Lease or Buy? in Charlottetown

Choose the Right Plan with Our Team's Help

A new Nissan vehicle at Centennial Nissan of Charlottetown can be leased or financed, but it can be difficult to know which option is right for you. Leasing has plenty of advantages, but so does financing. The right choice only depends on what you want and how you plan on using the vehicle. At Centennial Nissan of Charlottetown, we can help you make the distinction between financing and leasing, and, more importantly, help you decide which is the right option for you. 

Why Should You Lease?

If you use your vehicle for work, drive less than 20,000 or 25,000 kilometres per year, like to replace your vehicle after three or four years, or want the lowest possible monthly payment, leasing is likely the best option for you. 

That’s because there are usually more fiscal advantages to leasing. There are restrictions on the number of kilometres you can drive yearly, but if you don’t reach the limit this won’t be a problem. The lease also gives you the opportunity to simply return the vehicle at the end of the contract and get a new vehicle without worrying about depreciation. Lastly, leasing usually offers more affordable monthly payments than financing. 

Financing, on the other hand, doesn’t have any restrictions. You can drive as far as you want every year, maintenance and repairs will be an investment, and it will usually be more affordable long-term. 

Visit us today to learn more!