DEPOSIT + MONTHLY PAYMENTS + OPTIONAL FINAL PAYMENT
MINI Select, our Personal Contract Purchase product, is our most popular car finance product for New and Approved Used MINIs, giving you flexibility to choose between three options at the end of your agreement.
MORE MINI FOR YOUR MONEY
We take a portion of the cost of your MINI and freeze it until the end of your finance agreement - this becomes your optional final payment and also reduces your monthly payments.*
We use our expertise to estimate what your MINI will be worth when your finance agreement ends. This is why we also refer to it as your MINI’s Guaranteed Future Value (GFV).
HOW IT WORKS
Simply choose a MINI right for you and we’ll arrange a finance package that suits you, depending on how long you want your contract to last (between 24 and 48 months), your annual mileage and your deposit.
- At the end of your agreement, you will be asked to choose between three options: Pay the optional final payment and keep your beloved MINI*
- Part-exchange your MINI for a new one**
- Return your MINI and as long as you have not exceeded the mileage allowance and it has been well looked after, there will be nothing more to pay. ***
Terms and conditions:
* The optional final payment are payable at the end of the agreement if you decide to purchase the vehicle. We remain the owner of the vehicle during the agreement and we may become entitled to recover the vehicle if you do not keep up your repayments.
** If you part exchange the vehicle for a new MINI, any surplus in the vehicle’s part exchange value over the optional final payment can be used as a deposit towards a new MINI. A new finance agreement will be subject to status.
*** If the vehicle’s value is less than the optional final payment, you can hand it back to us without paying the optional final payment. However additional charges may be payable for both excess mileage (actual mileage higher than agreed contract mileage) and vehicle condition (using the standards set by the British Vehicle Rental and Leasing Association. If your agreement is regulated by the Consumer Credit Act, this contractual option will be in addition to your statutory right to end the agreement early.
Finance is subject to status and available to over 18s in the UK only. Guarantees and indemnities may be required. Advertised finance is provided by MINI Financial Services, a trading name of BMW Financial Services (GB) Limited, Summit ONE, Summit Avenue, Farnborough, Hampshire, GU14 0FB. Stephen James Ruxley trading as Stephen James introduces customers to a selected panel of lenders, which includes MINI Financial Services. We receive a fixed commission for introducing you to MINI Financial Services calculated by reference to the vehicle or as a percentage of the amount you borrow. We do not have any discretion to vary the interest rate or APR you pay under your finance agreement. An introduction from us does not amount to independent financial advice.