Should I Buy Or Lease?

If you are ready to drive a new vehicle around San Bernardino and Rancho Cucamonga, you have a big decision to make: whether to buy or lease. Both offer numerous advantages, so which is right for you? To help you make an informed decision, review the following guide from the finance experts at Empire Nissan. No matter what ends up being ideal for your driving needs, we are here to assist you. Our dealership in Ontario provides financing and leasing options, as well as a lease return center. Contact us to schedule an appointment, and let us know if you have any questions. 

Is It Better To Buy Or Lease A Car In Ontario? 

When you buy a vehicle to drive in Fontana, you can pay the entire purchase price up front. However, most drivers prefer to finance their new cars, trucks, and SUVs, which typically involves a down payment. Following this payment, you will make monthly payments for a set period, usually a few years. When you lease a vehicle, you also make a down payment and subsequent monthly payments, but you only pay for the vehicle’s depreciation during the lease term. Lease contract durations are often one to two years. 

So, is it better to buy or lease a car? That depends on factors such as your budget and how often you drive. 

Buying Vs. Leasing A Car To Drive In Rancho Cucamonga: Pros & Cons

What are the advantages and disadvantages of leasing and buying? Take a moment to review the following: 

Buying A Car: Pros

• Outright vehicle ownership
• Customization options
• Resale opportunities
• No mileage restrictions

Buying A Car: Cons

• Depreciation issues
• Higher down payment compared to leasing
• Higher monthly payments compared to leasing

Leasing A Car: Pros

• Lower down payment compared to financing
• Lower monthly payments compared to financing
• Lease return options, such as renewing your existing lease, leasing the latest model year, buying the vehicle, or returning the car to the dealership 

Leasing A Car: Cons

• Mileage restrictions
• Fees for exceeding the mileage limit
• Fees for excessive wear and tear 

Visit Our Lease Return Center Near Fontana 

Is it better to buy or lease a car? The answer depends on what suits your needs. If you are ready to buy or lease a new vehicle, contact our dealership to get started—call 909-740-6712 or message us online. Please let us know if you have any questions. For more helpful reads, review our guides on whether you can trade in a financed vehicle and return a leased car early.