• Sales: (877) 934-7284
  • Service: (888) 447-0185
  • Parts: (888) 328-1598

2005 Saint Michaels Dr Directions SANTA FE, NM 87505

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Finance vs. Lease

When you're deciding to get a new Nissan, you can choose between two ways to finance your vehicle. You can either choose to purchase the vehicle or lease it. A better understanding of how these two purchasing techniques will help you decide which method is the right one for you to do! It all depends on what you what from your Nissan and what you are most comfortable with. Our Nissan finance department in Santa Fe is here to help you decide whether to lease or to buy!

Buying Your Nissan

Benefits of Buying: Purchasing may be a great idea if you want more freedom on what you want to do with your car! For instance, you will not be tied down to annual mileage and can customize your vehicle the way you want! You will not have to trouble yourself about excess tear or wear that may accumulate on your Nissan. Albuquerque area shoppers can also take advantage of these Nissan financial incentives. If you do not want to keep the vehicle anymore, you can sell it at any time. 

Problems with buying: Buying your car will always require higher monthly payments compared to leasing. If you want to sell your vehicle, you'll have to worry about finding a buyer and negotiating the price you want. Finally, since you plan on owning this vehicle for a while, it will be hard for you to get newer vehicles with great technologies compared to leasing. Depending on the age of the Nissan you buy, you may not be able to use the warranties available. This means you will need to pay for the repairs that could come with your model.

Leasing Your Nissan

Benefits of Leasing: Leasing is a great option for those who want to drive newer vehicles with amazing features! When you lease a new Nissan, the payments will be lower compared to purchasing the car. You typically drive this car for a few years and get the option at the end to buy it or trade it in for a new one! Some people like this option because they will get to drive modern vehicles at a lower cost. Drivers typically do not have to worry about repairs on the car because you will always lease a brand new car. If your car does need a major repair (on the powertrain for instance), it should be covered by the warranty. In addition, you can trade in your Nissan and walk away without having to worry about selling the car.

Problems with Leasing: When you lease a car, you'll have to abide by annual mileage limits. If you go over these limits, you'll have to pay for exceeding the mileage. You'll also be responsible for any wear and tear that occurs to the car. You'll have to make sure you take good care of your Nissan or else the dealership will charge you for any damages they find. Furthermore, you cannot perform any modifications or customize anything on the vehicle. The Nissan needs to be in the same condition as you purchased it. Although you get to enjoy a potential new car at the end of the lease term, you will not have a vehicle to use as a down payment. 

There are advantages and faults with both methods! Based on your lifestyle, you need to decide if leasing or buying makes more sense. We encourage South Valley and Northern NM area shoppers to visit Fiesta Nissan as well! When you visit our dealership, our financial team is here to help you decide what is the best choice for you. Please contact us at (915) 412-6933.

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Hours

  • Monday 9:00AM - 7:00PM
  • Tuesday 9:00AM - 7:00PM
  • Wednesday 9:00AM - 7:00PM
  • Thursday 9:00AM - 7:00PM
  • Friday 9:00AM - 7:00PM
  • Saturday 9:00AM - 7:00PM
  • Sunday Closed

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Fiesta Nissan

2005 Saint Michaels Dr
Directions SANTA FE, NM 87505

  • Sales: (877) 934-7284
  • Service: (888) 447-0185
  • Parts: (888) 328-1598