Buying vs Leasing
Consider our buying vs leasing guide from Andy Mohr Nissan when you’re ready to upgrade your drives throughout Indianapolis, Lawrence, and Speedway, Indiana.
We’ll explain both options so you understand how each works and which might best fit your driving style, budget, and long-term goals on Hoosier roads.
About Buying a Nissan
When you buy a vehicle, you finance its full purchase price by paying cash or taking out an auto loan. Each month’s payment builds equity, much like paying down a mortgage.
Once your loan ends, you own the car outright. With no mileage restrictions and the freedom to customize your ride with aftermarket wheels or a roof rack for weekend camping, buying offers unmatched flexibility.
Plus, when you’re ready for a change, you can trade in or sell your Nissan and apply its value toward your next vehicle, making ownership a wise long-term investment.
About Leasing a Nissan
Leasing feels like a long-term rental: you drive a new Nissan for a set period, such as two to three years, and then return it or choose a fresh model. Monthly payments are generally lower than buying because you only cover the vehicle’s depreciation.
Leases often include warranty coverage for routine maintenance and factory-backed protection so you can drive confidently. Ultimately, you can simply hand over the keys and pick up an upgraded model, continue your relationship with your current Nissan under a purchase option, or walk away entirely.
For drivers who love having the newest features and lower monthly outlays, leasing is a compelling choice.
Apply for Buying or Leasing
You can work with our finance experts to help you learn more about the differences between buying and leasing.
We’ll take time to learn how you drive, what you can afford, and which monthly payment makes sense. We compare rates from local credit unions to national lenders, present transparent offers, and walk you through any available Nissan incentives.* We handle the paperwork, clarify every detail, and ensure you leave with confidence.
Our team remains ready to revisit your plan, explore refinancing, or adjust terms so your financing continues to serve you well.
Can someone else assume or take over my Nissan lease, and what is the process?
Nissan may allow a lease transfer through their lease assumption program. The new lessee must apply and qualify, and a transfer fee may apply.
What should I do if I can no longer afford the payments on my Nissan lease?
Options may include lease transfer, early termination (with possible fees), or financial hardship assistance depending on eligibility.
What are my options at the end of my Nissan lease?
You can buy your leased Nissan, return it, or lease another Nissan vehicle.
If I buy out my leased Nissan at lease-end, what costs will I owe?
You’ll owe the residual value (listed in your contract), plus any applicable taxes, fees, and potentially a purchase option fee.
What fees will I owe if I return my Nissan lease?
You may owe a disposition fee, excess wear-and-tear charges, and any mileage overages beyond your lease allowance.
Explore Buying vs Leasing Today
Learn about buying vs leasing near Indianapolis, Lawrence, and Speedway, IN, and apply online for an upgraded drive to Brookside Park. Contact us today at Andy Mohr Nissan!