You're more likely to buy
- When you lease a car, you are typically capped at 15,000 miles a year. Additional mileage can cost you up to 35 cents per mile. And that can really add up.
- If you like to personalize a car, this investment can be lost on a leased car.
- If you like the idea of ownership, you are less likely to be happy with the lease option.
- If you like the feeling of accomplishment that paying off a large purchase brings and should consider that when you lease a car, the payment ends only when you return the car.
- If the car you presently own is over 3 years old you are more likely a buyer. While not always true, you can usually drive for less if you're willing to buy and drive for at least 3 years.
- If you don't mind doing your own car repairs, you probably don't mind driving a car after the warranty expires.
You're more likely to lease
- Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
- When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
- Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
- Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
- If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
- If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment. To see the results for a person more likely to buy, Click here.
Should I buy or lease my car? It’s an age-old debate and there are a number of advantages to each, so allow our Nissan of Cape Coral dealer to explain some of them to help you determine which option is best for you!
Nissan Financing vs. Leasing
Buying Pros
Below are some of the benefits you can expect to receive when financing a new, used, or certified pre-owned Nissan:
- Your monthly car payments are accumulating and chipping away at the overall price of your vehicle. Once the vehicle has been paid off, it is yours to keep for as long as you would like.
- You won’t need to worry about being penalized for exceeding your mileage or any damage caused to your vehicle throughout the lease.
- You have more flexibility when selling your vehicle. You can sell or trade it in at any time.
- You can modify your vehicle in any way you would like (new paint color, aftermarket parts, etc.)
- You will likely save money in the long-run when it comes to financing.
Leasing Pros
- When leasing, you’ll be entitled to lower monthly payments with low — or no — down payment.
- You’ll likely be covered by a factory warranty for the duration of your lease.
- Leasing your vehicle makes the transition between your old Nissan to your brand-new Nissan model much easier. You can swap in and out of new models every few years without having to deal with the aggravation of selling or trading your vehicle in.
- You can drive a more expensive and stylish car for less money.
- You pay less in sales tax.
Learn More From Our Nissan Dealer Near Port Charlotte
If you have any questions about financing or leasing your next Nissan, or you would like to schedule a test drive in a model of your choice, please don’t hesitate to contact us here at Nissan of Cape Coral!