Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
MINI Cooper Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
I would like to know the MF and residual on a 2013 Mini Cooper for 36 months / 15K miles. Thank you!
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I think that Mini's pushing 3-year leases right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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.
what are the #s for May for the Mini Convertible, 36 month lease @12k and 10K miles?
Thanks!
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with 10,000 miles per year would be 1% higher.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
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
Host
Prices Paid: Buying & Leasing Experiences Forum
Thanks a ton, been doing a bunch of research and glad I stumbled on this thread.
RRR
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with 12,000 miles per year are 2%.
There is a $500 cash incentive on leases of this car right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
You've helped me yremendously over the years and I thank you!
I am hoping you can send me residual value and money factors for both the clubman s and hardtop s for the 2013 model year, 15K/year and manual trans.
Thanks again!
Ry
I'm looking for the residual value and money factor for a base Mini Cooper Hardtop with automatic trasmission for 36 months and 10K miles per year.
Thanks!
This is my first lease and I've read the 10 tips guide (after visiting the dealership unfortunately). I'd like to get the real low-down on Mini before I move forward as I'm not getting favorable terms right now.
Looking for a 3 year, 15K mile lease in Texas. Current offers are an Owner's Choice discount of $750 and a recent grad discount of $500 for a total of $1250 sell price. Additionally the current offered residual is 58%.
I visited a dealership and have started a conversation with one of the sales guys but am not having a very good experience with him. He's made some very condescending comments towards me, some vulgar comments in general, and also claims that there is zero room for negotiating the sell price.
Is this true for leases? I've heard different stories that I need to get the sell price down and then negotiate the lease. And then I've also heard that Mini doesn't negotiate like traditional car dealers so there's little room for flexibility especially in leases (unless they're trying to push old models out and will give you some options at cost if the color you want isn't available etc.)
Would like some answers:
1. Can you negotiate in a lease? If so, what items? Sell price or options or both?
2. Should I go in implying I'll buy the car and get the sell price down, and then at the end request to lease at the lower sell price?
Thanks!
Mini Financial Services' June buy rate lease money factor and residual value for 36-month lease of a 2013 Mini Cooper Clubman S with 15,000 miles per year are .00125 and 60% for consumers who qualify our top credit tiers.
The numbers for an otherwise identical lease of a 2013 Hardtop S are interestingly exactly the same.
There's a $500 cash incentive on the Clubman S, but nothing that I'm aware of on the Hardtop.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm not a big fan of lying in life or negotiations. If I wanted to get a new Mini I would just flat out tell the dealer that I'm going to lease and that I want to negotiate the selling price, just as if I was purchasing it.
By the way, it sounds like this is not a great dealership. If there's another Mini dealer in your area you may want to try dealing with them instead.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Many thanks!
EDIT: Just noticed that MINI's lease program runs from the beginning of May 'til the beginning of July. The numbers would still be 57% and 0.00125? Thanks again.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
There is $1,000 cash incentive on leases of this car.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
We are looking at 10k on the mileage, so one last question, what would the residual be based upon 10k vs. the 15k you mentioned above?
Thank!!
Rock on.
EDIT: If
0% = 15k, then
2% = 12k, and
3% = 10k.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Also, I am new to leasing so can someone tell me how knowing the RV and money factor helps you in determining your leasing cost. We have received several quotes from dealers telling us our total cost (downpayment + monthly payment + taxes/fees + destination charges etc...) but its hard for me to tell how good of a deal i'm getting.
Thanks!
There is a very good thread on top 10 leasing answers on edmunds somewhere. You should find it as it gives you some good info.
If you do decide on the mini I think you will be very happy. We are on our second one as of this past weekend and just love the brand and their cars
The acquisition fee is set by the bank or leasing company, MINI, not the dealer. Why would you pay more than the actual acquisition fee required by the leasing company? How can a $200 dealer addition to that fee not be negotiable?
And what is a boutique dealer? What were the benefits of buying from this boutique dealer over a more traditional dealer?
Seems in the end the dealer allowed $1,000 off MSRP but recovered that so-called discount and a bit more via the higher MF and increased acquisition fee.
We definitely wanted to take advantage of the 2013 lease incentives ($1000 off MSRP from MINI), but trying to find a Roadster S equipped the way we wanted it was very difficult. We ended up 250+ miles from home to find one that was a perfect fit for what we wanted. If we didn't get this one, the next closest one again equipped like we wanted it was over 500 miles away. We looked into a transport to get it to us, but that was even more hassle.
MF - yes this is negotiable, and we definitely tried to get it down to the .00125 that is noted in this forum. Same thing with the acquisition fee. When we pressed the dealer their answer was that these are the #'s that they charge, and that each dealer does not have to use MINI's #'s. FYI - i was also quoted .002 from another MINI dealer a few months ago when it was 0.00125 also.
I knew that we had the extra $1000 off MSRP in addition to the incentive, and that the increased MF and acquisition fee were probably built in by the dealer due to this. The residual value was based upon the original MSRP though, so by taking all of this into account the we still ended up approx. $650 ahead.
The boutique comment was used by the dealership - it was meant more of the brand than the dealer. As you know MINI has a definite following of consumers, and we are definitely in that following. We really do like their product and have been quite happy with our experience with the brand. We have found that in working with dealers around the midwest that all of them are pretty straight forward to work with also. Just a good overall experience.
MINI is known for selling pretty much at MSRP, or at least this is what i have found over the years so ending up a net of $1650 below MSRP with a 59% residual value on the lease was more than acceptable to us.
I'm looking to lease a 2013 Mini Cooper S Hatchback with 10,000 miles for 3 years in Southern California. Do you have the numbers for the mf, residual, and acquisition fee?
Also are there currently any incentives or rebates going on right now I should know about? I know April had a lot of good deals, and I'm afraid I've missed out on some opportunities.
Thanks!
Can anyone please let me know July's lease money factor and residual value for 12k/yr Mini Hardtop?
Thanks much,
Any thoughts would be great, thanks.
Thanks!
and, do you happen to know the August numbers too? Should I wait until Thursday? or jump in before?
Thanks in advance for your quick reply -- I appreciate the help!
Any word on the lease numbers for the 2013 JCW Countryman (12 and 15k)? I would really appreciate it.
and anything you know about diving in today/tomorrow v waiting till Thursday is also a great help - Thank in advance!