Aug 2010 27

Lease or Buy from Boston Nissan

When you’re in the market for a new Nissan, you need to decide whether you’re going to buy or lease the car or truck. Which is better will depend on your unique situation and need for a car, but Nissan dealers in Massachusetts offer the following information to help you decide which the better option for you is:

Personal Priorities

Are you someone who prefers to drive in a new car every two or three years? Do you not want to concern yourself with major repair risks or long term costs of owning an aging car or truck? If your priorities lean more towards driving in a newer car – you’ll probably lean more towards leasing.

Do you like the idea of long term savings over a lower monthly payment? If you have the ultimate goal of owning a Nissan without payments at some point, buying a car allows you to make payments until the loan is paid off, and then you can continue driving the car payment free until you decide to get a new one.

Financial Considerations

Short term use of car – leasing a car for a short period of time will cost you less than buying the same car, for the same price, with the same down payment. A lease will run about 30% to 60% less than your loan payment.

Medium term use of car – if you plan on selling your Nissan at the end of the lease term, it would cost you roughly the same amount to buy or lease your car or truck.

Long term use of car – if you plan to keep a car for a long period of time, leasing will almost always cost more than just buying the car.