Choosing between leasing and purchasing a vehicle can be a difficult decision. However, each choice has its own benefits that can help you based off of your current financial situation. Some questions that you might want to ask to help you decide are; do I have enough money to pay this vehicle's full price? Will I have enough money to pay for this vehicle over time? Will I have enough money in the future to pay for this car’s needs over time? Everyone’s situation is different so here are a few benefits to consider for each choice.
Leasing a Vehicle: you’re able to generally have lower monthly payments, your warranty may cover general maintenance, and you can drive a new vehicle after the lease agreement has ended.
Buying a Vehicle: you are paying your monthly payments towards the eventual owning of the vehicle, you assume a value for the car once the loan is paid off, and you build equity with purchasing a vehicle instead of leasing.
As mentioned, there are multiple benefits to each choice. Whether or not you elect to go with buying or leasing is a personal decision. If you are interested in leasing or buying one of our vehicles, come down to Nissan of Meridian, in Meridian, MS.
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