[blee562]

i notice many members on this forum are on their second mini after three years. i'm wondering if those people, and all the mini owners here leased or financed their car? i'm going to be getting a mcs ds/w soon, and i've been debating whether to finance or lease. i've read lots of articles on general leasing and financing pros and cons, but i'm kinda looking for mini specific reasons. opinions anyone?

[romarfleet]

We paid for ours outright but if we had to make a choice it would be lease.

[jasonfields007]

just posted this on the subject of leasing... http://www.mini2.com/forum/finance-insurance/98405-why-i-dont-recommend-contract-hire-leasing.html#post1880217

regards

jason

[Cooper76]

Definitely buy in the U.S. Residuals are insanely high and it would be a shame to miss out on this by leasing.

[john swain]

hello,
i suggest you go the mini usa web site
and use the calculator to compute this.
just put in the *same* amount of money,
years to own and lease, down payment,
and interest rate. you can get the % of
difference.

i found using the mini computer it was
to be 30% cheaper per month to lease.

that said, i have never leased and always
purchased. i am luckey i guess due to
my job and circumstances to buy .

In my opinon, for a personal
car(vs. business), leasing one is simply renting
and getting nothing in return for all the money
spent. for a small amount more you actually
get something for your money.

If you can do it, buy to own and have
something to show for it after 3~5 years.

If you own it, even partially paid, you can
sell it for what you owe or get some equity
out of it.

best wishes on your new car, john s.