Operational Lease or Financial Lease?
We explain the difference
Leasing is an agreement under which you can 'borrow' or 'rent' a new BMW or MINI for a specific period and a specific price. Each month you have the same, fixed costs and you know exactly where you stand. Uncertainties such as residual value or maintenance can be eliminated, because this is included in the lease. So there are no surprises or unexpected costs!
For business purposes, two types of leasing can be distinguished: Operational Lease and Financial Lease. With Operational Lease, you are not the owner of the BMW or MINI, but the leasing company is the owner of the vehicle. With Financial Lease, you borrow money to purchase a new BMW or MINI, and then the new vehicle is in your possession.BMW Operational Lease calculator MINI Operational Lease calculator