Leasing a Car vs Buying a Car

Buy vs Lease

You've found the car of your dreams and now you're asking yourself, do I buy or lease? This is a big deal and we want to make it easy and more enjoyable for you by letting you know all your options.

Advantages of Buying

• Customizable: If you buy out your car you can do whatever you'd like with it! If you want a cool paint job, different tires and rims, or any other technical upgrades you can do so. By leasing you won't be able to have this freedom because it will need to be returned just the way it was given to you.
• Flexibility to Sell or Trade: Once you pay off your vehicle and are ready for something new you can sell or trade it in whenever you want. There won't be any termination fees if you decide to sell your car as a way of paying it off before your financing term is over.
• Build Equity: With each payment that you make on the vehicle you get closer to owning more of the value of the vehicle and owing less on the loan.
• Drive with No Worries: If you drive often and are tacking on the miles it might be in your best interest to buy. Take into consideration what it takes you to drive to school, work, or the amount you plan to travel in your car on a regular basis. If the total number of miles is larger than a typical lease limit, it would be better to buy than lease for you.

Advantages of Leasing

• Smaller Monthly Payments: If you need more flexibility in your budget and transportation it might be more advantageous to lease for the lower monthly car payments. Leasing also allows for shorter terms so you switch out of your car quicker than buying would allow.
• Smaller Repair Fees: Seeing how many of the cars that are available for lease are brand new or certified pre-owned vehicles they will already be in good-working shape. The chances of you having to spend money and time worrying about repairs is lower than when buying and keeping a vehicle for an extended period.
• Upgrade Regularly: Lease agreements have shorter lease terms making you able to upgrade and switch your vehicle at the end of your lease. If you want to keep up with technology and entertainment in your car than leasing a car every few years is for you.
• Low or No Down Payment: If you don't want to spend a lot of money right now leasing might be a good option for you as most leases don't require a down payment. Leasing makes driving a new car more affordable for people unable to fork up a lot of cash on the day of purchase.

Still Unsure? Stop By Concordville Nissan!

Leasing and buying can be confusing and we want to be transparent with all the options we have available. If you have more questions, we welcome you to come by Concordville Nissan in Glen Mills, PA for more answers.