Buying vs Leasing a New Nissan Vehicle
Here at Continental Nissan, we're dedicated to providing you with a wide variety of different Nissan vehicles, giving you the choice between an array of different body styles, models, and trim levels. Whether you're looking for a new SUV or compact car, you have plenty of options when it comes to getting behind the wheel of your new ride. If you're in the market for a new vehicle, you have the choice between buying and leasing it.
While some shoppers will prefer to purchase their vehicle, others will find that leasing is more suited to their needs. Here at Continental Nissan, we'll walk you through the benefits of buying and leasing a new vehicle.
If you decide to go the buying route, you will be financing the entire cost of your vehicle, which along with a down payment, can result in higher monthly payments than you might experience from leasing. You will also have to pay for any repairs or maintenance that fall outside of your vehicle's warranty.
Of course, the major draw of buying your own vehicle is in actually owning your vehicle. You won't be held to the strict guidelines put in place by leases, no mileage limit or fees and you're free to customize your vehicle however you like. And if you plan on keeping the vehicle for more than a few years, buying is the best way to go.
Should you opt to lease your next vehicle instead of buy, you'll find that the down payment and monthly payments are lower than they would be if you chose to purchase the vehicle. This is because when you lease a vehicle, you're actually paying for the depreciation of the vehicle over the duration of your lease, rather than paying for the vehicle itself.
Leasing allows you the opportunity to drive a new vehicle every few years, letting you experience the latest vehicles and features at a lower price. It's great for drivers trying to find the exact model that's right for them, or for drivers looking to drive around in a vehicle that might otherwise be outside of their price range.
That said, you technically don't own the vehicle so you're required to follow a few rules in caring for your vehicle. Not only are you not allowed to customize the vehicle, but you will also have a mileage limit which, if you exceed, can lead to extra fees. So, if you have a long daily commute or are looking for a vehicle for your next road trip, a leased vehicle might not be the right choice for you.
If you have any questions about the buying or leasing process here at Continental Nissan, feel free to contact us today for more information. We'll be happy to help you through the process or assist you in deciding whether buying or leasing is the right choice for you.