Buying is the tried and true method of getting behind the wheel of a new car. But leasing has soared in popularity in recent years, with nearly one out of every three new vehicles on the road today being a lease.
So which option is right for you?
Because a vehicle is a significant expense, it’s worth taking the time to examine buying vs. leasing to help you determine which route is best for you. Ultimately, the decision to buy or lease is a personal preference as there are several benefits to each.
Buyer’s Guide to Nissan Financing Options
Buying
Buying a vehicle, whether paying for it outright or financing the purchase with a loan, is the more traditional way of getting a new set of wheels. Here are some advantages of being a buyer:
- Owning a vehicle means having the freedom to customize it with accessories, decals, or aftermarket upgrades.
- When you buy a vehicle, you can sell it or trade it in at any time, making it easy to exchange your vehicle for a different one.
- Buying a vehicle means you can sell it at a later time and recoup some of the money you put into it.
- If you keep a purchased vehicle long enough to pay it off in full, you will not have to make any monthly payments to keep a car in your driveway and can eliminate one of your monthly expenses.
- There’s no limit as to how many miles you put on a purchased vehicle.
Leasing
Leasing is the alternative to buying and while vehicle leasing has been around for decades, the practice has risen in popularity in recent years. Some of the benefits of leasing include:
- Leasing generally comes with lower monthly payments since you are not financing the entire cost of the car.
- The vehicle is typically under warranty for the duration of the lease, which means you aren’t likely to get saddled with expensive repair and maintenance costs.
- Leasing allows you to always be behind the wheel of a newer car with the latest safety and tech features.
- Leasing requires less money down and there are no upfront sales taxes.
- You still maintain the option of buying a leased car at the end of the lease term if you wish.
Buy or Lease at Greeley Nissan
No matter if you decide to buy or lease your next vehicle, you can find it at Greeley Nissan in Greeley, CO. Shop our new Nissan cars for sale and see what kind of new Nissan specials we have available for lease.
When it comes to buying vs. leasing, there’s no single answer for everyone. But when it comes to where to shop for that next vehicle, the only solution is Greeley.
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