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MINI Cooper Lease Questions

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  • I visited Alexlandar Mini at LA today.

    for a 2011 mini cooper S hardtop w/ premium pkg + sport pkg + ipod + carbon black line + metallatic gray + piano black interior for MSRP 28200, invoice is 25500, we agree on 26000,

    November Money factor for 2011 hardtop mini coper S as i was told is 0.0025, residual is 65% for 10k on 36 mo lease. 64% for 12k on 36 mo lease.

    they told me 806 downpay w. monthly payment is 372.

    but i use lease guide it tells me 312 per month.

    who is correct?
  • Hi midnightblue. Ahhhh the Countryman. Mini just introduced its lease program for it the other day. Its November buy rate lease money factor and residual value for a 36 month lease of a 2011 Cooper S Countryman All4 with 12,000 miles per year are .00230 and 61%, respectively for consumers who qualify for its top credit tier.

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

    Car_man
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  • Greetings wenteng. Mini's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper Convertible with 12,000 miles per year are .00180 and 54%, respectively.

    The numbers for an otherwise identical 2011 Mini Cooper S Convertible are .00180 and 54%.

    The residual values for leases with only 10,000 miles per year are 1% higher.

    Car_man
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  • nealitnealit Posts: 11
    edited November 2010
    Hi, CarMan,
    May I also know the buy rate lease money factor and residual value for a 36month lease of 2011 Mini Cooper S Hardtop on 10k/year and 12k/year?
  • Hi Carman,
    Can you let me know the current lease rates for the clubman S? Thanks!
  • Hi Car_man, wondering if you can advise me on whether this is a good lease deal or not????

    2010 Mini Cooper Convertible w/Sport Package
    MSRP $27800
    Selling Price $21800
    51% residual, Money Factor 0.00205
    $2000 due at signing (includes 1st month and DMV)
    10k miles per year
    $277+tax= $302/mth

    Thanks!
  • Sorry missed a key piece of information...36 month lease in CA.

    2010 Mini Cooper Convertible w/Sport Package
    MSRP $27800
    Selling Price $21800
    51% residual, Money Factor 0.00205
    $2000 due at signing (includes 1st month and DMV)
    10k miles per year
    $277+tax= $302/mth

    What do you think?
  • Thank you very much Car_Man! When do you expect December data to become available? Delivery is possible late December.
  • I was just quoted the following in Northern California for the 2011 Clubman with Automatic, Bluetooth / Ipod, Rear parking assist, Center Arm Rest, Premium Package. Claims he can drop about $400 off the MSRP if I get serious about buying.

    MSRP - $26,050
    Cash Down - $3081
    36 months
    10K miles per year
    Residential - $17,974
    Payment - $259.08 + tax
    MF appears to be about .0025

    Is this the best MF and what is the best deal I should be able to secure?

    THX
  • Hi,
    Do you have lease info for the Countryman Cooper S and regular Countryman Cooper?
    Thanks
  • Hi nealit. Mini's November buy rate lease money factor and residual value for a 2011 Cooper S Hardtop with 12,000 miles per year are .00170 and 56%, respectively.

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

    Car_man
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  • Here you go, jpacgp. You never mentioned how long you want to lease for or what mileage allowance you need, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

    Mini's November 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 .00160 and 55%, respectively.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi memoryman1978. That money factor looks about right and that selling price is very low. This looks like a pretty good deal to me.

    Car_man
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  • You're very welcome, midnightblue. Mini's current programs are scheduled to run through November 30th. I expect the new December programs to be available early in that month.

    Car_man
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  • Hi gb1663. The money factor that you were quoted looks a little high. Mini's current buy rate for this model is only .00160 for consumers who qualify for its top credit tier. Try to get the dealer to use that factor to calculate your car's payment.

    A $400 discount off of MSRP and a marked up money factor isn't anything to write home about. I personally would consider shopping around if I was given this offer.

    Car_man
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  • Hi gugy68. As one would expect, Mini is not providing any lease support on the Countryman yet. As a result, if you were to lease one through its captive finance company right now, you would have to use its standard money factor. I believe that this may vary some by region, but the last time that I saw it it was around .00230 for consumers who qualify for its top credit tier.

    Mini's 36 month, 15,000 mile per year residual value for a base Countryman is currently 61%.

    The residual for an otherwise identical lease of a Countryman S is 59%.

    Car_man
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  • Car_man,

    Thanks for the validation..I have seen quite the range in discount off of MSRP / premium above Invoice. What would you consider the appropriate amount off of MSRP for the 2011 Clubman?

    I really appreciate the advice.
  • thanks Car man,
    for a 12,000 lease (36mnth) I was quoted 67% and a mf of .0020. It sounds like they are marking it up, and he also said there was a markup. Sounds like I have to keep shopping. Will let you know if I get something different.
  • Doesn't sound like much of a mark up at that MF. It would mean they are marking it up .00005

    Doesn't sound like much of a mark up,
  • so you can get it down to .00195, sounds like they are rolling the acq fee into the MF, thats how they are getting the MF, I think
  • I would appreciative if you could post the lease rates (residual & money factor) for 2011 Mini Cooper S Countryman with 15k miles per year at 36 months.
    thanks in advance,
    Mike
  • You're very welcome, gb1663. I really am not intimately familiar with what the market is like for the Clubman right now. If I was interested in leasing one right now, I personally would shoot for a selling price of $500 to $1,000 over invoice and see what happens.

    Car_man
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  • Hello Mike. Mini's November buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper Countryman S with 15,000 miles per year are .00160 and 55%, respectively for consumers who qualify for its top credit tier.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Can you please share 24 month rate info for a lease. Also any advice on pricing. Southwest florida thanks carman
  • Hey obiwan1. I was just watching a Star Wars marathon with my son yesterday.

    To the best of my knowledge, Mini is not currently providing support on 24 month leases. If I am not mistaken, its special money factors are currently only available for 36-month terms.

    Car_man
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  • tromptromp Posts: 2
    I live in Orlando and I'm thinking about leasing a basic 2001 Cooper S. It has a sticker price of $24,200. I'm thinking a 36 month - 12K type lease with as little as possible down. What do you guys think the best possible lease rate could be on this?

    Thanks for your help on this. I'm trying to get it for about $300 +/- a month. Is that possible?">link title
  • tromptromp Posts: 2
    Bump :confuse:
  • scott31scott31 Posts: 280
    edited December 2010
    I'm very surprised that people are willing to pay a $925 acq fee to lease a Mini. I find that outrageous. If you roll it into the payment on a 3 year lease, that adds about $30 a month to your monthly payment. Crazy!

    I normally lease my cars, but when I got my Mini I financed it (via HELOC) because I refuse to pay that high fee.
  • kyfdxkyfdx Posts: 31,076
    The base fee to lease a MINI is $725.. Dealers are permitted to mark up the fee by $200.

    Almost every bank charges an acquisition fee... About the lowest that I see is $595... Unfortunately, you can't lease a car without paying it..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Hi Car_man,

    Has MINI released the December lease rates for 2011 MINI Cooper S Countryman All4, 36 mos, 10K miles per year? Also for 12K miles.

    Thanks in advance.
This discussion has been closed.