Leasing an Infiniti offers the opportunity to experience a high-end vehicle without committing to ownership. Knowing the leasing process and key details will ensure you get the best deal. Let’s explore the top tips for leasing an Infiniti in Winston-Salem.
Leasing Basics: What You Need to Know
Leasing is a commitment to drive a car for a set period (often 24 to 36 months) and within a specified mileage limit. After the lease ends, you have several options, including returning the car, renewing the lease, or purchasing it. Be sure to review the terms thoroughly, paying attention to early termination fees and any excess wear-and-tear clauses.
Key Differences Between Leasing and Financing
The main difference between leasing and financing is ownership. With leasing, you pay for the car’s depreciation rather than the full price, resulting in lower monthly payments. However, you won’t build equity. Leasing is ideal if you like to drive a new car regularly and enjoy lower monthly payments.
Avoid These Common Leasing Pitfalls
Some common mistakes when leasing include not understanding the mileage limits, overlooking additional fees, or failing to negotiate terms. Exceeding your mileage allowance can result in costly penalties, so choose a limit that aligns with your driving habits. Also, be wary of unnecessary add-ons that may inflate your monthly payments without adding significant value.
Key Leasing Terms: 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.
Tips for Securing the Best Infiniti Lease Deal
To get the best lease deal, start by researching current offers and promotions. Check your credit score, as a higher score often qualifies you for better rates. Negotiate terms like mileage limits and down payments, and consider timing your lease to coincide with dealership specials. At Modern Infiniti of Winston-Salem, we’re here to help you navigate the process and find the perfect lease for your needs.
Let Us Help You with Your Infiniti Lease in Winston-Salem
Leasing an Infiniti doesn’t have to be complicated. Our team at Modern Infiniti of Winston-Salem is here to guide you throughout the process, ensuring you get the best deal. Visit us today to discover our current lease specials and receive expert leasing advice.
