Spruce Grove Nissan|330 St. Mathews Ave., Spruce Grove

Financing vs leasing

Don’t let worries about your credit rating hold you back from financing or leasing. We have approved thousands of customers with poor credit scores. With flexible options for financing or leasing, we’re confident we can approve you.

Find out if leasing or financing is right for you in our pros and cons information below, or contact us today at 1-883-966-1829 for more information.

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Financing is the choice for you if you want to own your car after paying off your loan. You’re free to drive any number of miles annually. With financing, you can customize your car with ceramic coating, aftermarket audio equipment, fog lights, or a rear spoiler, etc. The options are endless.

When financing, it's a good idea to look into extended warranty options, or other protective items we have to offer.


Leasing is the choice for customers who enjoy driving a new car every two to three years. A leased vehicle is always under warranty. If you have big changes in the future, such as going back to school, long-term travelling, or emigrating, leasing is a great option.

With this option, it’s your role maintain and repair the vehicle.

The cost of leasing or financing is based your credit score, monthly income, any down payment you make, and the make, model, and year you select.

In the longer term, financing and owning a car for 10 or 15 years is less expensive than leasing for that length of time.

Will my car insurance increase if I lease a vehicle?

No, your insurance won’t increase if you lease a vehicle. They are the same as if you finance. Rates usually go up if you if you receive speeding tickets or are involved in an accident. Insurance premiums are also on your postal code and the age, make, and model of your car.

If there’s ever an accident and the vehicle is classed as a write-off, money is given to the finance or leasing company. You may get a payment if the vehicle is valued at more than what is owed. Your insurance company can give you full details.

Both financing and leasing have their benefits. Whatever option you choose, our professional finance managers will go through all the details and answer any questions regarding warranties and other financing options to protect your investment. We look forward to meeting with you soon to discuss your needs and options!