Sometimes, you want a new vehicle from Napoli Nissan, but you don't have the cash. That's why we offer our customers leasing and financing options. If you can't decide between them, here are things to consider before visiting us.
Mileage
Your lifestyle and the number of miles you drive are important factors. When you lease, the mileage is restricted, and you must pay for exceeding the limit. Financing may be the better option if you travel often or commute a good distance to work.
Monthly Costs and Fees
Whether you finance or lease, there are down payments and other fees due at signing to consider. If you have a smaller monthly budget, leasing commonly costs less than financing, though it requires extra upfront fees.
Financing may be the better option if you have the budget and can make a sizable down payment. Many dealers allow you to prequalify to determine what amount they can lend you without lowering your credit score.
Ownership
If you prefer to own the vehicle without restrictions for driving, financing may suit you. At the end of the loan term, you own the vehicle, which means you can sell it or trade it. If you only want something temporary or don't want the hassle of selling, leasing is possibly the best option.
Credit Score
A good credit score is often required for leasing or buying, and it can help you get better offers. While you may qualify for some offers with a lower score, you commonly will pay higher rates.
If you can wait on a new vehicle, work on building your credit to get the best financing deals. If you can't wait on building your credit score, consider a cosigner or buying a less expensive vehicle.
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Finance