When searching for options to finance a new Nissan, you might want to consider whether to purchase the vehicle or lease it. Each option comes with advantages, and this buy vs. lease guide can help you make up your mind.
Buy Vs. Lease Options at Your Nissan Dealership in College Park, MD
Purchasing a Nissan
No Mileage Limits
If you drive a lot or put your vehicle through heavy use, purchasing is likely the best option for you. Whether you’re paying for the vehicle in cash or taking out an auto loan, there is no limit on how many miles you can drive and no charges for excessive wear.
Flexible Terms
When taking out an auto loan, there are a variety of options for the length of the car loan flexible terms, typically ranging from 12 to 72 months. You can apply for a loan to finance a new Nissan, but also if you want to buy a pre-owned vehicle.
No End of Contract Charges
Another buying advantage is that you don’t have to worry about any charges at the end of the contract. You can also decide to sell the purchased vehicle whenever you want or trade it in, even if you’re still paying for it, to finance a new vehicle.
Leasing a Nissan
Flexible Terms
Like an auto loan, leasing a Nissan comes with flexible terms. There are different options for the length of the lease, as well as the mileage limitations.
Lower Monthly Payments
One of the main advantages when leasing a Nissan is that your monthly payments can be lower compared to an auto loan. That’s because when you’re leasing a vehicle, you’re only paying for the portion of the vehicle you’re using.
End of Contract Options
When a leasing contract comes to an end, you have lease end options. If you like the vehicle and want to keep it, you can pay the agreed-upon balance to purchase it. This option typically waives any excess mileage and excess wear charges.
You can also return the vehicle and end the contract, or return the vehicle and lease a new model. In these cases, you’ll have to pay any excess mileage and excess wear charges, which is why leasing is best for you if you don’t drive much and like keeping your vehicle in top condition.
Buy or Lease a New Nissan in College Park, Maryland Today
To discover more about each of these options, contact us at DARCARS Nissan of College Park in College Park, MD, to schedule an appointment.
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