Lease vs Buy

Leasing vs Buying a New Car

Why Should You Lease a New Car?

If you prefer to drive newer, safer, more reliable cars, but prefer not make a big down payment every 3-4 years, and also don’t drive an excessive amount yearly, then a new car lease may be right for you. Leasing is intended for people who prefer to avert the annoyance of buying and selling every time they want to drive a new car, truck, or SUV.

Why Buy a New Car?

On the other hand, if you like long term relationships with a greater sense of commitment and ownership, then buying might be what’s better for you. Car-buying is typically best for those who won’t mind driving the same car for over five years or even until it is no longer fit for the highway.

Buying vs Leasing: Which One Is Right for You?

Being aware of the pros, cons, and overall benefits of leasing vs buying a car or truck is important. Be sure to examine factors like potential savings, vehicle ownership, monthly payments, and repair costs when weighing the pros and cons of the best new car or truck financing type for you.

Buying: Ownership vs Leasing

When weighing the value of vehicle financing, new car ownership surely comes with many well-known advantages, most associated with complete ownership of the car, truck or SUV. You may not realize, but, there are also a few nice advantages to leasing, as well. It’s imperative to consider all financial aspects including down payment, monthly payments, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A careful study of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the perfect choice between leasing and buying a new car or truck.

leasing vs financing a new car pros and cons

Monthly Payments

Car lease payments are often less expensive compared to auto loan and car financing payments as the typical lease structure is pretty much renting with the option to buy out near the end of your lease term. Consider when leasing that you’ll need a higher credit score, and will be required to carry collision and comprehensive insurance, though the same can be said for the lowest rate auto loans. Though it can likely increase your monthly payments, it is also wise to choose a model with the features you need or want, as personal satisfaction is often priceless.

why leasing a car is smart

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It’s important to remember this when projecting monthly costs of leasing vs ownership. Regardless of which make and model you select, mechanic bills are an unknown cost that can quickly add up. And for those who are not certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing can be the best option for peace of mind.

is leasing better than financing

Savings vs Investment

Generally speaking, a new vehicle lease saves money in the short term with more affordable monthly payments, while buying gets you a long term investment, meaning outright ownership of the value of the car or truck at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For the best investment on a financed/purchased vehicle, you can pay it off quickly and also avoid excessive wear and mileage.

LeaseBuy
New VehiclesAvailableAvailable
Pre-Owned VehiclesNot AvailableAvailable
Vehicle CustomizationNot AvailableAvailable
Poor Credit FinancingNot AvailableAvailable
APR %Credit-BasedCredit-Based
OwnershipNo OwnershipPride of Ownership
Down PaymentSmaller Down PaymentLarger Down Payment
Monthly PaymentSmaller Monthly PaymentsLarger Monthly Payments
Savings/InvestmentShort Term SavingsLong Term Investment
Finance TermApprox. 2-4 YearsApprox. 3-6 Years
Maintenance & Repair CostsTypically IncludedNot Included

Nissan Lease and Finance Offers Near Austin TX

Cedar Park Nissan knows that choosing the right Nissan car and financing option is never easy. Our team of experienced Nissan lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location near Austin, TX. We look forward to serving you.


My husband and I were very pleased with our purchase. Our salesperson, Eduardo, was very informative and extremely helpful going above and beyond to get us in the car we wanted. We are not from the area, but we drove the 2 hours to Cedar Park to talk and deal with Eduardo. It was a pleasant experience in every way. Heather Miller was also very nice and helpful, taking time to ask us if we needed anything. Great customer service!

Customer: Christy Rodriguez
Date: 2020-08-11

I had an incredibly pleasant experience at this Cedar Park Nissan when buying my car. Jordan was extremely helpful and courteous with the car buying process. He has excellent customer service skills and went above and beyond in making sure we got the best deal and we were happy with our purchase. Thanks for being super caring! I would highly recommend anybody to shop at this dealership for their next car!

Customer: Gousia S
Date: 2020-08-09

Had a great experience thanks to Tony! Took longer than initially planned but to no fault of anyone here! Thankful for the consistent communication with updates for my car. My car is now in great shape and I’m more than happy with the overall visit and the service.

Customer: Brittany Blythe
Date: 2020-08-07

Oil change and alignment

Love taking my cars here for service. Tony is awesome, although I’ve never had bad customer service from any of their other advisors. Service is always top notch and complete in a reasonable time. I usually wait at the dealership since the facilities are great and I can camp out to get some work done while I wait. They have employed great COVID measures and I felt completely safe and comfortable while onsite. Thanks guys/gals!

Customer: DanA
Date: 2020-07-30

Andy was wonderful and got me in and out sooner than expected. When I went to check out, I was pleasantly surprised at the discounts that had been applied. They as well are taking excellent precautions due to COVID. I always have a great experience with Cedar Park Nissan. I miss seeing Pete though, he was the best!

Customer: Tracie McKee
Date: 2020-07-15