Infiniti in Washington Helps You Decide Whether to Lease or Buy
When you're thinking about getting a preowned or new Infiniti
, you'll have to decide whether it is better to lease or buy. While no answer will work for every situation, Washington Infiniti has the following tips for deciding whether you should lease or buy:Short Term
A short term lease will always cost you less than buying the same car at the same price with the same down payment. Your lease payment will always be between 30 and 60% lower than your car loan, even if you are approved for a 0% interest car loan.
Medium Term
When comparing leasing and buying for a medium term, leasing and buying an Infiniti will cost about the same, as long as the buyer sells their car at the end of the loan.
Long Term
Leasing a car for a long period of time will almost always cost more than buying the same car, assuming the buyer keeps the car after the loan is paid off. When you keep your car for years after it's been paid in full, then the cost of the car can actually be spread out over many more years, making it less expensive than leasing four different cars over the same time period.
How to Choose
If you prefer to drive a new car every two to three years, leasing may be the best option. It allows for lower monthly payments, higher safety features and a car that's always under warranty coverage but it also means you end up paying more over time since you never have a car without a payment. If you prefer to keep the same car for years after the loan has been paid off, and want to save money over the long haul buying an Infiniti is the better option.
Infiniti in Washington Helps You Decide Whether to Lease or Buy
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