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MINI Cooper Lease Questions

282 messages,  Last post on Nov 05, 2009 at 2:24 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? MINI Cooper, Car Leasing, Convertible, Hatchback


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#156 of 282
Re: Is this a good deal? [nwminicruzer] by nwminicruzer
Jul 08, 2008 (3:30 pm)
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Replying to: nwminicruzer (Jul 01, 2008 3:27 pm)

Ended up going with it with a slight change in #'s
 
MF = 0.00295
Residual = 78%
 
nets me a slightly lower monthly payment at ~ $468
 
Everything else is unchanged!
 
Can't wait for my car
#157 of 282
Re: Is this a good deal? [nwminicruzer] by blueguydotcom
Jul 11, 2008 (6:49 pm)
Reply

Replying to: nwminicruzer (Jul 08, 2008 3:30 pm)

7.08% (0.00295) money factor is kinda high.
 
Don't know if you have family who are members of NFCU but you can get a far better lease rate through them. They offer a 4.4% (0.00183) for 36 month, 45k leases - you can probably get better residuals from them for your 24k mile lease. They charge an origination fee of 2% of the msrp added to the sale price as the lease initiation fee. I believe on a 45k/3 year Cooper S they told me the residual is 68%.
 
I did it up on leaseguide.com for NFCU's number on a 3 year 45k mile lease for a Cooper S:
 
MSRP: 25350
Origination fee 2%: 507
Mf: 0.00183
Tax 9.1% (egad!)
64% residual (aimed low but I think they said 68%)
Monthly payment: $382
Gap insurance included
 
So if you have family in Navy Federal Credit Union (NFCU) - brother, mother, uncle, roommate, wife's family, etc - you can join NFCU. It's worth it.
#158 of 282
Re: Is this a good deal? [blueguydotcom] by nwminicruzer
Jul 15, 2008 (2:53 pm)
Reply

Replying to: blueguydotcom (Jul 11, 2008 6:49 pm)

Thx blueguydotcom. I already signed up for the numbers above at the Mini Dealer. Also dunno anybody at that CU but thanks anyway. Will keep this in mind for the next car
#159 of 282
Press Request by KarenS HOST
Jul 16, 2008 (4:33 pm)
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A newswire reporter would like to speak with owners of the Mini Cooper. If you are an owner, please respond to ctalatiedmunds.com with your daytime contact information no later than Friday, July 18th.
#160 of 282
lease buy back by bgates222
Sep 16, 2008 (10:08 am)
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ok ive not come across this before
My mother leased a mini cooper in 2006 for 2 years and 24k miles
now its time to turn the car back in and to my dismay she has 6k miles on the car
and they want around 18k for the car if she wanted to buy it. It seems to make more sense to buy the car and either keep it or sell it on our own because with that kind of milege wouldnt they make a killing on it? Or can we use it to get into another brand new car ? thtnks in advnace
#161 of 282
Re: lease buy back [bgates222] by qbrozen
Sep 16, 2008 (1:23 pm)
Reply

Replying to: bgates222 (Sep 16, 2008 10:08 am)

Yes, you can actually trade in a lease and benefit from the equity, if in fact there is any. Just get a trade-in value quote. If it is more than the buyout, then that is your equity.
 
If you want the true trade-in value, try posting the details on The Real-World Trade-in Values board.
#162 of 282
Re: lease buy back [qbrozen] by bgates222
Sep 16, 2008 (1:34 pm)
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Replying to: qbrozen (Sep 16, 2008 1:23 pm)

thanks
#163 of 282
2009 MCS Lease Rates for October, 2008 by jon330cic
Oct 02, 2008 (4:55 am)
Reply
Car_Man - I know they probably aren't out for a few more days, but could you please post the 2009 MCS Lease Rates for October, 2008 when they are released?
 
I've worked up a lease proposal based on the only numbers I could find (I think these are Aug-08 numbers for the last 2008 models):
 
09 MCS, 36 mo, 36K mi
Base MF: 0.00219
Residual: 64% (62% 15K/yr + 2% for 12K/yr)
Base Acq Fee: $625.00
 
It would be great to know if these have changed for the 09 model (residual higher?) before I present it to my dealer.
 
Thank you!
Jon
#164 of 282
Re: Is this a good deal? [whiskerychief] by whiskerychief
Oct 25, 2008 (3:55 am)
Reply

Replying to: nwminicruzer (Jul 01, 2008 3:27 pm)

I recently was quoted $410 month on an 09 CooperS, with options stickered for $29665. This is with $2500 down and 10,000 year mileage, and a 24 month lease, what u think??
#165 of 282
Mini Residuals by carinsider
Nov 05, 2008 (1:48 pm)
Reply
Does anyone know the current residual values and captive finance money factors for 2008 and 2008 model year minis for 24 and 36 months, at 12K mi per year?
 
Thanks.

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