Would it change a lot if I do it for 24/M? Also I'm borderline in tier 2, could you quote
    me for tier 2 as well? (I just purchased some cruise tix for my parents and that caused to almost max out my cc. I already paid it off but I have to wait till it gets updated to the credit bureaus, that unfortunately caused my FICO to drop 18pts!
    Do you have any idea what the lease specials be for May?

    Thanks and sorry for the million questions.
  • dk512dk512 Posts: 4
    Thank you Car_man. I was able to get exactly that deal and signed for it last week. I really appreciate your help. :D
  • mvelosomveloso Posts: 9
    Hi Car_man,

    what are the #s for May for the Mini Convertible, 36 month lease @12k and 10K miles?

    Thanks!
  • speck37speck37 Posts: 4
    Can you also let us know the May numbers for Mini Cooper S Convertibles at 15,000 miles per year? Also, do you have any insights on the incentives for May? It looks like they might have replaced the 0 to motor lease with 500 credit for upgrades?
  • I've never lease a car before, and I am currently negotiating a lease on a 2013 MINI Countryman. The advertised rate is $245/mo based on $23,000 MSRP. I've gotten the price down on this one (heavily optioned) to $24,800. That $1,800 difference, apparently, bumps the payments up to $273/month for 10K miles or $280 for 12K miles (with advertised cash due at signing). Does that sound right? Can you tell me the actual money factor and residual for this lease?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi jccs. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Cooper Hardtop with 10,000 miles per year are .00125 and I believe 66% for consumers who qualify for its top credit tier.

    I think that Mini is only providing support on 36-month leases right now, so it probably doesn't make sense to go with a 24-month lease at this time.

    I haven't seen the factors for other tiers, but I can look into it.

    Wow, you bought your parents a cruise? That was really nice :).

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome. Enjoy your new ride :shades: !

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go mveloso. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Mini Cooper Convertible with 12,000 miles per year are .00125 and 57% for consumers who qualify for its top credit tiers.

    The residual value for a lease with 10,000 miles per year would be 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Certainly speck37. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Cooper S Convertible with 15,000 miles per year are .00125 and 55% for consumers who qualify for its top credit tiers.

    You're absolutely right. The lease payment waiver that Mini was providing on this car was replaced with the $500 You-ification credit, which is now compatible with leases.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi fancybritches. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Countryman with 12,000 miles per year are .00125 and 58% for consumers who qualify for its top credit tier.

    Car_man
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  • jccsjccs Posts: 2
    Thank you Carman, my credit score still hasn't updated. It would be fantastic if you could provide me with Tier 2 figures. Thanks a lot
  • Great info guys.....Curious what the Money Factor and Residual Value would be for a 2013 Mini S Clubman for 12k and 15K would be?

    Thanks a ton, been doing a bunch of research and glad I stumbled on this thread.

    RRR
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