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5650 S I-35E, Corinth, TX 76210
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Auto Buying vs Leasing a new Nissan



Auto Lease vs Buying a Car At Mac Haik Nissan

When it comes to buying or leasing a car, the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful.

When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car, you pay for only a portion of the vehicle’s cost, which is the part you use during the time you are driving it.



BUYING

Who Owns It

Whether you pay for the car with cash, or finance it and make monthly payments, either way it’s yours. Of course, if you’re financing it, you’ll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don’t, they have the right to repossess it.

Up-front Costs

If you’re financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender’s requirements and your credit score.

Future Value

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

End of Payments

Once you’ve paid off what you owe on your contract, that’s it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.




LEASING


Who Owns It

You do not own the car when you lease. You’re paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.

Up-front Costs

Leases often do not require any type of a down payment. All you usually have to pay is the first month’s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.

Future Value

In most leases you don’t end up owning it so you don’t end up selling it. That’s the financial institution’s job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

End of Payments

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we’ll make sure you have your lease set up the way you want it.

Best Cars to Lease

The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.

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Welcome to Mac Haik Nissan

Mac Haik Nissan is a Corinth Nissan Dealership located at 5650 S I-35E, Corinth, TX 76210. Our new car vehicle line-up includes: Nissan 370Z, Nissan Altima, Nissan Armada, Nissan Frontier, Nissan JUKE, Nissan LEAF, Nissan Maxima, Nissan Murano, Nissan NV Cargo, Nissan NV Passenger, Nissan NV200 Compact Cargo, Nissan NVP, Nissan Pathfinder, Nissan Rogue, Nissan Rogue Sport, Nissan Sentra, Nissan Titan, Nissan Titan XD, Nissan Versa, Nissan Versa Note, Nissan Versa Sedan. We have 368 new cars and 1488 used cars for sale. Be sure to take a look at our new car specials and used car specials to find amazing deals on amazing vehicles. We buy and sell quality used cars. We sell Nissan parts and accessories. We service and repair all Nissan models. Our finance department provides car loans, auto financing, vehicle leases and credit repair financing. For more information, call (940) 270-9000 or stop by today!

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