Buy vs Lease | Sarasota FL
Are you familiar with the advantages of both purchasing and leasing a car? Do you know the difference between the two or which option is best for you financially? Here at Gettel Nissan, we understand that the decision to buy or lease a new vehicle is a big one, so we’ve done some research on your behalf. We gathered the pros and cons of each option to help you decide. If you happen to have further questions, our finance team is here with answers. To learn more about the advantages of buying or leasing, keep reading!
Why Lease
a Vehicle?
Minimal Upfront Cost
When you lease a new vehicle, you’re essentially agreeing to make monthly payments with the knowledge that you’re going to return the vehicle to the dealership at the end of your agreed lease period. It’s basically renting for a set period of time, so your financial responsibility and monthly payments may be lower. And with our ever-changing new car specials, we run leasing options that sometimes require zero down payment to begin your contract. Upfront costs in a lease can be almost nothing.
Lifestyle Flexibility
Generally, leasing periods run anywhere between 24 and 60 months, allowing you to make affordable payments with shorter terms. You’re usually given around 12,000-15,000 miles per year to drive, but if you require more miles, you can purchase them at signing. With a lease, you have the ability to drive a brand new vehicle every few years, minus the hassle of trading or selling. Plus, you still have the option to purchase your Nissan at lease-end if you’ve fallen in love with it.
Warranty Protection
Because most lease periods last between two or three years, your new Nissan may still be covered under its original warranty for the duration that you drive it. And, if you purchase our Lease Excess Wear & Tear Protection Plan, you’re covered for minor, everyday dents and scratches. With a lease, you’re free from the burden of an owner’s financial responsibility.
Why Purchase
a Vehicle?
True Freedom
On the other hand, ownership is a big benefit of purchasing. Once you’ve paid off your vehicle, it’s yours to do whatever with. You can sell, trade or keep it for years to come. You have the freedom to keep your vehicle as long as you want and, like deciding which color paint for the walls in your purchased home, you can choose to customize your car to match your lifestyle. Ownership is a win-win investment that leasing isn’t able to offer.
Financial Flexibility
Despite the fact that most finance terms require a down payment, purchasing may be more fiscally responsible in the long run. You have more financing options than leasing, and you can choose to purchase the vehicle in full with cash or finance through us at Gettel Nissan or another lender. When you’ve completed your monthly payments on your vehicle, that money is secured when you keep your vehicle. It’s like a good return on an investment. With a lease, all that money you paid is lost when you return the car to the dealer, meaning you’ll have to start over again.
No Mileage Restrictions
Once you’ve finished paying off your vehicle, you’re totally in control. This means no mileage restrictions or fees if you go over, and you don’t need permission to leave the country with your vehicle like a lease requires. Ownership means total freedom from lenders, and the satisfaction of independence.
If you’re ready to be the proud owner or lessee of one of our new models, or are interested in learning more about your lease-end options, feel free to contact us online or visit us at 3530 Bee Ridge Rd, Sarasota, FL 34239. We look forward to serving customers from Sarasota, FL, near Venice, Port Charlotte and Bradenton.