Buying vs Leasing

Buy or Lease a car in Portland, ORWhen it comes to buying or leasing a car the options can be confusing. To help drivers make an informed decision our INFINITI dealer of Portland, Beaverton INFINITI, has provided some insightful information below. We hope that shoppers will find it informative and useful.

When an auto consumer buys the new or used automobile they pay for the entire cost of the vehicle. When they lease the new or used car, they pay for only a portion of the vehicle's cost, which is proportionate to the lease's duration.But the Lake Oswego area INFINITI finance team at Beaverton INFINITI wants our customers to further understand the crucial differences in these two options.

 Buying Leasing

Who Owns It

Whether a drivers pays for the car with cash, or finances it and makes monthly payments, either way it's theirs. Of course, if they're financing it, they'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If drivers don't, the dealership has the right to repossess it.
Who Owns It

Shoppers do not own the car when they lease. They're paying for the use of the vehicle, but the finance institution that it was leased through actually owns it. This is usually why leasers pay less per month in a lease than if they were to buy the car.
Up-Front Costs

If shoppers finance their vehicle, the bank will probably request a down payment. They can also trade-in another vehicle and use any equity towards their down payment. The amount of the down payment is usually based on the lender's requirements and the shopper's credit score.
Up-Front Costs

Leases often do not require any type of a down payment. All drivers usually have to pay for is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if they want to lower their monthly payments they can always pay more upfront.
Future Value

Drivers' vehicles will be worth whatever they can sell it for in the future and that depends on how well they maintain it.
Future Value

In most leases drivers don't end up owning it so they don't end up selling it. That's the financial institution's job. Although they may have mileage limits and wear and tear guidelines that, if they exceed them, could cost drivers extra money when they turn their vehicle back in.
End of Payments

Once drivers have paid off what they owe on their contract, that's it. Their vehicle is 100% theirs. The lending institution will send out a Lien Release as proof that the vehicle is completely paid off and all theirs.

End of Payments

Most people return the leased vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Drivers can just ask us about these different options before signing any paperwork and we'll make sure that their lease is set up the way they want it to be.
  Best Cars to Lease

The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, leasers pay less. Shoppers can review the lease ratings to see which cars retain their value.

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Beaverton INFINITI

9500 SW Canyon Road
Directions Portland, OR 97225

  • Contact Us: (888) 347-9263
  • Service: (877) 334-9832