Buy vs. Lease
Which financial option is best for you?
Should I Buy or Lease My New Nissan in Holly Springs, GA
If you’re deciding whether to purchase or lease a new Nissan, we’re here to make it easy. Each financial option has its own pros and cons that are listed in the table below. Here at Cherokee County Nissan, we also make it easy to get pre-approved for credit and estimate your monthly payments online so you can save time when you visit us in person. All of these tools will help you feel prepared and confident when it’s time to sign on the dotted line. Let’s get started — check out the chart below to learn whether purchasing or leasing is a better option for you.
| How Do Car Loans & Leases Differ? | Loan | Lease |
|---|---|---|
| Path to Ownership |
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| Upfront Costs |
Cash price or a down payment, taxes, registration, and other fees. |
First month’s payment, refundable security deposit, acquisition fee, down payment, taxes, registration, and other fees. |
| Lower Monthly Payments |
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| Customization Allowed |
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| Covered Under Warranty |
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| Future Value |
All vehicles depreciate, but you'll have equity when trading or selling. |
The future value doesn't affect you. |
| Unlimited Mileage |
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| Fees for Excessive Wear and Tear |
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| Fees for Early Termination |
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| End of Term |
You'll have full equity to do what you want with the car. |
Purchase the vehicle, or buy or lease another car. |
| Vehicle Return |
Sell or trade. |
Return the vehicle at lease-end and pay any applicable fees. |
Why Purchase a New Nissan?
When you purchase a vehicle, you have total freedom to do what you want with it. As you make monthly payments, your equity increases, and by the time you pay it off, you’ll have 100% ownership of the vehicle. You won’t have to worry about fees or mileage restrictions, and you’ll benefit from warranty coverage. No matter how you want to customize your ride, you can do it — whether that means adding a premium sound system, installing new wheels or a spoiler or just adding bumper stickers. Once you’re ready to upgrade, you can trade in or sell your vehicle to a dealership like ours (which will ultimately lower the cost of your upgrade). The cons of buying a car include higher monthly payments (when compared to monthly lease payments, although this will depend on your specific credit score and down payment). Additionally, once your warranty expires, you’ll be responsible for the cost of all maintenance and repairs.
Why Lease a New Nissan?
Leasing has become more and more popular over the past few years. As new car prices have risen, more drivers have been drawn to the lower monthly payments that come with leasing. Once you lease a new vehicle, you’ll get to drive it during the most hassle-free, low-maintenance years of its life. Plus, you’ll likely be covered by its new vehicle warranty throughout all or most of your lease term. Once your lease ends, you just have to return your model to the dealership and pay any fees you owe — it’s quick and easy. When it comes to cons, keep in mind that leasing comes with annual mileage limitations, and if you exceed the agreed-upon mileage, you’ll be charged a fee. You aren’t allowed to customize, and you have to pay fees for any wear and tear you cause to the vehicle.
If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us or visit Cherokee County Nissan at 101 Harbor Creek Pkwy, Holly Springs, GA 30115 . We look forward to serving customers near Canton, Woodstock, Kennesaw and Marietta.
*Visit Consumer Reports’ page for more information on whether you should buy or lease.