When it’s time for the next MINI lease, look no further than MINI of Peabody. There are many benefits to leasing a vehicle, including the big savings. Leased vehicles typically have low down payments, if there is one at all, and smaller monthly costs, as well.
But if you’ve noticed a recent uptick in the cost of leasing, you’re not alone. Changes to the industry have added to some rises in cost, and here are just a few of the reasons why.
Supply Shortages
Over the last few years, there have been disruptions to supply lines that can make it difficult to access and order new parts. This means that drivers may struggle to make changes or upgrades to their vehicles.
It also means that fewer new cars are being produced. Since scarcity tends to drive up prices, those fewer cars are more valuable and may contribute to higher lease costs.
Fewer Incentives
Oftentimes, manufacturers will list incentives for leasing their cars. Those incentives can significantly reduce vehicle costs and may change the perception of the value of leased vehicles. The removal and pause of leasing incentives can make the outset cost of leasing appear much higher than in the past.
Learn More at MINI of Peabody
Leasing costs may have gone up a little in recent months and years, but don’t worry. Here at MINI of Peabody, we carry cars for every driver and every budget. We offer specials and deals on the vehicles you’re sure to love, and we’ll work with your financing needs every step of the way.
Meet with our expert MINI finance team today.
