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MINI Cooper Lease Questions

286 messages,  Last post on Nov 19, 2009 at 7:48 AM

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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#227 of 286
Re: New to leasing plus ordering a car [kyfdx] by minooka
Jul 11, 2009 (8:02 am)
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Replying to: kyfdx (Jul 11, 2009 7:38 am)

Thank you for the response.
 
Yes, that does make sense. Albeit counter intuitive to my thought process so I'm glad I asked. I'll try for -$1500 and see if I can land at -$1000.
 
Can anyone respond regarding the money factor question? Is that a set number or is there a number I should be aiming for?
#228 of 286
Re: New to leasing plus ordering a car [minooka] by kyfdx HOST
Jul 11, 2009 (8:06 am)
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Replying to: minooka (Jul 11, 2009 8:02 am)

Car_man has the inside info on the leasing programs..
 
I know that last month, the money factor was .0023, but I haven't seen or heard about July's numbers..
 
BMWFS (or MINI FS.. same thing) has a pass/fail system for lease rates.. if you qualify, you qualify... However, dealers are allowed to mark up the base rate by .0004 for extra profit (and, most do). You want to shoot for the base rate, without markup..
 
regards,
kyfdx
#229 of 286
Re: New to leasing plus ordering a car [kyfdx] by minooka
Jul 11, 2009 (9:07 am)
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Replying to: kyfdx (Jul 11, 2009 8:06 am)

Again, thank you kyfdx! I found a site that walked me through a calculation so I have a bit better understanding of how it all works.
 
I shouldn't have a problem getting a lease, but with the finance markets the way they are, who knows. I'd really rather buy but with the economic climate (job market) the way it is, I'd rather be safe with a lower monthly payment.
 
Car_Man if you are out there, do you know the current residual value?
 
I'm curious as to how/why it changes every month. Not necessary for actually getting a car, just curious in general.
#230 of 286
clubman by hull22
Jul 11, 2009 (2:34 pm)
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Car_man,
What are the July lease rates for the Mini Cooper Clubman? Also, do the current Mini lease special requiring taking delivery by a certain date, meaning you can't special order a car and get the lease special?
 
Jacob
#232 of 286
Re: Cooper Hardtop in June [pilotman5] by Car_man HOST
Jul 22, 2009 (1:55 am)
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Replying to: pilotman5 (Jun 20, 2009 9:00 am)

Hi pilotman5. According to the latest information that I have seen, Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Cooper Clubman S with 15,000 miles per year are .00230 and 62%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#233 of 286
Re: july lease program [atrajan] by Car_man HOST
Jul 22, 2009 (1:57 am)
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Replying to: atrajan (Jul 02, 2009 9:03 pm)

Hi atrajan. I have seen Mini's July lease program and I would be happy to fill you in on the details of it. However, its money factors and residual values vary by trim level, term, and mileage allowance. Let me know exactly what these variables are and I will let you know what the program is like.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#234 of 286
Re: New to leasing plus ordering a car [minooka] by Car_man HOST
Jul 22, 2009 (2:01 am)
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Replying to: minooka (Jul 11, 2009 9:07 am)

Hi minooka. Mini's residual values vary by trim level, term (aka length of lease), and mileage allowance. Let me know what these numbers are and I'll gladly provide you with the number that you're looking for.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#235 of 286
Re: clubman [hull22] by Car_man HOST
Jul 22, 2009 (2:09 am)
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Replying to: hull22 (Jul 11, 2009 2:34 pm)

Hello Jacob. Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2009 Cooper Clubman (non-S) with 15,000 miles per year are .00230 and 63%, respectively. I believe that this lease program is scheduled to run through the end of the month. Having said this, many manufacturers' captive finance companies allow consumers who order vehicles to lock in the lease program that is available at the time that they place their order. If you're interested in doing so, make sure to ask the dealer if this is an option.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#236 of 286
Re: clubman [Car_man] by smithsonga
Jul 23, 2009 (11:03 am)
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Replying to: Car_man (Jul 22, 2009 2:09 am)

what are the lease rates for a Cooper S Convertble? 10k and 12k miles, thx.

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