Does INFINITI Lease Used Cars?

At Herrin-Gear INFINITI, we are proud to offer various services that get our customers into the car of their dreams. You have the option to buy a new or used INFINITI model with financing packages that fit your budget. However, purchasing a new car outright isn’t always the best option for some. That’s why leasing an INFINITI can also be a good option. We have all the information you need about what it means to lease an INFINITI.

What Is a Leased Car?

“INFINITI Logo” by Brett Levin is licensed with CC BY 2.0

When you sign a lease agreement for a car, you rent the vehicle and typically pay it off in monthly installments. This means you pay a rental fee and can keep the car until your lease agreement is terminated. Most lease agreements have time limits, like six months or a year. During your lease agreement, you may drive the car as much as you want and are responsible for keeping it clean. You then bring the car back to the dealership to return it at the end of your lease.

Depending on your lease agreement, you can determine how long you have the car and what mileage you may put on the car. Once you return the car, you are no longer responsible for it and can upgrade to a newer model or purchase a different car, depending on your needs.

Leasing a Used INFINITI

Sometimes, used cars that have been certified by INFINITI are selected to join a dealership’s fleet of leased cars. A leased car is likely to have higher mileage than a new model would. Unlike a used car, it may have had various drivers, depending on the length of your lease. If you decide to buy a leased car, it has probably been leased out before your purchase. And if you decide to lease a car, it is likely that someone has already leased it before your agreement.

However, we maintain our leased cars to a higher standard than a typical owner. We inspect cars when they are returned to ensure they are in excellent condition before leasing them out again. They are also typically newer models, with mileage limits on their leases, so they don’t wrack up large mileage or risk the degradation of the machine parts. If you are interested in leasing a used car, you can reach out to our finance center to learn more about what cars are available to lease.

Benefits of Leasing an INIFINITI

There are plenty of benefits to leasing a car. For instance, people who need regular transportation but don’t believe that buying a car fits into their current lifestyle may want to lease a car.

Leasing a car can also be a cheaper option in the short term. If you are looking for a vehicle for a short while and don’t want to invest in one long-term, you can lease a vehicle and have a comfortable and convenient car in your possession. If you have a year-long contract in a city or are testing out a vehicle before you buy one, you can lease without guilt or commitment.

Leasing a car may be a good decision for someone who wants to upgrade their vehicle consistently. This can be a pricier option as, over time, the loan people take out to buy a car shrinks and is eventually paid off, whereas a lease ends and the monthly installments don’t end. However, if you want the privilege of having the newest INFINITI, you can lease without committing to a specific model and consistently upgrade your ride whenever you want.

You can lease a car for cheaper than paying off an auto loan. This is because many leases have lower monthly payments than an auto loan. Having extra money in the bank each month is important to many people, so leasing is a great alternative if you are looking for a way to access a vehicle for cheaper than owning one. Additionally, maintenance costs are covered under many leases, so you don’t have to worry about getting oil changes or having your tire pressure checked. Not getting these maintenance tests can make a big difference in your budget.

A used leased vehicle is also likely to have a lower rate than a new model because it will probably have a higher mileage on it and be less in demand than a new model. So leasing a used vehicle can be another way to save some money on your car costs.

Buying Your Leased INFINITI

In addition to leasing a used car, you can also buy the INFINITI you are currently leasing. If you’ve leased the car, driven it, and determined that you love the features and the feel of the ride, you may decide to buy it. If you intend to keep the INFINITI for a long time, buying your leased vehicle can ensure you are still getting your money’s worth. However, if you don’t intend to upgrade, paying an auto loan off may be cheaper than paying the same fixed lease rate for years.

A lease buyout is largely reliant on the terms of your lease agreement, so reach out to the representatives at our finance center to find out if there’s any reason you may not be able to buy your leased INFINITI. Buying out a leased car means you take on an auto loan for the vehicle after you’ve completed your lease agreement. Once approved for the loan, you entered into a buyer’s agreement, meaning you pay your monthly fee to the lender, not the dealership. The money you spent leasing your vehicle may not be applied to the auto loan.

Understanding how used cars and leases work can help you find an INFINITI that meets your needs. If you have any questions about how to lease a car or what kind of cars we have available at Herrin-Gear INFINITI, contact us and we can answer your questions. You can also stop by our dealership and take anything in our inventory for a ride before you sign a lease or purchase a car.