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The Wall: BouncewithB’s 2011 MINI Cooper S

Name: BouncewithB
Location: Louisiana
What He’s Got: 2011 MINI Cooper S
What It Cost: $420/ month, 36 month 10k/year, Only 1st payment at signing. 27,900 msrp. 26,900 selling price.
My Take: Lately, I’ve become very interested in the “1st monthly only” leases where you roll the DMV, doc fee, bank acquisition and simply pay your 1st month payment. I think of this approach as a easy way to move from one lease to another without having to fork out thousands to cover the drive-off fees.  I think B’s new MINI worked out well specially since its custom ordered and definitely much cooler than previous MINI, the “Short Bus“. Just look at the rims! Wicked cool.

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2010 MINI Lease Rates – October 2010

logo_miniMy Take: I’m a bit surprised to see how high the money factor is still. Not sure I would recommend it unless a lot of lease cash and discounts can be had since the numbers don’t look too favorable this month.

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2010 Mini Cooper S
36-month | 15k miles | residual 53% | .00190 base money factor

2010 Cooper Convertible
36-month | 15k miles | residual 50% | .00190 base money factor

2010 Cooper S Convertible
36-month | 15k miles | residual 50% | .00190 base money factor

MINI Incentives from Edmunds.com

2009 MINI Cooper Lease Rates – September 2009

logo_miniUpdate: 2009 model lease rates updated. Really not a bad time to lease one. The MF is a bit high, but so is the residual, so its ok. My Take: I find it kind of weird that the 2010 rates are a bit lower than the 2009 rates on the Clubman. Is MINI trying to be more “realistic” with their residual values for the upcoming model year??? I could be wrong, but it is starting to look like it. You probably can’t order 2009 MINIs anymore, so I suggest looking at any remaing 2009 and snagging them as soon as you can. If BMWFS really decides to bring down the residuals, MINI for the 2010 model year will get that much pricier.

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2009 MINI Cooper

2009 Mini Cooper Coupe
24-month | 15k miles | residual 64% | .00223 base money factor
36-month | 15k miles | residual 62% | .00200 base money factor
48-month | 15k miles | residual 48% | .00223 base money factor

2009 Mini Cooper S Coupe
24-month | 15k miles | residual 61% | .00223 base money factor
36-month | 15k miles | residual 60% | .00205 base money factor
48-month | 15k miles | residual 46% | .00223 base money factor

2009 Mini Cooper John Cooper Works Coupe
24-month | 15k miles | residual 58% | .00223 base money factor
36-month | 15k miles | residual 52% | .00223 base money factor
48-month | 15k miles | residual 43% | .00223 base money factor

2009 Mini Cooper Clubman Coupe
24-month | 15k miles | residual 63% | .00223 base money factor
36-month | 15k miles | residual 61% | .00210 base money factor
48-month | 15k miles | residual 48% | .00223 base money factor

2009 Mini Cooper Clubman S Coupe
24-month | 15k miles | residual 62% | .00223 base money factor
36-month | 15k miles | residual 60% | .00220 base money factor
48-month | 15k miles | residual 47% | .00223 base money factor

2009 Mini Cooper Clubman John Cooper Works Coupe
24-month | 15k miles | residual 59% | .00223 base money factor
36-month | 15k miles | residual 52% | .00223 base money factor
48-month | 15k miles | residual 43% | .00223 base money factor

2009 Mini Cooper Convertible
24-month | 15k miles | residual 59% | .00223 base money factor
36-month | 15k miles | residual 54% | .00223 base money factor
48-month | 15k miles | residual 46% | .00223 base money factor

2009 Mini Cooper Convertible S
24-month | 15k miles | residual 59% | .00223 base money factor
36-month | 15k miles | residual 53% | .00223 base money factor
48-month | 15k miles | residual 45% | .00223 base money factor

2009 Mini Cooper Convertible John Cooper Works
24-month | 15k miles | residual 56% | .00223 base money factor
36-month | 15k miles | residual 51% | .00223 base money factor
48-month | 15k miles | residual 42% | .00223 base money factor

2010 MINI Cooper

2010 MINI Cooper Clubman S
36-month | 15k miles | residual 59% | .00250 base money factor

09 MINI Cooper Lease Rates – July 2009

logo_miniMy 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.

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2009 MINI Cooper

2009 Mini Cooper Coupe
24-month | 15k miles | residual 67% | .00233 base money factor
36-month | 15k miles | residual 66% | .00230 base money factor
48-month | 15k miles | residual 51% | .00233 base money factor

2009 Mini Cooper S Coupe
24-month | 15k miles | residual 63% | .00233 base money factor
36-month | 15k miles | residual 63% | .00225 base money factor
48-month | 15k miles | residual 48% | .00233 base money factor

2009 Mini Cooper John Cooper Works Coupe
24-month | 15k miles | residual 59% | .00233 base money factor
36-month | 15k miles | residual 53% | .00233 base money factor
48-month | 15k miles | residual 44% | .00233 base money factor

2009 Mini Cooper Clubman Coupe
24-month | 15k miles | residual 66% | .00233 base money factor
36-month | 15k miles | residual 63% | .00230 base money factor
48-month | 15k miles | residual 50% | .00233 base money factor

2009 Mini Cooper Clubman S Coupe
24-month | 15k miles | residual 64% | .00233 base money factor
36-month | 15k miles | residual 62% | .00230 base money factor
48-month | 15k miles | residual 48% | .00233 base money factor

2009 Mini Cooper Clubman John Cooper Works Coupe
24-month | 15k miles | residual 60% | .00233 base money factor
36-month | 15k miles | residual 53% | .00233 base money factor
48-month | 15k miles | residual 44% | .00233 base money factor

2009 Mini Cooper Convertible
24-month | 15k miles | residual 62% | .00233 base money factor
36-month | 15k miles | residual 57% | .00233 base money factor
48-month | 15k miles | residual 48% | .00233 base money factor

2009 Mini Cooper Convertible S
24-month | 15k miles | residual 61% | .00233 base money factor
36-month | 15k miles | residual 55% | .00233 base money factor
48-month | 15k miles | residual 46% | .00233 base money factor

2009 Mini Cooper Convertible John Cooper Works
24-month | 15k miles | residual 58% | .00233 base money factor
36-month | 15k miles | residual 53% | .00233 base money factor
48-month | 15k miles | residual 44% | .00233 base money factor

09 MINI Cooper Lease Rates – June 2009

logo_miniUPDATED Clubman S added! Still looking for the convertibles.

My Take: Yup, it’s true, your eyes are not deceiving you. The 36-month residual for the MINI Cooper is in fact 68%. As a matter of fact, MINIUSA is pitching a “limited-time” deal right now where you can get into a MINI Cooper for $500 drive-off and $249 a month (plus tax). The Cooper S on the other hand, doesn’t get any of that love, but is still a very strong lease. I get the feeling BMWFS is going to get shafted in 3 years for fattening the residual up so much. Whatever you can to stay afloat, right? MINI’s are NOT lease-to-buy candidates due to the high residual value. You need to simply lease and return these, so make sure you do not exceed the miles. You also don’t want to trade these in because you will more than likely lose have a lot of negative equity on them as well. Just lease and return. Or you will regret it. Remember to negotiate the sale price on the MINIs, if they are desperate enough to mess with the residuals, then they are desperate enough to make a deal.

2009 MINI Cooper

2009 MINI Cooper
36-month | 15k miles | residual 68% | .00230 base money factor

2009 MINI Cooper S
36-month | 15k miles | residual 64% | .00230 base money factor

2009 MINI Clubman S
36-month | 15k miles | residual 64% | .00230 base money factor

The 2008 Short Bus (BOUNCEwithB’s new 08 Cooper S)

Here he is all clean and purty.  My only complaint so far is the harsh runflats.  Thanks to Adam @ Brian Harris Mini for the excellent experience and the free floor mats.

Used the lease figures from G’s June post for the Cooper S.  Got 16k for my GTI.  Security deposit waived, approx 700 down to cover title, license, first month’s payment.  Right under $400/month for 36 months.

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