Leasing vs. Financing an Infiniti: Drive Away Happy with the Right Choice at Morrey Infiniti of Burnaby

Welcome to Morrey Infiniti of Burnaby! We understand that choosing between leasing and financing an Infiniti can be a difficult decision. We're here to help! This guide will explore the pros and cons of each option, empowering you to make an informed decision that aligns perfectly with your driving needs and financial goals.

Leasing an Infiniti:

• Advantages:
  • Lower Monthly Payments: Generally, lease payments are lower than finance payments for the same Infiniti model. This can free up your budget for other expenses.
  • Always Drive a New Car: Leasing allows you to upgrade to the latest Infiniti model every few years, enjoying the newest features and technology.
  • Simplified Maintenance: Many leases cover scheduled maintenance during the lease term, saving you money on routine service costs.
• Disadvantages:
  • Mileage Restrictions: Leases typically come with mileage limitations. Exceeding these limits can incur fees.
  • Ownership: At the end of the lease, you won't own the car. You'll have the option to purchase it at the residual value, but it might be more than the market value.

Financing an Infiniti:

• Advantages:
  • Ownership: When you finance, you own the Infiniti after you've paid off the loan. You can customize it, sell it privately, or trade it in for a new car later.
  • No Mileage Restrictions: You can drive as much as you want without worrying about excess mileage fees.
  • Potential for Equity: As you make payments, you build equity in the car. This can be helpful if you need to sell it down the road.
• Disadvantages:
  • Higher Monthly Payments: Finance payments are typically higher than lease payments for the same car.
  • Maintenance Costs: You'll be responsible for all maintenance and repairs during your ownership.
  • Depreciation: Infinitis, like most cars, depreciate in value over time. This means you might owe more on the loan than the car's worth at certain points during the financing period.

The Right Choice for You:

Consider these factors when making your decision:

• Budget: Do you prioritize lower monthly payments (leasing) or are you comfortable with a higher payment to own the car (financing)?
• Driving Habits: Do you drive a lot of miles per year? If so, leasing might not be the best option due to mileage restrictions.
• Desire to Own: Do you want to eventually own the car, or do you prefer to drive a new car every few years?

Our Expert Advice:

The friendly and knowledgeable staff at Morrey Infiniti of Burnaby are here to answer your questions and guide you towards the leasing or financing option that best suits your needs. We can also help you explore various Infiniti models and financing plans to find the perfect fit.

Visit us today or contact Morrey Infiniti of Burnaby for a personalized consultation and test drive your dream Infiniti!

Additional Tips:

• Down Payment: A larger down payment can significantly reduce your monthly payments for both leasing and financing.
• Interest Rates: Shop around for the best interest rates on your loan or lease.
• Read the Fine Print: Before finalizing your lease or loan agreement, make sure you understand all the terms and conditions.

We hope this guide helps you make an informed decision!