Nissan Finance Tips: Leasing vs Buying
Differences Between Leasing and Buying
Leasing a vehicle means that you drive it for a few years and then have the option of turning it in for a new model (though if you’ve fallen in love with your leased vehicle, you can also purchase it at the end of the lease). Our dealership still technically owns the vehicle for the duration of your Nissan lease – you just get to drive it during its most trouble-free years.
By contrast, buying lets you own the vehicle outright once you’ve paid off your loan. This is ideal for people who put a lot of miles on their car each year and drivers who might be looking for a vehicle to resell or hand down to their teenager down the road.
How Credit Score Affects Loans and Leases
Regardless of whether you’re financing a pre-owned or new Nissan model, your credit score will affect your payment package. A driver with a higher credit score may get a lower interest rate on a loan or a smaller monthly lease payment than someone with a lower score.
Budgeting for Your Car Finance Package
When you meet with the experts at our finance center, we’ll be happy to help you understand what your vehicle will cost each month. Here are a few costs to keep in mind:
- Your monthly lease or loan package
- Fuel expenses
- Vehicle insurance
Additionally, you might have routine maintenance costs like oil changes, filter replacements, and tire rotations. Some loans and leases include preventative service, which we can outline for you before you drive your favorite Nissan model home.
Meet Our Nissan Finance Experts in Bedford, OH
Every driver is unique, so there’s no universally “best” way to finance a vehicle. Once you’ve picked the year and model of the vehicle you want, the finance center at our Nissan dealership in Bedford, OH, can help you determine whether leasing or buying is the better option for you. Come by today so we can help put you into a fantastic car, truck, or SUV!