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LEASING VS BUYING A NEW CAR

Lease vs Buy

Why Lease a New Car?

If you prefer to drive newer, safer, more reliable vehicles, prefer not make a sizeable down payment every 3-4 years, and also do not drive an enormous amount annually, then a new car lease could be right for you. Leasing is ideal for people who prefer to avoid the annoyance of buying and selling each time they want to upgrade to a new car, truck, or SUV.

Why Should You Buy a New Car?

Contrarily, if you like 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 those who don’t mind driving the same vehicle for more than five years or even until it is no longer fit for the road.

Buying vs Leasing: Which One Is Right for You?

Knowing the pros, cons, and overall benefits of leasing vs buying a vehicle is imperative. Be sure to consider repair costs, vehicle ownership, monthly payments, and potential savings when considering the best new car or truck financing type for you.

Buying: Ownership vs Leasing

When weighing the value of vehicle financing, new vehicle ownership certainly comes along with many well-known advantages, most associated with outright ownership of the car, truck or SUV. You may not realize, however, there are also a few great benefits of leasing, as well. It’s essential to consider all financial aspects including interest rate, down payment, monthly payments, term length, buyout payments, depreciation, and maintenance & repair costs, before making a decision. A precise audit of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car, truck, or SUV.

benefits of leasing vs buying a new car

Monthly Payments

Car or truck lease payments are often less expensive than car financing and loan payments as the typical lease contract is more-or-less renting with the option to buy out near the final payment of your lease term. Keep in mind when leasing that you’re going to need a nice credit score, and will be required to carry comprehensive and collision insurance, though the same can be said for the lower rate auto loans. Although it might increase monthly payments, it is also best to choose a model with the features you need or want, as personal satisfaction is often priceless.

more expensive to buy or lease a new car

Maintenance & Repair

Auto leasing often includes regular vehicle maintenance & repair. It is important to remember this when projecting monthly costs of leasing vs ownership. Regardless of what make and model you buy, mechanic bills are an uncertain cost that can quickly add up. And for those who aren’t certified auto mechanics with a full toolset and hydraulic jack in the garage, leasing may be the best option for peace of mind.

is leasing better than financing

Investment vs Savings

In general, a new vehicle lease saves money in the short term with lower monthly payments, while buying gets you a long term investment, meaning outright ownership of the value of the car or truck at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For the best investment on a financed/purchased vehicle, you can pay it off in a shorter term 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 In El Paso TX

MINI of El Paso 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 in El Paso, TX. We look forward to serving you.


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Always a great experience at El Paso MINI. Chris Guzman’s customer service is always on point! Quick and efficient services. Drinks and snacks are a plus. Thank you MINI!

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45 Matching Vehicles Found

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We are excited to offer this 2021 MINI Hardtop 2 Door. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper will definitely turn heads. 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. Look no further, you have found exactly what you've been looking for. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2021 MINI Hardtop 2 Door. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper will definitely turn heads. You can finally stop searching... You've found the one you've been looking for. The MINI Hardtop 2 Door Cooper will provide you with everything you have always wanted in a car -- Quality, Reliability, and Character. This is the one. Just what you've been looking for. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 2 Door. Stylish and fuel efficient. It's the perfect vehicle for keeping your fuel costs down and your driving enjoying up. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. There is no reason why you shouldn't buy this MINI Hardtop 2 Door Cooper S. It is incomparable for the price and quality. You've found the one you've been looking for. Your dream car. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2021 MINI Hardtop 2 Door. Based on the superb condition of this vehicle, along with the options and color, this MINI Hardtop 2 Door Cooper is sure to sell fast. This is about the time when you're saying it is too good to be true, and let us be the one's to tell you, it is absolutely true. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. This is the one. Just what you've been looking for. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 2 Door. Start enjoying more time in your new ride and less time at the gas station with this 2020 MINI Hardtop 2 Door. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper S will definitely turn heads. You can finally stop searching... You've found the one you've been looking for. This is about the time when you're saying it is too good to be true, and let us be the one's to tell you, it is absolutely true. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2021 MINI Hardtop 4 Door. Look no further, you have found exactly what you've been looking for. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. This vehicle won't last long, take it home today. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 4 Door Cooper will definitely turn heads. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2021 MINI Hardtop 4 Door. Based on the superb condition of this vehicle, along with the options and color, this MINI Hardtop 4 Door Cooper is sure to sell fast. This is the one. Just what you've been looking for. The MINI Hardtop 4 Door Cooper will provide you with everything you have always wanted in a car -- Quality, Reliability, and Character. You could keep looking, but why? You've found the perfect vehicle right here. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 4 Door. Stylish and fuel efficient. It's the perfect vehicle for keeping your fuel costs down and your driving enjoying up. You can finally stop searching... You've found the one you've been looking for. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 4 Door Cooper S will definitely turn heads. You've found the one you've been looking for. Your dream car. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 2 Door. Save money at the pump with this fuel-sipping MINI Hardtop 2 Door. The MINI Hardtop 2 Door Cooper will provide you with everything you have always wanted in a car -- Quality, Reliability, and Character. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. 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 2020 MINI Hardtop 2 Door. This MINI includes: HARMAN/KARDON PREMIUM SOUND SYSTEM Premium Sound System TOUCHSCREEN NAVIGATION PACKAGE Smart Device Integration Navigation System Hard Disk Drive Media Storage MP3 Player SIGNATURE TRIM Fog Lamps Keyless Start Tires - Front All-Season Tires - Front Performance Aluminum Wheels A/C Climate Control Daytime Running Lights Generic Sun/Moonroof Heated Front Seat(s) Power Door Locks Keyless Entry Tires - Rear Performance Sun/Moonroof Dual Moonroof Tires - Rear All-Season Headlights-Auto-Leveling *Note - For third party subscriptions or services, please contact the dealer for more information.* Everyone hates the gas pump. Skip a few gas stations with this super fuel efficient MINIHardtop 2 Door. Enjoy the drive without worrying about directions thanks to the built-in navigation system. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 4 Door. There is no reason why you shouldn't buy this MINI Hardtop 4 Door Cooper S. It is incomparable for the price and quality. This is the one. Just what you've been looking for. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 4 Door Cooper S will definitely turn heads. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Clubman. Stylish and fuel efficient. It's the perfect vehicle for keeping your fuel costs down and your driving enjoying up. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Clubman Cooper S will definitely turn heads. Based on the superb condition of this vehicle, along with the options and color, this MINI Clubman Cooper S is sure to sell fast. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2021 MINI Hardtop 2 Door. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. You could keep looking, but why? You've found the perfect vehicle right here. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper will definitely turn heads. You've found the one you've been looking for. Your dream car. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 2 Door. Everyone hates the gas pump. Skip a few gas stations with this super fuel efficient MINIHardtop 2 Door. You've found the one you've been looking for. Your dream car. Based on the superb condition of this vehicle, along with the options and color, this MINI Hardtop 2 Door Cooper S is sure to sell fast. 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 2020 MINI Hardtop 2 Door. Everyone hates the gas pump. Skip a few gas stations with this super fuel efficient MINIHardtop 2 Door. You've found the one you've been looking for. Your dream car. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper S will definitely turn heads. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 2 Door. This MINI includes: SIGNATURE TRIM Fog Lamps Keyless Start Tires - Front All-Season A/C Climate Control Daytime Running Lights Generic Sun/Moonroof Heated Front Seat(s) Power Door Locks Keyless Entry Sun/Moonroof Dual Moonroof Tires - Rear All-Season Headlights-Auto-Leveling WHITE BONNET STRIPES *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 2020 MINI Hardtop 2 Door. This is the one. Just what you've been looking for. 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 2020 MINI Hardtop 2 Door. Why spend more money than you have to? This MINI Hardtop 2 Door will help you keep the extra money you'd normally spend on gas. You can finally stop searching... You've found the one you've been looking for. The look is unmistakably MINI, the smooth contours and cutting-edge technology of this MINI Hardtop 2 Door Cooper S will definitely turn heads. 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 2020 MINI Hardtop 2 Door. Save money at the pump with this fuel-sipping MINI Hardtop 2 Door. Just what you've been looking for. With quality in mind, this vehicle is the perfect addition to take home. There is no reason why you shouldn't buy this MINI Hardtop 2 Door Cooper S. It is incomparable for the price and quality. Based on the superb condition of this vehicle, along with the options and color, this MINI Hardtop 2 Door Cooper S is sure to sell fast. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2020 MINI Hardtop 4 Door. Everyone hates the gas pump. Skip a few gas stations with this super fuel efficient MINIHardtop 4 Door. This is about the time when you're saying it is too good to be true, and let us be the one's to tell you, it is absolutely true. This vehicle won't last long, take it home today. You've found the one you've been looking for. Your dream car. We look forward to seeing you soon! Please call us for more information.
 
We are excited to offer this 2021 MINI Hardtop 4 Door. Everyone hates the gas pump. Skip a few gas stations with this super fuel efficient MINIHardtop 4 Door. There is no reason why you shouldn't buy this MINI Hardtop 4 Door Cooper S. It is incomparable for the price and quality. This is the one. Just what you've been looking for. 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.
 

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 El Paso.

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 (915) 887-6135 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.

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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 El Paso.

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 (915) 887-6135 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.


MINI of El Paso

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(915) 887-6180

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6318 MONTANA AVE. • El Paso, TX 79925

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Today's Hours:

Open Today! Sales: 8:30am-7pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

MINI of El Paso 31.7876942, -106.4070943.