Finance or Lease: Which One is Right for You?
At Harr Nissan, financing your next vehicle is easy. We offer an easy online process and numerous options for you to score a great deal on a new or used vehicle from our inventory. Two of the primary options are financing and leasing. At Harr Nissan, you can apply for financing or leasing online or stop by our Finance Center to review your options. Financing and leasing both offer excellent benefits and advantages depending on your driving needs and financial goals. Our experts break down the common advantages and differences to help you decide which is right for you.
Benefits of Leasing
Leasing is only available for new vehicles. With a lease, you pay monthly for the selected term and return the vehicle at the contract's expiration date. Leasing typically offers lower monthly payments than financing, but there are mileage restrictions, and you must keep the vehicle in great condition to avoid wear and tear charges. Here are some reasons you might choose to lease rather than finance:
- You want the lowest monthly payment possible
- You drive fewer than 15,000 miles annually
- You want to avoid costly repairs or extensive maintenance
- You like upgrading to a new vehicle every few years
Benefits of Financing
Financing is the most common way drivers choose to pay for their vehicles. That's because financing allows you to own your vehicle without paying a lump sum of cash up front and is available for new and used vehicles. You can borrow the money from a lender and pay it back monthly. However, you typically must pay a large down payment to get the same low monthly payments that a typical lease can offer. You should consider financing if:
- You want the freedom of ownership with no mileage restrictions
- You want to be able to sell or trade at any time
- You want to build equity and use the value of your vehicle at resale or enjoy driving payment-free once the loan is paid
- You like to keep your vehicles longer than five years
Why Choose Harr Nissan for Financing or Leasing Solutions
No matter which option you choose, we have an easy application process and personalized options to help you get the most from your vehicle with convenient payment options. Financing and leasing can both be great options for many drivers. If you are still unsure which is right for you, let our finance team provide a side-by-side comparison of the costs.
Apply Online or Visit Us in Aberdeen, SD
Get started with financing or leasing by submitting your application online. It will save time at the dealership and ensure a smooth approval process, no matter which option you ultimately choose. We are committed to making car shopping an easy and enjoyable experience. Contact our Finance Center at Harr Nissan to review your options now.
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Harr Nissan
4255 6th Ave SE
Aberdeen, SD 57401-0900
- Sales: (605) 225-3078
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