We field a lot of questions during the car shopping process here at Hall Nissan Virginia Beach, and one common query we hear from drivers is “should I finance or lease a car?” The reality is that both options have their own advantages, but don't you worry. Our Nissan finance experts can help you figure out which option works best for you.
Should I Buy?
Buying that new Nissan vehicle is a good idea when you plan to keep it for a long time. You place a down payment and finance the rest of your vehicle with a loan. Once the loan on your vehicle is paid off, cost of ownership drops drastically.Buying a car also allows you to drive it as far as you want each year, and you can choose to customize your new vehicle with accessories and performance parts. Securing Nissan financing is really the best option for any driver who plans to keep a car for years and years.
Should I Lease?
Leasing is ideal for any driver who loves having the latest tech and upgrades at their disposal. When you lease a vehicle, you keep it for two to three years. You make an initial payment and monthly payments, but they're often less than you would pay if you were buying and financing a car. That allows drivers to get more for their money. You could upgrade from the 2020 Nissan Altima to the larger 2020 Nissan Maxima, for example, because the lease's monthly payments are lower.At the end of your lease term, you can renew your lease, buy the car, or turn it in and lease a different model. There's a lot of flexibility here, and no need to worry about trade-ins or selling a vehicle. That being said, lease agreements are often strict when it comes to what kinds of insurance you need to carry and how far you can drive each year.
Contact Hall Nissan Virginia Beach
Whether you decide to buy or lease a new Nissan vehicle, our Nissan dealers serving Norfolk, VA are ready to assist you! We hope to see you soon for a test drive!