Ask the Car People.SM


MINI Cooper Lease Questions

731 messages,  Last post on May 23, 2013 at 4:34 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

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

Messages Page 74 of 74

#722 of 731 Lease on 2013 Countryman for 12K/36 months by fancybritches

May 10, 2013 (6:33 am)

I've never lease a car before, and I am currently negotiating a lease on a 2013 MINI Countryman. The advertised rate is $245/mo based on $23,000 MSRP. I've gotten the price down on this one (heavily optioned) to $24,800. That $1,800 difference, apparently, bumps the payments up to $273/month for 10K miles or $280 for 12K miles (with advertised cash due at signing). Does that sound right? Can you tell me the actual money factor and residual for this lease?

#723 of 731 Re: Newbie doing research [jccs] by Car_man HOST

May 12, 2013 (2:40 pm)

Replying to: jccs (Apr 29, 2013 11:20 pm)
Hi jccs. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Cooper Hardtop with 10,000 miles per year are .00125 and I believe 66% for consumers who qualify for its top credit tier.
 
I think that Mini is only providing support on 36-month leases right now, so it probably doesn't make sense to go with a 24-month lease at this time.
 
I haven't seen the factors for other tiers, but I can look into it.
 
Wow, you bought your parents a cruise? That was really nice .
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#724 of 731 Re: 2013 Mini Cooper S Hardtop [dk512] by Car_man HOST

May 12, 2013 (2:40 pm)

Replying to: dk512 (Apr 30, 2013 3:24 pm)
You're very welcome. Enjoy your new ride !
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#725 of 731 Re: Mini Cooper Convertible #s for may? [mveloso] by Car_man HOST

May 12, 2013 (2:42 pm)

Replying to: mveloso (May 02, 2013 11:41 am)
Here you go mveloso. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Mini Cooper Convertible with 12,000 miles per year are .00125 and 57% for consumers who qualify for its top credit tiers.
 
The residual value for a lease with 10,000 miles per year would be 1% higher.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#726 of 731 Re: Mini Cooper Convertibles for May [speck37] by Car_man HOST

May 12, 2013 (2:44 pm)

Replying to: speck37 (May 02, 2013 12:09 pm)
Certainly speck37. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Cooper S Convertible with 15,000 miles per year are .00125 and 55% for consumers who qualify for its top credit tiers.
 
You're absolutely right. The lease payment waiver that Mini was providing on this car was replaced with the $500 You-ification credit, which is now compatible with leases.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#727 of 731 Re: Lease on 2013 Countryman for 12K/36 months [fancybritches] by Car_man HOST

May 12, 2013 (2:47 pm)

Replying to: fancybritches (May 10, 2013 6:33 am)
Hi fancybritches. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
 
Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Countryman with 12,000 miles per year are .00125 and 58% for consumers who qualify for its top credit tier.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#728 of 731 Tier 2 by jccs

May 13, 2013 (10:19 pm)

Thank you Carman, my credit score still hasn't updated. It would be fantastic if you could provide me with Tier 2 figures. Thanks a lot

#729 of 731 Re: Lease on 2013 Countryman for 12K/36 months [Car_man] by rrrosenfeld

May 19, 2013 (9:02 pm)

Replying to: Car_man (May 12, 2013 2:47 pm)
Great info guys.....Curious what the Money Factor and Residual Value would be for a 2013 Mini S Clubman for 12k and 15K would be?
 
Thanks a ton, been doing a bunch of research and glad I stumbled on this thread.
 
RRR

#730 of 731 Re: Tier 2 [jccs] by Car_man HOST

May 23, 2013 (4:30 pm)

Replying to: jccs (May 13, 2013 10:19 pm)
You're welcome jccs. There's some sort of adder for higher credit tiers. I'll have to see if I can find out what it is.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#731 of 731 Re: Lease on 2013 Countryman for 12K/36 months [rrrosenfeld] by Car_man HOST

May 23, 2013 (4:34 pm)

Replying to: rrrosenfeld (May 19, 2013 9:02 pm)
I'm glad that you've found this discussion so helpful, rrrosenfeld. Mini Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 Clubman S with 15,000 miles per year are .00125 and 60% for consumers who qualify for its top credit tier.
 
The residual value for a lease with 12,000 miles per year are 2%.
 
There is a $500 cash incentive on leases of this car right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 74 of 74

To POST a message, please Sign In.

Advertisement

Browse by Category

Browse by Vehicle
   View All Vehicles

Browse by Board
Browse by Topic
View All Topics

Edmunds Community

Advertisement