Finance or Lease Your Next Car, Truck or SUV from
Coastal Nissan in Norwell, MA
Are you in the market for a new - or new used -
car, truck or SUV, but unsure of a) how much car you can afford, b) whether or
not you qualify for financing, c) whether it's better to finance or lease a
car, or d) all of the above? Whatever your question might be regarding the
purchase or lease of a new car, Coastal Nissan's finance center, located at our
Norwell, MA dealership, is here to help.
In addition to arranging great finance and lease deals on
thousands of cars, trucks and SUVs over the years, our finance specialists are
happy to make time to help prospective customers who are still at the stage of
just thinking about buying a new car. We consider any time
we spend with you an investment in what we hope will be a longer term
relationship. With that spirit in mind, following are a few tips on the
advantages of financing versus the advantages of leasing.
Consider financing a car if you...
- View your car as an investment or an asset. If you
like the idea of eventually owning your car free and clear and expect to have
it for more than five years, you'll probably want to finance. Not only will you
own your car outright, you'll receive the full trade-in or resale value of your
car when you eventually go to purchase a new own.
- Drive your car more than 15,000 miles annually. If
you or a member of your family regularly drive long distances - whether for
commuting to work, driving back and forth to school or visiting relatives, you
may want to avoid a lease deal, which usually has a "mileage cap" of
between 12,000 and 15,000 miles annually, or whatever the sum total of that
annual cap is over the length of the lease. If you exceed your mileage cap, you
can wind up paying a considerably mileage penalty at the end of your lease. If
you own your car, on the other hand, you can drive it as much as you want
- Like to customize or modify your vehicle. If
you're the type of car owner who likes to tinker with your vehicle - e.g., by
modifying the engine or installing an aftermarket audio system - you will want
to own your own car. Lease arrangements usually don't allow for those types of
Consider leasing a car if you...
- Prefer or need lower monthly payments. Lease
payments are typically lower than finance payments because you're only paying
for the use of your car during the length of the lease, along with an expected
depreciation that occurs during that time.
- Enjoy driving the latest and greatest model - or
at least something different on a regular basis. Lease terms are often shorter
in length - often as brief as 24-36 months. That means you'll only be driving
your current model for a relatively brief period of time, after which you can
turn it in and get a new lease on the newest version of your current car, or
try an altogether different model instead.
- Want to avoid the hassle and expense of
maintenance and repair costs. If you choose a lease term that coincides with
the length of your manufacturer's warranty, you're less likely have to worry
about dealing with the hassle and cost of repairs that inevitably arise as a
specialists at Coastal Nissan are here to help you with these decisions and
anything else related to the financing or leasing a new or certified pre-owned
Nissan or other used vehicle sold through our dealership. If you're seriously
considering buying a car, we invite you to fill our convenient online finance
application before you come in. That will save time for you
and help us help you determine how much car you can afford.