Buying vs Leasing at Lokey Nissan
Whether you're looking for a New or Used Nissan, Lokey Nissan wants to help you find the best deal possible for your vehicle needs. Loans and leases are just two different ways of automobile financing. One finances the use of a vehicle and one finances the purchase of a vehicle. Read on and see whether you're best suited for buying or leasing at Lokey Nissan.
Buying
- You own the car once payments are finished
- Mileage is not limited - drive as much as you want
- Better for those that like to own their car for six or more years
- You can sell whenever you like
- Able to customize vehicle with parts and accessories
- No worries over minor mishaps like spilled coffee or missing mats
- Insurance costs generally lower
Leasing
- Can get lower monthly payments with a lower down payment
- Mileage typically limited to 12,000 - 15,000 per year
- Better for those that like to change out of their car every two to three years
- No hassle trade in at end of lease
- Write off lease as business expense if self-employed
- Like to avoid major repair work expenses
- No up-front sales tax fees
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