THE MINI GUIDE TO LEASE MATURITY. YOUR JOURNEY, MADE SIMPLE.
On this page, you’ll find everything you need to navigate your lease maturity process, from info on important milestones, to details on your available options, and more. Check it all out below, and contact your MINI Retailer if you have any questions. After all, we’re here to help make your next journey as exciting and seamless as possible.
LEASE MATURITY. MILESTONES
Option 1:
UPGRADE TO A NEW MINI.
Get a fresh start when you lease or finance a MINI from our latest model lineup.
Option 2:
PURCHASE YOUR CURRENT MINI.
Stay in the MINI you love.
It’s never been easier on your mind or your wallet to make the MINI you love all your own. With attractive interest rates1 for eligible customers2 and a streamlined purchase process, buying your MINI at lease maturity is simple, convenient, and will keep the good times rolling. Contact your preferred MINI Retailer today to learn more!
Option 3:
RETURN YOUR CURRENT MINI.
Book an appointment with your MINI Retailer to return your MINI.
DETERMINE YOUR MINI’S CONDITION WITH A VEHICLE EVALUATOR TOOL.
The MINI Financial Services Vehicles Condition Evaluator Tool was designed to help you determine acceptable or unacceptable wear on your MINI. While unacceptable wear will be considered chargeable at least maturity, those who have purchased MINI Financial Services Excess Wear & Use Protection at contract inception will be protected from some of these charges.
STANDARD WEAR & USE OVERVIEW.
WINDSHIELD
WINDSHIELD
ACCEPTABLE
Cracks or stars that are outside of the driver’s wiper arc and within the 1/2" inner circle of the Evaluator (up to two occurrences).
UNACCEPTABLE
Cracks or stars that are inside of the driver's wiper arc or greater than the 1/2" inner circle of the Evaluator (up to two occurrences).
SCRATCHES
SCRATCHES
ACCEPTABLE
Surface scratches/scuffs that do not penetrate the paint and can be removed with normal reconditioning; Scratches/scuffs through the paint that are less than the 2" middle circle of the Evaluator.
UNACCEPTABLE
All scratches/scuffs that penetrate through the paint and that extend beyond the 2" middle circle of the Evaluator.
DENTS & DINGS
DENTS & DINGS
ACCEPTABLE
Dents and dings with damage 2" or less (maximum three occurrences per panel).
UNACCEPTABLE
Dents and dings that extend outside the 2" middle circle of the Evaluator, or more than three dents or dings per panel.
CHIPS
CHIPS
ACCEPTABLE
Minor stone chips that affect an area within the 2" circle on the Evaluator.
UNACCEPTABLE
Stone chips that affect an area greater than the 2" circle on the Evaluator.
PNEUS
PNEUS
ACCEPTABLES
Des éclats de pierre mineurs qui affectent une surface inférieure au cercle central de deux pouces de l’évaluateur de condition de véhicule.
INACCEPTABLES
Des éclats de pierre qui affectent une surface supérieure au cercle central de deux pouces de l’évaluateur de condition de véhicule.
TIRES
TIRES
ACCEPTABLE
Tires must have at least 4/32" of tread at the lowest point (deeper than the white wear bar on the Evaluator); Tires must match the original equipment supplied on your vehicle (speed rating, type, brand, run-flat, size). Please see your MINI Retailer for details. (approved brands are Michelin®️, Pirelli®️, Bridgestone®️, Continental®️, Dunlop®️, Goodyear®️ and Hankook®️)"
UNACCEPTABLE
Tires that have less than 4/32" tread depth; Tire specifications and sizes different from original equipment brand (approved brands are listed above), type (run-flat), and speed rating.
WINDSHIELD
ACCEPTABLE
Cracks or stars that are outside of the driver’s wiper arc and within the 1/2" inner circle of the Evaluator (up to two occurrences).
UNACCEPTABLE
Cracks or stars that are inside of the driver's wiper arc or greater than the 1/2" inner circle of the Evaluator (up to two occurrences).
SCRATCHES
ACCEPTABLE
Surface scratches/scuffs that do not penetrate the paint and can be removed with normal reconditioning; Scratches/scuffs through the paint that are less than the 2" middle circle of the Evaluator.
UNACCEPTABLE
All scratches/scuffs that penetrate through the paint and that extend beyond the 2" middle circle of the Evaluator.
DENTS & DINGS
ACCEPTABLE
Dents and dings with damage 2" or less (maximum three occurrences per panel).
UNACCEPTABLE
Dents and dings that extend outside the 2" middle circle of the Evaluator, or more than three dents or dings per panel.
CHIPS
ACCEPTABLE
Minor stone chips that affect an area within the 2" circle on the Evaluator.
UNACCEPTABLE
Stone chips that affect an area greater than the 2" circle on the Evaluator.
PNEUS
ACCEPTABLES
Des éclats de pierre mineurs qui affectent une surface inférieure au cercle central de deux pouces de l’évaluateur de condition de véhicule.
INACCEPTABLES
Des éclats de pierre qui affectent une surface supérieure au cercle central de deux pouces de l’évaluateur de condition de véhicule.
TIRES
ACCEPTABLE
Tires must have at least 4/32" of tread at the lowest point (deeper than the white wear bar on the Evaluator); Tires must match the original equipment supplied on your vehicle (speed rating, type, brand, run-flat, size). Please see your MINI Retailer for details. (approved brands are Michelin®️, Pirelli®️, Bridgestone®️, Continental®️, Dunlop®️, Goodyear®️ and Hankook®️)"
UNACCEPTABLE
Tires that have less than 4/32" tread depth; Tire specifications and sizes different from original equipment brand (approved brands are listed above), type (run-flat), and speed rating.
EXCESS WEAR & USE PROTECTION.
FOR THOSE WHO PURCHASED EXTRA PROTECTION WITH THEIR VEHICLE. .
MINI Financial Services Excess Wear & Use Protection covers some vehicle damage that would otherwise be chargeable. The following guidelines can help you determine whether your MINI has any uncovered damage before returning it to a MINI Retailer.
EXTERIOR
ACCEPTABLE
- Scratches or scuffs through paint greater than 2" middle circle of the Evaluator;
- Stone chips that cover an area greater than the 2" middle circle of the Evaluator;
- Any dents greater than the 2" middle circle of the Evaluator;
UNACCEPTABLE
- Broken exterior parts that are not replaced or repaired to manufacturer’s specifications (e.g., misaligned parts, mismatched paint, distorted body panels);
- Repairs that do not meet manufacturer’s specifications (e.g., misaligned parts, mismatched paint, distorted body panels, poor previous repair or repaint);
- Cracked, punctured, buckled, bent, gouged, or deeply scratched bumpers;
GLASS & LAMPS
GLASS & LAMPS
ACCEPTABLE
- Star breaks, bull’s-eyes with cracks, or windshield cracks that are larger than 1/2";
- Any star breaks, bull’s-eyes with cracks, or windshield cracks that are within the driver’s wiper arc, regardless of size;
UNACCEPTABLE
- Any windshield replacement that does not have the approved MINI logo displayed in the glass;
WHEELS
ACCEPTABLE
- Four matching MINI approved tires that meet the vehicle’s original tire specifications (size, load index, speed rating, run-flat) which can be found on the vehicle door B pillar decal and/or within the vehicle’s owner’s manual. MINI approved tires are manufactured by Pirelli®, Continental®, Goodyear®, Dunlop®, Michelin®, Bridgestone® and Hankook®.
- Minor scuffs to tires that do not affect the safety of the tire;
- Scratches to the wheel covers, rims, or alloys.
UNACCEPTABLE
- Tire specifications and sizes different from the original tires supplied on your vehicle, including incorrect type (e.g. run-flat), and/or a non-approved brand (approved brands are Michelin®, Pirelli®, Bridgestone®, Continental®, Dunlop®, Goodyear®, and Hankook®);
- Tire repair plugs;
- Bulges or indentations in the sidewall;
- Any tire damage that affects the safe operation of the vehicle;
- Mismatched, bent, cracked, or broken wheels, wheel covers, or alloys;
- Alloy wheel specification, sizes and type (wheel style) different than the vehicle’s original equipment, including painted wheels;
INTÉRIEUR
INTÉRIEUR
ACCEPTABLES
- Fissures en étoile, fissures en œil de bœuf ou fissures sur le pare-brise de plus de 1,27 cm (½ po).
- Toute fissure en étoile ou en œil de bœuf, ou toute fissure à l’intérieur de l’arc de l’essuie-glace du conducteur, peu importe leur taille.
INACCEPTABLES
- Tout remplacement de pare-brise dont le logo MINI approuvé n’est pas affiché dans le verre.
ACCEPTABLE
- Scratches or scuffs through paint greater than 2" middle circle of the Evaluator;
- Stone chips that cover an area greater than the 2" middle circle of the Evaluator;
- Any dents greater than the 2" middle circle of the Evaluator;
UNACCEPTABLE
- Broken exterior parts that are not replaced or repaired to manufacturer’s specifications (e.g., misaligned parts, mismatched paint, distorted body panels);
- Repairs that do not meet manufacturer’s specifications (e.g., misaligned parts, mismatched paint, distorted body panels, poor previous repair or repaint);
- Cracked, punctured, buckled, bent, gouged, or deeply scratched bumpers;
GLASS & LAMPS
ACCEPTABLE
- Star breaks, bull’s-eyes with cracks, or windshield cracks that are larger than 1/2";
- Any star breaks, bull’s-eyes with cracks, or windshield cracks that are within the driver’s wiper arc, regardless of size;
UNACCEPTABLE
- Any windshield replacement that does not have the approved MINI logo displayed in the glass;
ACCEPTABLE
- Four matching MINI approved tires that meet the vehicle’s original tire specifications (size, load index, speed rating, run-flat) which can be found on the vehicle door B pillar decal and/or within the vehicle’s owner’s manual. MINI approved tires are manufactured by Pirelli®, Continental®, Goodyear®, Dunlop®, Michelin®, Bridgestone® and Hankook®.
- Minor scuffs to tires that do not affect the safety of the tire;
- Scratches to the wheel covers, rims, or alloys.
UNACCEPTABLE
- Tire specifications and sizes different from the original tires supplied on your vehicle, including incorrect type (e.g. run-flat), and/or a non-approved brand (approved brands are Michelin®, Pirelli®, Bridgestone®, Continental®, Dunlop®, Goodyear®, and Hankook®);
- Tire repair plugs;
- Bulges or indentations in the sidewall;
- Any tire damage that affects the safe operation of the vehicle;
- Mismatched, bent, cracked, or broken wheels, wheel covers, or alloys;
- Alloy wheel specification, sizes and type (wheel style) different than the vehicle’s original equipment, including painted wheels;
INTÉRIEUR
ACCEPTABLES
- Fissures en étoile, fissures en œil de bœuf ou fissures sur le pare-brise de plus de 1,27 cm (½ po).
- Toute fissure en étoile ou en œil de bœuf, ou toute fissure à l’intérieur de l’arc de l’essuie-glace du conducteur, peu importe leur taille.
INACCEPTABLES
- Tout remplacement de pare-brise dont le logo MINI approuvé n’est pas affiché dans le verre.
FREQUENTLY ASKED QUESTIONS for EXCESS WEAR & USE PROTECTION.
Please refer to your MINI Financial Services Excess Wear & Use Protection contract for more information.
What does my Excess Wear & Use (EWU) protection plan cover?
Your EWU Protection plan protects you from certain damages that would otherwise be chargeable at lease-end. For specific details about what is covered, please refer to the EWU contract Addendum.
Is my Excess Wear & Use (EWU) Protection plan refundable if I decide to buyout my lease?
Your EWU Protection plan may only be cancelled within the first thirty (30) days after its purchase for a full refund. For any buyout occurring after that time, the cost is non-refundable. To cancel, you must follow the process specified in the EWU Addendum.
Are tires covered by my Excess Wear & Use (EWU) Protection plan?
Certain tire charges may be covered by EWU. For full details on covered wear and use, and chargeable wear and use, please refer to the EWU contract Addendum.
Are keys / key fobs covered by my Excess Wear & Use (EWU) Protection plan?
Certain key charges may be covered by your EWU. Please note that lost or missing keys are not covered by EWU. For full coverage details, please refer to the EWU contract Addendum.
Are windshields covered by my Excess Wear & Use (EWU) Protection plan?
Damage to MINI approved windshields is covered by EWU. For full details, please click here.
Find a MINI Repair Centre.
Our MINI Certified Collision Repair Centres (CCRC) are able to repair any signs of wear and use that may be considered "unacceptable” and restore your MINI back to its factory specifications. Every MINI CCRC is equipped with specialized tools and trained technicians to give you fast, easy service, and a guarantee that your repairs are MINI Certified. Schedule your appointment today at a repair centre near you.
MY MINI ACCOUNT.
My MINI Account is our secure MINI Financial Services platform which has a variety of self-service features and 24/7 resources to make managing your MINI’s financing, and your motoring adventures, easier than ever. You can use My MINI Account to access your MINI Financial Services information, review your financial documents, and much more, anytime, anywhere – all from your mobile device or computer.
MY MINI ACCOUNT FEATURES:
View contract details
Request a payoff quote
Review, and reschedule payments online*
Update banking information
Securely send and receive your documents and messages
Live dashboard to check account status
Access to the End of Term Centre to walk you through your options at contract maturity
Make one time payments (e.g. Lease Maturity Invoice)
View contract details
Request a payoff quote
Review, and reschedule payments online*
Update banking information
Securely send and receive your documents and messages
Live dashboard to check account status
Access to the End of Term Centre to walk you through your options at contract maturity
*Active accounts on bi-weekly or monthly automatic recurring payment schedules may reschedule payment dates up to once per pay period. Subject to scheduling limitations, and customer and account eligibility. Please contact the Customer Interaction Centre via the Secure Message Centre in My MINI Account or by calling 1-866-DRV-MINI for more details.
WHERE NEXT? YOU DECIDE.
THE END-OF-TERM CENTRE.
As you approach the end of your lease, the End-of-Term Centre is here to guide you through the whole process. You’ll be in full control of your end-of-lease options and will be able to effortlessly manage your lease contract online – ensuring a seamless transition to your next driving adventure! The End-of-Term Centre is available from four months prior to your lease maturity and will give you a personalized end-of-lease experience that’s tailored to your unique needs.
FREQUENTLY ASKED QUESTIONS AT LEASE MATURITY.
Can I return my lease early?
Puis-je retourner mon véhicule plus tôt?
Yes, you may return your lease early (i.e. prior to the maturity date noted in the Lease Agreement), however, you are responsible for all remaining lease payments to the maturity date and any other account charges due pursuant to the Lease Agreement. A lease-end inspection is required, and any damages or excess kilometer charges will be determined and payable at the time of return. Please ensure that any amounts due are promptly paid, as unpaid accounts are reported by us to the credit reporting agencies.
What do I have to do at the end of the leasing contract?
You can find the MINI return process with a customized timeline by entering in your lease maturity date in our lease maturity calendar. Click here to access your personalized calendar. You can also access your Lease Maturity Checklist here.
Can I keep my MINI after my Lease Agreement comes to an end?
You may keep your MINI past its maturity date by either purchasing it or extending your lease. Please click here to submit a request to purchase your current MINI. You can also request to extend the lease in your My MINI Account or by calling us.
IMPORTANT: If you do not do so, you will be charged the Over Holding Lease Payment, and in some cases, the failure to return the vehicle may lead to its repossession, adverse credit reports being made about your account, and additional costs being charged to you.
IMPORTANT: If you do not do so, you will be charged the Over Holding Lease Payment, and in some cases, the failure to return the vehicle may lead to its repossession, adverse credit reports being made about your account, and additional costs being charged to you.
Are there any further costs when the leasing contract comes to an end?
There are no additional costs to return your leased vehicle at maturity; however, if there are any damages to the vehicle, excess kilometers, or other balances due on your account, they will be charged on your Lease Maturity Invoice. To learn more about how to determine your vehicle’s condition, please visit our Vehicle Condition Evaluator page.
What happens if my vehicle has damage at the end of the Leasing Agreement?
A lease-end inspection is required from AutoVIN Canada, an independent inspection agency. Your inspection report will call out all types of damages present on the vehicle prior to your maturity date, providing you with the ability to repair any damage that would be chargeable to you. Consult with your preferred MINI Retailer for details.
Can I receive a refund for kilometers that I didn’t use?
There is not a refund or credit available to those that return the vehicle with less than the Allowable Kilometres.
When will I receive my Security Deposit refund and how do I receive it?
Security Deposit refunds are usually issued within 3-5 business days after account closure, deposited to the bank account on file. Your Lease Maturity Invoice will outline any refunds due to you. Please note, these times vary and may take an additional 5-10 business days for your bank to process the deposit. Please note that BMW Financial Services may apply the security deposit, at any time, to any amounts outstanding under this lease if not paid by you when due.
I returned my vehicle a while ago but didn’t receive a Lease Maturity Invoice. Is there a problem?
A delay in receiving your Lease Maturity Invoice doesn't always indicate a problem. You can check on the status of your account anytime by visiting My MINI Account or by calling us.
What are OEM tires and what tires do I need to return with my leased vehicle?
OEM stands for “Original Equipment Manufacturer” and refers to MINI-approved equipment. You are required to return the vehicle with four installed, matching, MINI -approved tires (from Michelin®, Pirelli®, Bridgestone®, Continental®, Dunlop, Goodyear® and Hankook®. with at least 4/32” of tread depth. Please note all tires must meet (or exceed) the vehicle’s original tire quality specifications, which can be found on the vehicle B pillar door decal and/or within the vehicle’s owner’s manual. An authorized MINI Retailer is pleased to assist you with finding the right tires.
Contact your preferred MINI Retailer
Contact your preferred MINI Retailer
FAQ on Lease Buyouts
How do I buyout my vehicle?
Your lease buy-out must be completed at an authorized MINI Retailer. As set out in the Lease Agreement, the transaction is subject to Retailer administration fees, taxes and other charges applicable at the time of purchase including the cost of a required government inspection, obtaining any certificate of fitness (“safety” or similar), related repair costs and ministry ownership transfer fees plus all other amounts due under the Lease. Pay-off cheques must be received by the maturity (i.e. “Valid Until”) date indicated on the pay-off quote. Please click here to submit a request to your preferred MINI Retailer.
Can I buyout my lease through My MINI Account?
To ensure compliance with various laws and regulations, we cannot offer or process lease buyouts via My MINI Account or online. All lease buyouts must be completed by an authorized MINI Retailer. Please click here to submit a request to your preferred MINI Retailer.
Can I buyout my lease directly through MINI Financial Services and not through the MINI Retailer?
To ensure compliance with various laws and regulations, and to allow for a safety inspection to be completed, we cannot offer or process buyouts over the phone or accept buyout payments directly. Any buyout cheques sent to MINI Financial Services directly will be returned. All lease buyouts must be completed by an authorized MINI Retailer. Please click here to submit a request to your preferred MINI Retailer.
When do I have to decide if I will buyout my lease?
You may buyout your lease for the amount stipulated in your Lease Agreement at any time up to and including the maturity date noted in the Lease Agreement. Please note, all remaining payments will become due if the lease is bought-out prior to the maturity date.
What is my pay-off amount?
Your current pay-off amount can be accessed by logging into My MINI Account to obtain your Lease Agreement Purchase Quote, by calling your preferred MINI Retailer, or by calling us for assistance. Please note, quoted amounts expire. Please be aware that the transaction is subject to Retailer administration fees and other charges, including a government inspection, certificate of fitness (“safety” or similar), any required repair costs, and ministry ownership transfer fees. Please click here to submit a request to your preferred MINI Retailer with the option to buy out your lease.
Is the Residual Value / pay-off amount negotiable?
No, the Residual Value amount is a calculated and fixed amount set at the beginning of the lease. Therefore, the pay-off amount is non-negotiable, and payment in full of all amounts due under the Lease Agreement is required to terminate the lease.
Why do I have to pay a Retailer admin fee to buyout my lease?
To complete a lease buyout transaction, there are several steps and processes that an authorized MINI Retailer must complete. Retailers incur costs with many of these processes, and therefore may charge an administration fee. The administration fee is set by the MINI Retailer. The cost may vary by Retailer, but the maximum permitted charge is set out in the Lease Agreement.
FAQ on Lease Assumptions / Transfers
What is a Lease Assumption?
A Lease Assumption is a formal process whereby the current customer leasing a vehicle transfers all of their rights and obligations – including responsibility for the vehicle’s condition and repair - to a new lessee. Lease Assumptions are inherently risky, and not all leases may be assumed. We strongly recommend that prior to assuming a lease, you complete a detailed inspection of the vehicle and speak with your legal representative. Once completed, you are legally responsible for all obligations under the Lease Agreement. Please contact us for additional information.
What is required if I want to do a Lease Assumption?
There are a variety of steps required to complete a Lease Assumption, including a credit check. Please visit an authorized MINI Retailer to learn if a Lease Assumption is right for you.
General FAQ
Where can I find my account number?
Your account number can be found by visiting My MINI Account or by calling us for assistance.
Where can I find my lease You can find your maturity date
You can find your maturity date on page one of your Lease Agreement (the “Scheduled Termination Date”). If your agreement is not readily accessible, you can also find your maturity date by logging into My MINI Account or by calling us for assistance.