Nissan and INFINITI Expand SignatureFLEX Lease Program
Nissan Motor Acceptance Company (NMAC) and INFINITI Financial Services (IFS) have recently announced the expansion of their innovative SignatureFLEX lease program. This expansion aims to provide flexibility and convenience to lessees with eligible leases maturing on or after February 1, 2025.
What is the SignatureFLEX Lease Program?
The SignatureFLEX lease program is an innovative offering from NMAC and IFS that allows lessees to purchase additional miles before the end of their lease term. This flexibility is an unprecedented move in the automotive industry and is designed to cater to the evolving needs of modern-day drivers.
Impact on Individual Drivers
For individual drivers, this expansion means that they can now purchase additional miles for their Nissan or INFINITI vehicles up to 30 days before the end of their lease term. This added flexibility can be particularly beneficial for those who need to travel extensively for work or personal reasons during the last stages of their lease.
Impact on the Automotive Industry
The expansion of the SignatureFLEX lease program is indicative of a larger trend in the automotive industry towards providing more flexible lease options. With the rise of remote work and the increasing popularity of electric vehicles, the need for more flexible lease terms has become more apparent. This trend is expected to continue as consumers seek more control over their transportation options.
Additional Insights
According to a report by Experian Automotive, the average length of a lease term in the United States is 31 months. With the expansion of the SignatureFLEX program, lessees will now have the ability to purchase additional miles and potentially extend their lease term beyond the standard 31 months. This could lead to increased revenue for NMAC and IFS, as lessees may opt to keep their vehicles for longer periods.
Conclusion
The expansion of the SignatureFLEX lease program by NMAC and IFS represents a significant shift in the automotive industry towards more flexible lease options. This trend is expected to continue as consumers seek more control over their transportation choices. For individual drivers, this expansion means added convenience and flexibility, allowing them to purchase additional miles before the end of their lease term. For the automotive industry, this could lead to increased revenue and a more competitive marketplace.
- NMAC and IFS expand SignatureFLEX lease program
- Eligible lessees can purchase additional miles up to 30 days before lease end
- Trend towards more flexible lease options in the automotive industry
- Individual drivers benefit from added convenience and flexibility
- Automotive industry may see increased revenue from longer lease terms
