2019 QX50 Luxury

Should You Lease or Purchase Your New INFINITI?

You’ve decided it’s time for a new INFINITI vehicle but you aren’t sure if you should lease or purchase it.

INFINITI of Birmingham understands the decision can be tough if you don’t know the differences between the two. When you buy a new car you pay for the entire cost of the vehicle. When you lease a new vehicle you only pay a portion of the vehicle’s cost keeping your payments lower.

Whether you are coming from Hoover, Mountain Brook or Vestavia Hills, our team at INFINITI of Birmingham will help you find a vehicle to meet your needs.

Who Own's It?

Buying

Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.

Who Owns it?

Leasing

When you lease the finance institution that you leased it through actually owns the vehicle. You're only paying for the use of the vehicle. This is why you pay less per month in a lease than if you were to buy the car.


Up-Front Costs?

If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.

Up-Front Costs?

Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.


Future Value?

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

Future Value?

In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.


End of Payments?

Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

End of Payments?

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.

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(205) 403-5221

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1804 Montgomery Hwy • Hoover, AL 35244

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Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

INFINITI of Birmingham

1804 Montgomery Hwy Hoover, AL

Phone: (205) 403-5221

http://maps.google.com/?q=1804%20Montgomery%20Hwy%2C%20Hoover%2C%20AL%2035244

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Phone: (205) 403-5221

1804 Montgomery Hwy Hoover, AL
33.3753392 -86.8035397
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INFINITI of Birmingham
INFINITI of Birmingham
1804 Montgomery Hwy
Hoover, AL, 35244 US
(205) 403-5221
https://di-uploads-development.dealerinspire.com/infinitiofbirmingham/uploads/2018/08/InfinitiofBirminghamOGImage.png
INFINITI of Birmingham 33.3753392, -86.8035397.