Looking to lease an Infiniti in Winston-Salem? Before you sign on the dotted line, it's important to know the ins and outs of leasing to ensure you get the best deal. Let’s explore some tips that will make the leasing process smoother and more affordable.
Understanding Leasing Terms and Conditions
In a typical lease, you agree to use a vehicle for a set term (usually 24 to 36 months) and within a certain mileage limit, paying monthly installments. Afterward, you can either return the car, purchase it, or renew the lease. Be sure to fully understand any fees or restrictions before signing.
Key Differences Between Leasing and Financing
Leasing and financing differ mainly in ownership. With a lease, you’re paying for depreciation, leading to lower monthly payments. However, unlike financing, you don’t gain ownership or build equity. Leasing is often best for those who want a new car every few years or prefer lower payments.
Avoid These Common Leasing Pitfalls
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.
How Residual Value and Mileage Limits Affect Your Lease
The residual value of a leased car is its estimated value at the lease's end. A higher residual value can lower your monthly payments. Mileage limits usually range from 10,000 to 15,000 miles per year, though you can negotiate for a higher limit if needed. Remember, going over the limit could incur extra fees.
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.
Visit Us for Expert Leasing Advice
At Modern Infiniti of Winston-Salem, we’re ready to help you every step of the way when leasing your Infiniti. Our experts are here to make the process seamless and easy. Visit us today to check out our lease specials and receive professional leasing guidance.
