Lease vs. Buy

Should you Lease or Apply for a Car Loan?
Modern Nissan of Lake Norman is Here to Help you Decide


   At Modern Nissan of Lake Norman, we want you to be 100% satisfied with your purchase. That means not only will we help you select your perfect Rogue, Altima or Maxima, but help you choose the right financing plan as well. After all, we want you to be a customer for life. There are a variety of financing options - most can be defined as either a car loan or lease. We'll break down the benefits of each to help you decide.

 

 Benefits

  • With a lease, pay tax as you go, not all at once
  • When you lease, you end up paying for a percentage of the vehicle's price, not the whole thing. Generally, payments are lower for this reason
  • No long term obligations
  • Your vehicle's value is guaranteed at the end of the lease term (will not suffer from market depreciation)
  • Lower repair costs, covered by manufacturer warranty
  • You always have the option to purchase


A lease is the right choice for you if you have a good idea of your yearly mileage and you're looking to upgrade your ride every few years. And remember, you can always purchase your lease


 
 
 Benefits

  • You will own your vehicle outright at the end of your payment term
  • You can add accessories or modify your vehicle as you would like
  • Purchasing can be less expensive in the long run because you're building equity
  • You have the flexibility of selling your vehicle when it's right for you
  • No set mileage limit - great for those with long commutes or like to take road trips


A loan is the right choice for you if you value the eventual ownership in the vehicle and want more flexibility with mileage

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Contact

Modern Nissan of Lake Norman

18615 Statesville Road
Directions Cornelius, NC 28031

  • Sales: (888) 834-4507
  • Service: (888) 434-0833
  • Parts: (888) 471-6121

Hours

  • Monday 9:00am - 8:00pm
  • Tuesday 9:00am - 8:00pm
  • Wednesday 9:00am - 8:00pm
  • Thursday 9:00am - 8:00pm
  • Friday 9:00am - 8:00pm
  • Saturday 9:00am - 7:00pm
  • Sunday Closed