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MINI Financial Services, a division of BMW Financial Services, announced June 24 it has customized the MINI Motoring Lease for the new MINI Cooper S.
"MINI motorers are likely to seek out, and enjoy, detours along the road, and we want to make sure their lease complements their love of motoring," said Robert Devine, managing director of MINI Financial Services.
What sets the MINI Motoring Lease apart from more mundane financial instruments is that it is developed around mileage, rather than length of term, Devine explained.
A typical MINI Motoring Lease for the new MINI Cooper S would cost approximately $300 a month, plus taxes, title and license. That monthly lease payment was developed based on the following assumptions:
Total mileage of 50,000
Price of $21,000 ($19,850 base price plus one combo package at $1,250)
Down payment of $1,000
Term of 40 months
Driving about 1,250 miles a month
About BMW Financial Services
BMW Financial Services, LLC was established in 1993 as a captive finance company to support the sales and marketing efforts of the BMW Group in North and Latin America. With more than $12 billion in managed assets and nearly 400,000 customers, BMW FS leases or finances more than half of the new BMW vehicles sold in the U.S., Canada, Mexico, Argentina and Brazil.
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