Is it Better to Buy or Lease?

 

Do you want one of our new Nissan models? If you’ve made the decision to get a new vehicle, you still have one more choice to make: now, it’s time for you to choose between buying and leasing a car.

Deciding whether you want to buy or lease an automobile can be difficult, but it’s not an impossible choice to make. The key to making the choice easier is to examine a few things as they relate to you, beginning with the relationship you want to have with your car.

Will you view your car as a long-term investment or as something you want to replace every few years? If you want to invest in a capital asset you’re free to sell whenever you want, you’ll want to purchase an automobile. If you want to have a new car with the latest features every few years, then you may want to lease instead.

The next thing you need to consider is your driving habits. When you lease an automobile, you’ll have to abide by certain restrictions, such as a limit on the number of miles you drive every year and the way you maintain your automobile. If you drive more than average annually and the vehicles you’ve had in the past have been exposed to excessive wear and tear, you’ll probably want to buy your next automobile rather than leasing it.

Your payments are another thing you’ll want to think about. If you have a small down payment and you want to keep your monthly payments as low as possible, leasing is likely your best bet because buying a car usually requires a larger down payment and higher monthly payments.

For more help with choosing between buying and leasing, we encourage you to contact the experts in our new car financing center.To find your next Nissan vehicle, visit Fresh Start Program today.

Categories: New Inventory, Finance, News