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For drivers who are keen on staying up-to-date with the newest MINI Cooper models, an auto lease from Bill Jacobs MINI near Chicago, Illinois may be an excellent option. An auto lease, compared to typical vehicle financing, requires a lower down payment and frequently results in lower monthly payments. When a driver chooses to lease a MINI Cooper they opt to pay a set monthly rate for the vehicle. Then at the end of their leasing term, they return their car to the dealership. Leasing is desirable because it enables drivers to stay under the manufacturer’s warranty, and encourages high vehicle turnover, meaning drivers can always have newer versions of their favorite models.
Whether you are looking to purchase or lease your next MINI Cooper, car-buyers should educate themselves on the benefits of leasing vs. buying. The chart below highlights the benefits of leasing vs buying a MINI Cooper. As shown in the chart, the main benefits of leasing a MINI are lower down payment, lower monthly payment, and an easier trade-in process.
Leasing a MINI is the best option for those who wish to put little to no money down. Acquiring a new vehicle can also mean some initial out-of-pocket costs like a down payment, insurance, and taxes. However, if you choose to lease a MINI Cooper from our MINI dealership in Naperville, you will be able to drive home happy with little to no money down.
Leasing a new MINI means you will have one low monthly payment based on the MSRP (Manufacturer’s Suggested Retail Price), selling price, capitalized cost, residual value, depreciation, term length, and money factor. Your monthly MINI lease payment is calculated by adding up the following three items:
When your MINI Cooper lease is over, you can simply turn in your MINI at our dealership. When your lease is up, our team of MINI Motoring Advisors will work with you to understand your options. The MINI lease return process at our dealership is easy and designed with you in mind. When your MINI Cooper lease is up, you have three options. These include; get into a new MINI, keeping your existing MINI, and returning your MINI.