Drivers looking to add a new Nissan to their garage for Port Orchard commutes often spend many hours wondering, “should I buy or lease?” Because everyone’s financial circumstances are different, there’s no one clear answer. That’s why our finance team at Advantage Nissan have broken down the advantages and drawbacks of lease vs. buying agreements.
No Mileage Restrictions: If you frequently drive from Tacoma to Auburn and clear past Gig Harbor? Because lease agreements often have mileage restrictions, you’ll likely want to buy instead.
Total Ownership: When you own your vehicle, you can do with it as you please. Make modifications, sell it, do anything you like!
Customization: Make performance modifications or customize your appearance however you please with a buying agreement.
Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.
Financing Options: Lease agreements vary a bit more than finance plans, making them a bit more complicated. Finance plans are slightly more straightforward.
Less Cost Over Time: Buying a car is more affordable overall, even though it has higher initial costs.
Benefits of Leasing
Lower Payments: Typically, lease offers tend to come with more affordable monthly payments than finance plans.
Less Sales Tax: While you have to pay sales tax on the whole vehicle in a finance plan, you typically only pay sales tax on your payments in a lease plan.
Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. Head to your local Bremerton dealership, pay any remaining fees, and drive away in your next vehicle of choice.
Great Coverage: Because all leased vehicles are under warranty, maintenance is very straightforward to address.
Options: Because lease deals are only a few years long, you will have more opportunities to get behind the wheel of a new car with the latest features.
High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved.
Explore Leasing and Financing Options at Advantage Nissan
Are you ready to compare lease vs. buying plans for yourself? Let the team at Advantage Nissan help you find out what plan works best for you! Don’t hesitate to contact us if you have any questions for our team.
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