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LEASING VS BUYING A NEW CAR

New Car Leasing vs Buying

Why Should You Lease a New Car?

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.

Why Should You Buy a New Car?

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.

Buy vs Lease: Which Is Right for You?

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.

Leasing vs Buying: Ownership

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.

leasing vs buying a new car pros and cons

Monthly Payments

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.

why leasing a car is smart

Maintenance & Repair

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.

lease vs finance car analysis

Savings vs Investment

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 Lease and Finance Offers Near Houston TX

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.


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DealerRater May 17, 2021

Kent and his crew did an excellent detail job on my Mother's car (a non-Mini), it looks brand new! Thank you to Kent, the detailers, and Fidel for arranging everything. I would consider buying another Mini or a BMW based on this dealership's level of service alone (not just the detailing); they never disappoint.

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DealerRater Oct 26, 2019

We considered trading our Countryman for a Convertible. We went on a very cool evening. We worked with Will Davis, an impeccable young man. Because of the weather he volunteered to bring the car into the showroom for us to take a look around it. He was wonderful during the entire experience. Because of this gentleman we have switched our service to this dealership. It is refreshing to see a sales representative with this level of customer service.

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DealerRater May 8, 2019

Thank you for getting my mini "Jenny boo " back on the road and running like a champ. Fidel made right on his promises and Valentin and I are very pleased with how she's running now... we appreciate how thoroughly you addressed our issues. Thanks again.

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DealerRater Jan 14, 2019

Over 20 years I never stepped into a dealership all my vehicles were thru a broker to avoid the hassles of the salesperson. I meant Will Davis and he made my car buying experience an great time with his patients and was able answer all of our questions. Anyone I know looking for a mini I would recommend Will Davis for all your needs. Thanks again Will.

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DealerRater Apr 28, 2017

The staff were very helpful, and answered all my questions! I never had any issues and negotiations were very quick. I filled out my paperwork the day after I first spoke to the service rep and drove away in my brand new car that evening!

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6 Matching Vehicles Found

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We are excited to offer this 2022 MINI Hardtop 2 Door in White Silver. *** This is an Executive Demo, please call for availability *** Stylish and fuel efficient. It's the perfect vehicle for keeping your fuel costs down and your driving enjoying up. The MINI Hardtop 2 Door Cooper will provide you with everything you have always wanted in a car -- Quality, Reliability, and Character. There is no reason why you shouldn't buy this MINI Hardtop 2 Door Cooper. It is incomparable for the price and quality. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper will definitely turn heads. We look forward to seeing you soon! Please call us for more information.
 
*** This is an Executive Demo, please call 281-557-7174 for availability *** We are excited to offer this 2022 MINI Clubman S in Moonwalk Grey Metallic.. This MINI includes: ROOF RAILS STORAGE PACKAGE *Note - For third party subscriptions or services, please contact the dealer for more information.* Why spend more money than you have to? This MINI Clubman will help you keep the extra money you'd normally spend on gas. There is no reason why you shouldn't buy this MINI Clubman Cooper S. It is incomparable for the price and quality. You can finally stop searching... You've found the one you've been looking for. We look forward to seeing you soon! Please call us for more information.
 
*** This is an Executive Demo, Please call for availability *** We are excited to offer this 2022 MINI Hardtop 2 Door. Save money at the pump with this fuel-sipping MINI Hardtop 2 Door. This is the one. Just what you've been looking for. The MINI Hardtop 2 Door Cooper S will provide you with everything you have always wanted in a car -- Quality, Reliability, and Character. There is no reason why you shouldn't buy this MINI Hardtop 2 Door Cooper S. It is incomparable for the price and quality. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2022 MINI Convertible. Those shopping for a sporty convertible would be wise to check out this MINI Convertible Cooper. With the versatility to easily switch between open-air and closed-cabin driving, it's hard to ignore the everyday practicality of this Convertible. Stylish and fuel efficient. It's the perfect vehicle for keeping your fuel costs down and your driving enjoying up. You've found the one you've been looking for. Your dream car. The MINI Convertible Cooper will provide you with everything you have always wanted in a car -- Quality, Reliability, and Character. We look forward to seeing you soon! Please call us for more information.
 
*** This is an Executive Demo, please call 281-557-7174 for availability *** We are excited to offer this 2022 MINI Clubman S ALL4 in British Racing Green. This 2022 MINI Clubman has great acceleration and wonderful styling without sacrificing exceptional fuel economy. Savor the satisfaction of safety in any condition with this AWD MINI Clubman. Superior acceleration, unmatched traction and stability as well as a luxurious interior round out the impressive features of this AWD MINI Clubman. There is no reason why you shouldn't buy this MINI Clubman Cooper S. It is incomparable for the price and quality. You can finally stop searching... You've found the one you've been looking for. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2022 MINI Clubman in Midnight Black Metallic. This MINI includes: CARBON BLACK, MINI YOURS LOUNGE LEATHER UPHOLSTERY Leather Seats *Note - For third party subscriptions or services, please contact the dealer for more information.* Start enjoying more time in your new ride and less time at the gas station with this 2022 MINI Clubman. You'll love the feel of AWD in this 2022 MINI Clubman. It provides a perfect balance of handling power and control in virtually every driving condition. Marked by excellent quality and features with unmistakable refined leather interior that added value and class to the MINI Clubman Cooper S. We look forward to seeing you soon! Please call us for more information.
 

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.

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.

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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.


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(281) 557-7177

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300 Gulf Fwy S • League City, TX 77573

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Today's Hours:

Open Today! Sales: 9am-7:30pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

MINI of Clear Lake 29.5001716, -95.1111711.