Nissan Lease and Finance Options Explained

Nissan Lease and Finance Options Explained

Posted on March 15, 2020

When it comes time to get a new vehicle, you have more than one option. You can go with leasing or financing your new vehicle. However, you may be wondering which way is best for you. The answer to that question depends on your circumstances, since either option is doable. Let's take a look at Nissan lease and finance options available in Calgary.

How Does Nissan Financing Work?

Financing a new car is likely a familiar method to you. It's the way a lot of people get a new car. When you finance, you build equity and eventually own the vehicle. Payments are made on a monthly basis and last anywhere from 3 to 6 years. The average monthly cost to finance a vehicle is approximately $479 - $530 a month. Of course, the type of vehicle you choose will make a difference.

When you finance a vehicle, even though you are making monthly payments on it, you are considered the owner of it. That means you can drive it as much or as little as you want. You can add aftermarket products to it, and you don't need to worry about it.

What are Nissan Leasing Options?

When you lease a vehicle, you take possession of it but there are a few stipulations. You are expected to keep the mileage at or below 24,000 km a year. If you do happen to go over, there will be a fee. You'll need to check with the dealership about the exact amount.

You also can't add any aftermarket products to it, because you are just leasing it for a period of time. Your contract will spell out the exact amount of time whether it's a one- or two-year contract. The contract will also tell you how what situation the car must be in when you return it. Also, you cannot break the contract without penalties.

There are many benefits to leasing though. At the end of the period, you can give the car back and get a new one again. It allows drivers to stay up to date with their ride. And, there is the option to buy the vehicle at the end of the lease.

Another difference between leasing and financing is that financing is usually easier to do if you have any credit issues. However, some dealers require a 20 percent down payment on the purchase.

Nissan Lease Offers

Lease the newest and hottest Nissan models. Whether you desire an Altima with its smooth, sleek style or a Micra with its personality-filled design, leasing will put you in a new vehicle today.

If you need more space, then consider the Kicks, Rogue, or Murano. These SUVs are stylish and spacious, allowing you to stretch out and enjoy those countryside drives.

Whether you are thinking about a Nissan Finance in Calgary or looking to lease a Nissan, let Royal Oak Nissan give you a hand. Our special financing and leasing department is ready to guide you through the process of securing your next vehicle. Stop by and take a look at what we have to offer!