$5,000 to $10,000 Car vs. Leasing a Brand New Nissan

June 13th, 2014 by

The Difference in Buying a
$5,000 to $10,000 Car vs. Leasing a Brand New Nissan

Being a sales manager I see many different types of buyers every day. One thing I wish I could point out to customers is the difference between a $5,000 vehicle vs. leasing a brand new car and how much more bang you get for your buck in leasing the brand new vehicle.  I have come up with some opinions I feel very strongly about.  If you have any questions, don’t hesitate to call me.

2001 Honda Civic LX (Headache)

Vehicle has 175,500 miles on it, check engine light may be on, there are tears in the seats, engine is worn out, and the rims have dings and dents. You might get through three years with the vehicle still running, have no maintenance and no warranty, and you’re out of luck with nothing to show for your money anyway. The other huge problem is you actually end up spending more than $6,500 dollars because of all the maintenance problems the car may have. Think about this…Does any of this make sense when you have other options to make your situation better?

VS.

2014 Nissan Versa Note S+ (Peace of Mind)

36-month lease, full factory warranty, free maintenance with Bill Korum’s Puyallup Nissan, free GAP insurance, 0 headaches, better fuel economy, better safety ratings, updated technology, up-to-date styling, more comfort, and many more benefits.

One big thing I think about is where is my money going? If you go and buy this $6,500 car with all the cash you have saved up over the last two years, THAT MONEY IS GONE! If you lease a car with all the new incentives and benefits available, your upfront out-of-pocket on a vehicle like this can be under $1,000, depending on your credit.  Now the $6,500 you have can be put into an interest bearing savings account. If an emergency comes up, you have that money available to you right away, because it isn’t tied up in a vehicle.

Brian Paul
Used Car Sales Manager
253-255-6710

Posted in Advice