MINI Cooper Leasing Advantages NY
So, you’ve found the MINI Cooper of your dreams. You’ve narrowed down the right trim level, chosen a color, and have even picked out some accessories. Still, you’re torn: should you buy or lease your next MINI? We review the MINI Cooper leasing advantages in NY below.
Many people struggle with the decision to buy or lease a MINI Cooper. While the answer depends on your budget and lifestyle, we at MINI of Manhattan believe that our customers in the Bronx, Manhattan, and Queens, New York will find many advantages to leasing their MINI Cooper.
City Driving is Rough
Average stop-and-go driving can be especially hard on your vehicle. But when you live in a city like New York, this is taken to a whole new level. So, it stands to reason that the lifespan of your car will be noticeably shorter compared to a car that’s regularly driving less populated areas.
If you know your MINI Cooper isn’t going to last quite as long, you could end up losing money by purchasing. After all, the value will have massively depreciated in just a few years’ time.
The term of a lease is typically about three years. While your vehicle will incur wear in that time, you’re likely going to trade it in at the end anyway unless you choose otherwise. At that point, you’ll be able to start fresh with something newer and up-to-date. And in a fast-paced, trendy city like New York, newer is always better!
Another huge MINI Cooper leasing advantage is that your vehicle will most likely be covered by the warranty throughout the entire term. This peace of mind is going to be a huge relief since, as you know, New York is full of surprises.
On that note, your maintenance will likely be covered by your lease, too. As you may need it frequently, that can be a big money saver.
If you’re looking to save even more money-and who isn’t?-, leasing will be an excellent option. Since you’ll only be paying for three years’ worth of vehicle depreciation instead of the full MSRP, your payments are bound to be lower. In most cases, you won’t have to pay a down payment either.
A Difference in Sales Tax
Another great MINI Cooper leasing advantage is that you’ll end up paying less on sales tax. If you’ve never purchased a car in New York before, then you should know that the vehicle sales tax is 4%. So, if you were paying the full price of a new car, you’d be guaranteed to pay hundreds of dollars extra. When you lease, however, you won’t have to worry about this.
Learn More About MINI Cooper Leasing Advantages in NY
To put it simply, driving anywhere in Manhattan, the Bronx, or Queens is different. That means then when it comes time to decide on financing for your new MINI Cooper, you may want to consider some different options. While buying a vehicle is always a good option, it may make much more sense for you to lease your car.
If you’d like to learn more about MINI Cooper leasing advantages in New York, contact our team at MINI of Manhattan. Our financing experts would be glad to sit down and walk you through the process. Contact us today for more information.