INFINITI

INFINITI of Mission Viejo

28471 Marguerite Pkwy
Directions Mission Viejo, CA 92692

  • Sales: 855-410-3445

Buying vs Leasing: Pros & Cons

One of the biggest decisions a person has to make in life can be getting a vehicle. The fact that you rely on your car or SUV to get you to work each day, means that you have to find one that fits your specific needs. But at INFINITI of Mission Viejo, we know that it goes beyond what vehicle you drive. It's also important to get financing that makes sense for your situation. Many car shoppers are curious about the differences between buying and leasing a new INFINITI, which is why we wanted to list the benefits and drawbacks for each. This way, you can figure out which one makes sense for you.

Buying

Pros

  • You own the car
  • No limits on how much you can drive
  • You can modify your vehicle as you see fit
  • Keep the vehicle as long as you want
  • Ability to trade it in
  • Gain equity

Cons

  • Requires substantial down payment
  • Loses resale value quickly
  • Higher payments than leasing
  • Interest on monthly payments can add up
  • Must pay for any repairs after warranty expires
  • Potential for negative equity 

Leasing

Pros

  • Low down payment
  • Lower monthly payments
  • Short limits allow you to switch cars frequently
  • Car is covered under warranty for repairs
  • Once term is up, just hand the car in


Cons

  • Extra fees if you exceed mileage restrictions
  • Have to maintain quality of new vehicle
  • Can't modify the vehicle
  • No potential for building equity
  • Can be tough to lease with a poor credit score

As you can see, there is no clear-cut option. It comes down to what you need your vehicle for. You may want to lease an INFINITI from our Mission Viejo dealership if you enjoy having the latest technology and don't plan on putting a lot of hard miles on your vehicle. Think of leasing like a long-term rental because you generally lease it for about three years and have to keep it in great shape, but don't have to worry about large upfront costs or trading it in at the end of the term.

But if you enjoy having the freedom to do what you want with your vehicle, then you may want to consider buying a car at INFINITI of Mission Viejo. Having equity in something like a vehicle can help out your credit score for other purchases and owning a car allows you to do whatever you want with it. You can always visit our Orange County dealership to learn more about the great models we have in stock and so our finance experts can over the benefits of buying vs. leasing with you in person. To get started, give INFINITI of Mission Viejo a call today at (855) 410-3402.

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