INFINITI SignatureFLEX: Can You Extend a Car Lease?

Can you extend a car lease? The INFINITI SignatureFLEX Program allows Providence area drivers like you to add mileage and extend your INFINITI lease. INFINITI SignatureFLEX is especially convenient if you are nearing the end of your lease term or are approaching your current mileage limit. Learn more about how to extend your INFINITI lease and explore the pros and cons of extending a car lease in this guide from the finance team at INFINITI of Warwick.

What is a Flex Lease?

The INFINITI SignatureFLEX Program offers convenient flex lease options. What is a flex lease? A flex lease is a standard lease that includes an option to modify the lease by either lengthening the lease term overall or adding miles to avoid a plenty charge for exceeding the lease mileage limit.

What is a flex lease under the INFINITISignatureFLEX program? Here are the details:

• INFINITI SignatureFLEX is available on all new leases and on all 2022 or newer INFINITI vehicles and lease terms, including the 5,000-mile/36-month leasing option.
• At any time during the lease term, lessees can conveniently extend their INFINITI lease by purchasing additional mileage through the INFINITI Financial Services (IFS) web portal or mobile app.
• All new leases that start on or after March 1, 2023 will have the option to purchase miles during their lease at just $0.10/mile.
• INFINITI vehicles with compatible INFINITI InTouch™ Services technology will provide automatic, personalized notifications to drivers about their current and project lease mileage.

Pros and Cons of Extending a Car Lease

Leasing a car gives you the flexibility to drive a brand new vehicle every few years. Depending on the lease terms, you may have the option to buy out the lease and take possession of the vehicle. At the end of the lease you can return the car, purchase the vehicle, or upgrade with a new leased vehicle. If you wish to extend your INFINITI lease, the SignatureFLEX program offers an easy, hassle-free way to do so. Here are some of the basic pros and cons of extending a car lease:

Extending a Car Lease: Pros

• You may be able to add miles to avoid fees for exceeding the mileage limit.
• You will have additional time to decide which new car, truck, or SUV you want to lease or finance next.
• You can take advantage of any new incentives or lease deals later in the year.
• You will have extra time to save for a down payment on a new vehicle lease or purchase, while exploring the benefits of leasing vs. financing to determine which is best for you.

Extending a Car Lease: Cons

• You might need to pay extension fees.
• Some lenders will not reset the residual value of the car, so if you decide to buy the vehicle eventually, you won’t be getting as good of a deal later. You’ll also be wasting money making the additional lease payments.
• Some lenders won’t add an additional mileage allowance with an extension, so you may have to pay fees.
• The vehicle warranty may expire through the extension period, so you will have to pay out of pocket for any repairs.

Learn More About INFINITI SignatureFLEX at INFINITI of Warwick

Do you have further questions about the INFINITI SignatureFLEX Program? Contact us to learn more, or better yet, stop by our Warwick dealership and sit down with one of our finance experts to explore your lease options today. Meanwhile, make sure to take a look at our current INFINITI offers and incentives to take advantage of some of the best deals in the Coventry and Cranston area.