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2017 MINI Cooper Lease Questions

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Comments

  • yoajp10yoajp10 Member Posts: 3
    Whats the best deal I should shoot for:

    Mini Cooper Hardtop manual in the North NJ area.
    Specs on the car:

    17MA Cooper HT
    Color A94 Midnight Black Metallic 500.00
    Upholstery K9E1 Carbon Black Leatherette N/C
    Options 1CA CO2 relevant vehicles N/C
    402 Panoramic moonroof 1,000.00
    494 Heated front seats 500.00
    5A2 LED Headlights 750.00
    785 White Turn-Signal Lights N/C
    927 All-season tires N/C
    9AA Transport protection N/C
    ZTM Tier 2 N/C
    Accessories Z54 Sirius Radio 465.00
    ZD9 Black All Weather Floor Mats 135.00

    I am quoted (with 15k a year plus title taxes and fees at signing):

    36 months
    $3495 @ signing
    $263/month

    Or

    36 months
    $2995 @ signin
    $278/month



    Thanks for your help!
    -Ant
  • kyfdxkyfdx Moderator Posts: 260,695
    yoaj said:

    Whats the best deal I should shoot for:

    Mini Cooper Hardtop manual in the North NJ area.
    Specs on the car:

    17MA Cooper HT
    Color A94 Midnight Black Metallic 500.00
    Upholstery K9E1 Carbon Black Leatherette N/C
    Options 1CA CO2 relevant vehicles N/C
    402 Panoramic moonroof 1,000.00
    494 Heated front seats 500.00
    5A2 LED Headlights 750.00
    785 White Turn-Signal Lights N/C
    927 All-season tires N/C
    9AA Transport protection N/C
    ZTM Tier 2 N/C
    Accessories Z54 Sirius Radio 465.00
    ZD9 Black All Weather Floor Mats 135.00

    I am quoted (with 15k a year plus title taxes and fees at signing):

    36 months
    $3495 @ signing
    $263/month

    Or

    36 months
    $2995 @ signin
    $278/month



    Thanks for your help!
    -Ant

    What is the MSRP?
    What is the mileage allowance?
    Did they give you a sale price or adjusted CAP cost?

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  • yoajp10yoajp10 Member Posts: 3
    edited July 2017



    kyfdx said:



    Whats the best deal I should shoot for:





    Mini Cooper Hardtop manual in the North NJ area.


    Specs on the car:





    17MA Cooper HT


    Color A94 Midnight Black Metallic 500.00


    Upholstery K9E1 Carbon Black Leatherette N/C


    Options 1CA CO2 relevant vehicles N/C


    402 Panoramic moonroof 1,000.00


    494 Heated front seats 500.00


    5A2 LED Headlights 750.00


    785 White Turn-Signal Lights N/C


    927 All-season tires N/C


    9AA Transport protection N/C


    ZTM Tier 2 N/C


    Accessories Z54 Sirius Radio 465.00


    ZD9 Black All Weather Floor Mats 135.00





    I am quoted (with 15k a year plus title taxes and fees at signing):





    36 months


    $3495 @ signing


    $263/month





    Or





    36 months


    $2995 @ signin


    $278/month











    Thanks for your help!


    -Ant






    What is the MSRP?


    What is the mileage allowance?


    Did they give you a sale price or adjusted CAP cost?




    @kyfdx

    MSRP was 25150. But sale price is 23900.
    Mileage = 15k/year.
  • kyfdxkyfdx Moderator Posts: 260,695
    yoajp10 said:





    kyfdx said:




    Whats the best deal I should shoot for:







    Mini Cooper Hardtop manual in the North NJ area.



    Specs on the car:







    17MA Cooper HT



    Color A94 Midnight Black Metallic 500.00



    Upholstery K9E1 Carbon Black Leatherette N/C



    Options 1CA CO2 relevant vehicles N/C



    402 Panoramic moonroof 1,000.00



    494 Heated front seats 500.00



    5A2 LED Headlights 750.00



    785 White Turn-Signal Lights N/C



    927 All-season tires N/C



    9AA Transport protection N/C



    ZTM Tier 2 N/C



    Accessories Z54 Sirius Radio 465.00



    ZD9 Black All Weather Floor Mats 135.00







    I am quoted (with 15k a year plus title taxes and fees at signing):







    36 months



    $3495 @ signing



    $263/month







    Or







    36 months



    $2995 @ signin



    $278/month















    Thanks for your help!



    -Ant






    What is the MSRP?



    What is the mileage allowance?



    Did they give you a sale price or adjusted CAP cost?




    @kyfdx


    MSRP was 25150. But sale price is 23900.
    Mileage = 15k/year.


    .00146 MF and 63% residual
    $750 lease cash
    $500 in-stock allowance

    If $2995 covered tax, acquisition fee, title/registration/dealer fees plus first payment, and the CAP cost was the same as the sale price, I get $282/mo. That's pretty close to $278.. But, I'd think $2500 would be enough to cover all of that. Considering the incentives listed above, I'd shoot for about $600-$1000 less overall. So, maybe the same payment with just $1995 upfront?

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  • boolaboolaboolaboola Member Posts: 6
    Hi,

    Could I get the MF and residuals (and any other available numbers) for the 2017 Mini S 2dr hardtop?

    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: 260,695

    Hi,

    Could I get the MF and residuals (and any other available numbers) for the 2017 Mini S 2dr hardtop?

    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, but we didn't get the MINI numbers, yet, this month.

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  • rekrem11rekrem11 Member Posts: 1
    Could I get the MF and residuals for the 2017 Mini hard top 2 door? I'm in Western PA and will be looking between 2 dealers, one in Pittsburgh, PA and one in Cleveland, OH.
  • kyfdxkyfdx Moderator Posts: 260,695
    rekrem11 said:

    Could I get the MF and residuals for the 2017 Mini hard top 2 door? I'm in Western PA and will be looking between 2 dealers, one in Pittsburgh, PA and one in Cleveland, OH.

    Sorry, but we didn't get the MINI programs for July.

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  • boolaboolaboolaboola Member Posts: 6
    I'm using Leasehackr's calculator but can't really get the numbers to add up to the monthly payment I'm being quoted. Any advice?

    2017 2-door hardtop, Cooper S.
    MSRP $29965
    Sale price $28700
    Fees $797
    Taxes $2591
    MF .00151
    Res. 64%
    Term: 12,000 / 36

    Leasehackr suggests $221/mo, drive-off $3,973 with $2,000 down.

    I was quoted $295/mo with drive-off at $5300?

    RWG calculator quotes $392 base+tax+fees.
  • kyfdxkyfdx Moderator Posts: 260,695

    I'm using Leasehackr's calculator but can't really get the numbers to add up to the monthly payment I'm being quoted. Any advice?

    2017 2-door hardtop, Cooper S.
    MSRP $29965
    Sale price $28700
    Fees $797
    Taxes $2591
    MF .00151
    Res. 64%
    Term: 12,000 / 36

    Leasehackr suggests $221/mo, drive-off $3,973 with $2,000 down.

    I was quoted $295/mo with drive-off at $5300?

    RWG calculator quotes $392 base+tax+fees.

    That tax number isn't correct for a lease. That looks like a purchase quote.
    Also, the acquisition fee is $925. Don't see that anywhere.

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  • boolaboolaboolaboola Member Posts: 6
    Thanks. What should I be looking at re: tax number? I am in NY.
  • kyfdxkyfdx Moderator Posts: 260,695

    Thanks. What should I be looking at re: tax number? I am in NY.

    Approximate payment X tax rate X term

    For example: $300 X 8% X 36 months = $864

    That's a rough estimate, assuming the variables are correct. As you can see, that's a long way from their number.

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  • boolaboolaboolaboola Member Posts: 6
    Many thanks. Would love to bring the lease as close to $250/mo without paying too much down, basically.
  • will8050will8050 Member Posts: 4
    Hi,

    I was quoted 64% on Base 4D Hardtop w/ .00201 MF. They said this was tier 2 credit with a score just below 700. Does this seem right? I know they cannot change the residual.

    Also, could you tell me the 4D Hardtop S numbers?

    Area 45242

    Thanks for all the help!
  • kyfdxkyfdx Moderator Posts: 260,695
    will8050 said:

    Hi,

    I was quoted 64% on Base 4D Hardtop w/ .00201 MF. They said this was tier 2 credit with a score just below 700. Does this seem right? I know they cannot change the residual.

    Also, could you tell me the 4D Hardtop S numbers?

    Area 45242

    Thanks for all the help!

    Sorry, but we didn't get the MINI programs for July.

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  • lucysmithlucysmith Member Posts: 12
    Hi all, I'm looking into one of two models -the base Cooper or the hybrid, but I don't know what's the better deal, and where I have space to negotiation. Please help!

    Both offers are for 24 Months Lease @ 10k miles per year:

    2018 MINI Cooper Countryman
    MSRP $34500
    Selling Price $32000
    Money Factor 0.00151
    Residual 69%
    $2000 cash due @ signing
    $422 monthly excl tax

    2017 Countryman S E PHEV Cooper S Hybrid
    MSRP $43,400
    Selling Price $42,400
    Money Factor 0.00151
    Residual 63%
    $4000 hybrid lease rebate (woohoo!)
    $2000 cash due @ signing
    $579 monthly plus tax

    Really appreciate any advice you can give me!!
  • MichaellMichaell Moderator Posts: 258,861
    lucysmith said:

    Hi all, I'm looking into one of two models -the base Cooper or the hybrid, but I don't know what's the better deal, and where I have space to negotiation. Please help!

    Both offers are for 24 Months Lease @ 10k miles per year:

    2018 MINI Cooper Countryman
    MSRP $34500
    Selling Price $32000
    Money Factor 0.00151
    Residual 69%
    $2000 cash due @ signing
    $422 monthly excl tax

    2017 Countryman S E PHEV Cooper S Hybrid
    MSRP $43,400
    Selling Price $42,400
    Money Factor 0.00151
    Residual 63%
    $4000 hybrid lease rebate (woohoo!)
    $2000 cash due @ signing
    $579 monthly plus tax

    Really appreciate any advice you can give me!!

    For the 2018, I get $426/mo plus tax, so in the ballpark with your quote.

    For the 2017, I get $524/mo plus tax. Ask the dealer for the adjusted cap cost on this quote, as the $4000 lease rebate is over $100/mo savings on the payment.

    We did not get the MINI lease programs for July, so no way for us to confirm the MF and residual numbers you were given.

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  • lucysmithlucysmith Member Posts: 12
    Thanks Michael.

    Can you tell me which parts are typically negotiable?
    The MF? The residual? Money down?

    So for this deal, which part looks like it could be negotiated further?

    2018 MINI Cooper Countryman
    MSRP $34500
    Selling Price $32000
    Money Factor 0.00151
    Residual 69%
    $2000 cash due @ signing
    $422 monthly excl tax
  • MichaellMichaell Moderator Posts: 258,861
    lucysmith said:

    Thanks Michael.

    Can you tell me which parts are typically negotiable?
    The MF? The residual? Money down?

    So for this deal, which part looks like it could be negotiated further?

    2018 MINI Cooper Countryman
    MSRP $34500
    Selling Price $32000
    Money Factor 0.00151
    Residual 69%
    $2000 cash due @ signing
    $422 monthly excl tax

    The residual is fixed by the bank; nothing to negotiate there.

    The MF can be marked up by the dealer for extra profit; in this case, I'm going to guess that the .00151 is the base rate this month, as it matches the BMW base rate as well.

    We do suggest the only up front money you give at signing is the first payment and DMV costs. Your payment will go up, but you won't risk losing any money if the car is stolen or totaled.

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  • lucysmithlucysmith Member Posts: 12
    Ok I see! Great advice. Thanks Michaell. 

    So apart from agreeing these terms, I need to get gap insurance? Is that right?

    Sorry I'm a newbie at leasing. 
  • kyfdxkyfdx Moderator Posts: 260,695
    lucysmith said:

    Ok I see! Great advice. Thanks Michaell. 

    So apart from agreeing these terms, I need to get gap insurance? Is that right?

    Sorry I'm a newbie at leasing. 

    All BMW/MINI leases include GAP insurance at no extra charge.

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  • tborghardtborghard Member Posts: 14
    Hi Guys,

    Lurker and first time poster here. My wife and I just moved to the suburbs from Manhattan and need a second car. We stumbled upon a Mini dealer that leases out demos. We got the below deal and wanted to get the groups take:

    Mini Cooper Clubman S

    MSRP: $36,900
    Residual: 63%
    Money Factor .0024
    Waived acquisition fee
    Adjusted Cap Cost: 28817.22

    Sign and Drive: 0 out of pocket

    Monthly payment $320

    Good deal? Want to get your guys thoughts. Thanks!
  • MichaellMichaell Moderator Posts: 258,861
    tborghard said:

    Hi Guys,

    Lurker and first time poster here. My wife and I just moved to the suburbs from Manhattan and need a second car. We stumbled upon a Mini dealer that leases out demos. We got the below deal and wanted to get the groups take:

    Mini Cooper Clubman S

    MSRP: $36,900
    Residual: 63%
    Money Factor .0024
    Waived acquisition fee
    Adjusted Cap Cost: 28817.22

    Sign and Drive: 0 out of pocket

    Monthly payment $320

    Good deal? Want to get your guys thoughts. Thanks!

    We don't have the MINI numbers for this month, but if I plug in those numbers, I get $280/mo

    Does the adjusted cap include all taxes and fees?

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  • tborghardtborghard Member Posts: 14
    It does not. Not included in that number is the document fee (550) and registration. Also, doesnt include CT taxes. Thanks again Michaell!
  • MichaellMichaell Moderator Posts: 258,861
    tborghard said:

    It does not. Not included in that number is the document fee (550) and registration. Also, doesnt include CT taxes. Thanks again Michaell!

    CT taxes the monthly payment

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  • stickguystickguy Member Posts: 52,840
    I'm sure need to wait on the October programs, but what are the current lease terms on a 1.3l (non-S) 4 door hardtop? AT and manual if it makes a difference.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • MichaellMichaell Moderator Posts: 258,861
    stickguy said:

    I'm sure need to wait on the October programs, but what are the current lease terms on a 1.3l (non-S) 4 door hardtop? AT and manual if it makes a difference.

    We don't have any current MINI lease numbers, for September.

    Fingers crossed, we'll see something in October

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  • stickguystickguy Member Posts: 52,840
    thanks. I happened to check, and sometime in the last month a basically equipped stick model showed up. Back up camera and pano roof. So got curious.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • MichaellMichaell Moderator Posts: 258,861
    stickguy said:

    thanks. I happened to check, and sometime in the last month a basically equipped stick model showed up. Back up camera and pano roof. So got curious.

    Likely a MF around .00150, and a residual of 55-60%.

    But, those are just guesses. The residual, of course, is fixed by the bank.

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  • stickguystickguy Member Posts: 52,840
    got an email request in for a number. Advertising pretty significant discounts, so curious to know what they come back with. Probably not low enough to make it worthwhile!

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • MichaellMichaell Moderator Posts: 258,861
    stickguy said:

    got an email request in for a number. Advertising pretty significant discounts, so curious to know what they come back with. Probably not low enough to make it worthwhile!

    You never know ... end of the year wheeling and dealing might surprise you.

    The main MINI dealer in Denver is a "one price" shop.

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  • ladriver18ladriver18 Member Posts: 1
    edited October 2017
    Got these numbers from my local dealer in Los Angeles, what do you think? 
    Mini Cooper S Convertible 
    Premium Package heads up display, keyless comfort access & etc. 

    MSRP 36,790 
    Selling Price  32,089 

    36 Month

    12K miles per year

    0 Total Due at signing

    437.42 Including tax, lic. 
    At the end Residual is 21,706.10 



  • cars_arkcars_ark Member Posts: 4
    Could I please have the MF/RV - Clubman S for 24/36mos and 10-12K?
    Are there any incentives?
  • kyfdxkyfdx Moderator Posts: 260,695

    Got these numbers from my local dealer in Los Angeles, what do you think? 
    Mini Cooper S Convertible 
    Premium Package heads up display, keyless comfort access & etc. 

    MSRP 36,790 
    Selling Price  32,089 

    36 Month

    12K miles per year

    0 Total Due at signing

    437.42 Including tax, lic. 
    At the end Residual is 21,706.10 



    Sorry, but we don't have the October programs to check the numbers.
    Your price seems very reasonable in comparison to MINI leases that we have seen, recently.

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  • kyfdxkyfdx Moderator Posts: 260,695
    cars_ark said:

    Could I please have the MF/RV - Clubman S for 24/36mos and 10-12K?
    Are there any incentives?

    Sorry, but we haven't seen the October programs.

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  • aadevaaaadevaa Member Posts: 1
    looking for MF & RV for a 2017 MINI Cooper Countryman all4 (non S), for 10/36 for zip 98125. Automatic Transmission. Thanks
  • MichaellMichaell Moderator Posts: 258,861
    aadevaa said:

    looking for MF & RV for a 2017 MINI Cooper Countryman all4 (non S), for 10/36 for zip 98125. Automatic Transmission. Thanks

    We haven't see the October programs for MINI.

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  • macmacakamacmacaka Member Posts: 1
    edited October 2017
    Looking for MF &RV for 2018 Mini Cooper 4 door hardtop (non S), for 12/36 automatic transmission, southern California, Thanks!
  • kyfdxkyfdx Moderator Posts: 260,695
    macmacaka said:

    Looking for MF &RV for 2018 Mini Cooper 4 door hardtop (non S), for 12/36 automatic transmission, southern California, Thanks!

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

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  • cars_at76cars_at76 Member Posts: 1
    Hello All,
    New to this forum , learning all the MF and RV ...
    thinking of leasing MIN 2017/2018 4 DR hardtop (non S)
    Are there any numbers for the same.
    I'm at zipcode 94539
    Awaiting your suggestions .. thanks
  • MichaellMichaell Moderator Posts: 258,861
    cars_at76 said:

    Hello All,
    New to this forum , learning all the MF and RV ...
    thinking of leasing MIN 2017/2018 4 DR hardtop (non S)
    Are there any numbers for the same.
    I'm at zipcode 94539
    Awaiting your suggestions .. thanks

    Sorry, we did not get the MINI lease numbers for October

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  • martyhk7martyhk7 Member Posts: 2
    Can I please get MF, RV and cash incentive for 2017 Hardtop 4 door Automatic and for 2017 convertible at 12K/36M in NJ?
  • MichaellMichaell Moderator Posts: 258,861
    martyhk7 said:

    Can I please get MF, RV and cash incentive for 2017 Hardtop 4 door Automatic and for 2017 convertible at 12K/36M in NJ?

    We did not get the MINI lease program information, this month.

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  • skt279skt279 Member Posts: 1
    Please provide the residual value and MF for 2017 and 2018 MINI Cooper S 2 Door Hardtop

    24 and 36 months
    10K per year

    Thank you
  • MichaellMichaell Moderator Posts: 258,861
    skt279 said:

    Please provide the residual value and MF for 2017 and 2018 MINI Cooper S 2 Door Hardtop

    24 and 36 months
    10K per year

    Thank you

    Sorry, no MINI program numbers for November.

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  • exbusboyexbusboy Member Posts: 11
    Hello there,
    Can you please provide November MF and residual for a 2018 manual MINI Convertible S in 11204 zip area for 24/10 and 36/10?

    Thank you in advance
  • kyfdxkyfdx Moderator Posts: 260,695
    exbusboy said:

    Hello there,
    Can you please provide November MF and residual for a 2018 manual MINI Convertible S in 11204 zip area for 24/10 and 36/10?

    Thank you in advance

    Sorry, but we didn't get the MINI lease program for November.

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  • purzlolpurzlol Member Posts: 25
    edited December 2017
    Did you guys get December numbers and incentives? Need them for a mini Clubman all4 2017. 12k miles and 12 months/24/36 months. Also same numbers for a Clubman S 2018. NY 
  • MichaellMichaell Moderator Posts: 258,861
    purzlol said:

    Did you guys get December numbers and incentives? Need them for a mini Clubman all4 2017. 12k miles and 12 months/24/36 months. Also same numbers for a Clubman S 2018. NY 

    We did not get the MINI program numbers for December

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