Is It Better to Buy or Lease a Nissan Vehicle?

 

Hankering for a new Nissan? The two most common ways to make it happen are buying or leasing. Peruzzi Nissan offers both options, and we can help you make the choice that works best for you.

Leasing is great if you want more car than you could normally buy; down payments are typically less than what’s required for a purchase (although, as with buying, the more money you put down, the lower your monthly payment will be).

Unlike buying a car where you eventually own it, your lease is only a “rental.” A typical contract runs three years; if you like a swanky new ride more frequently, leasing may be the way to go.

However, the tricky part of leasing comes to mileage. You’re limited to a certain number of miles each year (generally 9,000 to 15,000) before you’re slapped with an overage fee – and those costs (sometimes as much as 20 cents per extra mile) can really add up.

Lease contracts also require regular servicing, and that you return the car in its original condition (minus normal wear and tear). So, you always need to be mindful of spills and dings.

If you’re someone who doesn’t need a new vehicle that often, lives somewhere that requires more driving (like a rural area) or if you’re on the road a lot, buying may make more sense. Saving up for a healthy down payment may be tough – and you’ll most likely need to take out a loan – but unlike a lease, the payments you make build equity. You can drive as you need to, and not worry if your kid has spilled their juice box (at least, not any more than you normally would).

The bottom line about your “bottom line”? Both buying or leasing have their own benefits that require careful review; neither option is “one size fits all.” So, stop in to Peruzzi Nissan, and let us help you craft a smart deal that works best for your life!

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