Last post on Jun 17, 2013 at 5:01 PM
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MINI Cooper, MINI Cooper Countryman, Car Leasing, Coupe, Convertible, Hatchback, SUV
#501 of 744 Re: 2011 Mini Cooper Hardtop Lease Question [jedieby7]
by Car_man HOST
Aug 23, 2011 (5:03 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 (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!
Sep 02, 2011 (12:41 pm)
Any word yet on the residual and money factor are from the factory for the 2012 Mini Cooper? Thanks in advance!
#504 of 744 2012 MINI Coupe S Lease
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 744 2012 September Rates
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!
#506 of 744 MINI Countryman lease numbers
Sep 24, 2011 (8:34 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 744 October Lease Residuals & Money Factors (2012 Cooper Hardtop)
Oct 12, 2011 (6:24 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 (8:45 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.
#509 of 744 Re: October Lease Residuals & Money Factors (2012 Cooper Hardtop) [msingleton]
Oct 15, 2011 (11:35 pm)
Did you pick up your Mini already ?
Any info on the residual/money factor for a 2012 mini hardtop.
#510 of 744 Re: October Lease Residuals & Money Factors (2012 Cooper Hardtop) [mini2012]
Oct 16, 2011 (5:46 am)
Yes - I picked up my Mini yesterday. The rates are VERY favorable right now for the base hardtop. For a 10K mile lease, the residual is .68 and the money factor is .00170. In addition, Mini is giving $500 cash back right now. My car was fully loaded (MSRP $27,500), and I was able to negotiate the price down to $26,350 not including the cash back (which is still about $1100 over invoice but that seems to be typical if you have to custom order a car - I couldn't get it lower at any other dealer). My monthly payments were $279/month with $0 down. Ironic, because my last 2009 hardtop was MSRP of $26,000, and with $0 down, the monthly payment was $312 - but that lease was underwritten during the credit crunch in summer of 2008, so I paid dearly for that....
Hope this helps. If you're interested in higher mileage leases, 12K is .67 residual, and I believe 15K is .66
These rates also do not apply for the S model - which I believe has significantly lower lease residuals.