Buying vs Leasing a New Nissan in Wilton, CT
If you have your eyes on a new car, you may be wondering if it’s better to buy or lease. Both of these options come with their own set of advantages and disadvantages, but ultimately, you have to make a choice that best suits your current lifestyle. Here’s what you need to know about buying or leasing a Nissan.
When you purchase a new Nissan, you become the owner of it until the day you decide to sell it. Regardless of whether you pay the complete amount upfront or choose to pay through installments, it would be registered in your name alone.
On the other hand, when you lease a car, you are paying for its use, and the financial institution through which you lease has ownership over it.
If you like to have complete ownership over your chosen vehicle, buying will definitely be the more valid choice for you. You can enjoy far fewer restrictions on how you want to personalize your car or how many miles you can drive, which is something you cannot do with a leased model.
If you are opting to buy a new Nissan, you may have to pay a lump sum as a down payment. The amount varies based on your credit score and the lender’s requirements, but you should be prepared to shell out a large sum right at the start.
Leasing, on the other hand, does not require you to put in a down payment. In the beginning, you must only pay for the first month, in addition to certain other acquisition fees and taxes. After this, you’re merely required to pay up on a monthly basis.
Change it Up
If you opt for the leasing route, you have the freedom to choose which car you wish to drive every once in a while. On the other hand, buying is more of a long-term investment.
If you buy, you have to take the responsibility of maintaining it with regular service. Doing so can be quite expensive. With leasing, you can avail a new car with fewer repairs, as well as access to a factory warranty.
To know more about purchasing and leasing a Nissan, you can speak to our auto sales personnel at Bruce Bennett Nissan in Wilton, CT. We also serve the neighboring cities of Fairfield, New Haven, and Danbury.