Many people think that when the lease is up on their new MINI car, handing it back over to the dealer is their only option. This couldn’t be further from the truth. In fact, there are several options on the table but, like anything, you will need a few pieces of key information before deciding which route is the best for you.
First and foremost, you will need the contract you signed when the lease agreement began. That contract will name the residual value, or lease-end value, of your vehicle. This is the amount you would pay if you chose to buy your car at the end of your lease and is a key piece of information in determining your other options. It can take some time to get all this figured out, so the sooner you get this information, the better.
If you’re interested in keeping a lease, you have the option to lease the latest model year of the vehicle you’re currently driving, or a new MINI car altogether! We understand that needs change, whether personal or professional, which is why we offer this choice to our customers.
Should you want to go in a different direction entirely, we can set you up with a lease-end inspection, which examines for wear and mileage, and work through the details with you. Once everything is complete, all you need to do is turn in your keys and walk away.
Contact us at MINI of Chicago to learn more about your lease-end options! We look forward to working with you soon to ensure a smooth lease-end process.