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MINI Cooper Lease Questions

287 messages,  Last post on Nov 30, 2009 at 7:31 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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#252 of 287
Lease rates for a Clubman S? by jmitchell74
Aug 29, 2009 (6:10 am)
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Thanks for all the great info already on this thread!
 
I'm about to order a Clubman S and looking at a 10k mi/yr or 12k mi/yr lease.
 
Car_man, you mentioned that the rates are different for each model, do you have the current rates for the Club S? Also, does anyone know for sure if these rates can be locked in on a car that is ordered? And lastly it seems like they may be transitioning to the 2010 model year--does that mean completely new rates?
 
Thanks so much in advance, glad a forum like this is around.
 
Jonathan
#253 of 287
Cooper Hardtop by benjaminnyc
Aug 31, 2009 (5:54 pm)
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Hello Car Man,
I am about the pull the trigger for the Cooper Hardop with MSRP of $22,700.
Could you please let me know what would be a good price for leasing, 3 years, 15K a year? minimum downpayment
Thanks much, Ben
#254 of 287
Re: Lease September 2009 [Car_man] by texgas
Sep 05, 2009 (12:39 am)
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Replying to: Car_man (Aug 28, 2009 2:48 am)

Hi Car man, thank you for the info. My ordered 2009 Mini Cooper S won't come until Sept 21. Are the lease numbers for Sept different than August? Thank you in advance.
#255 of 287
Re: Lease rates for a Clubman S? [jmitchell74] by Car_man HOST
Sep 09, 2009 (2:08 am)
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Replying to: jmitchell74 (Aug 29, 2009 6:10 am)

You're very welcome, Jonathan. I'm glad that you find this discussion so helpful. Mini's September buy rate lease money factor and residual value for a 36 month lease of a 2009 Cooper Clubman S with 12,000 miles per year are .00220 and 62%, respectively. The residual value for a lease with only 10,000 miles per year would be 1% higher.
 
BMW allows consumers to lock in a lease program on a vehicle that they are ordering, so I don't see why one wouldn't be able to do so on a Mini. Having said this, I doubt that one can order a 2009 Cooper any more. Any order would have to be on a 2010 model, which doesn't have any lease support on it yet.
 
The standard lease program on the 2010 version of this car isn't that bad though. The numbers for an otherwise identical lease on a '10 model would be .00250 and 61% (36 mo., 12k).
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#256 of 287
Re: Cooper Hardtop [benjaminnyc] by Car_man HOST
Sep 09, 2009 (2:11 am)
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Replying to: benjaminnyc (Aug 31, 2009 5:54 pm)

Hello Ben. Mini's current buy rate lease money factor and residual value for a 36 month lease of a base 2009 Cooper Hardtop with 15,000 miles per year are .00200 and 62%, respectively.
 
As far as a down payment on your lease goes, I always advise consumers not to put money down when leasing. Lessees who make down payments on their vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. You can and should go with a zero down lease. Even though it means that your monthly payment will be a little higher, it will be much safer.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#257 of 287
Re: Lease September 2009 [texgas] by Car_man HOST
Sep 09, 2009 (2:13 am)
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Replying to: texgas (Sep 05, 2009 12:39 am)

No problem, texgas. This car's September lease program is slightly different. Its Sept. buy rate lease money factor and residual value for a 36 month lease of an '09 Cooper S with 15,000 miles per year are .00205 and 60%.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#258 of 287
Re: Lease for the mini or buy used by 2003vrod
Sep 10, 2009 (1:32 pm)
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Replying to: benjaminnyc (Aug 17, 2009 5:39 pm)

I have a limited amount of money monthly right now and own a beautiful motorcycle that I don't want to trade in so leasing seems like a good idea since I take such good care of a car. My mileage is regular to less than 12,000. Am I crazy or can one lease a MINI for 240 per month? A 2009 is fine but like the convertible S model. All the extras don't matter at this time. Any advice from experience out there? I am in northern ca.... I was thinking since I only will drive it winter months I could go used like a 2003? A MINI owner freak about the car says don't buy under 2005 they had problems... ?? Help
#259 of 287
Re: Lease September 2009 [Car_man] by zoran
Sep 13, 2009 (10:33 pm)
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Replying to: Car_man (Sep 09, 2009 2:13 am)

I am in market to order 2010 mini coupe ,can u please help me with sept lease rates for 3 years/30k miles lease? thanks
#260 of 287
Re: Lease for the mini or buy used [2003vrod] by Car_man HOST
Sep 21, 2009 (2:22 am)
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Replying to: 2003vrod (Sep 10, 2009 1:32 pm)

Hi 2003vrod. I bet that I can guess what bike you own . In your post you mentioned that you are interested in leasing a Mini for $240 per month. Interestingly, that's close to the advertised payment that Mini is touting right now (sometimes it appears on the right side of this page in the add). Mini is currently promoting a $249 per month lease on a base Cooper Hardtop. Of course, this lease requires a $1,000 down payment and your monthly payment would be higher if you are in a state that charges sales tax (which unfortunately most of us are ).
 
Unfortunately, you definitely will not be able to lease a Cooper convertible for $240 per month. You certainly will save money by going with a used car, but you will not be able to lease a used one. You would have to finance it instead. Plus, used Minis actually tend to hold their value fairly well.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#261 of 287
Re: Lease September 2009 [zoran] by Car_man HOST
Sep 21, 2009 (2:24 am)
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Replying to: zoran (Sep 13, 2009 10:33 pm)

Hi zoran. Here's the information that you're looking for. Mini's current buy rate lease money factor and residual value for a 36 month lease of a base 2010 Mini Coupe with 10,000 miles per year are .00250 and 64%, respectively.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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