FAQs About Leasing

Answers to questions we often hear about leasing

At Rockaway Nissan in Inwood, NY, we've seen a growing interest in leasing new Nissan cars, trucks and SUVs. At the same time, we've seen a growing number of very understandable questions that people have about leasing. For example, are monthly lease payments really less than monthly loan payments? How long does a lease last? Is there a down payment? Is leasing the best option for me? Let's address some of those right now.

Why is a leasing a good option?

Leasing is not right for everyone in communities like Elmont or Brooklyn, NY, but a key reason it's popular is because monthly lease payments are usually lower than car loan payments for the same vehicle. Another feature many people like is that you get to drive a newer car with the newest tech and other features. One other attraction is that you don't have the hassle and expense of selling your car at the end of your lease. Just drop it off with us.

How long does a lease last?

Most lease terms are 36 months, although your lease contract could be anywhere from 24 months to 60 months. During that time, you're responsible for factory-recommended maintenance, to help your new Nissan run reliably around Queens, NY. At the end of your lease term, you're responsible for excess damage or wear-and-tear repair costs. You then have the option to drop off your car, get a new lease and another new Nissan.

How many miles do a I get with a lease?

The most common yearly mileage cap is 12,000 miles. If you exceed that annual average, you will need to pay an excess mileage fee. The good news is, with a 36-month lease, you'll probably avoid most repair costs since your new Nissan comes with a 3-Yr/36,000-mile comprehensive bumper-to-bumper warranty and an even longer limited powertrain warranty. No wonder so many people around Nassau County are looking into leasing.

Do I have to put money down to get a lease?

It's not uncommon to make a lease down payment but, depending on your credit, it's not always required. Making a larger down payment won't reduce the total someone from Valley Stream or Long Island, NY pays for a lease but it will lower the monthly payments. Down payments can typically go up to $3,000 and will be lower with one of our lease specials. Just go to "Shopping Tools" and select "Nissan Incentives" to check our latest deals.

Is leasing the best option for me?

Ultimately only you can answer that, but here are things to consider. A lease doesn't let you own the car and you aren't building cash value that you can use to buy your next car. There's real financial benefit in gradually growing equity in your car and a lease won't give you that. There are other pros and cons that one of our friendly, knowledgeable financing specialists can explain.

We want to be your financing champions at Rockaway Nissan 

The experts in our finance center can explain more about leasing in understandable terms. We can be your ally in helping you decide whether a loan or a lease works best for your financial situation, and then we can help you get the best available terms. We want to help you get the new Nissan or other fine vehicle that's right for you while also helping you find the right financing. Let's talk about it soon at Rockaway Nissan.