MINI CONTRACT HIRE.
INITIAL RENTAL + MONTHLY RENTALS.
If you like the idea of hiring a new MINI rather than 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 ownership, depreciation, or having to
re-sell your MINI after your contract has ended.
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.*
HOW IT WORKS.
Once you’ve chosen a MINI, decide on how long you’d like to hire it for (between 24 and 48 months) and what your estimated annual mileage will be. We then agree with you an initial payment amount and a regular monthly rental to suit your budget.
As long as the MINI is within the agreed mileage and kept in good condition**, you will have nothing more to pay when you hand it the back at the end of the agreement, where you have the freedom to start again with another MINI.
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Terms and conditions:
MINI Contract Hire is not available on used cars. 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 the rate of VAT changes during the hiring period, MINI Financial Services may change the rental charges. The amount of VAT you can reclaim depends on your businesses VAT status.
**Additional charges may be payable for both excess mileage (actual mileage higher than contract mileage) and vehicle condition (British Vehicle Rental and Leasing Association Standards).
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. Prentice Portadown Limited trading as Prentice 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.