When you're in the market for a new Nissan, you need to decide whether you're going to buy or lease the car or truck
. Which is better will depend on your unique situation and need for a car, but Nissan Massachusetts offers the following information to help you decide which is the better option for you:
Personal Priorities
Are you someone who prefers to drive in a new car every two or three years? Do you not want to concern yourself with major repair risks or long term costs of owning an aging car or truck? If your priorities lean more towards driving in a newer car you'll probably lean more towards leasing.
Do you like the idea of long term savings over a lower monthly payment? If you have the ultimate goal of owning a Nissan without payments at some point, buying a car allows you to make payments until the loan is paid off and then you can continue driving the car payment free until you need to get a new one.
Financial Considerations
Short term use of car leasing a car for a short period of time will cost you less than buying the same car for the same price with the same down payment. A lease will run about 30% to 60% less than your loan payment.
Medium term use of car if a buyer of a car was to sell the car at the end of the term, buying and leasing a car for a medium period of time would cost about the same.
Long term use of car if you plan to keep a car for a long period of time, leasing will almost always cost more than just buying the car.