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MINI Cooper Lease Questions

729 messages,  Last post on May 19, 2013 at 9:02 PM

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

Messages Page 51 of 74

#496 of 729 Re: 2011 Cooper S [dpsilva] by Car_man HOST

Aug 16, 2011 (4:45 pm)

Replying to: dpsilva (Aug 13, 2011 9:50 pm)
Hi Dan. This car's lease payment will depend upon what its selling price is. For now I will assume that you are being given a $1,000 discount. Let me know the exact selling price that you are shooting for and I can use that.
 
According to my calculations, if you were to lease a 2011 Mini Cooper S that has an MSRP of $27,500 and a selling price of $26,500 through its captive finance company right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $330 for consumers who qualify for its top credit tiers.
 
The numbers for an otherwise identical lease with a $6,000 capitalized cost reduction would be only $153. Having said that, it is definitely in your best interest as a consumer to put as little money down as possible when leasing. Consumers who make large down payments when leasing risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.
 
I used a money factor of .00170 and a residual value of 63% to arrive at the above payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#497 of 729 Re: 2012 MC-S and JCW [otto_man] by Car_man HOST

Aug 16, 2011 (5:03 pm)

Replying to: otto_man (Aug 14, 2011 7:51 am)
Hello otto_man. Mini's August buy rate lease money factor and residual value for a 36 month lease of a 2012 Cooper S Hardtop with 15,000 miles per year are .00170 and 58%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical lease of a 2012 John Cooper Works Hardtop are .00175 and 50%.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#498 of 729 Re: 2011 Cooper S [Car_man] by dpsilva

Aug 16, 2011 (5:39 pm)

Replying to: Car_man (Aug 16, 2011 4:45 pm)
That was the most thorough answer I have ever received. Your the man Car man!
 
Quick question: How do you receive a $1000 discount on MSRP using the captive finance program?
 
I unfortunately qualify for probably the lowest tier of credit since I have just graduated college and I have never used credit in my entire life. Would you recommend financing or leasing in my case?
 
Once again thank you very much for your time.

#499 of 729 2011 Mini Cooper Hardtop Lease Question by jedieby7

Aug 20, 2011 (8:30 pm)

Hey Car man,
  
I was wondering if you could tell me what I can expect to pay in lease payments for a 2011 Cooper Hardtop with a MSRP $27374. I'm looking at 24 or 36 months. I would like to put less than $1,000 down. I also need to have a lease that's going to let me put between 20K-25K miles/year. I've got quite a commute.
  
A MF and RV would be helpful as well,
  
Thank you in advance.
  
Eb

#500 of 729 Re: 2011 Cooper S [dpsilva] by Car_man HOST

Aug 23, 2011 (4:56 pm)

Replying to: dpsilva (Aug 16, 2011 5:39 pm)
You're welcome dpsilva. There's nothing wrong with leasing or financing. Leasing will provide you with lower monthly payments, but of course you won't own your vehicle at the end of your lease and you will if you choose to finance it.
 
The selling prices of leased or financed vehicles are negotiable, just as if you were paying cash for them. Perhaps a $1,000 discount is a little too aggressive, but you should shoot for as large a dealer discount as you can get.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#501 of 729 Re: 2011 Mini Cooper Hardtop Lease Question [jedieby7] by Car_man HOST

Aug 23, 2011 (5:03 pm)

Replying to: jedieby7 (Aug 20, 2011 8:30 pm)
Hi jedieby7. Mini's current buy rate lease money factor and residual value for a 24 month lease of a 2011 Cooper Hardtop with 15,000 miles per year are .00175 and 64%, respectively for consumers who qualify for its top credit tier.
 
The numbers for an otherwise identical 36 month lease are .00170 and 65%.
 
I believe that 15,000 miles per year is the highest mileage allowance that Mini publishes residual values for. If you need to drive more than that you will have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
 
Your monthly payment will depend upon what sort of dealer discount you are able to negotiate. For now I will assume $500 off. Let me know if you want something different.
 
According to my calculations, if you were to lease this car for 24 month with 15,000 miles per year, its zero down, pre-tax monthly payment would be around $468. The payment for an otherwise identical 36 month lease is a much more attractive $329.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#502 of 729 Car Man, by clubman2

Aug 24, 2011 (9:07 pm)

I'm meeting with the dealership on Friday to order a 2012 mini cooper clubman. This will be my second clubman with this dealership. They have done an extensive amount of warranty work on my first clubman. I'm way under mileage by approximately11,000 miles (lease up in January). The quote they gave me was $316 with tax for a car costing $26750. 36 months and 10,000 miles a year. I'm willing to put up to $3,500 down to get the monthly lease under $300 with tax. This seems high as when I use the Mini cooper build a car, the car costs 27,300 (without destination fee) and their system gives me a monthly lease of $267. without tax. My credit rating is high.
 
Any help would be greatly appreciated!

#503 of 729 September 2011 by spudmobile

Sep 02, 2011 (12:41 pm)

Replying to: Car_man (Aug 31, 2005 5:01 pm)
Any word yet on the residual and money factor are from the factory for the 2012 Mini Cooper? Thanks in advance!

#504 of 729 2012 MINI Coupe S Lease by pezradar

Sep 05, 2011 (9:19 am)

Hi Car Man -
 
Have you heard or gotten any information regarding the new MINI Coupe (This is the new model that is a 2 seater that MINI has now started taking orders on).
 
I have an order for a 2012 MINI Coupe S at my dealership that will be delivered in early November. Not planning on any discounts since it is a brand new model/car.
 
MSRP - 31,150
 
I'm looking at 36 or 48 month leases.. 12,000 - 15,000 miles per year.
 
I do plan on putting down about 2,000 - 2,500 per month to lower the payments.
 
Any info you may have would be greatly appreciated! Thanks!

#505 of 729 2012 September Rates by bmwi6

Sep 16, 2011 (5:48 am)

Hi Car Man! Can you please tell me what the residual and money factor is on a 2012 Cooper S and Jhon Cooper Works for 36 months and 15,000 miles a year. Thank you very much!

Messages Page 51 of 74

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