Buying vs Leasing a new INFINITI | Dayton, OH

Dayton, OH residents who have their eye on a new INFINITI vehicle may be wondering if they ought to buy or lease it. There are pros and cons to both approaches, and the right answer will not be the same for everyone. This article is going to take a look at the differences between leasing and buying a new vehicle. This will help you decide which option is the best one for you and your family.

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Leasing a Vehicle: Pros and Cons

When you lease a vehicle you sign a contract to pay a relatively small amount, monthly, in exchange for using the car. You are not purchasing it, but instead effectively rent the vehicle. This means that, for a low price, Xenia residents can drive brand-new vehicles with cutting-edge technology. At the end of your lease term, however, you won't actually own the vehicle.

The Pros:

• Your monthly payment when leasing a car will be lower than the payment for buying a new car
• Middletown residents can enjoy brand-new safety features on brand-new leased vehicles
• Leases generally do not require a down payment
• Since you're leasing a brand-new vehicle, it's unlikely to encounter major maintenance issues during your lease term

The Cons:

• You do not own the vehicle at the end of the lease period
• There is usually a mileage cap in your lease agreement; you'll have to pay an additional fee if you exceed it

Buying a New Car: Pros and Cons

Most Dayton drivers are more familiar with the process of buying a car than of leasing one. Generally, you either pay up-front in cash for a vehicle - an expensive proposition - or you work with the dealership or an outside financial institution to secure a loan. Here at Evans INFINITI of Dayton we have a great finance team who can help you get the best rate possible on a new car, whatever your credit. Once you have secured financing, you make monthly payments until you have completely purchased the vehicle.

The Pros:

• At the end of the process, you own the vehicle and can re-sell it or trade it in if you see fit
• You don't have to worry about a mileage cap, or about returning the vehicle in the future

The Cons:

• Your monthly payment will be higher than if you lease a car
• In many cases a down payment will be required in order to purchase the vehicle, which might be expensive

Buying vs Leasing a new INFINITI: Conclusion

There are pros and cons to both approaches. Many drivers want to own their vehicle at the end of the day. Some drivers with an eye for luxury and convenience, however, may prefer leasing. You always drive a brand-new model, and are unlikely to encounter major maintenance issues as you're driving the car fresh from the factory. Plus, your monthly payment is less than that of someone purchasing a car.

At Evans INFINITI of Dayton, Your Experience is Our Priority. Our finance team will work closely with you to figure out if leasing or buying is a better option for you and your family. Either way, you'll be pleased when you leave our Dayton, OH dealership in a brand-new INFINITI luxury vehicle.

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