Should I Buy or Lease?

lease or buy vehicle

“Should I buy or lease?” That’s a common question among Pilot Mountain,NC and North Wilkesboro, NC drivers looking for a new vehicle, and it’s an important one. You’ll find factors as diverse as monthly payments and mileage limits affected by your choice, so the team here at Simmons Nissan have put together a quick overview to help you decide on the right option to fit your needs and lifestyle in Hillsville, VA and beyond.

Why You Should Consider Leasing Over Buying

  • Lower Costs: Since you’re not covering the vehicle’s entire value, monthly payments, down payments, and insurance payments are lower when you lease. You’ll also pay less sales tax.
  • Convenient Upgrading: At the end of your lease term, simply visit Simmons Nissan to get yourself in the latest model with minimal fuss and bother.
  • Warranty Coverage: As long you don’t exceed the mileage limit, everything is going to be covered by the bumper-to-bumper warranty.
  • Modern Tech: The freedom to upgrade very few years means you’ll never be too far behind the latest technology. That affects everything from safety features to efficiency.
  • Higher Approval Rate: If you’re worried about getting denied for a car loan, a lease might be the answer.

Why You Should Consider Buying Over Leasing

  • Build Value: Buying is more expensive upfront, but payments actually go towards owning the vehicle. Once it’s paid, you can either sell it or keep driving with monthly payments of zero.
  •  More Financing Options: Those with good credit can enjoy flexible financing terms, plus the option to lower their interest rate and monthly payments by refinancing the loan.
  • No Restrictions: Buying means being able to drive as many miles as you want, make any cosmetic changes you want, and even make mechanical changes.
  • Sell When You Want: Whether you want to sell after a month or a decade, there’s not going to be a contract in place saying you can’t.

Explore the Ins and Outs of Buying vs Leasing Further with Simmons Nissan

Whether you need help estimating your monthly payments or want to value your trade, the finance team at Simmons Nissan can be of assistance. Feel free to get in touch today.

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1994 Rockford St • Mount Airy, NC 27030

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Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-5:30pm

Open Today! Parts: 7:30am-5:30pm

Simmons Nissan 36.480911, -80.6164464.