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2018 MINI Cooper Lease Questions

jmfb_vwjmfb_vw Posts: 25
edited November 2017 in MINI
Looking for MF, Residual, Lease Cash - 2018 Cooper S, 36/10, SF, USA 94110

Thanks!
«13

Comments

  • kyfdxkyfdx Posts: 163,847
    jmfb_vw said:

    Looking for MF, Residual, Lease Cash - 2018 Cooper S, 36/10, SF, USA 94110

    Thanks!

    Sorry, but we don't have the MINI lease programs for November.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pjo1966pjo1966 Posts: 154
    edited January 2018
    I have a 2018 Mini Convertible on order that should be available for pickup on February 10th. Would there be any real benefit to waiting until the following weekend for President's Day sales? Would the MF and Residual be any different that weekend than for the rest of February?

    If I can save some money I'll wait the week. Otherwise, I want to get my hands on my new car as soon as possible.
  • kyfdxkyfdx Posts: 163,847
    pjo1966 said:

    I have a 2018 Mini Convertible on order that should be available for pickup on February 10th. Would there be any real benefit to waiting until the following weekend for President's Day sales? Would the MF and Residual be any different that weekend than for the rest of February?

    If I can save some money I'll wait the week. Otherwise, I want to get my hands on my new car as soon as possible.

    The numbers will be the same, all month.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pjo1966pjo1966 Posts: 154
    So all the marketing for President's Day sales is just bull?

    If you could post the February numbers when they come in I would appreciate it. I want to see if my salesman will be willing to negotiate in advance of me coming in. His predecessor did, but he seems reluctant. My car should be ready to be picked up two weeks from today.
  • pjo1966pjo1966 Posts: 154
    Are the numbers for this month available yet?

    2018 Mini Cooper Convertible (base model)

    Thanks!
  • pjo1966pjo1966 Posts: 154
    I forgot the other important info. 36 months 36,000 miles
  • kyfdxkyfdx Posts: 163,847
    pjo1966 said:

    I forgot the other important info. 36 months 36,000 miles

    Sorry, but it doesn't look like we'll get the MINI programs, this month

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pjo1966pjo1966 Posts: 154
    Thanks. I appreciate you checking. Is that common? Would the numbers from January apply?
  • kyfdxkyfdx Posts: 163,847
    pjo1966 said:

    Thanks. I appreciate you checking. Is that common? Would the numbers from January apply?

    I don't think we've had them in six months

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pjo1966pjo1966 Posts: 154
    My sales rep quoted me a lease price of $460.80. That doesn't add up given the info he gave me. This is what I have:

    MSRP: $32,050
    Invoice: $29,755
    TrueCar Value: $30,436
    Deposit: $1,000
    Loyalty Bonus: $500
    MF: .00152
    Residual: $18,589
    Tax: 9.5%

    Using an online calculator, the payment I came up with is $393.82. This is more along the lines of what I was expecting. I emailed him back telling him that I wanted to keep it below $400, especially since Mini altered their warranty since I leased my last Mini and I would need to pay if I wanted the same coverage I currently have.

    Thoughts?
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:

    My sales rep quoted me a lease price of $460.80. That doesn't add up given the info he gave me. This is what I have:

    MSRP: $32,050
    Invoice: $29,755
    TrueCar Value: $30,436
    Deposit: $1,000
    Loyalty Bonus: $500
    MF: .00152
    Residual: $18,589
    Tax: 9.5%

    Using an online calculator, the payment I came up with is $393.82. This is more along the lines of what I was expecting. I emailed him back telling him that I wanted to keep it below $400, especially since Mini altered their warranty since I leased my last Mini and I would need to pay if I wanted the same coverage I currently have.

    Thoughts?

    Ask the dealer what the cap cost is that they used for their post - if higher than the selling price, find out what has been added.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pjo1966pjo1966 Posts: 154
    edited February 2018
    I'm trying to upload the deal sheet here but it's not working. He came back with a lease payment that's only $9 less.
  • pjo1966pjo1966 Posts: 154
    edited February 2018
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:
    I agree with the math on that worksheet.

    $600 is a lot for maintenance, however - 2, maybe 3, services?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pjo1966pjo1966 Posts: 154
    I know that looking at lease deals on the Mini website is a trap, but they're advertising an S convertible with a similar cap cost for $329 + tax. $459.51 just seems like a lot for a base model.
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:

    I know that looking at lease deals on the Mini website is a trap, but they're advertising an S convertible with a similar cap cost for $329 + tax. $459.51 just seems like a lot for a base model.

    How much is due at signing for that ad?

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pjo1966pjo1966 Posts: 154
    The ad is for $2500 and I'm doing $1000. Adding $40 to their payment still has it under $400/mo including tax.
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:

    The ad is for $2500 and I'm doing $1000. Adding $40 to their payment still has it under $400/mo including tax.

    I'm sure that $2500 is all cap reduction, so closer to $70/mo added to the promotional payment.

    And, given the number of options available on a MINI, it's easy to understand how another $50/mo could be added to the payment.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pjo1966pjo1966 Posts: 154
    The point I'm stuck on is they both have cap costs that are close to one another, but one payment is $100 more than the other.
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:

    The point I'm stuck on is they both have cap costs that are close to one another, but one payment is $100 more than the other.

    Could be a different residual for the S, as well. Not $100 difference, mind you, but without knowing all the numbers, we'll never be able to figure out why.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pjo1966pjo1966 Posts: 154
    Apparently the incentives on the S models are more aggressive at the moment. I'm getting an S model with Premium and Sport packages for less than I would have for a base model with the Tech package. I'm disappointed I'm not ending up with the car I configured, but I'm getting a lot more for less money.
  • kyfdxkyfdx Posts: 163,847
    pjo1966 said:

    Apparently the incentives on the S models are more aggressive at the moment. I'm getting an S model with Premium and Sport packages for less than I would have for a base model with the Tech package. I'm disappointed I'm not ending up with the car I configured, but I'm getting a lot more for less money.

    More power = good B)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • pjo1966pjo1966 Posts: 154
    My 2015 base convertible is very zippy. I haven't driven the S yet, but I'm sure it's even more zippier-er. :smile:
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:

    My 2015 base convertible is very zippy. I haven't driven the S yet, but I'm sure it's even more zippier-er. :smile:

    My daughter started with a base hatch, then upgraded to an S Countryman. It's much quicker.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • pjo1966pjo1966 Posts: 154
    Can't wait. It was supposed to be in today, but it's been delayed. It's part of the same delivery as the one I configured. They will deliver it to my office Monday or Tuesday.
  • MichaellMichaell ColoradoPosts: 158,222
    pjo1966 said:

    Can't wait. It was supposed to be in today, but it's been delayed. It's part of the same delivery as the one I configured. They will deliver it to my office Monday or Tuesday.

    We had to wait for the Countryman to arrive at the dealer from the port, as well.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bass123bass123 Posts: 12
    Hi, just wondering if you guys ever got the Money Factor and Residual Value for the 2018 MINI hardtop (4-door)?! Thanks.
  • kyfdxkyfdx Posts: 163,847
    bass123 said:

    Hi, just wondering if you guys ever got the Money Factor and Residual Value for the 2018 MINI hardtop (4-door)?! Thanks.

    Sorry.. we don't have the MINI programs

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • bass123bass123 Posts: 12
    Since we don't have MINI's MF and RV, I wanted to find out ,in general terms, how leasing a dealer loaner (with extra mileage) would affect the MF and RV, if at all (irrespective of the actual values)?

    I'm looking at a loaner 2018 Mini Cooper 4-door, with 8,152 miles for a discounted price of $21,450 (MSRP $25,450). Is it in my advantage to lease this loaner with the extra miles?
  • bass123bass123 Posts: 12
    Since we don't have MINI's MF and RV, I wanted to find out ,in general terms, how leasing a dealer loaner (with extra mileage) would affect the MF and RV, if at all (irrespective of the actual values)?

    I'm looking at a loaner 2018 Mini Cooper 4-door, with 8,152 miles for a discounted price of $21,450 (MSRP $25,450). Is it in my advantage to lease this loaner with the extra miles?
  • MichaellMichaell ColoradoPosts: 158,222
    bass123 said:

    Since we don't have MINI's MF and RV, I wanted to find out ,in general terms, how leasing a dealer loaner (with extra mileage) would affect the MF and RV, if at all (irrespective of the actual values)?

    I'm looking at a loaner 2018 Mini Cooper 4-door, with 8,152 miles for a discounted price of $21,450 (MSRP $25,450). Is it in my advantage to lease this loaner with the extra miles?

    If the MINI program for loaners is like BMW's (and, there's no reason to think it isn't), I wouldn't lease one with more than 5000 miles on it.

    Residual drops by 4% ($24/mo), in addition to a .25 per mile deduction in the residual ($2038, or almost $57/mo), and you lose any available incentives. There would have to be a very big discount from sticker to compensate for it. That's almost $3000 total, and you're getting only $4K off sticker.

    Keep shopping, is my opinion.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • bass123bass123 Posts: 12
    thank you so much for the insight
  • otis12otis12 Posts: 171
    Do you have the April numbers for leasing a Cooper S 2 door in NJ, 36mths/10k miles?
  • kyfdxkyfdx Posts: 163,847
    otis12 said:

    Do you have the April numbers for leasing a Cooper S 2 door in NJ, 36mths/10k miles?

    Sorry, but we didn't get the April lease programs for MINI

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jemejeme Posts: 12
    Does anybody have the lease numbers for a 2018 Cooper S Convertible. Pls and thanks.
  • MichaellMichaell ColoradoPosts: 158,222
    jeme said:

    Does anybody have the lease numbers for a 2018 Cooper S Convertible. Pls and thanks.

    we haven't seen MINI lease numbers in a few months, sorry.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • cihan1981cihan1981 Posts: 1
    Need MF and RV for 2018 Mini Cooper S Convertible. Zipcode 94597. 
  • kyfdxkyfdx Posts: 163,847
    cihan1981 said:

    Need MF and RV for 2018 Mini Cooper S Convertible. Zipcode 94597. 

    36/15
    .00156 MF and 62% residual
    $1000 in-stock allowance

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kg062380kg062380 Posts: 33
    edited May 2018
    Looking for the MF and RV for 2018 Mini Cooper in MA. Thanks! 36 month / 12k lease
  • jkendrickjkendrick Posts: 26
    Rebates, MF and Residual for both 2018 and 2019 Countryman All4, Std and S models all with Manual transmission in 05446.....and 03303 if they are different....Please and Thank you.
  • jkendrickjkendrick Posts: 26
    Forgot to add 36/10K
  • MichaellMichaell ColoradoPosts: 158,222
    kg062380 said:

    Looking for the MF and RV for 2018 Mini Cooper in MA. Thanks! 36 month / 12k lease

    .00156 and 59%
    $1000 in stock allowance

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 158,222
    jkendrick said:

    Rebates, MF and Residual for both 2018 and 2019 Countryman All4, Std and S models all with Manual transmission in 05446.....and 03303 if they are different....Please and Thank you.

    jkendrick said:

    Forgot to add 36/10K

    No 2019 Countryman numbers, this month

    2018 - .00156 and 60% (std) or 65% (S)
    $1000 allownace on std
    $2000 allowane on S
    $1500 lease cash on both

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • jkendrickjkendrick Posts: 26
    Michaell said:

    jkendrick said:

    Rebates, MF and Residual for both 2018 and 2019 Countryman All4, Std and S models all with Manual transmission in 05446.....and 03303 if they are different....Please and Thank you.

    jkendrick said:

    Forgot to add 36/10K

    No 2019 Countryman numbers, this month

    2018 - .00156 and 60% (std) or 65% (S)
    $1000 allownace on std
    $2000 allowane on S
    $1500 lease cash on both
    Thank you.....and the allowance is applicable to a lease in addition to lease cash?
  • MichaellMichaell ColoradoPosts: 158,222
    jkendrick said:

    Michaell said:

    jkendrick said:

    Rebates, MF and Residual for both 2018 and 2019 Countryman All4, Std and S models all with Manual transmission in 05446.....and 03303 if they are different....Please and Thank you.

    jkendrick said:

    Forgot to add 36/10K

    No 2019 Countryman numbers, this month

    2018 - .00156 and 60% (std) or 65% (S)
    $1000 allownace on std
    $2000 allowane on S
    $1500 lease cash on both
    Thank you.....and the allowance is applicable to a lease in addition to lease cash?
    That's how I understand it.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • trojan91trojan91 Posts: 9
    Looking for MF, residual, and incentives/allowances/lease cash for 2018 Cooper S Hardtop please, 36/10k. In CA, 91105. Thanks!
  • samyzeesamyzee Posts: 3
    Can you tell me the 36/10 MF and RV for a Clubman S and 4-door hatch base for Florida.
    Thanks!
  • MichaellMichaell ColoradoPosts: 158,222
    trojan91 said:

    Looking for MF, residual, and incentives/allowances/lease cash for 2018 Cooper S Hardtop please, 36/10k. In CA, 91105. Thanks!

    .00156 and 65%
    $2000 in stock allowance

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • MichaellMichaell ColoradoPosts: 158,222
    samyzee said:

    Can you tell me the 36/10 MF and RV for a Clubman S and 4-door hatch base for Florida.
    Thanks!

    .00156 and 65% (Clubman S) or 60% (4-door base)
    $1000 allowance for base
    $2000 allowance for Clubman S

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello! Can you confirm what the incentives would be in TX for a Countryman S? Is it $1500 lease cash and $2000 allowance?
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