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You have so many choices available to you today when it comes to getting a new Nissan or used vehicle from our inventory. You can pick from a wide assortment of styles, colors and features to suit your personality and driving needs. You can also choose the type of financing that works best for you. While it’s great to have options, you may be feeling confused about whether it’s best to buy or lease your next Nissan. They each offer benefits for a certain segment of shoppers. Keep reading for an overview of buying vs. leasing so that you can make an informed financial decision.
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Who Benefits from a Conventional Auto Loan?
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Conventional financing involves getting a loan and making a predetermined number of payments until the balance is repaid. Typically, you’re also required to make a down payment. Benefits to buying a car include the pride of ownership, the freedom to make any modifications you choose, and the ability to drive limitless miles without penalty. You can count on one day being payment-free.
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Bringing us your trade is one way to get more out of your purchase. Find the value of your potential trade and discover how much you can get in return. You can use that money towards your down payment or the other fees that come with purchasing a car.
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Who Should Consider Leasing?
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Some people prefer a lease because it offers a way to drive a higher-value vehicle with more features for less money. Lease terms are usually around three years in length. Your monthly payment will be smaller than it would be on a conventional car loan. That’s because you’re essentially only paying for the depreciation that occurs during that time. At lease end, simply return the vehicle. Many of our Certified Pre-Owned Nissan models were once someone else’s leased Nissan.
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Take a Test Drive Today
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We hope you have a clearer picture of the differences between buying and leasing a new vehicle. If you’re ready to begin your search for a Nissan to suit your lifestyle, talk to our financing specialists in Altoona to take a test drive. You can also meet with our finance team to clear up any questions you may have. We look forward to working with you.
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