Get the best of both worlds by combining the lower monthly payments of leasing with the security of ownership. Our MINI OwnersChoice program is a unique, flexible option for Texas and Illinois residents.2
HOW IT WORKS:
You make low monthly payments for a time period established up front. At the end of that term, a balloon payment is due and you have three options:
- Sell your MINI back to us at a predetermined price and perhaps finance a new one. (There are mileage, wear and tear and a disposition fee for OwnersChoice.)
- Refinance the balloon payment amount with BMW Bank subject to credit approval requirements.
- Complete your purchase by making the balloon payment.
ADVANTAGES OF OWNERSCHOICE:
- Lower payments: in states where tax laws make leasing less advantageous, OwnersChoice allows you to make lower monthly payments for more MINI.
- Keep your cash: with approved credit, you don’t have to make any down payment for your new MINI on purchase plans that extend through 60 months.
- Keep your options open: you make lower monthly payments for a set term, as in a lease, and have similar flexible end-of-term options.
- The bond of ownership: the title is in your name. Plus, if you finalize your purchase at the end of your monthly payment period by paying your final balloon payment, you’ll own your MINI outright.