Leasing vs. Buying a New INFINITI

May 22nd, 2024 by

Exterior of the 2024 INFINITI QX60

If you want the unique experience of driving a luxurious INFINITI car, you have two options: leasing or buying. Each has unique advantages and considerations catering to different lifestyles, preferences, and financial goals. At our INFINITI of Hoffman Estates dealership, we understand that choosing between leasing and buying can be difficult. So, we’re here to provide comprehensive guidance, helping you navigate each option’s key differences and benefits.

Pros of Buying an INFINITI

One of the most significant advantages of buying an INFINITI is the freedom to drive as many miles as you want without worrying about over-mileage penalties. You can take long road trips or embark on daily commutes without restrictions when you own your vehicle. The upfront cost of buying can often be less than leasing, making it an attractive option if you prefer a long-term investment.

Another benefit of buying an INFINITI is that once you pay off your loan, you own a vehicle with a high resale value. INFINITI vehicles are known for their quality, reliability, and lasting appeal, which translates to a strong resale market. As an owner, you can modify your car to your liking without any restrictions from a lender.

When you finance your INFINITI purchase, it’s possible to cover the entire amount, meaning you may have a limited initial expense, which can be advantageous for those who prefer to spread out the cost of their vehicle over time. Owning your INFINITI also means planning for long-term maintenance. However, with our nationally recognized service department, taking care of your car is easy. Our expert technicians will ensure that you drive in safety and security for as long as you own your INFINITI.

Pros of Leasing an INFINITI

Leasing an INFINITI offers unique advantages that appeal to many drivers. One significant benefit is the potential for lower monthly payments compared to buying. When you lease, you essentially pay for the vehicle’s depreciation during the lease term rather than the entire purchase price. This can result in more affordable monthly payments, allowing you to drive a higher-end INFINITI model for less.

Another advantage of leasing is that you can avoid the cost of vehicle depreciation. Since you are not the vehicle owner, you don’t have to worry about the long-term impact of depreciation on your finances. This can be particularly appealing for those who enjoy driving a new vehicle every few years.

Speaking of driving a new vehicle, leasing an INFINITI allows you to experience the latest models and features every two to three years. With lease terms typically ranging from 24 to 36 months, you can regularly upgrade to a new INFINITI without the commitment of long-term ownership. INFINITI offers special leasing plans and incentives, making leasing even more attractive.

Our dealership offers flexible mileage allowances with our leases, ranging from 10,000 to 15,000 miles per year. If your driving needs change during your lease, we can even adjust your mileage allowance to accommodate your situation. Plus, when you lease an INFINITI, you can have peace of mind knowing that the manufacturer’s warranty covers your vehicle for the duration of the lease.

Lease-End Options

When your INFINITI lease term ends, you have several options to consider. One popular choice is to return the vehicle to us and lease a new INFINITI. This allows you to continually drive the latest models with the most up-to-date features and technology.

Another option is to purchase the vehicle you’ve been leasing by paying the residual value. This can be a good choice if you’ve grown attached to your INFINITI and want to keep it long term. You can either pay the residual value outright or finance the remaining balance.

If you’re unsure whether to lease a new INFINITI or purchase your current one, you can also explore lease trade-in options. Our knowledgeable sales consultants can help you navigate the lease-end process and find the best solution based on your budget and needs.

Other Factors To Consider

When deciding between leasing and buying an INFINITI, you must consider several key factors. One of the most important is your annual mileage needs. Suppose you typically drive more than the allotted mileage in a lease agreement. In that case, buying may be a better option to avoid over-mileage fees.

Another factor to consider is how long you want to drive the same vehicle. If you prefer to drive the newest models to enjoy the latest INFINITI innovations, such as advanced safety and infotainment technology, leasing may be the way to go. But if you plan on keeping your vehicle for an extended period, buying could be more cost-effective in the long run.

It’s also essential to compare the long-term costs between leasing and buying. While leasing may offer lower monthly payments, buying a vehicle outright could result in lower overall expenses, especially if you plan on owning the car for several years after you pay off the loan. Additionally, consider whether you plan to use your INFINITI for business purposes, as this can impact your decision and potentially offer tax advantages.

Explore Your Options at INFINITI of Hoffman Estates

We’re dedicated to helping you make the right choice between leasing and buying. Contact our friendly experts to get personalized guidance and answers to questions you may have about the process.

We┬áinvite you to visit our dealership in Hoffman Estates, Illinois, and explore the latest INFINITI models available for lease or purchase. With our extensive selection and competitive pricing, you’re sure to find the perfect vehicle to fit your needs and desires. Whether you choose to lease or buy, you can trust that we’ll be with you every step of the way.

Posted in New Inventory