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FINANCING YOUR MINI. OUR MINI FINANCE PRODUCTS.
MINI CONTRACT HIRE - CAREFREE DRIVING
Initial rental + monthly rentals
If you like the idea of hiring a new MINI rather than ultimately owning it, MINI Contract Hire could be the ideal solution for you. With this product you get all the thrills of driving a new MINI, minus the hassle of depreciation, or having to re-sell it.
MINI Contract Hire is a popular choice with our business customers because VAT registered businesses can reclaim up to 50% of the VAT on their rentals and up to 100% of the VAT on the maintenance charge.
IMPORTANT, MINI Contract Hire is only available to Business Customers. It is not available to individual consumers.
Features of Contract Hire:
Cost-Effectiveness and Predictability: Low initial outlay and fixed monthly rentals allow for accurate budgeting without unexpected servicing or repair costs, especially if a maintenance package is included.
No Depreciation Risk: The vehicle is returned at the end of the term, eliminating the risk of depreciation and the hassle of selling a used vehicle.
Flexibility and Modern Fleet: Agreements (typically 24-60 months) allow for regular fleet replacement, ensuring access to newer, safer, and more fuel-efficient technology, which enhances corporate image.
Financial and Tax Benefits: Vehicles are generally kept off the balance sheet, improving return on assets (ROA) and liquidity ratios. For VAT-registered businesses, Vat can often be reclaimed.
Reduced Admin: Packages can include maintenance contracts remove the hassle of managing vehicle servicing.
No Ownership: You are essentially renting, meaning you have no asset at the end of the term.
Strict Mileage Limits: Exceeding agreed mileage results in costly penalty charges.
Damage Charges: You are responsible for any repairs beyond "fair wear and tear" upon returning the vehicle.
Inflexible Early Termination: Breaking the contract early is difficult and expensive.
No Equity: You cannot sell the car to recoup any money, unlike.
Finance provided by BMW Financial Services.
BMW Financial Services (Ireland ) DAC trading as MINI Financial Services is regulated by the Central Bank of Ireland.
Finance provided subject to status. Offer available to Irish Residents only. Over 18s only. A guarantee may be required.