When shopping for a new ‘Nissan’, one of the biggest decisions you’ll face is whether to finance or lease. Both options come with their own set of benefits, and the best choice depends on your budget, lifestyle, and driving habits. At Discovery Nissan, our expert finance team is here to help you make the right decision with competitive rates, flexible payment options, and a hassle-free credit check. If you’re wondering which path to take, this guide will break down the pros and cons of both ‘Nissan financing’ and leasing.

What Does It Mean to Finance a Nissan?

When you choose ‘Nissan financing’, you’re taking out an auto loan to pay for the vehicle over time. Once you finish making payments, the car is fully yours to keep, sell, or trade in.

Pros of Financing

• Ownership: Once the loan is paid off, you own the car outright.
• No Mileage Limits: Unlike a lease, you won’t have to worry about exceeding annual mileage restrictions.
• Customization: Want to add a spoiler, upgrade the sound system, or change the paint color? Financing allows for full customization.
• Long-Term Savings: While monthly payments may be higher than leasing, you’ll eventually eliminate car payments once the loan is paid off.

Cons of Financing

• Higher Monthly Payments: Since you’re paying off the full value of the vehicle, financing typically has higher monthly payments compared to leasing.
• Potential Depreciation: Your Nissan may lose value over time, which could impact resale or trade-in value.
• Repair Costs: Once your warranty expires, you’ll be responsible for repairs and maintenance.

What Does It Mean to Lease a Nissan?

Leasing allows you to drive a brand-new ‘Nissan’ for a set period, usually 24 to 36 months, while making lower monthly payments compared to financing. At the end of the lease, you return the vehicle to the dealership, with the option to purchase or lease a new model.

Pros of Leasing

• Lower Monthly Payments: Lease payments are generally lower than loan payments because you’re only paying for the vehicle’s depreciation during the lease term.
• Newer Models: Leasing lets you upgrade to a new Nissan every few years, ensuring you always drive a car with the latest features and technology.
• Warranty Coverage: Most leases include warranty coverage for the duration of the lease, reducing unexpected repair costs.
• Minimal Upfront Costs: Many lease agreements require little to no down payment.

Cons of Leasing

• Mileage Restrictions: Leases come with mileage limits, typically between 10,000 and 15,000 miles per year. Exceeding these limits may result in additional fees.
• No Ownership Equity: Since you don’t own the car, you won’t build equity, meaning you’ll always have a monthly payment if you continue leasing.
• Wear and Tear Fees: If the vehicle has excessive wear and tear when you return it, you may have to pay additional fees.

How to Decide Between Financing and Leasing

The right option depends on your budget, lifestyle, and long-term plans. If you want to own your vehicle and drive it for many years, financing is the way to go. However, if you prefer lower payments, driving a new Nissan every few years, and minimal repair costs, leasing might be a better fit.

At Discovery Nissan, we make both ‘Nissan financing’ and leasing simple. Our finance experts will walk you through the process, whether you’re looking for a low-interest loan or a flexible lease agreement. You can even apply for financing directly on our website for a hassle-free experience.

Visit Discovery Nissan for the Best Financing and Lease Options

If you’re ready to finance or lease your next ‘Nissan’, visit Discovery Nissan in Shelby, NC. Our dealership is open Monday through Saturday from 9 AM to 7 PM, making it easy to find a time that works for you. Explore our inventory, discuss your options, and let our team help you drive away in the perfect Nissan for your needs. Apply online or stop by today!