When looking for a new car, one of the most important questions to ask yourself is whether you should plan to buy or lease the car. Both options have benefits. Continue reading to see how these two options differ and to see which financing option would be the best choice for you.
Benefits of Buying a New Car
Sole Ownership
Once a car is purchased, you can keep it as long as you want because you are the sole owner of the car. If you decide you no longer like the car or would like to trade-it in for a different model, you can do so whenever you’d like. To terminate a lease early often means expensive charges and penalties since you do not own the car.
Total Freedom
Since you are the sole owner of the car, you are given free reign over how the car will be used. While leased cars are given limitations regarding how many miles the car can accrue in a year and what types of customizations can be made, a buyer is not held to these same regulations. While these decisions will affect the resale value, the decisions are ultimately yours to make.
Benefits of Leasing a New Nissan
Leasing Is Cheaper
When you buy a new car, the monthly payments break down to include the total value of the car since the owner gets to keep the car once it is paid off. Since a lease only covers the value of the car for the agreed-upon time period the car will be in your possession, the monthly payments will be considerably lower.
No Strings Attached
When a car is purchased, it is the responsibility of the owner to manage the sale or trade-in of the car before a new car can be purchased. This headache can be avoided by leasing the car instead. At the end of the leasing term, simply drive the car back to the lot, sign a few documents, and walk away from the responsibility of having to resell or trade-in the car. If, at the end of the leasing term, you decide you would like to purchase the car, you can buy the car and drive it home. If you’d like to lease a new car, fill-out the paperwork to lease a different car and enjoy a new car instead.
Explore Nissan Leasing Options in Longmont, CO
If you’re in the market for a new car, come to Valley Nissan of Longmont. We have an impressive inventory of new Nissan cars for sale. Be sure to explore the new Nissan specials we have available to see the latest lease deals. Give us a call or visit our dealership today to learn more.
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