Once you’ve decided on the perfect new MINI, you’ve got a big decision to make. Do you buy it or do you lease it? There are advantages for each option, so the experts here at MINI of Peabody will give you the info you need to make the best decision.
Buying is the best plan if you plan to keep your car for a long time. That’s partly because of how the MINI financing process works. Typically, you place a down payment for around twenty percent of the vehicle’s total value. Then you take out a loan for the rest. Once you pay back that loan, the cost of ownership can end up dropping dramatically. With no monthly car payment, you only have to worry about costs like insurance and maintenance. If you choose to buy, you can also customize your vehicle with performance parts and MINI accessories.
Leasing has some advantages too. Lease payments are generally less expensive and agreements often cover some types of routine maintenance. When your lease is done, you can renew it or upgrade to a brand new vehicle with the latest ammenities and technology. Either way, you don’t have to worry about selling a car or trading it in at a dealership. Leasing a new MINI model couldn’t be simpler. You just have to remember that lease agreements often limit how much you can drive. Check out the lease and do the math. If you have a long commute or love road trips, the extra fees could add up quickly.
So visit our MINI dealership serving Newburyport, MA and check out that 2020 MINI Hardtop you’ve had your eye on. We’re ready to help you drive away in your dream car, whether you buy or you lease!
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