Leasing an Infiniti is an excellent way to enjoy the luxury and performance of this premium brand without the long-term commitment of ownership. However, understanding the leasing process and key factors can save you money and hassle. Let’s dive into the essential leasing tips you need to know before driving off in your dream Infiniti in Winston-Salem.
The Leasing Process: Key Terms and Conditions
A lease agreement generally lasts between 24 to 36 months, with a set mileage limit, and in return, you make monthly payments. At the lease’s conclusion, you can return the car, purchase it, or sometimes extend the lease. It’s crucial to understand the terms, especially regarding excess mileage or wear-and-tear penalties.
Leasing vs. Buying: Key Differences You Should Know
Leasing versus financing: The biggest difference is ownership. When you lease, you pay for the depreciation over the lease term, which typically means lower payments. However, you don't own the car. Leasing works well if you like new cars or prefer lower monthly payments.
Common Leasing Pitfalls and How to Avoid Them
One of the most common leasing mistakes is failing to understand your mileage limits. Exceeding them can result in expensive penalties. Be sure to negotiate a reasonable mileage limit based on your driving habits. Additionally, watch out for unnecessary add-ons that can increase your monthly payments without offering substantial value.
What You Need to Know About Residual Value and Mileage Limits
Residual value is the car’s estimated value at the end of the lease, and a higher residual value means lower payments. Mileage limits are also crucial; standard leases allow 10,000 to 15,000 miles per year, but you can often negotiate a higher limit. Keep in mind, exceeding these limits can lead to extra charges.
How to Get the Best Infiniti Lease Deal
Start by researching current lease deals and promotions to find the best offers. A higher credit score typically leads to better rates, so check your score beforehand. Negotiate terms like down payments and mileage limits. Timing your lease to coincide with promotions can also help you secure a great deal. At Modern Infiniti of Winston-Salem, we’ll help you find the right lease deal.
Get Expert Leasing Advice at Modern Infiniti of Winston-Salem
Leasing your dream Infiniti is easy with the right advice. At Modern Infiniti of Winston-Salem, our experts are here to make your leasing experience smooth and hassle-free. Visit us today to explore our amazing lease deals and get expert help on finding the perfect Infiniti lease.
