Buy Vs Lease

Buying Versus Leasing - The Benefits of Each

To buy, or to lease? That is the question. It's one of the great debates out there in the automotive world, and the experts here at Lithia Nissan of Bend are ready to reveal the advantageous choice for Bend, OR drivers. The answer is....

It depends.

That might not come as all that much of a surprise to you, but it really is the truth; both buying and leasing a new Nissan have their benefits, and at the end of the day, it really comes down to your individual needs, preferences, driving habits, and lifestyle.

In order to help you make the most informed decision possible, we have outlined some of the most common benefits of both buying and of leasing so that you can see for yourself which category sounds the most in line with what you're looking for the next time you're in the market for a new automobile. Let's take a look and see if leasing or buying makes the most sense for you.

Benefits of Buying:

• Get emotionally attached. If you like to hold on to your vehicle for at least five to ten years, buying is probably your best bet. When you buy, you own the car when the loan is paid off.
• Pride of ownership. Once you've paid off your car's monthly loan payments, the car is entirely yours--no more payments to include in your budget, and you have something tangibly yours at the end of the day.
• No restrictions on mileage. If you drive more than 12,000 to 15,000 miles per year, we'd suggest you opt for buying your next car.
• Freedom to make changes. Make changes to your car's appearance by altering both the interior and exterior to compliment your personal tastes.

Benefits of Leasing:

• Always get the best. When you lease, you do not purchase the automobile. Rather, you contract to use it for the first (and best) period of its lifecycle.
• Stay on trend. If you're someone who likes to always have a new car and loves staying on top of the latest and greatest trends in technology, leasing is definitely for you. Get a new car more often by leasing. An added perk is that you will always get the most up-to-date safety features, as well.
• Lower monthly payments. If the finance period is the same, your monthly payments when leasing will typically be lower than when buying. That's because the payments will be based on the vehicle's estimated depreciation.
• No resale stress. When your lease term is up, you need not worry about getting a good price for your trade-in. Simply turn in the car and walk away, or you can keep it if you've fallen in love.

To learn more about the buying and leasing processes and the advantages of each, stop by our Bend, OR dealership today and allow our knowledgeable auto finance team to give you the full run-down. We look forward to meeting you!