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Buying vs. Leasing: Which is the Right Option for You?

NISSAN PURCHASE

Purchasing is ideal for people who drive a lot, put their vehicles through heavy use, or are looking to build equity. It also gives you the freedom to customize your car as you please.

With its SignaturePURCHASE® competitive interest rates and quick credit responses, Nissan can help you make your car-buying dream a reality. SignaturePURCHASE terms range from 12–72 months and are available for new and pre-owned Nissans, as well as other pre-owned vehicles less than six years old.

Here are a few benefits of financing through Nissan's SignaturePURCHASE:

  • Drive as many miles as you want.
  • Travel with kids and pets, over gravel roads, and park in dent-prone lots without worrying about wear-and-use charges.
  • Carry lower limits for auto insurance than with a lease. (See your insurer for actual quotes.)
  • Customize your vehicle (though this may invalidate portions of your warranty).
  • Sell, trade, or transfer your title whenever you want.

NISSAN LEASE

Leasing is ideal for people who drive less than 15,000 miles per year, take good care of their vehicle, and want a new car every 2-4 years.

Nissan's SignatureLEASE® offers more choices than your average lease program. Terms range from 24–60 months.

By leasing a vehicle you can usually:

  • Get a bigger, better-equipped vehicle than what you could purchase for the same amount.
  • Pay only for the portion of the car's life you use (which means a lower monthly payment).
  • Receive tax benefits if used for business (depending on the lease, state, and tax laws).
  • Invest any savings in appreciating assets like stocks, bonds, etc.
  • Spread applicable sales tax across monthly payments (varies by state).
  • Enjoy end-of-lease options: you can buy the car, lease another vehicle, or explore other choices.

Buying vs. Leasing a New Car in Boardman, OH


Well, the time has finally arrived. You have crunched some numbers and decided to get a new car. You’re practically out the door eager to trade your old model in when a television commercial catches your attention. It is an automobile ad, and it mentions special lease options available. A little lightbulb goes on in your head. You have always purchased your cars outright and never really gave much attention to leasing. How exactly does leasing work, anyway? Is it better to buy a car or lease one? Let’s take a look at buying vs. leasing a new car in Boardman, OH and see which option might work best for you.

There are different aspects to buying or leasing a car. Each one has its special circumstances and advantages. For example, as you likely already know, when you purchase a car, it belongs to you. You own it. When you are leasing a car, however, it does not belong to you, much like leasing an apartment does not mean you own it. You are just paying to use it for a set period of time. Now, this does not mean one is inherently better than the other. When you own a car, there is a sense of pride in that ownership. You may also customize it however you wish, which you cannot do when leasing a vehicle. But leasing a car gives you a chance to drive a brand new model every two or three years, so you are always in the freshest cars, which also has its perks. That said, you may have the option of buying the vehicle at the end of the lease, so keep that in mind.

Is It Better to Lease a New Car or Buy a New Car?


It all comes down to you and your financial needs and driving preferences. Buying a car generally means a higher down payment as well as higher monthly payments than what you find with leasing. Buying a car entails financing the entire purchase price of a vehicle, whereas leasing is just paying for the use of it for a smaller amount of time. Also with a lease, you are contracted to stay within a set amount of miles driven, and may have to pay extra for any miles outside the contracted limit, whereas with a car you own you are free to drive as much as you please. But if you do not see yourself driving great distances, a lease is still a great option.

Basically, you want to take another look at your lifestyle and what you want or need right now as well as what your future will require. There is no right or wrong when it comes to buying or leasing. It all depends on what you are looking for and how you want your vehicle to fit into your budget. If you have any questions about buying or leasing a new car, or if you want to know more about specific lease offers here at Boardman Nissan. Give us a call at 888-848-6354 and we will be happy to assist you.