Leasing vs Financing - Which is best for you?

Admiral Nissan would like to take the time and share some information for individuals looking to purchase a new vehicle. Whether you have great credit, poor credit or no credit at all it is important to understand your options when searching for a car. Many shoppers when car buying may find themselves asking - should I lease or finance? Admiral Nissan would like to share our industry insight on the car buying process both leasing vs financing. 

Its important to remember when shopping or purchasing a new vehicle - you should feel comfortable driving the car as well as paying for it. Our staff at Admiral Nissan believes it is important for our clients to understand what it takes to get into a monthly payment that you can not only afford - but will be satisfied and comfortable paying in the long run. Whether you are leasing vs financing a car - it is an investment! 

Leasing vs Financing - Which is the better option for you?  

Down payments - Many lease deals have a set down payment required at purchase to get the desired or advertised low monthly payment, this is also true when buying - the more you put down the lower your monthly payment or total amount financed. 

Monthly Payments - During a lease, you are only paying off the depreciation on the car - not its full value. Your monthly payments are much lower than if you opt to finance the purchase of the entire car over a the same period of time. 

Total Milage - Most leases have an allotted miles that drivers have to stay within when singing a lease agreement usually 12,000 to 15,000 miles per year. If you do drive over the allotted miles for your lease term there will be extra charges at trade-in for the additional miles that are on the vehicle. Drivers are also responsible for the damages beyond normal wear and tear.  

Before deciding to lease vs buy we think its important for drivers to evaluate the habits and as themselves questions such as How often do I want a new car? How much do I drive? Do I worry about my cars resale value? Do I trust the company I would be leasing from? These questions will allow you to see which would be the best option and most practical for your lifestyle. 

We invite you to use our Admiral Nissan online tools by visit our website www.admiralnissan.com. Here you will be able to begin a Nissan Credit Application or use our online Payment Calculator to estimate your monthly payment if you decide to finance a vehicle. Feel free to visit our dealership on the Black Horse Pike in Egg Harbor Township and speak with one of our Finance Specialist who can go over each option one-on-one.