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How to finance a Mini

Recent grads and business owners may be able to take advantage of special programs.

As one of the most iconic British car brands, a new or preowned Mini can be an eye-catching vehicle to take for a spin. But with its base models starting at over $20,000, you’ll want to explore all your financing options before hitting the dealership.

How can I finance a Mini?

Like all vehicles, you can opt for a car loan from a bank, credit union or online lender. Even if you end up opting for the Mini financing programs available below, applying for preapproval from multiple lenders will allow you to see your potential rates — making it easier to choose the loan that best suits your budget. However, this isn’t the fastest option, since it takes times to compare offers.

Another option is to consider financing or leasing directly through Mini Financial Services. This is typically the fastest way to go, though you might not get the most competitive rates. Here’s how it breaks down:

  • Mini retail financing. Mini Financial Services offers specialized financing for its vehicles at authorized dealerships. Current offers include financing a 2019 two-door Mini Hardtop for as low as 3.49% APR for 72 months with no down payment required.*
  • Mini leasing. Mini Financial Services also offers three lease programs: A motoring lease for heavy drivers, a traditional lease with the normal limitations and a mileage adjustment program that allows you to buy up to 100,000 miles. Mini leases last for 36 months, but the exact amount you pay and cash due at signing vary based on the model you select.
  • Mini Select financing. The Mini Select financing program allows you to make low monthly payments like you would on a lease, then pay off your Mini at the end of your term with a balloon payment. You can also choose to refinance the balloon payment through BMW Bank, but it does mean extending your loan term.
  • Mini OwnersChoice program. Like the Select financing program, OwnersChoice provides you with low monthly payments for a set term. After it’s up, you can choose to sell your car back to Mini at a predetermined price, refinance your balloon payment with BMW Bank or complete the financing process by making your final balloon payment. However, this is only open to Texas and Illinois residents.

As with all types of financing, the exact terms and rates you qualify for will depend on your creditworthiness and personal financial situation.

*Rates as of May 30, 2019.

Read our review of Mini Financial Services

Compare car loans to buy a Mini

Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Starting at 1.79%
3 to 7 years
Active membership with PenFed
Low APR car loans from a well-known credit union.
No minimum credit score
3.9% to 27.9%
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates. Car Loans
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
Good to excellent credit
Starting at 1.99%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out. Car Loans
1.89% to 27%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.

Compare up to 4 providers

Does Mini offer special discounts or programs?

Yes, Mini has a variety of programs that offer discounts and reimbursements to customers.

What will a new Mini cost me?

Like all new cars, prices will vary based on where you live and your negotiation skills at the dealership. The basic trim of a Mini ranges from $21,900 to $36,900 — your final price will depend on the add-ons and other features you choose.

2-door Mini Hardtop

  • Starting MSRP: $21,900
  • City/highway MPG: 32/28

4-door Mini Hardtop

  • Starting MSRP: $22,900
  • City/highway MPG: 31/30

Mini Clubman

  • Starting MSRP: $24,900
  • City/highway MPG: 28/27

Mini Countryman

  • Starting MSRP: $26,900
  • City/highway MPG: 28/27

Mini Convertible

  • Starting MSRP: $26,900
  • City/highway MPG: 32/30

Mini Countryman Plug-In Hybrid

  • Starting MSRP: $36,900
  • City/highway MPG: 65 EPA-estimated

Car insurance costs that come with driving a Mini

Does a new Mini come with a warranty?

Yes, all Minis come with a standard four-year, 50,000-mile limited warranty that covers defects in material or workmanship. Your Mini will also have a 12-year, unlimited-mile warranty for any rust or corrosion perforation. And during the first four years, Mini includes 24-hour roadside assistance at no extra cost to you.

Mini also includes complimentary maintenance for the first three years or 36,000 miles — whichever comes first. Covered items include:

  • Brake fluid services
  • Cabin air microfilter
  • Engine oil services
  • Engine air filter
  • Remote control/key battery
  • Spark plugs
  • Vehicle check

However, this complimentary maintenance is non-transferable — only the first owner or lessor of the vehicle is covered.

Bottom line

Known for its sporty design and sleek interior, getting behind the wheel of a new Mini will run you more than $20,000. But you may be able to cut down on costs by taking advantage of one of its many car-buying or financing programs. Before you get started, explore your car loan options to get an idea of what rates and terms you might qualify for.

Frequently asked questions

Pictures: Getty Images and Mini official page

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