2011 MINI Lease Rates – May 2011

Published 2011/05/16 by G

If you were expecting the Countryman to lease well, think again. A base model already starts in the low $300s, so once you add on a few options, expect to pay upwards of 400s. Not sure I would recommend this, specially since the RWG rating is so crummy. I’d give it a pass for now. The Cooper seems much more promising since it has a lower mf and a much higher residual.

Here is a sample calculation based on TrueCar’s Southern California sale price and do not include local taxes. Please note that your dealer calculations may vary due to local fees/taxes.

2011 Countryman
MSRP – $22,350
Sale Price – $22,117
Monthly – $319+ tax
RWG Rating – 75.7

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2011 Cooper
36-month | 15k miles | residual 65% | .00170 base money factor

2011 Cooper S
36-month | 15k miles | residual 57% | .00180 base money factor

2011 John Cooper Works
36-month | 15k miles | residual 48% | .00185 base money factor

2011 Countryman
36-month | 15k miles | residual 60% | .00185 base money factor

2011 Countryman S
36-month | 15k miles | residual 58% | .00185 base money factor

2010 MINI Cooper Lease Rates – November 2009

Published 2009/11/13 by G

logo_mini My Take: High residual values make the MINI a fairly good lease despite the higher than average money factor. Just make sure you don’t opt to buyout the lease at the end of your term and you should be fine. Despite the lower MF on the S, the Base model is the better value since the S model’s residual value is 5% lower than the Base. The good news about the S is that it’s a cheaper lease than last month.

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2010 Mini Cooper

09 MINI Cooper Lease Rates – July 2009

Published 2009/07/212009/07/22 by G

logo_mini My Take: Looks like MINI is shying away from the 24-month leases by dropping the residual close to a 36-month lease. It’s no question that the sweet spot is the 36-month lease, specially with the residual value this strong. I have to say that I am pleasantly surprised how the leasing world has began shaping up after the major credit meltdown we had last year. Sure, the $400 a month for $40,000 car leases are pretty much gone, but I was expecting things to get worse with GM, Ford and Chrysler getting out of the leasing market. Anyway, MF still a bit high, but the residual is so high that it easily offsets the money factor. This is not a keeper at lease-end though, so just turn it in.

Check out the new LIST for the recommended leases of the month.

2009 MINI Cooper

09 MINI Cooper Lease Rates for March 2009

Published 2009/03/102009/03/11 by G

logo_mini My Take: Bummer. The Cooper S went up nearly $30 bucks a month (around $1000 over the life of the lease). March isn’t exactly shaping out to be better than February when it comes to leasing. The Cooper is still a fairly affordable lease despite that increase. Just remember, no 48-month lease and watch out for the options. If it were up to me, I would simply order one. In most cases, dealers will let you lock in the March rates and still give you the option to get the new lease rate (for the delivery month) once the car arrives. So in case the lease rates drop, you could end up with a cheaper lease. If not, you can always go back to the March rates.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Mini Cooper S	$20,405	$22,600	$279	$258	$375	$324

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2009 Mini Cooper

09 MINI Cooper Lease Rates for January 2009

Published 2009/01/20 by G

My Take: Here are some more decent rates from the folks over at MINI. As expected, the residual value has dropped some since my post in November 2008 (about 5%). However, BMWFS did compensate by dropping the money factor a bit. I don’t think its enough to make it a better deal than November, but considering all the terrible leases I’ve seen this January, I think this one is actually still fairly good. The residuals will continue to drop til the 2010 models arrive and the money factors will fluctuate up and dow from month-to-month. If you are looking to catch a nice deal on a lease, research diligently. I compare this to playing the stock market or buying a home, you snap it up when you think its best. You won’t always catch the lower rates, so just go with your gut instincts.
Here’s a scenerio for ya. I equipped a Cooper S with Premium/Sport/Convenience/Aero packages + auto tranny + xenon lights for about $29,600 MSRP. With some haggling, I’m thinking a $500 discount could be attained, dropping the cap cost to about $29,100. At this price, a 36mo/10k lease would run me about $399 after taxes (8.25% CA tax). Not bad huh? At 12k miles per year, that payment goes up to $408 a month. Take off a few packages and you’ll see this number drop.

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Mini Cooper S	$20,405	$22,600	$247	$244	$343	$310

NOTE: Estimates assuming the following conditions:

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.

2009 Mini Cooper January Lease Rates

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November 2008 Lease Rates for 09 MINI Cooper

Published 2008/11/11 by G

My Take: This month’s MINI Cooper S lease rates are pretty weird. The 24 month lease at invoice is actually cheaper than the 36 month lease at invoice. However, if you get it at MSRP, the 24 month lease is more expensive than the 36 month lease. That means that you should probably go with the MSRP pricing because MINI doesn’t discount their cars much, if any. Relatively cheap, but keep in mind that the more options you add, the more expensive this car gets. It is safe to say that your lease will probably start at around $286 and go up from there depending on your options. I’ve been trying to get the wife to warm up to the idea of leasing a MINI when her TSX is up but she’s not biting. I guess she’s more of a Mercedes Benz type of gal. LOL. Oh boy!

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			At Invoice		At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Mini Cooper S	$20,405	$22,600	$206	$219	$303	$286

Inception fees (1st month payment, DMV, doc fee, bank fee, tire tax and possible security deposit) will be paid at signing.
Local Taxes not included.
24-month/15k and 36-month/15k terms.
All cars are stock, without any options.
Cars ranked from lowest payment to highest payment.
Yellow boxes denotes “lowest” lease payments for each car.

2009 Mini Cooper S Coupe
24 Month – Residual 78% of MSRP – .00239 Base Rate
36 Month – Residual 69% of MSRP – .00239 Base Rate
48 Month – Residual 58% of MSRP – .00239 Base Rate

QUICK LINKS:
LEASE CALCULATOR (requires MS Excel)
THE LIST, monthly list of car rankings on monthly payments

2009 Mini Cooper Coupe
24 Month – Residual 78% of MSRP – .00239 Base Rate
36 Month – Residual 69% of MSRP – .00239 Base Rate
48 Month – Residual 57% of MSRP – .00239 Base Rate

2009 Mini Cooper John Cooper Works Coupe
24 Month – Residual 74% of MSRP – .00239 Base Rate
36 Month – Residual 65% of MSRP – .00239 Base Rate
48 Month – Residual 55% of MSRP – .00239 Base Rat

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For those who lease cars

John Cooper Works