2017 MINI Cooper S Lease Questions

tachitup1tachitup1 Member Posts: 5
edited January 2017 in MINI
Are there any numbers available for February leases? Thank you.

Comments

  • MichaellMichaell Moderator Posts: 238,005
    tachitup1 said:

    Are there any numbers available for February leases? Thank you.

    New numbers likely to be released later this week.

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  • tachitup1tachitup1 Member Posts: 5
    Michaell said:

    tachitup1 said:

    Are there any numbers available for February leases? Thank you.

    New numbers likely to be released later this week.
    Thanks, Michaell. Could you let me know what a 36/10 6MT Cooper S would be when the numbers become available?
  • MichaellMichaell Moderator Posts: 238,005
    tachitup1 said:

    Michaell said:

    tachitup1 said:

    Are there any numbers available for February leases? Thank you.

    New numbers likely to be released later this week.
    Thanks, Michaell. Could you let me know what a 36/10 6MT Cooper S would be when the numbers become available?
    We didn't get the MINI numbers this month.

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  • cbrunson1cbrunson1 Member Posts: 30
    I asked my salesperson point-blank for the current residual and she deflected. I have to believe that MINI is actively training their people to keep the residuals private. Maybe MINI doesn't want to lease vehicles.
  • MichaellMichaell Moderator Posts: 238,005
    cbrunson1 said:

    I asked my salesperson point-blank for the current residual and she deflected. I have to believe that MINI is actively training their people to keep the residuals private. Maybe MINI doesn't want to lease vehicles.

    I don't understand the hesitancy to share the residual; those are set by the bank. The MF, however, can be marked up by the dealer.

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  • cbrunson1cbrunson1 Member Posts: 30
    I don't understand it either, but it sure seems like a concerted effort to me to not let the public know.
  • MichaellMichaell Moderator Posts: 238,005
    cbrunson1 said:

    I don't understand it either, but it sure seems like a concerted effort to me to not let the public know.

    Exactly - knowledge is power. The dealer wants to retain the knowledge, and therefore, the power, in the negotiations. See my comments in the other MINI thread for more insight.

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  • cbrunson1cbrunson1 Member Posts: 30
    I talked to my salesperson and told her that I got a residual of .61 on a loaded 2-door S Hardtop (the dealership has some 'lease offers' on their website and I found a vehicle fairly close and did the math). She said that sounds about right. Probably changes tomorrow with the new month.
  • MichaellMichaell Moderator Posts: 238,005
    cbrunson1 said:

    I talked to my salesperson and told her that I got a residual of .61 on a loaded 2-door S Hardtop (the dealership has some 'lease offers' on their website and I found a vehicle fairly close and did the math). She said that sounds about right. Probably changes tomorrow with the new month.

    Yes, new numbers are due tomorrow. Don't know if they'll be any different from February.

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  • cbrunson1cbrunson1 Member Posts: 30
    So we are shopping for a new S Hardtop. It rings up at 36,270 w/ destination. I’m pretty specific on what I want and the wife loves the stripped R56 that I bought for our youngest child. So this one will be a little more boogered-up for us old people. The dealer has offered a discount of 1,770 bringing it down to $34,500 but I think I need another $1k to make a deal. Also, and maybe this is just their standard offer, but they added the $300 paint protection package and a $700 ‘maintenance agreement.’ For a vehicle we will probably pick up at BMW in Spartanburg…. This is for a lease, so what maintenance is there? A couple of oil changes? So the True-Coat and Maintenance agreement have to go. There’s a $500 rebate for a particular senior group that my wife belongs to, and a MF reduction of about .5% available from the same outfit. They offered me a finance rate of 2.4% to purchase and a MF of .0021 to lease. So I’m thinking I will shoot for a MF of .0008 (our credit is good and the MF reduction mentioned above). My intention would be to not put any additional $$ down at delivery.
    MSRP 36,270 and a .61 residual
    Discount 2,750 if I can get another $1k
    Taxes 1,782.5
    Doc. Fee 150
    Licensing and fees 203
    Rebate 500

    The trade is the biggest variable, of course. I told them I would trade for $6k and think $5 wouldn’t be bad if KBB and NADA are correct.

    Anyone have any feedback?
  • MichaellMichaell Moderator Posts: 238,005
    cbrunson1 said:

    So we are shopping for a new S Hardtop. It rings up at 36,270 w/ destination. I’m pretty specific on what I want and the wife loves the stripped R56 that I bought for our youngest child. So this one will be a little more boogered-up for us old people. The dealer has offered a discount of 1,770 bringing it down to $34,500 but I think I need another $1k to make a deal. Also, and maybe this is just their standard offer, but they added the $300 paint protection package and a $700 ‘maintenance agreement.’ For a vehicle we will probably pick up at BMW in Spartanburg…. This is for a lease, so what maintenance is there? A couple of oil changes? So the True-Coat and Maintenance agreement have to go. There’s a $500 rebate for a particular senior group that my wife belongs to, and a MF reduction of about .5% available from the same outfit. They offered me a finance rate of 2.4% to purchase and a MF of .0021 to lease. So I’m thinking I will shoot for a MF of .0008 (our credit is good and the MF reduction mentioned above). My intention would be to not put any additional $$ down at delivery.
    MSRP 36,270 and a .61 residual
    Discount 2,750 if I can get another $1k
    Taxes 1,782.5
    Doc. Fee 150
    Licensing and fees 203
    Rebate 500

    The trade is the biggest variable, of course. I told them I would trade for $6k and think $5 wouldn’t be bad if KBB and NADA are correct.

    Anyone have any feedback?

    We don't have the MINI numbers for March, so we can't verify the MF.

    .00210 is a high MF - if MSDs are available, that would only bring the MF down to .00161. Corporate discount would deduct .00020 from the MF (at least, that what it does for BMW leases)

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  • cbrunson1cbrunson1 Member Posts: 30
    Yes that MF is higher than I plan to pay. That was before the credit app.
  • cbrunson1cbrunson1 Member Posts: 30
    Today I was told that my 800+ credit score was worth a .0021 MF and that was THE NUMBER from MFS. I said no thanks and that MFS apparently doesn't want to lease. The salesperson didn't disagree. So I will either take a break from shopping or purchase.
  • MichaellMichaell Moderator Posts: 238,005
    cbrunson1 said:

    Today I was told that my 800+ credit score was worth a .0021 MF and that was THE NUMBER from MFS. I said no thanks and that MFS apparently doesn't want to lease. The salesperson didn't disagree. So I will either take a break from shopping or purchase.

    Ouch.

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  • hljstpaul1hljstpaul1 Member Posts: 8
    Do you have April MF and RV for Hardtop S 36mos 12k in Minnesota?
  • MichaellMichaell Moderator Posts: 238,005

    Do you have April MF and RV for Hardtop S 36mos 12k in Minnesota?

    We haven't seen the MINI programs for April.

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  • kj416757kj416757 Member Posts: 1
    Hello-  any update on the current money factor and residual for a Cooper S/36 month lease? Thanks! 

    The money factor I was offered was 0.00186. 
  • MichaellMichaell Moderator Posts: 238,005
    kj416757 said:

    Hello-  any update on the current money factor and residual for a Cooper S/36 month lease? Thanks! 

    The money factor I was offered was 0.00186. 

    Base MF is .00146, this month. Your dealer has marked it up the maximum allowed.

    61% for 36/15

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  • starqstarstarqstar Member Posts: 1
    Hi - 

    Can you provide the current MF and RV for a 2017 Mini Cooper S convertible for a 36 mo lease and 7500 miles in Houston TX?

    appreciate it!
  • MichaellMichaell Moderator Posts: 238,005
    starqstar said:

    Hi - 

    Can you provide the current MF and RV for a 2017 Mini Cooper S convertible for a 36 mo lease and 7500 miles in Houston TX?

    appreciate it!

    .00146 and 62% for 36/10 - don't think MINI offers a 7500 miles per year allowance.

    $750 lease cash

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  • RasamvRasamv Member Posts: 9
    edited May 2017
    Could you provide provide the current MF and RV for a 2017 Mini Cooper S HT for a 36 mo lease and 10,000 miles in Washington DC?
    Also are the below attached fees correct and mandatory?
    doc fee $599
    acquisition $925

    In addition please review below offer.

    And see if I am being gouge seems pretty expensive for a 34K car per month.



  • MichaellMichaell Moderator Posts: 238,005
    Rasamv said:

    Could you provide provide the current MF and RV for a 2017 Mini Cooper S HT for a 36 mo lease and 10,000 miles in Washington DC?
    Also are the below attached fees correct and mandatory?
    doc fee $599
    acquisition $925

    In addition please review below offer.

    And see if I am being gouge seems pretty expensive for a 34K car per month.

    .00146 and 64%

    Acquisition fee is mandatory; doc fee is excessive - try to mitigate with a lower selling price.

    Ask the dealer to show you the adjusted cap cost, and how they got to that number from the selling price. That looks like a purchase quote.

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  • RasamvRasamv Member Posts: 9
    edited May 2017
    Michaell said:

    Rasamv said:

    Could you provide provide the current MF and RV for a 2017 Mini Cooper S HT for a 36 mo lease and 10,000 miles in Washington DC?
    Also are the below attached fees correct and mandatory?
    doc fee $599
    acquisition $925

    In addition please review below offer.

    And see if I am being gouge seems pretty expensive for a 34K car per month.

    .00146 and 64%

    Acquisition fee is mandatory; doc fee is excessive - try to mitigate with a lower selling price.

    Ask the dealer to show you the adjusted cap cost, and how they got to that number from the selling price. That looks like a purchase quote.
    The information I have is follows: I do not know if this explains the adjusted cap cost.

    Total Suggested price is $34,745.
    They will give me 5% off the car which is $1,737.
    Brings the selling price to $33,008.
    They charge Doc fee of $599
    Acquisition Fee of $925
    Plus loyalty discount of $500 rebate for owning a BMW.

    I was told the mf for May is now .0018 and I specifically asked if they were marking the mf up and they replied no. Which makes me question their honestly if you quoted .00146 as the May money factor.
    The residual I was quoted is 63%.Above shows 64%


    Using these numbers along w/ including tax title and tags and 1st month payment.
    The balance due on delivery is 35,830.05
    Monthly payment would be $494 for 36 months.

    Am I being taken for a "ride" by this dealership and their pricing. The money factor he quoted me he said works out to around 3.5% .0018 then I did the math and it was 4.3% so I may have caught him marking up the money factor. Also the monthly payment seems very high.

    Thanks for any assistance.


  • MichaellMichaell Moderator Posts: 238,005
    Rasamv said:

    Michaell said:

    Rasamv said:

    Could you provide provide the current MF and RV for a 2017 Mini Cooper S HT for a 36 mo lease and 10,000 miles in Washington DC?
    Also are the below attached fees correct and mandatory?
    doc fee $599
    acquisition $925

    In addition please review below offer.

    And see if I am being gouge seems pretty expensive for a 34K car per month.

    .00146 and 64%

    Acquisition fee is mandatory; doc fee is excessive - try to mitigate with a lower selling price.

    Ask the dealer to show you the adjusted cap cost, and how they got to that number from the selling price. That looks like a purchase quote.
    The information I have is follows: I do not know if this explains the adjusted cap cost.

    Total Suggested price is $34,745.
    They will give me 5% off the car which is $1,737.
    Brings the selling price to $33,008.
    They charge Doc fee of $599
    Acquisition Fee of $925
    Plus loyalty discount of $500 rebate for owning a BMW.

    I was told the mf for May is now .0018 and I specifically asked if they were marking the mf up and they replied no. Which makes me question their honestly if you quoted .00146 as the May money factor.
    The residual I was quoted is 63%.Above shows 64%


    Using these numbers along w/ including tax title and tags and 1st month payment.
    The balance due on delivery is 35,830.05
    Monthly payment would be $494 for 36 months.

    Am I being taken for a "ride" by this dealership and their pricing. The money factor he quoted me he said works out to around 3.5% .0018 then I did the math and it was 4.3% so I may have caught him marking up the money factor. Also the monthly payment seems very high.

    Thanks for any assistance.
    63% is for 36/12; 64% is for 36/10. Confirm with the dealer what mileage allowance they were basing their quote on.

    Using your prices, the 64% residual and the base MF, I get $462/mo plus tax.

    If you want to continue working with this dealer, be polite and tell them you won't sign a deal where the MF is marked up. They know the base rate.

    As you can see, MINIs are not leasing all that well.

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  • dave_007dave_007 Member Posts: 23
    edited May 2017
    Any chance I could get MF and RV 36/12 for 2017 Cooper S Hardtop in PA. Any other offers I should know about?
  • MichaellMichaell Moderator Posts: 238,005
    dave_007 said:

    Any chance I could get MF and RV 36/12 for 2017 Cooper S Hardtop in PA. Any other offers I should know about?

    No, no chance. :sunglasses: (don't you love cut and paste?)

    .00146 and 63%

    $750 lease cash and $1000 in stock allowance

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  • airtahiniairtahini Member Posts: 41
    edited May 2017
    Hey there! May I please have the MF/RV on a 2017 4Door S hardtop 36/12 in NY? Any allowances? 

    Thanks! 
  • MichaellMichaell Moderator Posts: 238,005
    airtahini said:

    Hey there! May I please have the MF/RV on a 2017 4Door S hardtop 36/12 in NY? Any allowances? 

    Thanks! 

    .00146 and 63%

    $750 lease bonus and $1000 in stock allowance

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  • boolaboolaboolaboola Member Posts: 6
    Could I get the MF and residual (and any other available numbers) for the 2017 Mini S 2dr hardtop? 12k miles / 36 months.

    Is this even a good time to look at leasing it, with the 2018s supposed to arrive soon? I'm in New York City with just two Mini dealers (NYC and Freeport).
  • kyfdxkyfdx Moderator Posts: 232,911

    Could I get the MF and residual (and any other available numbers) for the 2017 Mini S 2dr hardtop? 12k miles / 36 months.

    Is this even a good time to look at leasing it, with the 2018s supposed to arrive soon? I'm in New York City with just two Mini dealers (NYC and Freeport).

    Sorry, we haven't seen the new MINI programs, yet.

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  • sea_jimsea_jim Member Posts: 14
    Have numbers come out for July for 2017 models or 2018 models?

    Looking at a Mini Cooper S 4 door hardtop
  • kyfdxkyfdx Moderator Posts: 232,911
    sea_jim said:

    Have numbers come out for July for 2017 models or 2018 models?

    Looking at a Mini Cooper S 4 door hardtop

    They have.. but, we haven't seen them.

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  • jdg92092jdg92092 Member Posts: 1
    Have any numbers for a base 2 door hardtop S come out for August? Looking for 36/10 MF and RV numbers if possible
  • MichaellMichaell Moderator Posts: 238,005
    jdg92092 said:

    Have any numbers for a base 2 door hardtop S come out for August? Looking for 36/10 MF and RV numbers if possible

    The numbers have been released .... but, we haven't seen them.

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  • sea_jimsea_jim Member Posts: 14
    Are numbers out yet for the 2018's?
  • MichaellMichaell Moderator Posts: 238,005
    sea_jim said:

    Are numbers out yet for the 2018's?

    We didn't get any MINI lease numbers for August. Can't tell you if there were 2018 data in them.

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  • TheGameTheGame Member Posts: 1
    edited August 2017
    Hello,
    Could i get the MF and residual for 2017 Mini S 4Dr Hardtop with 10K Miles/36 months in Santa Clara, California
    Thanks
  • MichaellMichaell Moderator Posts: 238,005
    TheGame said:

    Hello,
    Could i get the MF and residual for 2017 Mini S 4Dr Hardtop with 10K Miles/36 months in Santa Clara, California
    Thanks

    We did not get any MINI lease numbers for August.

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  • adamtennisadamtennis Member Posts: 25
    Looking for the MF and residual on a new 2018 Mini S 2Dr Hardtop for 12k/36 and 15k/36. Thank you!!!
  • kyfdxkyfdx Moderator Posts: 232,911

    Looking for the MF and residual on a new 2018 Mini S 2Dr Hardtop for 12k/36 and 15k/36. Thank you!!!

    Sorry, but we haven't seen the MINI programs for September

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