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.


Our sales person was Jordan. He was awesome! We went to Cedar Park Nissan just to test drive a few vehicles. When we wanted some time to think it over and he had no problem trusting us that we would come back. We returned a few hours later and he was so happy to see us! My mom feels comfortable with the car she purchased and that's thanks to Jordan! Also shout out to Ken in finance who made us laugh and got us through all the paperwork quickly... even though his printer ran out of ink... and then paper. We highly recommend Jordan and Ken if your looking to purchase a new Nissan!

Customer: Heidi Casas
Date: 2021-01-09

Anthony (Tony) Bain did an outstanding job.

My service advisor Tony Bain does an excellent job. Keeps me informed got me taken care of 30 to 40 minutes ahead of estimated time and under budget.

Customer: Lance Bass
Date: 2020-12-13

Cedar Park Nissan service department oil change

Wonderful Service department, as always! An amazing deal on an oil change coupon, prompt service, very kind staff and always a welcoming environment. Thank you so much, Cedar Park Nissan!

Customer: Jaqueline
Date: 2020-12-13

Inelda was amazing! She was very patient and answered all of our questions honestly. She was completely transparent and was not at all pushy. She helped me get in a new vehicle that I was satisfied with and in my price range I was looking for. Ken in finance was also great! Very sociable and knowledgeable. If you think buying a car is overwhelming or simply want a smooth, hassle free deal, I highly recommend Cedar Park Nissan.

Customer: Heather Lucas
Date: 2020-12-12

Zane was awesome to deal with in service, he is very thorough and asks all the right questions when it comes to a drop off for your vehicle. Due to my issue with my vehicle which was in for service I explored newer options, I dealt with James, he’s amazing. If you’re looking for a new vehicle he’s your guy. Eddie was very professional as well, once I decided I would not be purchasing a vehicle he and James understood and did not push the issue. I’ll recommend this dealership everyday.

Customer: Charlie Bruscato
Date: 2020-11-30