LEASE VS. BUY

Auto Loan or Lease, Which is Right for You?

Here at Modern Nissan of Concord, we know that purchasing any car is a big investment. In fact, it's one of the biggest financial decisions that most people make. That said, there two main options that people go with when financing a car: buying and leasing. And one of the most common questions that we hear is, "which one is right for me?" Because we're committed to ensuring that you have a great car-buying experience when you shop with us, we've outlined what buying and leasing means in a quick and easy guide below. Look it over, and if you have any questions, feel free to come see us. We'll gladly give you more information so that you can make the an informed decision when it comes to your next car.



Benefits

  • Pay taxes on your next car over time, not all at once at the time of purchase.
  • Because you're only paying for the deprecation of the vehicle, lease payments are typically lower.
  • When the lease term is over, you're free to either purchase the vehicle for a previously agreed-upon price or choose another vehicle entirely.
  • Repairs costs for leased vehicles are lower since the lease term covers the manufacturer's warranty.

    Leasing is the way to go if you drive on a set schedule and love upgrading to a new car every few years. What's more, you always have the option to purchase your car as well.
 


Benefits
 
  • You outright own the vehicle at the end of the payment schedule.
  • You have the complete freedom to add accessories and other modification options to your car.
  • Purchasing a car is less expensive in the long-term, but payments may be higher in the short-term.
  • You have complete flexibility to sell your car whenever you want.
  • There's no set mileage limit, which is great if you're the type to take unexpected road trips or simply have a longer commute.

     Going with a car loan is the right choice if you're looking to build equity over time and you know what kind of car you want to have for the long run.


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Contact

Modern Nissan of Concord

967 Concord Pkwy South
Directions Concord, NC 28027

  • Sales: (888) 318-6196
  • Service: (877) 831-6397
  • Parts: (877) 784-4289

Hours

  • Monday 9:00am - 8:00pm
  • Tuesday 9:00am - 8:00pm
  • Wednesday 9:00am - 8:00pm
  • Thursday 9:00am - 8:00pm
  • Friday 9:00am - 8:00pm
  • Saturday 9:00am - 6:00pm
  • Sunday Closed