09 MINI Cooper Lease Rates for February 2009

Published 2009/02/11 by G

My Take: MINI Cooper, how I love thee! This is one ride I hope keeps leasing well forever. This is probably the one and only ride that keeps its value so well, any money factor still makes this ride a good deal. The residual dropped .0001 from last month. Not astronomical, but it only makes the lease cheaper. So if you leased the MINI last month, don’t feel bad, it isn’t that much different this month, just about 20 bucks on a 36-month lease. Remember to watch out for your addon options. Get too carried away and you’ll be paying more than $400 a month for one these puppies.

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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	$243	$224	$339	$289

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 February Lease Rates

DO NOT LEASE

Nope, none here, I can’t recommend this ride enough if it fits your needs. The only thing you should watch out for is the “padded” money factors the dealers like to quote.

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

The Wall: Warren’s 2008 MINI Cooper

Published 2009/01/232010/01/20 by G

This is an unique WALL post because not only did I get a cool Silver/Black MINI Cooper to post on the WALL, but I also got a pretty good question (that I think many of you are wondering) to answer. So here’s the question from Warren in CA:

FEATURE QUESTION it seems like the MINI is still one of the better choices for leasing. I think this may only be the case for a few brands though as I recently read an article on CNN saying “cheap leases are disappearing”

For the most part I think they are right with a few exceptions. My question is, do you think we can expect the leasing business to be a thing of the past or is this just a direct result of what’s happening in the auto industry and the economy, in general?
I would guess this is just a slowdown in leasing business, and we’ll eventually see it return once the problems in the economy, credit crunch are resolved. Since this MINI Cooper was my first lease, I am hoping I’ll be able to lease in the future. I am a firm believer in the concept, and when one does all the math, it makes sense under the right conditions.

My Take: I think leasing will stick around for the most part, although, I do agree (to an extent) that cheap leases are going away. The economy certainly has had a significant impact on the leasing business, but I don’t think it will eliminate leasing completely. There is good money to be made on leases, specially for manufacturers that make vehicles that hold exceptional value. Previously leased vehicles can be resold as CPOs for a sizeable profit (they go for thousands more than used cars and dealers spend next to nothing on reconditioning). I can see GM, Ford leaving the leasing business completely, but the Hondas, Toyotas and Nissans of the world will probably keep leasing their more “popular” models at reasonable rates. I do think that finding a G37 for $360 + tax a month is a thing of the past though. The same can be said for the TLs and IS models. I think MINIs will be safe for the most part because of their resale value. As long as people want them, they will keep leasing them. The pattern is pretty obvious now. If we dig through the BMW, Mercedes, Acura, Infiniti line up, we’ll see how their popular models have the higher residual value, making them ideal for leasing.

I’d also like to add that the key now is to know how to look for the good leases and doing your homework in advance. The deals will be there, you just have to dig for them. Those who don’t will be the ones that hop on Yahoo! Answers and ask how they can get off their leases because it’s too expensive. Leasing, in the short run, is usually more economical than buying. Buying is usually best for less popular models and if you plan on keeping the car beyond 6 years.

Name: Warren
Location: California

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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.

			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

Don’t like what you see? Visit Leasecompare.com and see what 3rd party banks offer!

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

October 2008 Lease Rate for 08/09 MINI Cooper

Published 2008/10/13 by G

My Take: The MINI Coopers are looking quite good this month with the 09 models out, you can take advantange of the super high residual values. The money factors are less than desirable, but the residual does help offset the high interest. Word of caution, this car has boat load of options, the more you add, the more expensive it gets. There aren’t any major inceptives here, but you can probably get the lowest rate without a security deposit. Expect payments in the mid-$300 to high-$300 range for a well-equipped model of the Cooper S and high-$200, low-$300 for the base Cooper.

			At Invoice			At MSRP
Make/Model	Invoice	MSRP	24-month	36-month	24-month	36-month
09 Mini Cooper Coupe	$17,345	$19,200	$176	$187	$258	$242
09 Mini Cooper Coupe S	$20,405	$22,600	$206	$220	$303	$286

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 Coupe S
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 John Cooper Works
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 Rate

2008 Mini Cooper Coupe
24 Month – Residual 73% of MSRP – .00219 Base Rate
36 Month – Residual 64% of MSRP – .00219 Base Rate
48 Month – Residual 54% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe S
24 Month – Residual 70% of MSRP – .00219 Base Rate
36 Month – Residual 61% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman
24 Month – Residual 71% of MSRP – .00219 Base Rate
36 Month – Residual 63% of MSRP – .00219 Base Rate
48 Month – Residual 53% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman S
24 Month – Residual 69% of MSRP – .00219 Base Rate
36 Month – Residual 61% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible
24 Month – Residual 64% of MSRP – .00219 Base Rate
36 Month – Residual 57% of MSRP – .00219 Base Rate
48 Month – Residual 47% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible S
24 Month – Residual 65% of MSRP – .00219 Base Rate
36 Month – Residual 57% of MSRP – .00219 Base Rate
48 Month – Residual 48% of MSRP – .00219 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.com

August 2008 Lease Rate 08 MINI Cooper

Published 2008/08/162009/02/25 by G

My Take: You won’t find any discounts here unfortunately. You want a MINI? Order one. You want a deal? You probably won’t find one anywhere. Dealers are known to jack up the MF to make extra cash, so be aware of that. Seems like a common BMW practice so I am not surprised. These babies seem to be very popular these days because of their fuel efficient and go-kart manners.

MINI Cooper S + Lounge Leather + Convenience + Premium + Metallic Paint
MSRP $27,350
Invoice $24,762
Standard inception fees + tax not included
Residuals posted are for 15K miles/year.

2008 Mini Cooper Coupe S
24 Month – Residual 72% of MSRP – .00219 Base Rate
36 Month – Residual 62% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

24mo Payment: $309 at invoice, $422 at MSRP
36mo Payment: $308 at invoice, $386 at MSRP
48mo Payment: $310 at invoice, $370 at MSRP

As if you could actually get the car for invoice…oh well, it is still nice to see the range nonetheless. If I had to get a MINI right now, this is the one I would get. There’s a $500 charge for metallic paint, so you can save some cash if you go with just a glossy paint job. Man, makes me want to get one just looking at the payments. Surely, not the cheapest thing around, but it’s a MINI! It saves gas and you’ll have fun doing so.

2008 Mini Cooper Coupe
24 Month – Residual 76% of MSRP – .00219 Base Rate
36 Month – Residual 65% of MSRP – .00219 Base Rate
48 Month – Residual 53% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman
24 Month – Residual 74% of MSRP – .00219 Base Rate
36 Month – Residual 63% of MSRP – .00219 Base Rate
48 Month – Residual 52% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman S
24 Month – Residual 71% of MSRP – .00219 Base Rate
36 Month – Residual 61% of MSRP – .00219 Base Rate
48 Month – Residual 50% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible
24 Month – Residual 66% of MSRP – .00219 Base Rate
36 Month – Residual 57% of MSRP – .00219 Base Rate
48 Month – Residual 47% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible S
24 Month – Residual 67% of MSRP – .00219 Base Rate
36 Month – Residual 57% of MSRP – .00219 Base Rate
48 Month – Residual 47% of MSRP – .00219 Base Rate

Rates provided by Tarry Shebesta from Leasecompare.

June 2008 Lease Rate for 08 Mini Cooper

Published 2008/06/27 by G

2008 Mini Cooper Coupe
24 Month – Residual 77% of MSRP – .00219 Base Rate
36 Month – Residual 66% of MSRP – .00219 Base Rate
48 Month – Residual 55% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe S
24 Month – Residual 73% of MSRP – .00219 Base Rate
36 Month – Residual 63% of MSRP – .00219 Base Rate
48 Month – Residual 52% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman
24 Month – Residual 74% of MSRP – .00219 Base Rate
36 Month – Residual 64% of MSRP – .00219 Base Rate
48 Month – Residual 53% of MSRP – .00219 Base Rate

2008 Mini Cooper Coupe Clubman S
24 Month – Residual 73% of MSRP – .00219 Base Rate
36 Month – Residual 62% of MSRP – .00219 Base Rate
48 Month – Residual 51% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible
24 Month – Residual 67% of MSRP – .00219 Base Rate
36 Month – Residual 58% of MSRP – .00219 Base Rate
48 Month – Residual 48% of MSRP – .00219 Base Rate

2008 Mini Cooper Convertible S
24 Month – Residual 68% of MSRP – .00219 Base Rate
36 Month – Residual 58% of MSRP – .00219 Base Rate
48 Month – Residual 48% of MSRP – .00219 Base Rate

* Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms
** Rates provided by Tarry Shebesta from Leasecompare.com

My Take: The MF for all Mini’s is pretty much the same across the board, which is a good thing. It’s probably not the lowest MF, but it isn’t as ridiculous as GMAC’s. Strong residual values make this car a very attractive lease. These cars may be priced reasonably, but when you start tacking on the options, it gets expensive very quickly.

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