It's an exciting time to buy or lease a new Nissan. However, many of our customers approach our team with questions about whether they should finance or lease a new vehicle. While there is no right or wrong answer, there could be one that's a better fit for you than the other. We'll give you a quick look at the differences between the two so you can make a qualified decision about whether to lease or finance at Giles Nissan Lafayette.
Nissan Financing & Lease Options in Lafayette, LA
Nissan Finance Center in Lafayette
What Comes with Leasing a New Vehicle?
Leasing a vehicle means you'll have a little more freedom to drive what you want, when you want. With no long-term commitment, you're free to explore new Nissan technology and convenience on a more frequent basis. Here's a little more about your new Nissan lease.
Who Owns it?
The finance company that initiated your lease contract will own the vehicle throughout your term. It's similar to a finance deal, except once your contract is over, the vehicle returns to our dealership.
Can I Customize it?
Unfortunately, you cannot alter your Nissan lease in any way. The appearance, performance, and interior design of your vehicle must remain the same as they were at the beginning of your lease.
Are there any Restrictions
Outside of customizing, your lease term will have specific mileage restrictions. You will set these restrictions at the origin of your lease term.
Is it More Expensive than Financing?
Leasing your vehicle is generally less expensive than financing. That's because you will not pay the full depreciation of your vehicle. You'll only pay the depreciation that happens during your lease.
What Happens at Lease Maturity?
Once your lease contract ends, you will schedule a final evaluation. During this time, a Nissan expert will inspect your vehicle to ensure it is at or below your restricted mileage.
What Comes with Financing a New Vehicle?
Traditional financing will also give you freedom, but in a different way. Your freedom comes through financing. You will have the privilege of stretching your loan for lower payments or shortening your term for a lower APR. Here's what else comes with financing your new Nissan.
The bank will own your vehicle until you make your final payment.
Absolutely. You're free to alter your performance, tint your windows, upgrade your wheels—whatever you want to do to make your vehicle "yours" is well within your limits.
Yes. You will need to pay for your vehicle on the set date each month. Outside of that, there are no mileage restrictions involved.
Financing is generally more expensive than leasing. You'll pay the full depreciation of the vehicle, and your interest rate will add more on top.
Once you make your final payment, the bank will send you the title, and you will be the official owner of your Nissan.
New Nissan Inventory and Financing
If you want to finance or lease a new Nissan, our inventory is full of top-tier options. From the new Nissan Pathfinder to the Nissan Sentra, you can find fuel-efficient options or spacious SUVs. We also have new Nissan specials to help reduce the MSRP even more. At Giles Nissan Lafayette, we're here to help you find a great lease or finance deal for your new vehicle near Scott, LA.
Giles Nissan Lafayette
Do you want to finance or lease your new Nissan near New Iberia, LA? You can complete your online application and enjoy a smoother buying experience from start to finish. We've helped hundreds of customers from Breaux Bridge, LA, to Abbeville, LA, lease or finance a great vehicle. Now, it's your turn. Contact us today. We can't wait to help you get behind the wheel of your favorite Nissan.
How Can We Help?
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Giles Nissan Lafayette
6137 Johnston Street
Lafayette, LA 70503
- Sales: 337-210-9001
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