Leasing Vs Financing
Leasing vs. Financing in Woodbridge, Ontario
Many wonder if financing or leasing their next vehicle is the right choice, but in reality, it depends on the needs and wants of each person. At Alta Nissan Woodbridge, we offer the best financing and leasing services, giving you the assistance of our experts to find the option that works best for your specific situation.
Leasing vs. Financing A Vehicle Overview
When you lease a vehicle, you are essentially paying to use it for a fixed period under agreed-upon terms and conditions. As for financing, you will be the owner of the vehicle, and you are free to perform any customizations you want, and you get to keep it for as long as you wish.
Benefits Of Financing
For financing, you will have a vehicle you own without limits on how much you can drive it or how you choose to maintain and repair it. You can sell or trade in your financed vehicle at any point, giving you equity back that you can use towards paying off the vehicle loan. With financing, you can also opt for a longer financing period to have lower monthly payments.
Benefits Of Leasing
The most significant benefit of leasing is that you will enjoy lower monthly payments than financing, all while having a new vehicle every few years. With technology advancing rapidly and vehicles adopting new safety features, leasing a vehicle is a great way to keep up with the newest and latest releases without worrying about reselling a vehicle to upgrade.
If you are interested to know more about the leasing and financing options available for your specific situation, make sure to contact us, and our friendly associates will gladly walk you through everything you need to know. For customers who are currently financing a vehicle and want complete peace of mind during their ownership, book your service appointments with our Service Centre.