Innovative Flexibility with SignatureFLEX Lease Program
Nissan Motor Acceptance Company (NMAC) and INFINITI Financial Services (IFS) have introduced an exciting enhancement to their SignatureFLEX lease program, aimed at providing customers with increased flexibility. This initiative now extends to drivers holding legacy leases with maturities on or after a specific date. This change allows eligible lessees to purchase additional miles, thereby ensuring a smoother and more convenient leasing experience.
Shifting Driving Patterns and Customer Choices
The modification in leasing options reflects an evolving trend among drivers. Recent data indicates that 10,000-mile leases have overtaken the traditional 12,000-mile leases among customers of Nissan and INFINITI. Furthermore, the demand for ultra-low mileage options, such as 5,000-mile leases, has seen significant growth, having doubled within a two-year timeframe.
SignatureFLEX: A Game Changer for Lessees
Launched in the previous year, the SignatureFLEX program has rapidly gained traction within the leasing community. Customers have successfully purchased over 30 million additional miles through this program, leading to collective savings of approximately $4.5 million in potential overage fees. Incorporating legacy leases into this program means drivers can access substantial savings by purchasing extra mileage at a competitive rate of $0.10 per mile, significantly less than lease-end overage fees that can reach $0.25 per mile.
Maximized Convenience with New Features
Eligible customers can conveniently purchase extra mileage through the NMAC and IFS web portals or mobile applications. In a push for greater customer satisfaction, Nissan and INFINITI have now lifted daily purchase limits, granting clients the ability to acquire any required miles in a single transaction at any time.
Future Connectivity with In-Vehicle Purchases
Beginning in the coming year, vehicles equipped with innovative connected car technology will allow in-vehicle mileage purchases. This enhancement aims to streamline the leasing process by providing automatic and personalized notifications regarding current and estimated lease mileage, ensuring drivers stay informed and can adjust accordingly.
About SignatureFLEX
The SignatureFLEX option is versatile, applicable across all Nissan and INFINITI lease terms and mileage limits, including a unique 5,000-mile lease offering spanning 36 months. This program underscores Nissan Group's commitment to adapting to the varied driving habits and lifestyles of its customers.
Frequently Asked Questions
What is the SignatureFLEX lease program?
The SignatureFLEX lease program is an enhanced leasing option from Nissan and INFINITI, allowing customers to purchase additional mileage and enjoy more flexibility with their leases.
How does the expansion of SignatureFLEX benefit legacy lease holders?
Legacy lease holders can now purchase additional mileage at a discounted rate, providing them with more options and reducing lease-end overage costs.
What trends are influencing leasing choices among Nissan and INFINITI customers?
Customers are increasingly opting for shorter lease mileage options, with a notable shift towards 10,000-mile leases over the traditional 12,000-mile options, and a rise in ultra-low mileage leases.
How much can customers save by using SignatureFLEX?
By using the SignatureFLEX program to purchase additional miles, customers can save significantly compared to lease-end overage penalties, paying only $0.10 per mile instead of up to $0.25.
Will there be any new features in the future for SignatureFLEX users?
Yes, in-vehicle mileage purchases will be available for vehicles equipped with compatible connected car technology starting in the next year, enhancing convenience for drivers.
