Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





MINI Cooper Lease Questions

1235727

Comments

  • ttangbeettangbee Posts: 11
    Hi bijoubaby05,

    Would you mind telling me which dealer in socal you got this price and more details on your options? Thanks.

    ttangbee
  • Do you have the latest rates for the Mini Cooper and Mini Cooper S (both convertibles) for 24 and 36 months/ 12,000 miles.

    Thanks.
  • ejs0614ejs0614 Posts: 8
    Hi Carman,

    Do you have the latest lease numbers for a 24 month lease on a clubman s?
    I am located in central Florida, and trying to weigh the options of buying outright or just leasing for 2 years...

    I used the March data: (27,700 msrp & cap cost, .00219mf and .71 res on a 24 term...came out to about 438+tax...close? Hopefully the mf has come down to .00210 or better...

    Thanks!
  • itaddictitaddict Posts: 15
    Dude,

    where can i get that lease from ? the 1 year lease? awsome - please let me know - i'm in central NJ. fawad@comcast.net or itaddict@aol.com - Thanks
  • sharmabmwsharmabmw Posts: 45
    In Southern Calif, I was just quoted the following finance on a 24 mos, 15,000/yr lease: 73% residual value and .00250 MF. He wouldn't tell me what the base BMWFS MF was. Does the mod know?

    thanks.
  • riffster90riffster90 Posts: 6
    Ok so thinking about buying or leasing a mini. What i have come to find out is that Mini offers more than these two options tho, for example there "mini select" program. I was wondering what u owners suggest, buying or leasing? Or if anyone has used any of there other financial services, and what they like or dont like about them :confuse: .
  • davezz1davezz1 Posts: 5
    Hi Car_Man or anyone else - Im trying to lease a Mini Cooper S Hardtop in Los Angeles. Id appreciate it if you could let me know the money factors and residuals for a 12K/3 year and 12K/4 year lease.

    Thanks in advance,
    Mani
  • marczmarcz Posts: 17
    I am looking at leasing either a Clubman or Clubman S in Northern California.

    First question: does anyone have the residuals and money factors for a 3-year and a 4-year lease with 10,000 miles per year?

    Second question: does anyone know if any dealers are taking orders for these cars at MSRP or less? We have been told that there is a markup of $1500-2000 over MSRP.

    Thanks for your help!
  • riffster90riffster90 Posts: 6
    If u go on miniusa.com and build ur clubman however u want u can estimate ur monthly payment there.

    second, mini is like a no haggle dealership i dont think u can get them below msrp :cry:

    but u should go on the site where u can get a rough estimate of a monthly payment, u also can locate where ur closest mini dealer is to u
  • sharmabmwsharmabmw Posts: 45
    I wouldn't trust the finance/lease numbers on the miniusa website. It's inherently going to be marked up. Once you learn the base MF, RV, it will allow you to negotiate better. I think you're correct about little haggling at mini dealers. In SoCal, there are definitely msrp-straight dealers. I am unaware of anyone right now going below msrp.
  • blueguydotcomblueguydotcom Posts: 6,257
    Exactly what you said.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi siteexperts1. The current residual value for a 24 month lease of a 2008 Mini Cooper with 12,000 miles per year is a whopping 79%. The residual value for an otherwise identical 36 month lease is 68%. Mini is not currently providing any lease support on any models, so if you want to lease one of these cars through its captive finance company, you will have to use its standard lease money factors. Its standard factors vary by region, but they should be around .00200 to .00250.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hello ejs0614. The current residual value for a 24 month lease of a 2008 Mini Cooper Clubman S with 15,000 miles per year is a 73%. If you were to lease one with only 12,000 miles per year, its residual value would be 2% higher than that. Mini is not currently providing any lease support on any models, so if you want to lease one of these cars through its captive finance company, you will have to use its standard lease money factors. Its standard factors vary by region, but they should be around .00200 to .00250.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Mani. The current residual value for a 36 month lease of a 2008 Mini Cooper S with 12,000 miles per year is 63%. The residual value for an otherwise identical 48 month lease is 52%. Mini is not currently providing any lease support on any models, so if you want to lease one of these cars through its captive finance company, you will have to use its standard lease money factors. Its standard factors vary by region, but they should be around .00200 to .00250.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • ejs0614ejs0614 Posts: 8
    Much appreciated Car_man!

    I ended up purchasing - with these residuals, it is hard not to feel good about resale value - especially given their track record so far...Much appreciated for all the good info shared here by all.

    Thank you!
  • feliciatwofeliciatwo Posts: 68
    why don't you guys look at the Edmunds Lease / rebate secton....they post the deals as they come available.
    I'm waiting till closr t
  • feliciatwofeliciatwo Posts: 68
    why don't you guys look at the Edmunds Lease / rebate secton....they post the deals as they come available.
    I'm waiting till closer to the 09 models whenever that is.
    Christmas eve (or thereabouts) is the BEST time for any negociation ...except that the VW Tiguan (biodiesel) Suv comes out then and I'd rather have a fuel that I can make myself for $1.50 "if i have to". Mini cooper $5.00 Premium fuel makes it a "no go show boat" Cute it's mpg doesn't live up to its premium gas price.
  • blueguydotcomblueguydotcom Posts: 6,257
    ? There's a negligible difference in price between regular and premium fuel. Seriously, do the math on your average miles v. combined MPGs and multiple that by the cost of regular and premium. Odds are good the gap is a lousy $150 a year.

    The regular v. premium argument is inane at best.
  • waterflamewaterflame Posts: 22
    True. No argument there. But is there anything to be gained by using Premium as opposed to Regular. The on-board computer will adjust the engine timing to compensate for lower octane and make sure that knocking doesn't occur for regular driving. I'm guessing Premium is necessary only if you're planning to really push your car on race track like conditions?
  • polyvwpolyvw Posts: 18
    Hey,

    Can anyone let me know the MF and Residual for a 36 month/ 15k per year lease on a Cooper S Coupe Manual Tranny

    Thanks a million!
  • umpalumpaumpalumpa Posts: 2
    yesterday i stopped in there and they were telling me on on the clubman - which they were all out of btw - they were seeing no money down leases in the $600 range! that is crazy for a car w/ such high residuals and relatively low price. so they are definitely messing around with the money factor...oh and the $3000 markup hurts too! people are buying them, so i guess they can do what they want.

    Question: will leasing through a service like leasecompare or carsdirect eliminate the markup that most dealers are charging?
  • blueguydotcomblueguydotcom Posts: 6,257
    Like a purchase, you negotiate purchase price. as for leasing figures, check leasecompare.com as you might find a much cheaper lease rate on the clubman.
  • rojasam56rojasam56 Posts: 1
    Is there anyway to get the dealer to lower the money factor? Does credit score have anything to do with it?

    How can I confirm the expected value the the end of a leaseterm?
  • blueguydotcomblueguydotcom Posts: 6,257
    They will tell you the residual percentage. Multiply the percentage against the MSRP and that's the lease return value.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, ejs0614. Mini resale values are outstanding. Dealers can't get enough new models. Mini was a success already and the current high gas prices have increased demand for them even more. Enjoy your new ride :shades: .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi polyvw. The residual value for a 36 month lease of a 2008 Mini Cooper S Coupe with a manual transmission is 63%. Mini's money factors vary by region, but they should be in the .00200 to .00250 range.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • coasterguycoasterguy Posts: 25
    I am getting ready to trade in a my car for a 2008 Mini. I was thinking of leasing as I keep buying and never, ever pay off the car before I trade it in. They told me of the Mini Financial program of Owner's Choice. Anyone? Any input? Lease? Any thoughts? Thanks.
  • blueguydotcomblueguydotcom Posts: 6,257
    Don't trade in your car. They'll abuse you on resale value.

    Check Leasecompare for better lease rates than BMWFS offers. BMW does little to prop up the mini with leasing as it's such a cash cow. This is the exact opposite of leasing a BMW 3 series which gets tons of support from BMW.
  • Hi Car Man,

    Just receied a quote from Midwestern Auto Group in Columbus Oh on 2 and 3 year leases with 76% and 66% residuals respectively (10,000 mi/yr). Also the quote included a money factor of .00359 which seemed a little high. Payments were 348 and 359/mo with 3k down. Do you know what BMW's money factors are right now?
    Thanks,
    gman71
  • chenghchengh Posts: 9
    I went to MINI dealership in Mountain View of CA in February. We ordered a new MINI, base model/auto transmission, with a lease contract, 12k miles/year, 3 years. I choose to put down about 24XX so the monthly payment is about 260.xx. I lease it for my wife and she loves the car. These days we drive this car a lot because it is really a gas saver, 34 mpg with 70% highway. I think this is a good deal because February economy was soft and gas price was so as high as today yet. I believe these days people have to pay more to get a MINI out of the door because there are so much demand for small cars. And cost of steel and paint are going up rapidly. Inflation is here apparently.
This discussion has been closed.