After nearly five years, I completely own my MINI. I finished paying the loan last month and the title just arrived to prove it. I always paid a little extra each month so the loan was paid off a few months before its five year birthday this May. I would have taken a three year loan when I bought the car, but decided on a five year just in case I bought a house, which I did a few years later. Of course I have no intentions to sell my MINI and still love driving it every day of the year.