Buy vs. Lease in Hillsboro OR

 

Buying vs. Leasing

Buying vs. leasing doesn't have to be a complicated decision. In fact, it's rather easy. We'll break it down for you below.

Buying

Buying comes with one intangible benefit: ownership pride. And that ownership also comes with numerous advantages: the ability to drive as far as you want, modify the car as much as you please, and sell the car down the road. If you do keep the car a very long time, it's even the cheapest option.

On the downside, the initial cost is much higher with greater down and monthly payments, and the long-term cost slowly goes up as repair bills pile on. If you see your car as an investment, losing value through depreciation can also be a big blow.

Leasing

Leasing's primary benefit is its short term cost. Because you're only paying for the car's depreciated value over the duration of the lease, you often end up spending as little as half of its buying price. If you chain leases, it's also nice to always be driving a new car with all the latest technology and safety gadgets, and is covered by warranty.

On the downside, leasing cars back-to-back does get expensive in the long run, and you don't have the same freedom as with a bought car: there's a mileage limit (often 12,000-16,000 miles a year) and a possible fee for excessive wear-and-tear.

We know it's a tough decision with both pros and cons on both sides but whether you are an experience buyer or a first time buyer, you have some options. Our Finance Department, here at Royal Moore Nissan in Hillsboro, OR, can also help you figure out what the best option for you might be!


Royal Moore Nissan can be reached at 888-449-1221 and is located at 1326 SE Enterprise Circle., HillsboroOR 97123. Royal Moore Nissan also serves the surrounding communities including Cornelius, Forest Grove, Beaverton, Tigard, and Portland. We hope to see you soon! 

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Royal Moore Nissan

1326 SE Enterprise Circle
Directions Hillsboro, OR 97123

  • Sales: (888) 449-1221
  • Service: (888) 450-9270
  • Parts: (888) 460-4684