To Buy Or To Lease

Back in the 1980’s, leasing a vehicle really took off but ever since, one of the most popular question for us here at Port City Nissan is “what’s better; buy or lease?” Port City Nissan can help you answer that.


The Basics


If you’re someone who wants a new vehicle but doesn’t have the budget for a high payment, leasing is a great option financially. And, every few years you can get something new. If you buy new the monthly payments are typically higher but once the loan is paid off, you’re driving payment free.


Priorities


This is something that each person has to decide depending on their needs. What will your vehicle be used for? Do you need a high-end sedan for driving clients? If so, purchasing might be your best bet. If you’re a couple recently married and looking to expand your family, you could lease something small then upgrade when your lease is up. Some people choose to lease forever. Others prefer leasing to save money until they save enough to own. It really boils down to your priorities.


The Pros & Cons


A low to no down payment and low monthly payment are attractive, which you get with leasing. Factory warranties cover repairs and you can easily trade-in for something else. You also get to drive a better vehicle for much less money. Did you know there’s no sales tax on a lease?


On the other side of things, once the lease is complete, you don’t own your vehicle. Often, you usually get a limited number of miles to put on the vehicle each year.


Port City Is Here For You


There really isn’t a bad choice. Both leasing and purchasing have their benefits. Your Port City Nissan team is here to answer any questions and help walk you through the pros and cons of each decision. We want to help you find the best option for your needs so schedule an appointment today!


Port City Nissan

120 Spaulding Turnpike

Portsmouth, NH 03801

Phone: 877-659-7701

Website: http://www.portcitynissan.com/


Source: https://www.edmunds.com/car-leasing/should-you-lease-or-buy-your-car.html



Categories: Finance

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