Buying vs. Leasing

As far as buying a new Nissan in Norfolk, NE, is concerned, drivers at Cornhusker Nissan have the option of buying or leasing their car. Each option has unique characteristics depending on your lifestyle, driving habits, and budgetary goals. Understanding the difference between buying and leasing will help you make a choice that meets your needs while enjoying the convenience, technology, and power of a new Nissan.

Buying a Nissan

Buying a Nissan allows you to own your vehicle right from the first day. This is the finest option for drivers who plan to retain their vehicle for several years since it gives long-term autonomy and control of the car's utilization. When you purchase a Nissan, you can drive as many miles as you desire, personalize it, and keep it as long as you want. The monthly payments may be higher than leasing, but once you paid off the vehicle, you no longer have to make recurring car payments, and you have an asset that can be resold or traded in the future.

One of the primary benefits of buying a Nissan is the long-term cost freedom it provides. After the vehicle is paid for, it's fully owned and can be driven without the need for monthly payments, which can help with budgeting and planning. The buyer also has total control over the vehicle, how it's utilized, altered, and serviced. Having a Nissan also allows for equity build-up, which can be applied to a purchase or trade-in on a future vehicle. For those who commute frequently or like to own a car for many years, buying offers long-term value and independence.

Leasing a Nissan

Leasing a Nissan offers another option, which suits drivers who wish to have lower monthly costs and independence to drive a new automobile more frequently. Leasing involves driving the vehicle for a set amount of time—oftentimes two to four years—then trading it in or returning it. Leasing is ideal for driving enthusiasts who wish to have the new Nissan technology, safety features, and style without being committed to owning the car long-term. Leases will have mileage and condition requirements, so be sure to compare your driving habits to decide if leasing is the way to go.

Leasing a Nissan provides several advantages for drivers who want newer vehicles and fixed expenses. Payments are generally lower than if the car were purchased, giving increased budgetary freedom for a vehicle with high-end features. Leasing also provides drivers with an option to switch to a new model more frequently, with access to newer safety and technology features. Leases for many vehicles include routine maintenance coverage, simplifying maintenance during the lease. This may be a good option for a person who likes the freedom of driving a new Nissan every other couple of years without the burdens of being an owner for an extended period of time.

Leasing FAQs

Lease payments are usually lower than purchase payments since you're only paying for the vehicle's depreciation during the lease, rather than the full cost of purchase.

Yes, most leases include an annual mileage limit, typically between 10,000 and 15,000 miles per year.

Exceeding the mileage limit normally has an over-mile charge, which is outlined in your lease contract.

Leased vehicles normally need to be returned to their original condition, so major modifications are not allowed without first obtaining consent.

At lease-end, you can return the vehicle, purchase it for a predetermined price, or lease a new vehicle.

Excess wear and tear is damage that's more than reasonable use, such as big dents, broken parts, or stains. Fees can be charged if the vehicle has such damage.

Gap insurance may be included or strongly suggested, as it would cover the difference between the value of the car and the remaining lease balance in case of a total loss or theft.

Take the Next Step

When you are considering leasing a Nissan in Norfolk, NE, Cornhusker Nissan will walk you through all your options. Our team is ready to reply to your inquiries, clarify lease contracts, and help you decide on a model and payment plan that works for you. Contact Cornhusker Nissan today to learn more about Nissan leases and schedule a test drive to experience it all firsthand.