Lease or Finance

FINANCING VS. LEASING MADE EASY AT GUELPH INFINITI

Our goal is always to exceed your expectations. This is true in all our departments, including our finance department where we want to do more than just offer you financing and leasing plans. We prefer an approach that is personalized to each customer and that is why we take the time to get to know you well.

When deciding between leasing and financing a vehicle, it's important to understand the differences and benefits of each option.

Leasing a Vehicle

Leasing a vehicle means you're essentially renting it for a predetermined period under specific terms and conditions. You're paying for the privilege of driving the vehicle without the long-term commitment of ownership. Leasing typically offers lower monthly payments compared to financing, and it allows you to drive a new vehicle every few years. This option is ideal if you like staying up-to-date with the latest technology and safety features without the hassle of reselling your vehicle when it's time to upgrade.

Financing a Vehicle

When you finance a vehicle, you are buying it and will own it outright once the loan is paid off. Ownership gives you complete freedom to customize the vehicle as you wish, drive as much as you want, and maintain or repair it according to your preferences. Financing allows you to build equity in your vehicle, meaning you can sell or trade it in at any time, using the proceeds to help pay off your loan or put towards a new vehicle. You can also opt for a longer financing term to lower your monthly payments.

Benefits of Financing

• Ownership: You fully own the vehicle once the loan is paid off.
• No Restrictions: There are no limits on mileage, customization, or how you maintain the vehicle.
• Equity: You can sell or trade in the vehicle at any time, and any equity can be used toward a new purchase.
• Flexible Financing Terms: Longer loan terms are available to reduce monthly payments.

Benefits of Leasing

• Lower Monthly Payments: Lease payments are typically lower than financing payments for the same vehicle.
• Drive Newer Models: Leasing allows you to drive a new car every few years, keeping you in touch with the latest advancements.
• No Resale Hassles: At the end of the lease term, you simply return the vehicle, avoiding the hassle of selling or trading in a used car.

Whether you choose to lease or finance depends on your financial situation, driving habits, and personal preferences.

Once we know your needs a little better, we can better advise you. This means that we can help you make more difficult decisions, such as choosing between financing and leasing. We can explain the differences between the two types of purchases, and help you choose the right option for you based on the use of the vehicle, the number of years you want to keep your vehicle, and several other determining factors. Visit us today to find out more!