How Do I Lease a Car?
As you start picking out your next car here in the Gulfport, Pascagoula, and Waveland areas, you may be doing a fair amount of thinking in regards to finance options.
Buying is great. However, if you're looking for a shorter-term commitment on a brand-new vehicle, leasing may be even better.
So, how do you lease a car? In this article, the Pat Peck Nissan team is going to show you.
What Does It Mean to Lease a Car?
While at one time leases were reserved mainly for luxury vehicles, these days, drivers can lease just about any new car (as well as some CPO vehicles, too).
So, you might be wondering, what exactly is a lease? Well, the answer is simple.
When you buy, you're taking the car home for good. That means that you have to pay for the full value, or MSRP of it.
In the case of a lease, however, you're only taking it home for a pre-determined amount of time (say a couple years or so). Since the car isn't really yours to keep, you don't have to pay the full value. Just the value of the depreciation that will occur while the car is in your possession.
Leasing Has Its Benefits
Since you're not paying for the full value of the car, your monthly lease payments will undoubtedly be lower than if you purchased outright. In and of itself, that is one huge benefit. However, you'll find many more when leasing.
- You can try different models. Since you're not committed to just one car for many years, leasing allows you to try several different models.
- Trade-ins are no hassle. When it comes time to trade in your lease, you should have no problem doing so. The contracts are designed so that you can hand the dealership back the keys and select a new vehicle in no time at all.
- You'll always have something new. By the time your lease is up, you might notice that some of the technology it includes is a bit outdated. Fortunately, you'll get to switch to some brand-new shortly (and so the cycle goes).
Our Financing Team Will Help
Now, you know all about how financing works. But how will you go about securing one for yourself? All you really have to do is sit down with our expert finance team. They'll walk you through the process.
Our financiers have years of experience under their belts, and they'll work with any driver, regardless of credit history. If you want to get started with them, just fill out an online finance application today. One of our team members will reach out to you shortly to get things moving.
Browse Our Inventory Today
If you're looking to spruce up your Gulfport, Pascagoula, or Waveland lifestyle, a shiny new lease is a great way to do so. And we have plenty of excellent cars in stock right now.
If you're ready to find your next car, browse the Pat Peck Nissan inventory online today!