When it comes to driving home in a new Nissan, one of the biggest decisions is how to finance it. The two main options are getting a loan to purchase the vehicle or leasing it for a pre-determined period. Let's take a closer look at each option and the benefits it provides.
Nissan Loans
Getting an auto loan lets you own your Nissan outright. You'll make monthly payments over a set term, usually three to six years, after which the car is yours. One advantage of a loan is that there are no mileage restrictions. So, if you frequently take long road trips from Toledo to Detroit, you don't have to worry about extra fees. Getting a loan also allows you to customize your vehicle however you like by adding accessories or modifications.
At the end of the loan term, you have a fully paid off vehicle and can continue driving for years. You can also sell or trade it in, using any equity toward your next Nissan. Many drivers in the Ann Arbor area prefer the long-term benefits of ownership that a loan provides.
Nissan Leases
Leasing a Nissan, on the other hand, means you're essentially renting the vehicle for a set period, usually two to four years. One major benefit is that monthly lease payments are typically lower than loan payments. So if you're looking to drive a nicer, higher-end Nissan while sticking to a budget, leasing could be a great option.
Lease terms also tend to be shorter than auto loans. That means you can get behind the wheel of a new Nissan more frequently, enjoying the latest designs and technologies. Drivers in Findlay seem to appreciate being able to upgrade to a new vehicle every few years.
When you lease, the dealership handles maintenance and repairs during the lease period, as long as you stay within the mileage limits. For folks in Sylvania who want a predictable monthly payment and less responsibility for service, leasing could be the way to go.
Apply Online To Get Started
Whether you decide that a loan or lease is right for you, Yark Nissan makes it easy to apply online and get pre-approved. Our finance experts are here to discuss your options, answer any questions, and help you find the right Nissan financing solution.
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Finance