Compare Buying vs. Leasing Options What’s Right for You?

If you’ve suddenly found yourself in the market for a new car, truck, SUV, or crossover, one of the most important decisions you’ll need to make is whether you want to buy a new or used vehicle, or lease a new vehicle. At Milford Nissan we know that buying or leasing a vehicle is a big investment, so we want to help you make the right decision for your driving style and budget. Even if you’ve already got your heart set on one of the two options, it might be a good idea to review the facts, pros, and cons of each to ensure you’re making the right decision. We want to make sure that you have been provided all the information you need to make that decision confidently.

If you haven’t decided whether you’ll be buying or leasing a car, don’t worry! We’ve got you covered at Milford Nissan. We’ll go over all the basics of buying vs. leasing by comparing the options side by side listing the facts, pros, and cons. Before we get started, here a few things you might want to consider that will help guide your decision:

• The Type of vehicle you want


• Your daily commute distance


• Maintenance cost


• You driving habits


• Your monthly budget

While we can’t make the decision for you, the options below highlight the factors of buying and leasing and can help you decide what’s right for your lifestyle. While leasing might be right for you, it may not be for the next person. Each person has their own driving style, habits, and vehicle needs and it’s up to you to decide which option fits you the best. If you have any questions about leasing or buying, give us a call at . Our team of knowledgeable auto experts is happy to help with anything you need at Milford Nissan in Milford, MA.

Car Lease Pros & Cons

Leasing your new Nissan can be a great choice. The biggest difference between a car lease and a car loan is the duration of time you have the vehicle. When a lease ends, the dealership gets the car back. Depending on your specific terms, you have the possibility of buying the car outright or choosing a completely different car. The main benefit of having a Nissan lease is the lower monthly payments. The payments are lower because you are simply paying for the depreciation of the vehicle. When you lease a car, you are essentially renting it for a specified amount of time. 

So, what’s the down side? You are usually restricted by a mileage limit as well as the set amount of time. This can be troublesome for drivers who tend to drive a lot or drive longer distances. Another downside is that you don’t actually own the car, despite making monthly payments. With that being said, if the payment is low enough and you won’t reach the mileage limit quickly, leasing your new Nissan could be a great option for you.

Car Loan Pros & Cons

Once you have your dream car, there is a good chance that you won’t want to give it up after a specified amount of time. If this is the case, financing your car could be the best option for you. By getting a car loan, you are deciding to purchase the vehicle. After you pay off the full price, it will be yours to do whatever you please. You won’t experience the same restrictions as a car lease, such as mileage or a set amount of time you will have the vehicle. Additionally, if you finance, your insurance payments could potentially be lower than if you lease.

The downside to financing your car can include higher monthly payments. Your monthly payments are determined by your down payment and your credit score. If you have a great score and a decent amount to put down, chances are your payments won’t be too high. Don’t worry if you have a less than great score. The finance professionals at Milford Nissan are prepared to work to find the loan terms and interest rate that fits best for you.