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1700 Siebarth Drive, Lake Charles, LA 70615
Buying or Leasing in Lake Charles, LA
Choosing between buying and leasing is no easy task. Let’s look at the pros and cons of each and help you decide.
Pros of Leasing
Lower monthly payments. This is because you only pay for the depreciation over the lease term, which can be as low as half the cost of buying.
Factory warranties usually last the entire lease term, making for a more hassle-free experience and lower maintenance and repair costs.
You get to drive a new car each time you lease a new vehicle.
Cons of Leasing
You will be out of a car at the end of the lease term. If leasing cars back-to-back, this may become more expensive than outright buying.
You may not modify the car or drive it past a certain mileage limit. The car must also be in good condition when returned to the dealership.
You must purchase premium insurance to cover the leased vehicle.
Pros of Buying
Ownership pride. How important this is depends on each individual.
No limits on what you do with the vehicle. You can drive it as far as you want or modify it as you please.
Can be cheaper, but only if you buy used and resell later on, or if the car is driven until it is past the point of use.
Cons of Buying
Higher monthly payments.
Warranties will eventually expire and maintenance/repair costs may become a concern.
You’ll have to worry about depreciation if you intend to sell.
Make sure to talk to our Finance Department at Nissan of Lake Charles if you still need help finding the right choice between buying and leasing! If you know which option sounds best for you and are ready to pick out the perfect Nissan, be sure to check out our great inventory!