Should I Buy or Lease?

Woman receiving keys

Looking to upgrade your Jackson drives with a new vehicle like the INFINITI Q50? Many drivers face the same conundrum about car financing: to lease vs. buying. There are advantages to each approach, so the finance center at Herrin-Gear INFINITI has provided a guide to the question, “Should I buy or lease?” where to lease a car, and more below.

Lease vs. Buying: The Pros of Leasing

When you lease a car from a Madison dealership, you aren’t paying to own but rather signing a contract to keep and maintain the car for a specified amount of time. This has many perks, like: 

  • More likely to get approved: if you are afraid that your credit score is standing between you and a car, the approval rate for leases is much higher than that for car loans. 
  • Lower Down Payment/Monthly Payment: The dealer’s position is more secure when leasing, so you won’t have to pay as much monthly. You can even find a lease for less than $400 a month.
  • More Vehicle Choices: Because of the lower payments, you aren’t as limited in your budget as you would be buying a car. If you want to take advantage of the latest technology and safety features in modern cars, leasing is a solid option. 
  • Trading-In: Want the latest vehicles? With leasing, the process of trading in one vehicle for another is simplified. Just pay the remaining fees and find your new lease vehicle! 
  • Warranty Coverage: Dealers set a mileage limit when you lease, but as long as you don’t go over it, they will help keep your car in great shape with exceptional warranties. 

If you want to know where to lease a car, you can research dealerships with lease specials online! 

Lease vs. Buying: Pros of Buying 

Buying a car in Brandon comes with a whole other set of unique benefits. 

  • Full Ownership: Leasing can lower your payments but it comes with a set of restrictions about mileage and alterations. Full ownership means your car is yours – you can modify it and drive it as you see fit! 
  • Financing Flexibility: Even if you’re worried about your credit, many in-house financing car dealerships can help you and even allow you to securely apply online. Re-financing is also a great tool car-owners have for lowering their monthly payments. 
  • Selling: You can only return a leased car but selling or trading in your own vehicle is a great way to make some of your money back.
  • More Savings Over Time: The down payment and initial monthly payments for car-buying are higher than the ones for car-leasing, but overall you’ll be saving money by keeping up with and lowering your regular payments when you buy.   

Learn More about Car Financing with Herrin-Gear INFINITI ! 

Want to know where to lease a car or where to buy an SUV? At Herrin-Gear INFINITI, we are proud to help drivers from Madison to Jackson with helpful car buying tips so they can make an informed decision. Our special offers are designed with both leasing and buying in mind! Please contact us today if you’re still asking yourself, “Should I buy or lease?” – we would love to help you out!

More from Herrin-Gear INFINITI

  • How Much is an INFINITI Q50?

    Are you searching for a head-turning luxury sedan? Consider the 2020 INFINITI Q50 at Herrin-Gear INFINITI near Flowood. If you’ve already had your eyes on this sedan, you’re probably already wondering about the INFINITI Q50 price. The Q50 price is affordable for vehicles in its class and offers incredible features and performance capabilities. Herrin-Gear INFINITI will walk…

  • 2020 INFINITI QX80 Towing Capacity

    When you buy a 2020 INFINITI QX80 with seating for seven, you’re buying the perfect vacation vehicle for trips from Madison down to the Gulf with your boat, or driving from Brandon to camp in Natchez State Park. Not only will your INFINITI have enough room for all your passengers, but it’s also made to…

  • INFINITI QX60 Price

    The new INFINITI QX60 price varies based on which configuration you choose. The INFINITI experts at Herrin-Gear INFINITI created a guide to the 2020 INFINITI QX60 MSRP and the standard and available features at each trim level. Enjoy a hassle-free experience at our Jackson dealership as we help you find the QX60 trim level best-suited for…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us

1685 High St • Jackson, MS 39202

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7:30am-5:30pm

Open Today! Parts: 7:30am-5:30pm

Herrin-Gear INFINITI 32.300509, -90.1648828.