MINI Personal Lease makes some of the benefits of leasing available to private individuals. By selecting the appropriate contract term and residual value you can tailor a monthly payment to fit your budget.
GST registered individuals can claim a portion of each payment as input tax. Non-GST registered individuals are able to spread the GST payment over the term of the contract without incurring extra interest charges.
You are responsible for the residual value at the end of the term. This means you get the advantage of any proceeds received for the vehicle over this amount.
If your MINI is for business use you can select the term of the lease to enhance your tax position. Less than 45 months your monthly rentals are a tax expense. Greater than 45 months you can claim depreciation and interest costs.