At Larry H. Miller Nissan of Highlands Ranch, a southern community of Denver, we want to help you gain the knowledge you need in order to make a decision that's right for you.
So let's get started: Since leasing is often a lifestyle or business choice, take a moment right now, and ask yourself a couple simple questions:
- Do I prefer to drive a new or late model car and keep up with the latest trends, technology, and safety enhancements?
- What can I afford for my monthly cash outlay, and how does that equate to the type of car I would like to be driving?
What is the Difference Between Buying and Leasing a vehicle in Denver?
When you buy a new Nissan, you pay for the entire cost of the new vehicle, regardless of how much you drive it or how long you keep it. Your monthly payment will be higher than leasing, and you typically make a down payment, pay sales tax, and your determined interest rate which is based on your credit score. You make your first payment a month after you sign your contract. If you decide later to sell or trade in the vehicle, the depreciated, or trade-in value may be considerably less than the original cost.
When you lease a new Nissan in Denver, you pay a portion of the
vehicle's cost, which is the part that you "use up" during
the time you are driving it. Leasing is a form of financing and is
not the same as renting. You may have a choice of not
making a down payment, you pay sales tax only on your monthly
(in most states), and
you pay a financial rate, called
money factor, that is similar to the interest
on a loan. You may
also be required to pay fees and
possibly a security
deposit that you don't have to
pay when you buy a new car. You make your first payment
at the time you sign your
contract--for the month
ahead. At lease-end,
you may either return the vehicle, or purchase it for it's
depreciated resale value. You may be charged a lease-end disposition fee, and for any
wear-and-tear. Click here for incentives to compare Lease payment to a Buy payment.
new Nissan in Denver, at Larry H. Miller, 1320 Plum Valley Lane,
generally allows you to get more car for your money, and you may have
the option of no money down. Click to value your trade. In addition, not only will you
only be concerned with routine maintenance, but you will never have
to sell your car. "> Every new Nissan is supported by 36-month/60,000-mile powertrain
warranty (engine, transmission/transaxle, front-wheel drive system,
rear-wheel drive, seat belts and airbags).