Leasing and financing a car offer unique benefits. So, how do you know which option is best for you? Our team here at Dartmouth Nissan created this lease vs. finance guide to help you decide.
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We proudly serve drivers throughout the Dartmouth, New Bedford, and Fall River, MA, areas. If you live or work near here, learn more about how we can help you lease or finance your next car today!
When you lease a car, you rent it for a certain period. This means you sign an agreement that outlines specific requirements, such as mileage, maintenance, and term length. Financing a car typically involves taking out an auto loan and paying it off in monthly installments until you officially own the vehicle.
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In the table below, you can see a few of the other core differences between these two options:
| Lease | Finance |
| Long-term vehicle rental | Vehicle ownership |
| Warranty coverage included | Option to add warranty coverage |
| Requires a down payment | Requires a down payment |
| Requires monthly payments | Requires monthly payments until the auto loan is paid off |
Depending on your top priorities, leasing and financing a car can both be economical options.
Leasing a car offers lots of flexibility. It is also a great option for those who want to drive a new car every few years. Leasing typically requires a lower down payment and monthly payments compared to financing the same model. It may enable you to drive a newer vehicle or a higher trim level.
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If your priority is to stay ahead of the curve when it comes to automotive technologies, leasing could be the ideal option for you.
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When you finance a car, you make a long-term investment. You have the freedom to personalize the vehicle to suit your needs and preferences. Down the road, your automotive needs may change. You may want to drive a different type of vehicle. You can sell or trade it in at a dealership.
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If you want to drive as many miles as you want and need, financing is likely the best option for you.
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If you are still considering your options, you may find it helpful to reflect on your short- and long-term automotive goals. To do this, ask yourself the following questions:
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If you decide to lease a vehicle, you
will have the option to finance it when your lease term comes to an end. That
way, you can determine whether you want to invest in a specific make and model.
To begin your journey, browse through our inventory online and schedule some test drives. One of our experienced leasing and financing associates will be able to answer any questions you may have and help you secure a fair payment option.
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Ready to lease or finance a car, truck, or SUV? To get started, contact us at Dartmouth Nissan to speak with an associate. You can also schedule a test drive near Dartmouth, New Bedford, and Fall River, Massachusetts, today!