The most popular vehicle this year for graduating seniors is the MINI Cooper, which isn’t as surprising as the way they are acquiring them.
Shown here is the special new Graphite Edition available - unfortunately - only in the UK, as of yet.
"When a student graduates and moves on to college or the professional world, they want a gift that symbolizes their academic honor and accomplishments," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "Large down payment requirements and lengthy terms make it difficult for most people to get a car as a graduation gift.”
So what’s a proud parent to do?
At the risk of sounding like a shill for LeaseTrader.com – the nationwide online marketplace for car lease transfers – their secondary lease concept is really taking off. They’ve recorded a 16 percent increase in their Lease Takeover Program, citing graduating seniors as their biggest market... and the MINI Cooper as their most popular car.
This program lets them get a lease with no money down and very short terms and, better yet, will affordably match car shoppers and people looking to escape their lease a bit early, transferring the lease as a “secondary lease” to the next guy. The first guy gets a new lease on a new car without having to wait forever for his lease to play out, and the second guy gets a shortened lease on a slightly used car with no down payments.
That’s playing well with seniors – and their parents – who want to drive a MINI without a maximum lease term hanging over their heads.
Sounds like a good idea to us.
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