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Mini Select (and Hire Purchase) = car is not yours, so you need to deal with Mini Select if you wish to sell the car.
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Actually the Select finance program is a "you own the car" plan as well, the only difference is the balloon payment at the end of the term. You don't get teh tax benefits of leasing either (there are differences in tax benefits between owning and leasing in the course of business, consult your financial planner for your options). In the select program, you can sell your car at any time. Actually you can sell your leased car as well at any time, as long as you cover the financial obligations. I know of leased exotics that have been "flipped" for a quick buck on hard to find cars.
I think there are too many people out there thinking the select is like a lease program in that you either walk away or turn in the car at the end of the term. Not true, you make your monthly payments for the specified period of time and then have a rather large balloon payment due. What you are hoping is that you can either sell the car for that amount before the payment is due or hope the trade in value covers the balloon payment. I believe US dealers are specifiying 64% value after 3 years. (i've been quoted as high as 67% and low as 61% for the same period as well). Another good thing about the select program, any additional funds you put in, go to pay down the ballon.
Regards,
Fourkeelers |