If you want to drive newer, safer, more reliable cars, but not make a considerable down payment every 3-4 years, and also don’t drive an excessive amount of miles every year, then a new car lease could be the right choice for you. Leasing is designed for people who would prefer to avoid the hassle of selling and buying every time they want to drive a new vehicle.
Contrarily, if you want long term automotive relationships with a larger sense of commitment and ownership, then buying could be what’s better for you. Car-buying is typically best for consumers who do not mind driving the same vehicle for more than five years or even until the vehicle is no longer suited for the street.
Knowing the pros, cons, and overall benefits of leasing vs buying a car is important. Be sure to consider monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new car financing type for you.
When considering vehicle financing, new vehicle ownership absolutely comes along with many well-known advantages, most associated with entire ownership of the vehicle. You may not realize, however, there are also some nice advantages to leasing, as well. It’s essential to consider all financial aspects including down payment, monthly payments, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A close study of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the optimal choice between leasing and buying a new car.
Car lease payments are often times less expensive when compared to car financing and loan payments as the typical lease deal is more-or-less renting with the option to purchase at the final payment of your lease term. Remember when leasing that you’re going to need a nice credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the better rate auto loans. Although it may add to monthly payments, it’s also best to choose a model with the features you want or need, as personal satisfaction is often priceless.
Auto leasing often includes regular vehicle maintenance & repair. It is important to remember this when calculating monthly costs of ownership vs leasing. Regardless of which make and model you select, mechanic bills are an unknown cost that can rapidly add up. And for those of us who are not certified mechanics with a full toolset and hydraulic jack in the garage, leasing is likely the best option for peace of mind.
Generally speaking, a new car lease saves money in the short term with lower monthly payments, while buying gets you a long term investment, meaning absolute ownership of the value of the car, truck, or SUV at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off quickly and also avoid excessive wear and mileage.
| Lease | Buy | |
| Ownership | No Ownership | Pride of Ownership |
| Down Payment | Smaller Down Payment | Larger Down Payment |
| Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
| Maintenance & Repair Costs | Typically Included | Not Included |
| Savings/Investment | Short Term Savings | Long Term Investment |
| Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
| APR % | Credit-Based | Credit-Based |
| New Vehicles | Available | Available |
| Pre-Owned Vehicles | Not Available | Available |
| Vehicle Customization | Not Available | Available |
| Poor Credit Financing | Not Available | Available |
MINI of Clear Lake knows that choosing the right MINI car and financing option is never easy. Our team of experienced MINI lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location near Houston, TX. We look forward to serving you.
Lease vs Buy MINI Near Houston TX
It was very unfortunate that my countryman had get some repairs due to water spillage but our service advisor Cheryl went above and beyond to help me each step of the process. Took almost a week to get it fixed but they kept great communication and also got the 20th anniversary edition Cooper S as a loaner which was amazing! Cheryl was very helpful and can’t recommend her enough. Will be asking for her next time I have to get my car serviced again (hopefully only for maintenance next time 😅)!
Outstanding service and personable service writer. Heather greeted me and made me feel welcome. The new location is perfect for me and courtesy car service was a plus. Love it!
Joseph Lane was amazing! Thanks again for making my experience painless.
Very good experience. Heather was great and helpful. She deserves a 10+
Great service! Henry Fernandez was excellent! So informative and helpful.
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37 Matching Vehicles
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MPG Disclaimer: Based on model year EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle. |
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Disclaimer:
* While every reasonable effort is made to ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages. Please verify any information in question with MINI of Clear Lake.
New vehicle pricing includes all offers and incentives. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at (281) 557-7177 or by visiting us at the dealership. Residency restrictions apply. See dealer for details.
**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 4.9% interest and 10% downpayment.
^All vehicle prices are plus tax, title, plate and dealer fees. The advertised price does not include sales tax, vehicle registration fees, finance charges, documentation charges, and any other fees required by law. We attempt to update this inventory on a regular basis. However, there can be a delay between the sale of a vehicle and the update of the inventory. Pricing and availability of vehicles not currently in dealer inventory may vary based on a variety of factors, including but not limited to options, specials, and fees. You may not qualify for the offers, incentives, discounts, or financing. MINI of Clear Lake offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details. All advertised vehicles are subject to actual dealer availability. Certain vehicles listed may not be available. Prices exclude state tax, title, license, and document preparation fee. Vehicle option and pricing are subject to change. Prices include all dealer rebates and dealer incentives. Please check with your dealer for more information. Images displayed may not be representative of the actual trim level of a vehicle. Colors shown are the most accurate representations available. However, due to the limitations of web and monitor color display, we cannot guarantee that the colors depicted will exactly match the color of the car. Information provided is believed accurate but all specifications, pricing, and availability must be confirmed in writing (directly) with the dealer to be binding. Neither the Dealer nor Dealer Inspire is responsible for any inaccuracies contained herein and by using this application you the customer acknowledge the foregoing and accept such terms. All vehicles priced as currently equipped. Price does not include any dealer added options that are installed after sale.
The EPA/DOE Fuel Economy Guide can be downloaded from the government’s fuel economy website at www.fueleconomy.gov.
(281) 557-7177
Call Now15943 Gulf Freeway • Webster, TX 77598
Get DirectionsOpen Today! Sales: 9am-7:30pm
Open Today! Service: 7am-6pm
Open Today! Parts: 7am-6pm
