Someone who hasn’t owned a vehicle for a while may eventually decide it’s time to start shopping for one. If this individual must make monthly payments instead of paying the entire amount upfront, an affordable financial arrangement is imperative. This man or woman might start by checking prices at a Nissan dealership in St Charles.
Financing Older Cars
Although older used cars can have relatively low prices, their monthly payments aren’t necessarily lower than those for newer pre-owned vehicles. That’s because financing companies commonly limit the length of loans for older automobiles. The customer of a Nissan dealership in St Charles would need to discuss this aspect with a sales representative to see if any appealing older vehicles are affordable.
Leasing a New Vehicle
Another option is to lease a new car. These payments typically are significantly lower than is the case with buying a new one of the same make and model. Depending on the manufacturer’s and dealer’s promotions, a lease might get the customer into a new car at a surprisingly affordable monthly price.
Mileage Considerations
This option is favorable for someone who doesn’t drive more than the average, which is around 13,500 miles per year. That’s according to Car and Driver in 2023. Most vehicle leases allow 12,000 to 15,000 miles annually, after which the lessee is charged a certain amount per mile. When the lease ends, the customer has the option to turn the vehicle back in, trade it for a new lease, or buy it.
Check out the inventory at Hawk Nissan of St. Charles website.
