Buy Vs. Lease
Besides drawing all eyes on the Coral Springs, Fort Lauderdale, Pompano Beach and Boca Raton streets and highways, there are many advantages that you can enjoy when you lease or buy a new Nissan SUV, car, truck or van at Coral Springs Nissan.
Leasing your Vehicle
With a lease, you do not purchase the automobile. You contract to drive it for the first, and best, period of its life. Additional benefits include:
If the finance period is the same, your monthly payments will be lower when leasing than financing, because your payments will be based on the vehicle's estimated depreciation.
Your taste and preference may change and a short-term lease makes it easier to drive a new Nissan car, SUV, truck or van more frequently.
You don't have to worry about the resale value of your leased vehicle. At the end of your lease term you can either turn it in, or purchase it to keep or resell.
FINANCING YOUR VEHICLE
If you typically keep your vehicle for five to 10 years, financing may be your best option. The following are some additional benefits OF financing:
Ownership can instill a sense of pride and long-term value.
This is an important factor to consider if you drive more than 12,000 to 15,000 miles per year.
You can alter the interior or exterior of your vehicle, although your choices may affect the resale value.
You're more likely to buy
- When you lease a car, you are typically capped at 15,000 miles a year. Additional mileage can cost you up to 35 cents per mile. And that can really add up.
- If you like to personalize a car, this investment can be lost on a leased car.
- If you like the idea of ownership, you are less likely to be happy with the lease option.
- If you like the feeling of accomplishment that paying off a large purchase brings and should consider that when you lease a car, the payment ends only when you return the car.
- If the car you presently own is over 3 years old you are more likely a buyer. While not always true, you can usually drive for less if you're willing to buy and drive for at least 3 years.
- If you don't mind doing your own car repairs, you probably don't mind driving a car after the warranty expires.
You're more likely to lease
- Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
- When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
- Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
- Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
- If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
- If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment.