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MINI Cooper Lease Questions

728 messages,  Last post on May 13, 2013 at 10:19 PM

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

Messages Page 36 of 74

#342 of 728 Re: 2010 mini cooper S [sparkangelo] by delta737h

Aug 19, 2010 (3:21 pm)

Replying to: sparkangelo (Aug 19, 2010 6:24 am)
sparkangelo,
 
My forensic analysis provides the following results...
 
MSRP........................................................ 28,100.00
 
Sell Price................................................... 26,604.43
 
Amounts Financed
NY Sales tax 8.875%............................... 1,186.91
 
Gross Cap.................................................. 27,791.34
Cap Reduction............................................ 0.00
Adjusted Cap............................................. 27,791.34
 
Residual Factor.......................................... 62%
Residual Value........................................... 17,422.00
 
Money Factor............................................. 0.00175
Term.......................................................... 39
 
Monthly Payment....................................... 345.00
Pre-Tax Payment....................................... 312.49
 
NY Sales Tax............................................. 8.875%
 
All your data was correctly calculated, although, I could be a few pennies off due to rounding convention. The two most important items in any lease transaction are the selling price and money factor. If you qualify, be sure your money factor is the buy rate which is the rate with zero dealer profit (i.e., 0% reserves).
 
I have no idea how good your selling price is without doing research. You should check Edmund's invoice pricing and incentives if you haven't already done so. Also check...
 
http://cars.overstock.com/combined-new.service?makeId=2255&postalCode=10023
 
for competitive low prices in your area.
 
John

#344 of 728 Re: 2010 mini cooper S [sparkangelo] by delta737h

Aug 22, 2010 (7:03 am)

Replying to: sparkangelo (Aug 19, 2010 6:24 am)
You said...
 
"They had another vehicle with MSRP of 26,750 for 329 all in. which is a better deal? are both good deals?"
 
Given only an MSRP and payment, not even God could answer those questions. Too much information is missing.
 
John

#345 of 728 Re: cooper s [Car_man] by pjsage

Sep 02, 2010 (1:44 pm)

Replying to: Car_man (Aug 09, 2010 3:55 am)
Hi Car Man.
 
As always thanks for the awesome info. One thing I noticed is a difference between the MF you quote and that paid by some recent posters (e.g. post 342 of 0.000175).
 
I think I worked out that the difference is mostly because no acquisition fee was paid (it was priced into the MF at 0.00035 per another poster) I say mostly because the term is also different 36M vs 39m.
 
Is this correct?
 
General question - are you able to post the MF both with and without fee and also post the amount of fee?

#346 of 728 2011 Mini-S Lease Rates by sturner6

Sep 11, 2010 (8:35 pm)

Car Man, You seem to be the resident Guru when it comes to Lease rates. Can you possibly tell me the money factor for the 2011 Mini Cooper-S on a 36 month/12k miles per yr lease? Or if it's just too early to know, do you think the MF apparent in the quote below is reasonable or not?
 
Dealer confirmed that residual was 62% but reverse-engineering the quote I got gives me a Money Factor at 0.002083 which seems pretty high (5%) even for a new model year.
 
Here are the stats:
MSRP = $26250
Sale Price = $25200
==================== 36 month lease w/ 12k miles per year
Acquisition Fee = $925
Base Payment = $375.86
Tax = $22.55
TTL Monthly Payment = $398.41
RESIDUAL = $16399 = 62%
 

#347 of 728 Re: cooper s [hooch7] by Car_man HOST

Sep 27, 2010 (3:49 am)

Replying to: hooch7 (Aug 12, 2010 7:49 am)
You're very welcome, hooch7. Mini's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mini Cooper Clubman S with 15,000 miles per year are .00190 and 55%, respectively for consumers who qualify for its top credit tiers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#348 of 728 Re: cooper s [pjsage] by Car_man HOST

Sep 27, 2010 (3:53 am)

Replying to: pjsage (Sep 02, 2010 1:44 pm)
Hi pjsage. You are correct, Mini will waive its acquisition fee requirement in exchange for an increase of .00035 in the money factor that is used to calculate a vehicle's monthly payment.
 
According to the latest information that I have seen, Mini's September buy rate lease money factor for the 2010 Cooper S is .00190 for consumers who qualify for its top credit tiers. This factor is with the payment of the acquisition fee at lease signing.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#349 of 728 Re: 2011 Mini-S Lease Rates [sturner6] by Car_man HOST

Sep 27, 2010 (3:58 am)

Replying to: sturner6 (Sep 11, 2010 8:35 pm)
I'd be happy to help you out, sturner6.
 
According to the latest information that I have seen, Mini's September buy rate lease money factor and residual value for a 36 month lease of a 2011 Mini Cooper S with 12,000 miles per year are .00230 and 57%, respectively for consumers who qualify for its top credit tiers.
 
Mini isn't providing any support on 2011 models yet. .00230 really isn't that bad for a standard money factor. I've definitely seen much worse.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#350 of 728 2010 Mini-S MF/residual by lazieepetey

Sep 30, 2010 (1:41 pm)

Hi Car_man, you are the man here, so I must ask you!
i've seen rates for 2011 coopers floating around, but not very clear on the 2010 remaining stock. Could you help me with the rates for cooper S 15k/36m? seems like paying the acquisition will drop the MF down, so I don't mind pay that.
 
Thanks in advance!

#351 of 728 Leasing/Money Factor Rates by minibibi

Oct 02, 2010 (6:07 am)

Hi...I'm in the market for a 2010 Mini Cooper Convertible and am working with two dealers and neither is too keen on providing me with too much information. I know I qualify for the BMW Financial’s Elite status.
 
I need to know the residual and money factor on two different cars: the 2010 Mini Cooper Convertible base model and also a 2010 Mini Cooper S Convertible that is an executive demo. I have been unable to find the money factor for October, but I’ll settle for September number in order to have an idea of what I’m looking at.
Any help would be greatly appreciated!

Messages Page 36 of 74

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