Should I Buy or Lease?

young couple making a deal at dealership

Is it time to upgrade your Jefferson County commutes with a shiny new vehicle? You might be stuck on the question, “Should I buy or lease?” When you compare the option to lease vs. buy, you’ll want to consider your personal requirements, your budgetary limits, and what you ultimately want from a vehicle. Explore the advantages of leasing and buying with Suntrup Nissan to get started!

Pros of Buying

  • Zero Mileage Limits: If you frequently drive from St Louis to Ballwin with plenty of stops along the way, you’d do well to consider buying. You won’t be held back by the mileage restrictions that go along with lease agreements, freeing you to drive as much as you please.
  • Complete Ownership: Of course, when you buy a vehicle outright, it becomes 100 percent yours to own. This allows you to do with your vehicle whatever you please.
  • Personalization: Thanks to the total ownership aspect, a car you’ve bought outright can be modified as you wish. Whether you want beefier tires or a holographic paint job, there’s nothing holding you back.
  • Ability to Sell: Without a lease agreement holding you back, you’ll be able to sell your vehicle whenever you’d like.
  • Financing Options: Some St Charles shoppers believe leasing is nothing but a headache. While this isn’t truly the case, financing a car does tend to be a bit more straightforward and is typically open to individuals who have a less-than-stellar credit score. Buying also allows for refinancing in the future, awarding you with a lower interest rate and lower monthly payments.
  • Less Cost Over Time: Buying a new car is more expensive than leasing a new car during the initial process, but it tends to be more manageable in terms of cost over time as you pay off your loan. Total ownership means your vehicle becomes less expensive to own the longer it’s in your possession.

Pros of Leasing

  • Lower Payments: Monthly payments and down payments are both noticeably lower when you choose to lease instead of buy a vehicle.
  • Less Sales Tax: Most states put a far lower sales tax on leased vehicles. In fact, depending on where you live, you may only have to pay tax on however much you put forth in your down payment, as well as for your monthly payments.
  • Trade-Ins: When your lease agreement ends, finding your next vehicle couldn’t be simpler: Just head to your dealership, settle any lingering fees, and head home to Oakville in your next leased vehicle.
  • Great Coverage: Tired of stressing every time another 5,000-mile interval rolls around? When you lease a vehicle, warranty coverage will quell your worries. So long as you don’t exceed your mileage limit, any issue that arises during your warranty will be covered.
  • Options: If you like to enjoy all the latest innovations in-vehicle technology, leasing is a great option. Every few years when your lease is up, you’ll be able to get behind the wheel of a model with up-to-date features. You can even take over another lease if you choose to do so.
  • High Approval Rate: It’s more likely that you’ll be denied when applying for a car loan than when you apply for a lease, and dealerships like Suntrup Nissan are always happy to work with shoppers who have bad or even no credit.

Lease or Finance a New Car at Suntrup Nissan!

We hope you’re feeling more confident in your decision to lease or buy your next new car. Remember that the option that works well for others might not work well for you; your decision should be based solely on your unique needs and financial limits. To get started today, browse our leasing and financing specials or apply for financing online, and don’t hesitate to contact us with any questions! We’d also love to help you learn about subjects like Nissan Intelligent Mobility.

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