Difference Between Infiniti Financing & Leasing: Which One Suits You?
Difference Between Infiniti Financing & Leasing: Which One Suits You?
Posted on February 15, 2024
Welcome to Myers Infiniti's exploration of financing and leasing options for your next vehicle. Here, we'll demystify the nuances of each choice, empowering you to make a more informed decision that fits into your lifestyle and financial goals. Let's delve into what sets Infiniti financing and leasing apart and discover which path is right for you.
Understanding Infiniti Financing
Benefits of Financing
When you finance an Infiniti, you're on the path to ownership. This means that once your loan is paid off, the car is entirely yours. Financing is typically ideal for those who drive significant distances, require vehicle customization, or plan to keep their car for many years. With financing, you're free to sell or trade your vehicle at any time.
When to Consider Financing
You drive extensively, desire customization freedom, and see your car as a long-term investment.
The Appeal of Infiniti Leasing
Benefits of Leasing
Leasing is like renting your Infiniti for a predetermined period. It often comes with decreased monthly payments and the flexibility to switch to a newer Infiniti every few years. Leasing is perfect for those who enjoy staying current with automotive trends and avoid the hassles of selling a used car.
Leasing Advantages
Lower upfront costs, potential tax benefits, and hassle-free vehicle upgrades.
Comparing Costs: Initial and Long-term
Financing Costs
Typically involves a down payment, higher monthly payments than leasing, but leads to ownership and no mileage restrictions.
Leasing Costs
Generally requires a smaller initial outlay and lower monthly payments. However, you may face mileage limits and potential fees for excess wear and tear.
Insurance and Maintenance Considerations
Insurance
Both financing and leasing require comprehensive insurance coverage. However, lease agreements might stipulate additional coverage requirements.
Maintenance
There's no difference in maintenance or operating costs between financing and leasing. Regular care is vital in both scenarios to maintain vehicle value and performance.
Which One Suits You?
Your Lifestyle Matters
Consider your driving habits, financial goals, and how often you like to change cars. If you love the idea of owning a car and driving it for years, financing could be your best bet. On the other hand, if you prefer decreased monthly payments and driving a new Infiniti every few years, leasing might be more suitable.
Myers Infiniti's Expert Guidance
Unsure which option to choose? Our team at Myers Infiniti in Ottawa is here to help. We'll guide you through each option, considering your unique circumstances, to find the best fit for you.
Apply For Finance Or Leasing!
Ready to take the next step towards your Infiniti journey? Whether you're leaning towards financing or leasing, our team at Myers Infiniti is committed to providing you with a tailored experience that meets your needs. Visit our Finance Centre on Hunt Club road today and join the ever-expanding Infiniti family.
*All pricing is based on Ontario MSRP and does not include taxes and fees. Dealer pricing may differ. Prices are subject to change anytime without notice.