Lease vs Buy

Have you recently fallen in love with a Nissan ride? Are you pondering how you want to finance your vehicle? How do you know which financial plan is best for your lifestyle? Our team at Redwood City Nissan near Redwood City Oakland, and Alameda, CA, has crafted this guide, which is all about leasing vs. buying.

On this page, you will learn all about the benefits of leasing and buying, and how our finance center can accommodate you during the car-buying process. Keep reading to get started.

The Leasing Essentials You Need to Know

One of your financial options is to lease your new Nissan. Let’s first cover the essentials. A lease typically lasts between two to three years. Once your leasing period finishes its duration, you have free will to choose another vehicle! There are also many benefits to leasing, including:

     •    Easy access to higher trim levels and technology

     •    Generally lower monthly payments

     •    Factory warranty coverage

     •    Exchanging vehicles often can give you more driving experience between different body styles

It’s also important to be aware of a few other points that come with leasing. For example, leasing a vehicle gives you limited customization and mileage. During a lease, you also don’t have ownership of the car. However, if you prefer a vehicle that you can exchange out every two or three years, leasing is the way to go.

Leasing a vehicle also depends on your lifestyle. If you’re someone who wants to experience a lot of vehicles in their lifetime, leasing allows you to do just that. If you want to enjoy higher trim levels and amenities that you may not have access to when purchasing, leasing may be your best option.

Buying Basics 101

Your next financial option is to buy it. You can buy a Nissan out of pocket or you can choose to take out a loan and finance it. If you do set up a financial plan with set payments down the line, there are many benefits to doing so, including: 

•    Full ownership of the vehicle 

•    Can build equity in the vehicle 

•    Freedom to customize 

•    No mileage restrictions 

Much like leasing, there are limitations to purchasing to keep an eye on. For example, once you choose to purchase a vehicle, you have it for a long duration. If you do choose to sell it, this can be tricky, but trading it in is always an option. There may also be limited warranty coverage with a purchased vehicle. 

If you want to make a vehicle your own through customizations, purchasing is a great option for you! If you commute long distances to work or plan to put extra miles on it through road trips, purchasing a Nissan is best because you do not have any mileage restrictions. 

Our Finance Center

Now that you’ve learned a little bit more about the pros of buying or leasing your next Nissan, you may still have questions. That’s where our finance center comes in. When you visit us, our financial advisors can answer any questions you may have or help you decide which plan is right for you.