Online Genius.

Categories

Leasing, financing or MINI Select – what's the main difference?

Choosing hire purchase means choosing ownership. At the end of the contract, the customer owns the car. MINI Financial Services offers different kinds of contracts to meet your individual needs: down payment, contract term and monthly payments can be defined individually. Leasing leads to low monthly rates. If you lease a car, you only pay for the depreciation without worrying about the reselling risks at the end of the contract. Lessees are able to switch to a new car after the contract has expired. What's more, if you choose Residual Value Leasing, you can buy the car at pre-defined conditions. MINI Select combines the advantages of leasing and financing. That means a comparably low monthly payment (the same as in a leasing contract) and then either buying the car at the end of the contract or returning the car to the dealer.

Was this answer helpful?

Yes Partly No