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MINI Cooper, MINI Cooper Countryman, Car Leasing, Coupe, Convertible, Hatchback, SUV
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.
#509 of 798 Re: October Lease Residuals & Money Factors (2012 Cooper Hardtop) [msingleton]
Oct 15, 2011 (10:35 pm)
Did you pick up your Mini already ?
Any info on the residual/money factor for a 2012 mini hardtop.
#510 of 798 Re: October Lease Residuals & Money Factors (2012 Cooper Hardtop) [mini2012]
Oct 16, 2011 (4:46 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 $312 - but that lease was underwritten during the credit crunch in summer of 2008, so I paid dearly for that....
Hope this helps. If you're interested in higher mileage leases, 12K is .67 residual, and I believe 15K is .66
These rates also do not apply for the S model - which I believe has significantly lower lease residuals.
#511 of 798 Re: October Lease Residuals & Money Factors (2012 Cooper Hardtop) [msingleton]
Oct 16, 2011 (12:27 pm)
Congratulations on the new car and thank you for posting the info.
I tried putting the numbers that you gave me for a 2012 hardtop for 36 month lease but it showed me a monthly payment of 331$ (unless i am doing something wrong) . Also when I went to the dealer ship the guy there told me that " since mini is custom ordered there is no room for negotiation"...is that true ?
I wanted tech package/w nav and for that i had to custom order it. but this is what he told me how much it would cost : the car was coming out to 24800/ its a automatic mini hardtop w/tech package and automatic ac.....he told me that after 3500 down my monthly installment would be 260 inc taxes.
Any idea if what i am getting is a good deal or not and any suggestions on what i should be aiming for ?
I thought that 2012 automatic mini hardtop with moonroof/automatic AC/ harmon sound system was going for 199 ?
i am really confused...any help would be really appreciated....
thanks a lot !!
Oct 19, 2011 (5:28 pm)
I was wondering if someone could let me know if this is a good deal.
2012 mini cooper hardtop msrp at 27050.
dealer quoted a MF of .0025 and residual at 68%.
monthly payment of 322 including taxes with 2800 as down payment for 10,000 miles.
any suggestions ?
#513 of 798 Re: Hi Guys [mini2012]
Oct 19, 2011 (6:11 pm)
Doesn't sound like a good deal to me...
I ordered my mini (and to the comment above there was room for negotiation, just not a lot). I'm picking it up in two days. I got a hardtop, sunroof, heated seats, blue tooth option and manual trans. total monthly is $299. Thats 65 percent residual for 15,000 miles.
#514 of 798 Re: Hi Guys [carsearch16]
Oct 19, 2011 (6:20 pm)
could you also let me know what was the MF factor quoted to you. i think .0025 is ver high, but thats what they told me.
ALso what was the msrp of the car that you ordered and did u do any down payment ?
I am kinda bummed after todays meeting.......went there all excited and now all dissapointed.
#515 of 798 Re: October Lease Residuals & Money Factors (2012 Cooper Hardtop) [mini2012]
Oct 19, 2011 (7:50 pm)
I went to several dealerships and, I am used to getting within 1% of invoice on other makes (Nissan, Infiniti, Lexus, etc.), but with a custom mini, the lowest I could get was 7% over invoice. My Car was $27500 MSRP and I had about a $26500 purchase price.
Also, if you're using the online calculator it's not accurate. I had to build my own spreadsheet model. It was off by about $5 or so from the actual mini calculations (which I'm assuming is because their money factor and residual are more than a few decimal places). In any case, it's close enough. The dealers from what I've heard have the ability to mark up the money factor, but Mini does set the base rate (i think the max they can mark up is .0004).
Hope this helps....
Oct 22, 2011 (5:45 pm)
Hey guys wanted an opinion on this lease offer....
Msrp of the car : 23450
selling price negotiated to 22700
down payment of 2676 + 500$ rebate offered by BMW leasing (no security deposit)
dealer fee- 149 + 950 lease acquisition fee
residual - 68%
I was quoted 216 inc taxes (taxes are 3%) for a 36 months/10,000 miles.
Thnx guys !
#517 of 798 Lease question on John Couper works COUPE - JCW coupe
Nov 05, 2011 (5:28 pm)
Hi everyone and Car_man
I'd be much appreciated if anyone got an info on JCW coupe's lease info. residual value, money factor, etc on 2012 36 months 12k miles. I have an excellent credit.
thanks to all in advance.