Offering the opportunity to choose between three options at the end of your agreement makes this our most popular finance product for New and Approved Used MINIs.
We understand that when you take out a finance agreement, you may not be sure what you’ll want to do at the end of it. This product is perfect if you are looking to combine flexibility with low monthly payments.
Begin by choosing which MINI is right for you. Then, decide on your deposit, how long you want the agreement to last (between 24 and 60 months) and what your average annual mileage is likely to be.
We take a portion of the cost of your MINI and freeze it until the end of your finance agreement - this becomes your optional final payment and also reduces your monthly payments.*
We use our expertise to estimate what your MINI will be worth when your finance agreement ends. This is why we also refer to it as your MINI’s Guaranteed Future Value (GFV).
At the end of your agreement, you will be asked to choose between three options:
1. Pay the optional final payment and keep your MINI.*
2. Part-exchange your MINI for a new one.**
3. Return your MINI and, as long as you have not exceeded the mileage allowance and it has been well looked after, there will be nothing more to pay. ***
TERMS & CONDITIONS:
* The optional final payment is payable at the end of the agreement if you decide to purchase the vehicle. We remain the owner of the vehicle during the agreement and we may become entitled to recover the vehicle if you do not keep up your repayments.
** If you part exchange the vehicle for a new MINI, any surplus in the vehicle’s part exchange value over the optional final payment (and option to purchase fee) can be used as a deposit towards a new MINI.
***If the vehicle’s value is less than the optional final payment, you can hand it back to us without paying the optional final payment. However additional charges may be payable for both excess mileage (actual mileage higher than agreed contract mileage) and vehicle condition (using the standards set by the British Vehicle Rental and Leasing Association BVRLA vehicle condition guide). If your agreement is regulated by the Consumer Credit Act, this contractual option will be in addition to your statutory right to end the agreement early.
Finance is subject to status and available to over 18s in the UK only. Guarantees and indemnities may be required. Finance provided by MINI Financial Services, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB. MINI (UK) introduces customers to MINI Financial Services only.