When you compare leasing vs buying a new MINI, you’ll find there are many advantages to both. Depending on your personal preferences, lifestyle and financial situation, leasing can with filled with many advantages. Let’s take a closer look at why leasing a MINI might be right for you.

Lower Monthly Payments

One of the greatest advantages of leasing a MINI is typically a lower monthly payment than if you purchased a MINI. Instead of paying the entire value of the car, you are only paying for the depreciation that occurs during the term of your lease.

This allows you to get into a new car or afford the extra options for the same monthly payments as you would if you were buying.

Lower Repair Costs

Making car payments and repair payments at the same time can be difficult for most people. With a lease, your new car is covered under manufacturer bumper to bumper warranty, so you never have to worry about major repairs.

Latest Technology

When you lease a MINI, you can get into a new car every 2 to 3 years. A new car means new technology and the latest safety features.

Once your lease ends, you simply return it to Patrick MINI, choose your next vehicle, and sign a new lease.

Less Money Up Front

When purchasing a new MINI, a down payment is typically required. When you lease a new MINI, a down payment is not required. Although you must make the first month’s payment and some other up-front fees, the cost is usually less than the cash needed to put down when you finance.

Ease of a Trade In

At the end of a lease, you simply turn the car in. The dealership will report if there are any extra fees such as extra mileage or damage, and the car is out of your hands. You don’t have the hassle of reselling and negotiating the trade in value.

Although many leasing customers don’t walk away without getting into another lease.

Incentives

There are often incentives and specials for MINI leases, allowing you to take advantage of even better deals if you decide to lease.

Should you lease your next MINI? It all depends on your lifestyle, finances, and personal preferences. Contact our team today and we can help you with the next steps needed for you to enjoy a MINI lease!