When it’s time to start looking around the Tacoma area for a new INFINITI vehicle, you often find yourself searching the difference between lease and finance. When car buyers visit our Fife showroom, they often ask, “should I buy or lease?” The answer is finding out what will work best for your financial situation. There are benefits to buying and leasing, but consider your needs, what you can afford, and what you want in your next vehicle. INFINITI of Tacoma at Fife is taking a look at the benefits that come along with financing and leasing, so you understand more about the difference between lease and finance.
Benefits of Buying
No Mileage Restrictions: If you do a lot of driving inside outside of the Federal Way area, it may be best to purchase a INFINITI vehicle. Without the mileage limits you get on a lease, you are able to drive as much as you want.
Total Ownership: You own the vehicle, so you can do whatever you want. There are no restrictions on how it’s modified, decorated, etc.
Customization: Buying rather than leasing allows you to make cosmetic and mechanical changes as you see fit. Create the car of your dreams without restriction, and make your vehicle stand out on the Puyallup roads.
Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.
Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward and open to car buyers without perfect or excellent credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
Less Cost Over Time: Even though buying a new car is more expensive at first, it is less troublesome in the long run terms of cost over time as you work toward paying off your auto loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.
Benefits of Leasing
Lower Payments: Whether it’s monthly lease payments or down payments, when leasing a car, those costs are lower than buying.
Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
Trade-Ins: When your lease term is over, the process of returning the vehicle and getting your next leased car is simple. Visit INFINITI of Tacoma at Fife, pay any remaining fees, and drive away in your next vehicle of choice.
Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as any issue that pops up under your warranty, as long as you don’t go over the mileage limit, is covered.
Options: Leasing allows you to stay in the newest models with the most up-to-date tech every time you lease a new vehicle. You’ll have tons of options and will be able to find the perfect model and features for you.
High Approval Rate: While you may be denied for a car loan, auto leases are easier to get approved for, even if you have poor or no credit.
Explore Leasing and Financing Options at INFINITI of Tacoma at Fife