Lease Maturity | MINI Toronto

THE MINI GUIDE TO
THE LEASE MATURITY PROCESS.

Whether you have questions about your current lease, want to start a new lease, or would like to own your MINI outright, we’re here to help you navigate your options at every step.

On this page you will find helpful resources on the lease maturity process, MINI Financial Services Excess Wear & Use protection, MINI Certified Collision Repair Centres, My MINI Account, and more.

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LEASE MATURITY.

MILESTONES

The lease maturity process for your MINI is simple. To ensure things run smoothly, there are a few simple steps you’ll have to complete. Below is a personalized event timeline that we’ve created to notify you of these important dates and requirements.

YOUR LEASE
MATURITY CHECKLIST.

With the maturity date of your current lease just around the corner, MINI Financial Services would like to remind you of the important steps involved in our lease maturity process. Whether you want to keep motoring in your current MINI, or explore our other models, we’re here to help guide you through every twist and turn. Download our handy Lease Maturity Checklist below to learn more about the process.

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ENTER YOUR LEASE MATURITY DATE BELOW.

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Below are four Lease Maturity milestones that need to be arranged in the near future. Note: All dates are approximate and are not pre-booked. Contact your MINI Retailer to finalize the dates and times that are best for you.

LEASE MATURITY CALL

If you haven’t been contacted yet, reach out to your MINI Retailer directly to book a pre-inspection. Also, please let them know if you want to keep your current MINI, or if you’re interested in a new one. Approximately 180–120 days before your lease matures, you can expect a call from your MINI Retailer as a reminder that your lease maturity date is approaching. Take this opportunity to come into your MINI Retailer for a pre-inspection and to let them know if you are looking to keep your current MINI or if you are interested in a new one.

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INSPECTION CALL

If you haven’t been contacted yet, please get in touch with AutoVIN Canada directly to arrange your appointment for a brief vehicle inspection. This inspection can be completed at any location that is convenient to you. Approximately 75 days before your lease expires, you can expect a call from AutoVIN Canada, an independent inspection company, to arrange an appointment for a mandatory vehicle inspection. The inspection can be completed at a time and location which is convenient for you, including your home or office.

AutoVIN Canada: 1-800-556-2811

AutoVIN Canada: 1-800-556-2811

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VEHICLE INSPECTION

If you have not made an appointment to have your MINI inspected, please contact AutoVIN Canada to arrange one immediately. After AutoVIN Canada evaluates the condition of your MINI, a Vehicle Inspection Report will be available online within 48 hours of the physical inspection, outlining the condition of your vehicle. If your vehicle requires any repairs or maintenance, you are strongly encouraged to have the work completed prior to the vehicle turn-in date, in order to avoid late return fees. To ensure all repairs or maintenance are completed properly and to avoid poor or improper repair charges at lease end, we recommend the repairs be completed at an authorized MINI Retailer or Certified Collision Repair Centre.

Please note that if you have purchased MINI Financial Services Excess Wear & Use Protection plan with your MINI vehicle, this process has been simplified for you. Upon completion of your vehicle inspection by AutoVIN Canada, please contact one of our Lease Maturity Specialists at 1-866-DRV-MINI 1-866-DRV-MINI to see if any chargeable items will be taken care of by your Excess Wear & Use Protection coverage or refer to your Excess Wear & Use Protection contract for more information.

AutoVIN Canada: 1-800-556-2811

AutoVIN Canada: 1-800-556-2811

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RETURN YOUR VEHICLE

Your MINI must be returned to your MINI Retailer on or before this date. Please book an appointment with your MINI Retailer to have your vehicle’s condition and maintenance history reviewed as soon as possible. Your MINI vehicle must be returned to your MINI Retailer before or on the lease maturity date. Please schedule your appointment with your Retailer in advance to review your vehicle’s condition and confirm all necessary maintenance and/or repairs have been made. Please ensure that both sets of keys, owner’s manual, vehicle accessories (as applicable) and original copy of ownership (Province of Alberta only) are returned with the vehicle, as required. Once confirmed, you and your Retailer will sign a Vehicle Return Confirmation Form to complete the vehicle turn-in process. You may also settle any applicable excess wear and use charges at this time.

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REMINDER: Please ensure that you take the time to delete all of your personal information from the iDrive system of your MINI (if applicable) prior to vehicle turn-in. Click here to view a PDF document containing step-by-step instructions on how to perform this important task.

END OF LEASE OPTIONS.

Your end-of-lease options are below. Whether you decide to upgrade to a new MINI, purchase your current one, or return it, contact your MINI Retailer and they’ll be happy to walk you through the process in detail.

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Option 1:

UPGRADE TO A NEW MINI.

LEARN MORE

Get a fresh start when you lease or finance a MINI from our latest model lineup.

SEND REQUEST TO MINI RETAILER BROWSE THE CURRENT LINEUP

IT PAYS TO STAY WITH MINI.

Explore our latest MINI loyalty offers to keep the good times rolling.

EXPLORE LOYALTY OFFERS

Option 2:

PURCHASE YOUR CURRENT MINI.

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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! More info icon button

SEND REQUEST TO MINI RETAILER BROWSE THE CURRENT LINEUP

Option 3:

RETURN YOUR CURRENT MINI.

LEARN MORE

Book an appointment with your MINI Retailer to return your MINI.

SEND REQUEST TO MINI RETAILER BROWSE THE CURRENT LINEUP

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.

If you’re planning on returning your current MINI, this handy interactive guide will assist you with checking for acceptable wear and use, and help you determine if any maintenance or repair work needs to be completed before your vehicle return date. If you purchased MINI Financial Services Excess Wear & Use Protection at contract inception, you will be protected from some damages that would otherwise be chargeable at lease maturity.

ORDER YOUR VEHICLE CONDITION EVALUATOR TOOL

WINDSHIELD

SCRATCHES

DENTS & DINGS

CHIPS

TIRES

INTERIOR WEAR

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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).

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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.

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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.

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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.

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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.

ORDER YOUR EVALUATOR TOOL
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INTERIOR WEAR

ACCEPTABLE Minor scuffs to the interior, seats, and soft trim (includes leather, cloth, vinyl leather, plastic, wood, carpets, headliners, vinyl and convertible tops, and weather-stripping seals).

UNACCEPTABLE Any tears or burns to the interior;
Stains that cannot be removed

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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

GLASS & LAMPS

WHEELS

INTERIOR

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;
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;
ACCEPTABLE
  • Minor scuffs to the interior, seats, and soft trim (includes leather, cloth, vinyl leather, plastic, wood, carpets, headliners, vinyl and convertible tops, and weather-stripping seals).
UNACCEPTABLE
  • Missing interior equipment valued over $200 per item (headrests, remote controls, headphones, etc);
  • Stains that cannot be removed;
  • Any burn holes or singed areas.

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.

FREQUENTLY ASKED QUESTIONS
AT LEASE MATURITY.

FAQ on the Lease Return Process

Can I return my lease early?
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.
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

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 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.
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