How to Lease a Nissan in Beckley, WV

Whether you've been eyeing the sleek Nissan Altima or dreaming of adventure in a Rogue, leasing might be the smartest path to getting there for drives in Beckley. At Lewis Nissan, we talk to drivers every day who aren't sure whether to buy or lease and our Finance Department loves helping them discover just how accessible and flexible leasing can be. Here's everything you need to know.

What Is a Car Lease, Exactly?

Think of leasing like a long-term rental. Instead of financing and eventually owning the vehicle, you're paying for the right to drive it for a set period, typically 24 to 48 months. At the end of the lease, you simply return the vehicle, or in many cases, you have the option to purchase it outright. You're essentially paying for the portion of the vehicle you use during the course of the lease. That's why monthly lease payments are almost always lower than loan payments on the same vehicle.

The Key Numbers in a Lease

When you sit down with one of our finance team members, you'll encounter a few important terms. The first is the capitalized cost, which is essentially the negotiated selling price of the vehicle — and yes, you can still negotiate on a lease, so you absolutely should. Next is the residual value, or what the vehicle is projected to be worth at the end of your lease term. You'll also hear about the money factor, which is the lease equivalent of an interest rate. To make it easier to compare, simply multiply it by 2,400 to convert it into an approximate APR. Finally, pay close attention to your mileage allowance. Most leases come with 10,000 to 15,000 miles per year for trips to and from Little Beaver State Park and beyond. If you exceed that, you'll pay a per-mile overage fee at the end of the term. Be honest with yourself about your driving habits upfront as it saves money in the long run.

What You'll Need to Get Started

Leasing requires a credit check, similar to financing a purchase. Strong credit typically unlocks the best money factors and promotional lease deals that Nissan Financial Services offers. You'll also typically pay a first month's payment, a security deposit which is sometimes waived on special programs, and acquisition fees at signing.

Is Leasing Right for You?

Leasing is a great fit if you love driving a new vehicle every few years, prefer lower monthly payments, don't want to worry about long-term depreciation, and typically stay under 12,000 to 15,000 miles annually. On the other hand, if you drive extensively, prefer to build equity, or like to customize your vehicle for trips over to Stephens Lake, purchasing might serve you better.

Our Promise to You

At our dealership, we believe an informed customer is a happy customer. Our team is here to walk you through every line of a lease agreement, answer every question, and make sure you drive away confident in your decision. Stop in today, and let's find the Nissan and the lease that fits your life perfectly. Check out our current incentives to make your visit more affordable!