Is Leasing My New Car a Better Option Than Buying?

February 28th, 2017 by
2016 Altima

 

Financing and leasing a vehicle are two different processes. Although they give the customer the same access to the automobile, leasing and auto loans serve opposite purposes.

Those who are taking out an auto loan to pay for a car are working their way towards the ownership of that vehicle. Their monthly payments are based on the interest rate that is applied to the overall loan, and also the amount of money the consumer is able to put down. The larger the down payment, the lower the monthly rates will be.

Leases are priced based on the usage of the automobile. A lease contract normally has lower monthly payments than an auto loan. Lessees are not responsible to a lender for the cost of payments. The customer can simply return the vehicle at the end of the contract.

Come into our dealership at Douglass Nissan Of Waco, and speak with an expert to find out if a lease or auto loan is the best option or you. Also, learn how often you need to change your oil!

Posted in Helpful Tips, Social