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MINI Cooper Lease Questions

287 messages,  Last post on Nov 30, 2009 at 7:31 AM

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

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#240 of 287 Re: clubman [smithsonga] by Car_man HOST Aug 11, 2009 (2:02 am)
Replying to: smithsonga (Jul 23, 2009 11:03 am) Hi smithsonga. Mini is not currently providing lease support on the Cooper Convertible. As a result, if you were to lease one through its captive finance company right now, you would have to use its standard lease money factor. Fortunately, its standard factor is not that bad. It probably varies slightly by region, but it should be around .00250 right now. The 36 month, 12,000 mile per year residual value for an '09 Mini Cooper Convertible S is 60%. The 10,000 mile per year residual would be 1% higher than that.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#241 of 287 Re: Good deal on the lease!!!! [gobsarv] by Car_man HOST Aug 11, 2009 (2:06 am)
Replying to: gobsarv (Jul 25, 2009 5:02 am) Hi gobsarv. I personally would not have used the money from my trade as a down payment for the lease (I would have asked for a check instead), but that does not have any impact upon whether this is a good deal or not. The easiest way for me to evaluate this deal would be for me to compare this car's MSRP and its selling price. You already mentioned one of them. Which one is the $27,036 price that you mentioned. Let us know what the other one is and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.   Car_man Host Prices Paid: Buying & Leasing Experiences Forum
#242 of 287 What's a good price? by sharkie21 Aug 13, 2009 (1:35 pm)
I'm looking to lease a 2009 mini cooper 2Dr hatchback (not s or clubman). I'm totally new to leasing a new car so please educate me in how I can come up with a competitive price. I'm from Atlanta, and taxes are 7%. Is there any other information that one would need to know before helping me determine a price. I think MSRP is 19200 with destination and handling. I plan on doing a 36 month lease and 10k/ year.   Thanks. Replies to this message: sharkie21 (Aug 13, 2009 4:34 pm) sharkie21 (Aug 13, 2009 7:16 pm)
#243 of 287 Re: What's a good price? [sharkie21] by sharkie21 Aug 13, 2009 (4:34 pm)
Replying to: sharkie21 (Aug 13, 2009 1:35 pm) I think the MSRP is actually 20450 (with 650 destination charge) and invoice is 18470. I don't think any of the dealers have the car I want though so they would need to order it. Replies to this message: sharkie21 (Aug 13, 2009 7:16 pm)
#244 of 287 Re: What's a good price? [sharkie21] by sharkie21 Aug 13, 2009 (7:16 pm)
Replying to: sharkie21 (Aug 13, 2009 4:34 pm) Oops. I really have problems getting the MSRP right. Just one of those days. Basically it's the Mini Cooper hard top 2dr hatch back auto trans with the premium package. So, 21700 MSRP. I'm also seeing that the invoice is 19595. I want to put 0 down. So after reading through numerous post I am guessing.   21700 MSRP 19595 invoice 36 month lease, 10k / year = 70% residual factor money factor of 0.0023   750 dealer incentive 725 aquistion fee   adjusted cap = 21170 (19595 + 750 + 725) residual value = 15190 (21700 * 0.70)   Total monthly payment before tax: 249.74 [(21170 + 15190) * 0.0023] + [(21170 - 15190)/36]   7% tax: 17.48   Total: 267.22   Am I doing this right? Is this a fair price to ask a dealer 267.22 / month 0 down?   Thanks in advanced for your help!
#245 of 287 Lease August 2009 by texgas Aug 15, 2009 (2:19 pm)
What is the current money factor and residual for a lease on a 2009 MINI Cooper S, for 12K and 15K miles per year? Thanks in advance. Replies to this message: Car_man (Aug 28, 2009 2:48 am) texgas (Sep 05, 2009 12:39 am) Car_man (Sep 09, 2009 2:13 am) and 7 more...
#246 of 287 warranty question by bgates222 Aug 15, 2009 (9:46 pm)
hey guys my mom leased a cooper 06 and it has about 11k miles on it. the lease was up and she decided to purchase the car now the ac is messed up. The bill of sale that she signed unfortunately says the car has been sold "as is". Doesnt the car have to be covered anyway under the original 3yr 36k mile warranty or is she screwed? thanks Replies to this message: wilemakeit (Aug 16, 2009 4:10 am)
#247 of 287 Re: warranty question [bgates222] by wilemakeit Aug 16, 2009 (4:10 am)
Replying to: bgates222 (Aug 15, 2009 9:46 pm) Since it 2009 your 3 year is up. Now if your mom leased it late in 2006 you might have some warranty left. Now I also have a 2006 Min with a non working AC. I brought it into my own mech. and he filled the AC. Now it works GREAT!. Good luck
#248 of 287 Lease for the mini hardtop (non s) HELP is needed!!! by benjaminnyc Aug 17, 2009 (5:39 pm)
Hi there, Am interested in leasing the mini hardtop , with all the add ons I want, the MSRP is about $22,000. Went to one dealership and they wanted about $3500 at sign and about $260 a month for 36 months and 12,000 miles a year. From what I read here, this is a very bad deal.   Could you please let me know, with as much info possible, 1) what would be a good deal, 2) what should be the total down payment (bank fees act..) and the monthly charge? Can I get lower than the $249 add? 3) I was told (by the agent) that with Mini you cannot negotiate the price, they use the MSRP. 4) Please be kind and give me as much information as possible, since I do not have any prior knowledge about leasing.   Thanks much! Replies to this message: 2003vrod (Sep 10, 2009 1:32 pm) Car_man (Sep 21, 2009 2:22 am)
#249 of 287 My car has arrived; anyone have the numbers for August leases by minooka Aug 22, 2009 (7:33 am)
I dread talking to the finance person and still thinking I'm just going to suck it up and buy so I'm not caught at the end of the lease.   But I want to be prepared; anyone have current money factor and residual values?   I'm going to call there today and see if I can at least get the going purchase interest rates. Replies to this message: minooka (Aug 23, 2009 1:40 pm)

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