Why You Should Lease To Buy

February 28th, 2024 by

Lease To Buy

You would love to have a brand-new Nissan in your garage, but you are not sure if it is financially smarter to lease or finance your next vehicle. If you are considering changing your vehicle in the next few years, then leasing a new Nissan may be the right move for you. There are many other benefits to leasing that you should know about.

Reduced Financial Pressure

You can enjoy driving around in a Nissan Pathfinder by paying a small monthly payment alongside a one-time down payment. You can use the saved funds on other financial needs Purchasing a new vehicle without leasing involves spending significantly more money for the down payment and frequent payments that most likely will be attached to an APR percentage.

Tax Liability Reduced

When you are buying a car, you will have to pay the tax on the entire cost of the vehicle. However, if you choose to lease the car, then you will only have to pay tax on the payment made by you. Your tax liability will be reduced.

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Should You Lease a Nissan

Flexibility

Normally when you buy a car, you will be stuck with it for many years as you progressively make payments in order to pay the car off to be completely yours. One of the main advantages of leasing is that it allows you to drive a car like the Nissan Altima for 2-3 years. You can purchase it if you like it once your lease is up, or go for another model after the lease has expired and not be attached to the same car for too long.

Loans

Most first-time car buyers will need a start a loan on their car in order to begin the process of purchasing a vehicle. A car loan usually requires meeting strict criteria that can change your payments depending on favors like credit score. You can easily avoid this hassle when you lease since leasing a vehicle means you do not fully own it.

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