Should You Buy or Lease Your Next Car, Truck Or SUV?

Whether your vehicle is truly old and worn out, or the new has just worn-off, you can?t afford not to consider a new vehicle from South Colorado Springs Nissan. Come in to our state-of-the-art showroom today and allow our courteous sales staff to help you choose your next new vehicle. After you select the right vehicle, the right color, and the right options, then you can decide whether you want to BUY or LEASE. There are a number of benefits to each method, so there is no right or wrong answer - there is only what is right for you and your individual requirements.

The Advantages of Buying a New Car

Obviously, the most notable advantage of buying a new Nissan is the fact that when all of the payments are made (assuming that you finance the vehicle) it is yours to keep, trade-in, sell it, etc. Once it is paid for the vehicle can be yours for as long as it lasts (which in the case of a Nissan could be a very, very long time). You may even opt to pass your cherished Nissan on to your children or even grandchildren. Unlike a leased vehicle, which you must turn-in at the end of the lease agreement, the purchased vehicle is yours to keep and do with as you will.

The freedom that purchasing a vehicle can afford doesn?t end there; you can also modify the vehicle as you choose. For instance; if you have special needs (or wants, for that matter) that require you to travel off-road and navigate rough driving conditions, but you have leased a rugged Nissan 4X4 pickup truck, the lease agreement may prohibit you from making permanent off-roading modifications - like a 6-inch suspension lift. You will not encounter such hindrances if you buy a truck, instead. You can modify it as you please, but bear in mind that some modifications could void your manufacturer?s warranty.

Another major benefit to buying a new vehicle is that you have no mileage restrictions. For consumers with a lengthy daily commute, this could be the most important factor of all. Often, lease agreements regulate the amount of mileage that the vehicle may be driven over the course of the leasing period. This requires careful annual planning to ensure that you do not go over the designated amount of miles and incur additional end-of-agreement expense. Typically, the lower the monthly lease payment, the lower the mileage allowed and vice-versa.

In the end, if they can obtain financing with a reasonable annual percentage rate, the majority of consumers choose buying rather than leasing. It is understandably important that many consumers feel like they are going to own their vehicle at the end of the agreement and they view leasing as paying for a vehicle that is never going to be their own.

The Advantages of Leasing a New Car

If it seems that the benefits of buying far outweigh the benefits of leasing a new vehicle, then you may want to consider some other scenarios.

If you tend to trade vehicles frequently (every three-years or more often), then you may be missing out on some of the advantages that leasing new Nissan can offer. Since new automobile leasing is done on a short term basis, the vehicle is always under warranty. Furthermore, since you will always be driving a late model vehicle, you are less likely to experience the little "hiccups" that go along with driving older vehicles (especially when you take long trips). When opting to lease a new Nissan, you will likely only be responsible for regular maintenance, as long as you are within the warranty mileage.

Chances are that you will only drive a leased vehicle for two-years and then lease a newer vehicle. If you plan to trade vehicles frequently, then you can see the advantages of leasing a new Nissan. There are also many lease incentive for putting you in a new Nissan and the monthly lease payments are usually lower than buying a new vehicle.

At the end of the lease you may also choose to purchase the vehicle at a reduced price. Many vehicle owners become so attached to their new Nissan that they are hesitant to let it go back to the dealer.

No Wrong Answer, It's Simply A Personal (Financial) Choice

As anyone can see, there is no right or wrong way to drive a Nissan from South Colorado Springs Nissan. Both buying and leasing have their advantages and disadvantages and you must decide which is best for you and your situation. Whatever your choice, we will offer all of the help that you need to put you behind the wheel of the vehicle of your dreams.