The decision to buy or lease a car can be a little confusing at first, but the circumstances in which one makes sense over the other are actually pretty clear. In today’s post, we’ll go over why you might choose to lease vs. buy a new Nissan (or any other make and model, for that matter).
When To Buy
Since the whole premise of a car lease is that you’re paying an amount equivalent to the vehicle’s depreciation value, it makes more sense to buy if you know you’re going to have to put hard wear on the car. For example, buying is likely your best option if you have a long commute or a job that has you traveling most of the time. Likewise, if you want to go off-roading on the weekends—try it with a Nissan Armada or Pathfinder—leasing usually isn’t the right choice either.
Keep in mind that wear extends to the interior of the vehicle, not just the exterior and the moving parts. So, if you have kids or pets that are going to be traveling with you regularly, buying a car is probably the financially advantageous option in the long run.
Are you planning on customizing or modifying the car? If so, you definitely want to buy. When you lease, you’ll have to remove all those customizations when you return the vehicle to the dealership.
When To Lease
If you’d like to upgrade your vehicle to a new model every few years and don’t want to deal with selling or trading your car in each time, leasing is a convenient way to do this while also maintaining monthly payments that are in the same neighborhood (or lower in some cases).
Leases make particular sense if you need a car for business purposes, but aren’t going to be driving vast distances with it. Let’s say you have a job in a city that you know will only be for a handful of years; at the end of that period, you’ll be moving somewhere else and won’t necessarily want to take your vehicle with you. A lease allows you to get a newer model with a more affordable down payment. And if it’s used for business purposes you can also take advantage of tax deductions.
Buy or Lease at Nissan World of Red Bank
Any other questions about which lease vs. finance options are perfect for you? Interested in checking out a new Nissan or used car in the Red Bank area? Contact Nissan World of Red Bank at 877-738-5443 or feel free to drop by our car dealership at
120 Newman Springs Rd! We offer a wide range of Nissan financing, leasing, and purchasing opportunities for any car shopper.