Nissan Motor Acceptance Company (NMAC) and INFINITI Financial Services (IFS) said today the SignatureFLEX lease program will expand to include drivers with legacy leases maturing on 1 Feb 2025 or after.
“SignatureFLEX is an innovative lease program that puts customers first by offering them the flexibility to manage mileage needs while avoiding lease-end overage penalties,” said Jim DeTrude, vice president, NMAC Sales & Marketing. “By including legacy leases in the program, we’re enabling a more customized lease experience to better fit their lifestyles while reducing unexpected costs.”
The expansion is said to reflect a continued shift in driving patterns, with 10,000-mile leases now surpassing 12,000-mile options as the most popular choice with Nissan and INFINITI lease customers. Demand for ultra-low 5000-mile leases is also rising, doubling over the past two years.
Since launching in October 2022, SignatureFLEX customers at both brands have purchased more than 30 million additional miles through the program, collectively saving $4.5 million in overage fees. The new access for legacy offers savings because additional miles are priced at $0.10 per mile compared to lease-end overage penalties of up to $0.25 per mile.
Eligible customers can purchase additional mileage through the NMAC and IFS web portals or mobile apps. The daily maximum purchase amounts have been removed, which gives customers the flexibility to purchase as many miles as they need in one transaction, whenever they need to.
Starting in 2025, vehicles equipped with compatible connected car technology will also enable in-vehicle mileage purchases. This will provide drivers with automatic, personalized notifications about their current and projected lease mileage.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Used Vehicle Mileage Fees – Nissan Expands Flexible Leases
Nissan Motor Acceptance Company (NMAC) and INFINITI Financial Services (IFS) said today the SignatureFLEX lease program will expand to include drivers with legacy leases maturing on 1 Feb 2025 or after.
“SignatureFLEX is an innovative lease program that puts customers first by offering them the flexibility to manage mileage needs while avoiding lease-end overage penalties,” said Jim DeTrude, vice president, NMAC Sales & Marketing. “By including legacy leases in the program, we’re enabling a more customized lease experience to better fit their lifestyles while reducing unexpected costs.”
The expansion is said to reflect a continued shift in driving patterns, with 10,000-mile leases now surpassing 12,000-mile options as the most popular choice with Nissan and INFINITI lease customers. Demand for ultra-low 5000-mile leases is also rising, doubling over the past two years.
Since launching in October 2022, SignatureFLEX customers at both brands have purchased more than 30 million additional miles through the program, collectively saving $4.5 million in overage fees. The new access for legacy offers savings because additional miles are priced at $0.10 per mile compared to lease-end overage penalties of up to $0.25 per mile.
Eligible customers can purchase additional mileage through the NMAC and IFS web portals or mobile apps. The daily maximum purchase amounts have been removed, which gives customers the flexibility to purchase as many miles as they need in one transaction, whenever they need to.
Starting in 2025, vehicles equipped with compatible connected car technology will also enable in-vehicle mileage purchases. This will provide drivers with automatic, personalized notifications about their current and projected lease mileage.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.