Last post on Nov 25, 2013 at 4:06 PM
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MINI Cooper, MINI Cooper Countryman, Car Leasing, Coupe, Convertible, Hatchback, SUV
#499 of 798 2011 Mini Cooper Hardtop Lease Question
Aug 20, 2011 (7:30 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.
#500 of 798 Re: 2011 Cooper S [dpsilva]
Aug 23, 2011 (3:56 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.
Prices Paid: Buying & Leasing Experiences Forum
#501 of 798 Re: 2011 Mini Cooper Hardtop Lease Question [jedieby7]
Aug 23, 2011 (4:03 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.
Prices Paid: Buying & Leasing Experiences Forum
Aug 24, 2011 (8:07 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!
Sep 02, 2011 (11:41 am)
Any word yet on the residual and money factor are from the factory for the 2012 Mini Cooper? Thanks in advance!
#504 of 798 2012 MINI Coupe S Lease
Sep 05, 2011 (8:19 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 798 2012 September Rates
Sep 16, 2011 (4:48 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!
#506 of 798 MINI Countryman lease numbers
Sep 24, 2011 (7:34 pm)
Does anyone know what I should expect for Money Factor and Residual percent for a 36 month lease with 10,000 miles per year (in Southeastern PA) for:
MINI Countryman - assume MSRP of $24,700
MINI Countryman S - assume MSRP of $28,050
I'm assuming, since these vehicles are so popular, that I should not expect a discount from MSRP, correct?
Also - do you know if there are any up-front charges with the MINI lease? (Finance charges).
Basically, I want to know what the "Money due at signing" and the "monthly payment" would be ... along with the MF and Residual value used to calculate them.
#507 of 798 October Lease Residuals & Money Factors (2012 Cooper Hardtop)
Oct 12, 2011 (5:24 am)
I was hoping someone might be able to share the current residuals and money factors for 2012 Cooper Hardtop Base for 10/12/15K mile 36-month leases (assuming top tier credit). My Cooper is being picked up this Saturday, and I have a feeling the dealer is marking up the money factor (was quoted at .00170 last month, but now they say it has gone higher and I don't believe them).
Thanks in advance for any help you may be able to provide!
Oct 14, 2011 (7:45 pm)
I was wondering if anyone had any information on the 2012 Mini coupe. I am planning to go to the dealership tomorrow and would appreciate if anyone could tell me the current residual/money factor for it. Also should I be expecting to get anything off the MSRP since it is a new model.
Also what is the current residual/money factor for a mini cooper hardtop and are there any incentives/manufacturer rebates going on.
Thanks in advance guys.