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MINI Cooper Lease Questions

731 messages,  Last post on May 23, 2013 at 4:34 PM

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

Messages Page 22 of 74

#206 of 731 Updated data (June) on 2009 Mini by slhouse1

Jun 08, 2009 (8:26 am)

car_man & kyfdx:
 
Looking for June buy rate money lease factor for a 2009 Mini Cooper Hardtop Base with MSRP = $20,450 (Auto)
36 mos/12K miles and corresponding residual value.
 
From your previous posts, it appears these little cars hold their value pretty well, but assume it has dropped since the previous quotes of 68-69%.
 
In Illinois, would be looking for zero down and rolling all tax/title/license into the deal. (we pay sales tax on the entire SP in IL). No trade, would like to "sign and drive". First quote came in at MSRP ~ $287.xx/month. Seems high...few posts here said to expect at least 1K off MSRP. Thoughts? and thanks for your knowledge!

#207 of 731 mini cooper lease questions by gerstch

Jun 10, 2009 (4:53 pm)

Replying to: ufjen34 (Jun 02, 2009 5:07 am)
Hi,
I am looking at a 2009 mini cooper s convertible with an MSRP of 33,800.
 
I got an email from the sales guy today telling me that the residual on a 36 months, 10K/yr lease is 20618 - which calculates to 61% (20618/33800).
He then tells me that the money factor is .00335 and the "payment all inclusive" is $638 with $1000 down but I don't have any other info about what that is including until tomorrow.
 
I want to be armed with accurate info tomorrow as I think he is marking up the money factor etc. I know rates vary by region - this is las vegas 89138.
I know the acquisition fee is supposed to be $725 - anything else to look for as far as scams?
Should there be any doc fees on a lease like there is on a purchase?
Thanks for any help!

#208 of 731 Re: 2009 Mini Cooper Lease vs. Purchase [ufjen34] by Car_man HOST

Jun 16, 2009 (3:26 am)

Replying to: ufjen34 (Jun 02, 2009 5:05 am)
Hi ufjen34. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the best way to get a good deal on a leased vehicle is to negotiate the lowest possible selling price on the car that you want and then have the dealer calculate your monthly payment using its buy rate lease money factor.
 
Check out the articles and let us know if you have any questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#209 of 731 Re: Updated data (June) on 2009 Mini [H] by Car_man HOST

Jun 16, 2009 (3:32 am)

Replying to: slhouse1 (Jun 08, 2009 8:26 am)
Hi slhouse1. Mini is actually running a special lease program on the Cooper Hardtop in June. This is the first time that I recall seeing it provide lease support. Its residual values are incredible (totally unrealistic). If I was in the market for a Cooper, I definitely would lease it.
 
Mini's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Cooper Hardtop with 12,000 miles per year are .00230 and get this 70%, respectively. 70% on a 3 year lease. That's nuts. BMW's going to take a bath when these things come back in three years, but it's great for consumers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#210 of 731 Re: Updated data (June) on 2009 Mini [Car_man] by kyfdx HOST

Jun 16, 2009 (4:08 am)

Replying to: Car_man (Jun 16, 2009 3:32 am)
Hey, Car_man..
 
What are comparable numbers on an "S" hardtop lease? 3yr/45K..
 
Thanks!

#211 of 731 Cooper Hardtop in June by grant33

Jun 16, 2009 (11:24 pm)

I've never done a lease and I'm getting educated and I would love to get your advice.
 
We are looking at leasing a Mini Cooper Hardtop with the premium package coming out to MSRP 22,500.
 
Since this lease deal is pretty good, do you think I will still be able to negotiate to a lower MSRP?
 
Anything I should look for on this June lease special?
 
Thanks!
 
Grant

#212 of 731 Re: Updated data (June) on 2009 Mini [kyfdx] by Car_man HOST

Jun 17, 2009 (2:49 am)

Replying to: kyfdx (Jun 16, 2009 4:08 am)
Hey kyfdx. Here's the info that you're looking for.
 
Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Mini Cooper S .00230 and 64%, respectively. That's a pretty solid lease program for a car that traditionally has not had any lease support available on it.
 
Thinking about getting one?
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#213 of 731 Re: Cooper Hardtop in June [grant33] by Car_man HOST

Jun 17, 2009 (2:52 am)

Replying to: grant33 (Jun 16, 2009 11:24 pm)
Welcome Grant. You absolutely should be able to negotiate a lower selling price than MSRP on the Mini that you're interested in. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Negotiate as low a selling price as possible on the Mini that you're interested in and then have the dealer calculate your monthly payment using its buy rate lease money factor of .00230.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#214 of 731 Re: Cooper Hardtop in June [Car_man] by pilotman5

Jun 20, 2009 (10:00 am)

Replying to: Car_man (Jun 17, 2009 2:52 am)
Car_Man,
 
Can you please let me know what the current residual value and money factor are for a 2009 Clubman S? (Michigan, i.e. Midwest region).
 
Thanks!

#215 of 731 Mini Cooper Lease (Princeton, NJ) by jupiter475

Jun 21, 2009 (7:11 am)

I went to the Princeton, NJ Mini dealer yesterday and had a less than favorable experience. I inquired about the national lease deal and they confirmed my understanding (once on the phone, and then again in person when I went into the dealership). $999 up front (security, down payment and first month's payment) and $249 per month (plus taxes, tags, etc.) After the test drive, when it was time to talk numbers, I ended up at $340 / month and $200x up front. The $90 monthly was made up of taxes and fees. The extra $1000 in up front was primarily made up of $925 in 'bank fees'. Best I can tell, this is not included in any of the literature, and is not even included in the potential list of additional fees not included (taxes, registration, dealer fees are included as additional).
 
Has anyone else had a similar experience? I guess, more specifically, has anyone walked away with $999 up front?
 
Overall, a very unpleasant experience. I'm not sure how much of it is due to dealer shennanigans (at a minimum, they definitely handled poorly from a relationship perspective) a or legitamiately poor / unclear advertising by mini on the lease deal.

Messages Page 22 of 74

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