Buy vs. Lease Your New Vehicle | Hendersonville NC | Serving Asheville, Waynesville & Spartanburg

Buying vs. Leasing Your New Vehicle in Hendersonville, NC

If you’ve been dreaming of a new car, there are several ways that you can get one. Buying and leasing are two very different avenues to take to get behind the wheel of a new car, and both options work for different people with different lifestyles. Depending on what you value more, one choice may stand out above the other. Here at Hunter Nissan, we don’t care which you choose, as long as it’s the right one for you. Keep reading to find out if buying or leasing makes more sense for you.

WHY LEASE A VEHICLE?

Freedom of Choice

Freedom and flexibility are the upfront benefits of leasing your vehicle. When leasing, customers have the option to drive a new vehicle every few years if they choose, and postpone the purchase decision without the inconvenience of having to sell or trade their vehicle.

Flexibility

Leasing terms most often last between 24 and 60 months. With shorter terms, you can make more affordable payments. You're also able to choose your mileage. Lessees are normally given 12,000 or 15,000 miles per year, but if you need a higher mileage limit, you're given the choice to purchase more miles at signing.

Lower Payments

Since you're simply purchasing the right to drive the vehicle for a specific period of time, your financial responsibility and monthly payments may be significantly reduced. Also, if you're not ready to put down a large down payment, then leasing may be better for you, as there are leasing options that require $0 down.

Hazard-Free Driving

Because most leases last for two to three years, your vehicle is usually covered with warranty protection for as long as you have it.

True Convenience

When your lease ends, you simply return the vehicle and pay any remaining fees (such as for excess mileage or wear and tear) and taxes. If you don't want to part with your vehicle, you can also take the opportunity to purchase it at a predetermined price. In either case, there's no need for you to sell it or trade it in unless it benefits you.

WHY BUY A VEHICLE?

Ownership

Ownership is a major perk of buying instead of leasing your next vehicle. If you are looking to keep your vehicle for a longer time frame, then buying is the better option for you. Plus, choosing to buy rather than lease provides you with the option to customize your vehicle to match your lifestyle.

No Mileage Limitation

When financing your vehicle, you're responsible for the miles you travel and don't have to adhere to any mileage restriction. Leasing requires that you calculate in advance how many miles you'll drive each year. Ownership gives you the freedom to drive as much and as far as you desire without collecting fees.

Payment Flexibility

If you opt to purchase your vehicle, you can choose to finance or buy it outright with cash. If you pay with cash, you become the owner of the vehicle right away and don't have to stress about monthly payments. If you choose to finance, you have an extended period of time with a loan to pay off the vehicle. For the best outcome when financing, we strongly recommend that you acquire affordable, dependable and competitive rates, like what we offer here at John Roberts Nissan.

True Freedom

When you complete your payment schedule, typically in four to six years, you own your vehicle. You can keep driving for as long as you like without any further payments, or sell or trade it at any time. Once you own the vehicle, you are no longer making monthly payments, which means you could potentially place those same funds toward your savings.

If you happen to have any questions or would like to get to know us more, come visit us in Hendersonville, NC, drop by Hunter Nissan at 1340 Spartanburg Highway, Hendersonville, NC 28792. We look forward to serving our customers from Asheville, Waynesville and Spartanburg.

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