A Guide To Deciding Between Leasing and Financing

When it comes to purchasing a new car, there are many factors to consider. One of the most important decisions you will need to make is whether to lease or finance your vehicle. Both options have their own unique benefits and drawbacks, so it’s important to understand the differences before making a decision.

In this guide, we will discuss the pros and cons of leasing and financing an INFINITI to help you make the right choice.

Leasing an INFINITI

Leasing an INFINITI can offer distinct advantages for those who prefer flexibility and the latest in automotive technology. INFINITI’s lease offers can be particularly appealing due to the following benefits:

Benefits

Lower Monthly Payments

One of the primary reasons customers opt to lease is the potential for lower monthly payments compared to traditional financing plans. This affordability makes it possible to drive a more luxurious model at a fraction of the cost.

Ability to Drive a Newer Model More Frequently

With a lease, you’re not tied down to a single car for a long period. Typically, lease terms last between two to three years, allowing you to upgrade to the newest INFINITI models regularly and enjoy the latest features and improvements.

Considerations

However, leasing also comes with strings attached:

Mileage Restrictions

Most leases come with yearly mileage restrictions, which can vary from 10,000 to 15,000 miles. If you exceed these limits, you will face extra charges per mile, which can add up quickly.

Wear and Tear Costs

At the end of your lease term, you might be responsible for any damages to the vehicle beyond normal wear and tear. It’s important to maintain your INFINITI properly throughout the lease to avoid these additional costs.

Financing an INFINITI

While the allure of regular upgrades may sway some, financing offers its own set of rewards rooted in long-term ownership.

Benefits

Ownership Equity

Each monthly payment on a financed INFINITI brings you closer to outright ownership. This equity is an investment in a valuable asset and gives you the freedom to modify or sell your vehicle at any time.

No Mileage Restrictions

As a vehicle’s owner, you dictate how much you drive without penalties for exceeding prescribed limits. For those who enjoy the open road, this flexibility is invaluable.

Considerations

On the flip side, financing your INFINITI also presents some challenges:

Higher Monthly Payments

The path to ownership typically demands higher monthly payments since you are paying for the entire value of the car, plus interest and fees.

Longer Commitment

When you finance, you commit to a longer financial relationship with the vehicle, often ranging from four to six years. This can be an issue for customers who prioritize short-term flexibility.

Choosing the Right Option

The choice between leasing and financing ultimately comes down to the particulars of your situation and what you value most as a driver and car owner.

Driving Habits

If you spend most of your time commuting within city limits, the relative freedom of a lease may be more than sufficient. Conversely, if you often find yourself on long road trips, the open mileage of financing could be the better fit for your lifestyle.

Budget

Your monthly budget is a critical factor. While leasing often has lower upfront costs and monthly payments, financing provides the long-term benefit of ownership.

Long-Term Plans

Consider your long-term plans, both with the same car and beyond. If you value the predictability of a newer car every few years, leasing might be your preference. For those who want a car to last years beyond the payment schedule, ownership through financing is the clear winner.

Leasing vs. Financing: Finding the Perfect Fit for Your Lifestyle

The lease vs. finance decision can seem daunting. However, by understanding the key differences and evaluating your personal circumstances, you can confidently choose the option that best suits your goals. At Beaverton INFINITI, we’re not only dedicated to providing top-quality vehicles; we’re also committed to empowering our customers to make informed decisions that enhance their driving experience.

Remember, your relationship with your INFINITI is a personal one, and your financial strategy should be equally tailor-made. If you have any questions regarding financial services or leasing or financing specific offers or if you need personalized assistance to find your best option, don’t hesitate to reach out to our team at Beaverton INFINITI in Portland. Our experienced staff is here to ensure you drive away with a plan that satisfies your automotive desires and financial needs.

Visit the Beaverton INFINITI website here for more details on our lease and finance deals and options. Additionally, you can streamline the process by getting pre-approved for a car loan or lease through our convenient online portal. Your INFINITI experience starts here.