You should consider all your INFINITI financing options before you buy your next car. Buying and leasing are the main options for financing your next vehicle, and they both have lots of benefits worth looking into.
Lease vs Buy: INFINITI Financing Options
Buying a car involves taking out a loan to purchase the vehicle. You’ll pay this back in monthly installments. Leasing also comes with monthly payments, but instead of paying back a loan, you’re essentially paying rent for a long period before you have to bring your car back to the dealership. Each option has a ton of benefits, so figuring out which benefits line up with your needs is essential.
Who Leasing Is Best For
People Who Need Short-Term Savings
When you lease a car, you only pay the value of how much it’s likely to depreciate during your lease. That means you need to pay a fraction of what you’d pay when paying back a car loan, leading to lower monthly payments.
People Who Value Convenience
When you lease a car, you don’t need to apply for financing or sell/trade in your vehicle when you’re ready to move on to your next one. You simply sign a lease, drive your car for a few years, and then bring it back to the dealer and lease your next one.
People Who Like Frequent Upgrades
People tend to lease a new car more often than they’d replace a car they owned. This isn’t ideal if you enjoy driving cars with all the latest technology and other upgrades. Leasing cars lets you get a new car with these upgrades more frequently than buying.
Who Buying Is Best For
People Who Value Long-Term Savings
If you have the budget for higher payments but would like to have no payments one day, then buying is a great option for you. After a couple of years, you’ll be able to drive your vehicle without having a car payment to make each month.
People Who Want to Replace Car Parts
When you buy a car, you can do whatever you want with it; repaint, reupholster the seats, get a beefier engine installed, and a lot more. If you’d like to upgrade your car or customize it in any way, then you’ll need to buy a car instead of leasing one.
People Who Drive a Lot
Car leases usually limit the number of miles you can drive during the lease, and you’ll have to pay a fee for each extra mile driven. If you drive a lot, these fees can add up and get expensive. However, when you own a car, you can drive as many miles as you need to.
Our dealership is happy to help you out whether you want to lease or buy your next car. Come to INFINITI of Sarasota in Sarasota, FL, to discuss your options now.
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