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Buying vs. Leasing: What's the Difference?

Buying vs. Leasing: What's the Difference?


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The fun part about shopping for new vehicles in Calgary is dreaming about the possibilities of every Nissan model you research and test drive. But understanding your finance options can be a lot less fun. We'll try to make it easier by explaining the basic differences between buying a new Nissan and leasing a new Nissan.

Buying a New Nissan

Not to state the obvious, but when you buy a new Nissan, you own it! You can drive it as much as you want, and make changes and alterations to your vehicle. Though monthly payments are generally higher, eventually monthly payments will end when you've paid off your loan. When you own your vehicle, you can resell or trade-in anytime you'd like. Buying is a great option for those who love to drive their vehicle for a long time.

Leasing a New Nissan

When you lease a new Nissan, the dealership actually owns the vehicle. Because of that, you don't pay full price, and only make payments for the duration of your lease term (monthly payments are generally lower, too!). Here's what so many love about leasing: you can upgrade to a brand new Nissan every time you sign a new lease! Leasing is a great option for those who love to upgrade vehicles every few years.

Do you have more questions? Contact the Royal Oak Nissan Finance Department, and we'll help you through the entire finance process. For now, arrange to test drive one of the great models in our new Nissan selection!

Categories: New Inventory, News, Finance