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Buying vs Leasing: Which is Right for You?

Let's Talk About Your Next Nissan!

Stepping into a new Nissan is an exciting venture. Whether you're looking for an efficient commuter vehicle with the latest driver assist technology, an accommodating SUV with all of the luxury features you can ask for, or a commanding pickup truck that touts over 400 horsepower, there's a perfect Nissan option for you.

The burning question is: would you like to buy or lease? Come with us as we discuss the key differences between buying and leasing and help you decide which method is right for you.

Here at Wesley Chapel Nissan, we feature a broad inventory for you to choose from so you can rest assured that your next new vehicle lies somewhere within our inventory! Striving to make your experience unique, we feature five star customer service and tempting monthly specials so you don't even think about visiting another dealer!

Let's uncover the key differences between buying and leasing!

The Benefits of Buying Your Next Car

You have the option of buying a brand new car or a used one, which is usually cheaper.

Buying a car is fairly straightforward; you'll pick out your favorite model and pay for the full purchase price before you drive off the lot. If you don't have the cash on hand to buy the vehicle outright, you'll obtain a car loan that allows you to split the purchase price, plus any taxes and fees into equal monthly payments.

Buying a car also gives you the ability to resell the vehicle at any time, or trade it in on a newer model whenever you wish. Buying a car is also an investment in that you can sell it at any time and make some money off of it. This will help offset the purchase price if you decide to sell it within a few years of buying it.

When you buy a car you can also customize the interior and exterior with accessories like aftermarket wheels, and other performance modifications.

The Lowdown on Buying Your Next Vehicle

Buying or financing your vehicle is not always a walk in the park. Purchasing a vehicle means that you'll likely have to tough out higher payments than if you were to lease the same vehicle because a purchase requires you to pay for the entire purchase price, while leasing involves you paying only the depreciation.

New vehicles also depreciate rapidly within the first few years. A new vehicle can lose up to 60% of its value within its first five years of service, meaning if you want to trade in for a new vehicle after a few years, you might find that you owe more than your vehicle is worth.

The Benefits of Leasing a Car

Leasing a vehicle is a great way to drive off in your dream car while saving money on your monthly payment. Because leasing only involves you paying for the depreciation of a vehicle, plus a nominal finance fee, it is often the cheaper option for many drivers. Leasing also ensures that you'll drive a late model vehicle, and you won't have to worry about expensive repairs because your vehicle will likely be under warranty for the duration of your lease.

Leasing Isn’t for Everyone

Although leasing is often a cheaper option for many drivers, it's not for everyone. Because you never truly "own" a leased vehicle, you'll never pay it off. Once your lease term is up, you'll have the option of either buying the vehicle or turning it in to lease a brand new model.

Leasing also comes with certain restrictions that may not be the best for all drivers.

For example, virtually every leased vehicle comes with mileage restrictions to ensure that the vehicle does not excessively depreciate during your lease term. Speaking of excessive depreciation, leasing requires you to keep your vehicle well maintained and refrain from any modifications. Excessive mileage, modifications, or damage may result in excessive wear fees and can lead to costly lease-end costs.

Drive Home in Your Dream Car Today!

We hope you’ve enjoyed this buying vs leasing guide, but its time for you to take home your new Nissan!

At Wesley Chapel Nissan, we take pride in our customer-centric approach. We strive to make your experience one of a kind and ensure that you're a part of the Wesley Chapel community. Regardless of whether you choose to lease or buy, we’ve got a brilliant selection of vehicles for you to choose from, and we feature outstanding specials that help you take home your new Nissan with an outstanding deal.

Make your way down to Wesley Chapel Nissan today and discover your new vehicle here in Wesley Chapel, FL.

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