Car lease is a great option for people who want to use a car for a certain period of time. This is offered by car dealers as a cheaper alternative to actually buying and owning the actual vehicle. When the lease period expires, you can choose to return the leased vehicle to the dealer or just buy it. Car leasing could prove to be very advantageous, especially if you don’t want to get stuck with the same car for a long time. It is also a great way to drive and use expensive car models without paying for its full price.
An Infiniti lease is a great way to drive an Infiniti without spending so much for it. Infiniti is the luxury division of Nissan Motors, so the prices of its models are expected to be higher than usual. If you want to drive or use one but you don’t want to burn your budget, then you should consider an Infiniti lease.
Buying an Infiniti would require you to pay from $30000 to $60000, depending on the model. The payments made would include a down payment, the sales taxes in cash, and the interest rate that is demanded by those who provided you with the loan. With all these costs, it would be practical if you can stretch the usage of this car for more than five years. Of course at that time, it will already be an old model and not much of the luxury car appeal compared to when it was newly bought.
With an Infiniti lease, you pay for the car’s depreciation value for the time of the lease, plus the finance charges and possible fees. It is a great deal because it lets you drive your dream car without spending so much for it. An Infiniti lease also allows you to be more flexible with your driving options. Say you wanted to drive the Infiniti for just a year, and perhaps use a different car for the next year, an Infiniti lease would fit your needs perfectly.
With an Infiniti lease, you don’t have to buy the car and worry about reselling it when you want another car. If you buy the car full price and you want to sell it after some time, you’re in danger of losing a large amount not just because of the depreciation, but also other people’s hesitance in buying a second hand car. If you are to choose between a new car and a year-old car, with around $5000 difference between them, you would surely choose the new car because it is new and you expect it to perform as a new car.
If you want to drive an Infiniti without paying for the full amount, then an Infiniti lease is the best deal for you.
Drivers love the option of leasing a car because it allows them a more flexible and affordable method of having a car. Retail Infiniti car prices are currently prohibitively high for many drivers, and leasing allows you to drive at a fraction of the cost.
Not only is payment for the car itself easier, leasing keeps down costs at the auto mechanic’s. Leases will terminate before the warranty from the manufacturer, so the dealer will cover any damage incurred by normal driving. This saves you both time and money.
What Does Leasing an Infiniti Car in Involve?
The contract involved in leasing a car is generally more complicated than buying a car. Listed below are a few things you should expect to see or keep in mind before you walk into the dealer.
Your Payments Reflect the Infiniti Car’s Value.
Your monthly payment may seem arbitrary, but it’s based on a few different things, the most important one being the retail price of the car. The lower the price of the car, the lower your monthly payment will be and the more money you will save.
Higher Residual Percent Saves You Money.
Another aspect of your monthly payment is the residual percentage added by the dealer to cover the value lost as your car ages. One way to reduce your monthly payment is to try to negotiate a higher residual percent.
Understand Your Set Miles.
Included in every Infinitic lease is a set amount of miles that you are allowed to drive every month. You will have to pay a certain amount for every mile you drive over this limit. Before you sign an Infiniti lease, determine how many miles you drive per month on average, and ask your dealer what limit the contract stipulates. Also be sure to find out how much you will be charged if you go over.
Expect a Disposition Fee.
Your lease will also require you to pay a disposition fee when you return the car to the dealer at the end of your lease. The sum will likely be somewhere between $300 and $500.
Understand What Money Factor Means.
Many people are stumped by the term money factor. This is just another way of saying ARP. Make sure to go for a low ARP to ensure the highest amount of savings.
Is it Better to Lease or Buy a Car?
If you’ve made it this far, it’s probably safe to say that you’re in the market for a car. Now that you know some general aspects of Infiniti leases, you’ll have to decide whether it’s right for you. Zooomr’s philosophy states that you should know everything you can in order to make an informed decision. Leases are binding agreements, and you don’t want to make this decision lightly. The following are pros and cons of leasing.
You Won’t Own the Car
Though you are paying money for your car much like you would if you purchase it with financing, you do not own it. As such, there are limits to what you can do with it that will be decided in your lease. While Infiniti lease deals offer low monthly payments, you also will not be able to sell or mortgage your leased car.
Leasing Cuts Down Up-Front Costs
If you buy a car new, you will have to put down thousands of dollars in initial payments, and you’ll likely still be paying monthly costs for financing. With leasing, you don’t need to sweat about paying so much at a time. With Infiniti lease deals, you just need to pay for the first month, a security deposit, an acquisition fee, and other taxes and fees. You will also have the option to put down a payment that is affordable for you in order to reduce your monthly payment, but that is completely voluntary.
No Need to Worry About Selling Infiniti Leases
Unlike when you buy a car, when the time comes to get a new one, you won’t need to worry about selling your old one. This means you don’t need to worry about your car’s future resale value and you won’t have to waste time and energy negotiating a sale when the time comes to upgrade. Leasing a car, you will simply need to bring it back to the dealer when your contract is up.
When you buy a car with financing, you own the car outright after your final payment. That is not the case with leasing. After your final payment on your lease, the car does not automatically become yours. You will likely have the option to buy it at a price determined by the dealer, but that is something to negotiate after your contract concludes. If you do not opt to buy the car, you will have to return it to the dealership.
Types of Infiniti Lease Specials We Can Help With