Buying vs Leasing - Do You Know the Difference?

There are hundreds of drivers who travel out from Woodbridge, Linden, and beyond to Sansone Nissan. However, when they finally arrive at our Woodbridge dealership, we often find that they are many folks who are unfamiliar with the difference between buying and leasing. Fortunately, if you are reading this blog, then you have the opportunity to learn about each option and plan ahead, making your experience of getting a new car so much easier!

Main Points of Buying a New Car

When you opt to buy a car, you are making payments so that you can claim complete ownership. While monthly payments on an auto loan are higher as a result, you will have the freedom to drive and modify your vehicle because you alone are the owner. For instance, if you are an individual who enjoys traveling out of state for vacations, then it would be better for you to purchase your model so that you do not get fees for going over mileage. You can also trade your vehicle for another at any time because you are not bound to a contract for a set number of years.

Main Points of Leasing a New Car

Now, when you opt to lease a car, you are making payments to a dealership so that you can basically borrow it from the dealership for a few years. Payments are much lower for this very reason. However, you will have to stay on top of maintenance and not exceed a mileage limit as described in your lease agreement. In doing so, you have access to the latest models! This option is also great if you are unsure on which vehicle to keep because you can always exchange it for another once your contract ends. That means you can try a variety before you decide on the one you want to purchase.

Ready to Make Your Decision?

If you feel you are ready to decide whether to buy or lease your new car from Sansone Nissan, then we encourage you to visit us today at 90-100 US HWY 1 North in Woodbridge, New Jersey. Otherwise, feel free to call (888) 437-7763 for more information. Our team is dedicated to making the dealership experience as easy as possible for our friends and neighbors around Perth Amboy and Elizabeth.