It's normal to have questions when you're shopping for a new Nissan. What size sedan do I want? Do I want a sports car or something more practical? Are there safety and convenience technologies I need?

While these questions are important, many customers often overlook an equally important decision: Should I lease or finance my new Nissan?

The good news is there is no wrong answer. At the end of the day the choice to lease or finance is up to you and is usually made based on personal financial situations. To help you make the best decision possible, we?ve outlined the benefits of each financing option and how the finance team at Old Orchard Nissan can assist you.

Learn the benefits of leasing or financing a car with Old Orchard Nissan.

Both leasing and financing allow you to set up monthly payments, so you don?t have to pay off the full price of your Nissan all at once. The biggest difference between the two is ownership of the vehicle when payments are complete.

When you choose to buy, or finance, from Nissan, monthly payments are made with the intent of eventually owning the vehicle. If you decide to buy, you can be sure that financing with Nissan is easy. Simply fill out our convenient online Loan Application and our team will work with you to create an optimal financial plan.

There are more benefits to financing than just ownership. For example:

• No mileage restrictions
• Fewer upfront costs
• Ability to personalize with accessories and modifications

One final factor to consider when financing is the future resale value of your vehicle. A day may come when you?d like to sell or trade in your Nissan, so you should strive to keep it in the best shape possible. Schedule regular service appointments and keep your Nissan clean to protect your investment and get the best value when the time comes.

Leasing is different from financing in one key way: you do not own the vehicle at the end of your payments. Lease payments are similar to paying rent, you make monthly payments for a certain length of time so you can use the vehicle, but when the contract is up you do not own the property. Lease agreements also stipulate that the vehicle be returned in clean, good working condition.

A few benefits of leasing include:

• No need to worry about resale value
• Ability to terminate lease early if necessary
• Lower monthly payments

Lease agreements are great options for people who don't need a car long-term, or who don't want to commit to one car for an extended period of time. If your lease is coming to an end and you decide you want to own the vehicle, talk to our financial team about "lease to own" options.

Whichever financial option you choose, you can have confidence in the financial services team at Old Orchard Nissan. Our dealership is fully-prepared to answer any questions or concerns you may have about Nissan financing and lease payments.

As you're researching your options, check out our current factory financial incentives. Old Orchard Nissan is based in Skokie, Illinois, and we happily work with customers from Mount Prospect, West Plains, Niles, and Chicago.