After you fall in love with a MINI vehicle, the next step is deciding whether you should buy or lease your new vehicle. If you aren’t sure which financial plan is right for you, the finance experts at your MINI dealership can help you figure out which option is most suitable for your budget. Learn about the advantages of buying and leasing today.
Buying or Leasing a New MINI: Which Option Is Best for You?
A new car is a major financial investment, so it makes sense to take the time to do some homework before committing to a finance plan. Selecting the best finance option will depend on your budget, your vehicle ownership preferences, your driving habits, and your future goals. Your local dealership offers several lease and finance plans so you can choose the one most suitable for your needs.
Buying
Buying a car may be a good financing option if you want to have full ownership of your vehicle without any restrictions on customizations or mileage. If you want to keep your MINI for at least three years, and you believe you will drive more than 10,000 miles per year, then buying is the right choice. With this type of financing, you will be able to add new rims, graphics, and other customizations. If you are concerned about lease-end inspections, you should buy.
Leasing
Leasing is a good option if you want to enjoy a lower monthly payment. If you drive less than 10,000 miles a year, you intend to keep your MINI for three years or less, and you don’t want any vehicle customizations, leasing may be ideal. Plus, when you lease your MINI, you can easily upgrade to the latest model. When you lease your MINI, you will be able to drive the vehicle during the four-year manufacturer warranty.
Can Your MINI Dealership Help You Buy or Lease?
Your dealership can help you with your preferred financing plan. Not only will the dealership walk you through all of your financial options, but you will also be able to access resources to make your car-buying process easier. For example, before you shop, you can get pre-approved at your dealership or use a payment calculator so you can understand your budget.
If you have bad credit, the right vehicle financing plan can help you improve your credit score. While other lenders may reject your auto loan application because of your credit rating, your local dealership can help you find an affordable dealership financing plan if you have low credit, poor credit, or no credit history.
Whether you’re interested in buying or leasing your MINI, you can count on your local dealership to help you find the most suitable plan for your financial circumstances. Contact Tom Bush MINI to learn more about your financial options.
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