Arrangements offered by Nissan dealerships in the Cleveland metropolitan area that allow customers to utilize a new Nissan vehicle for a specified duration in exchange for periodic payments constitute a significant portion of the automotive market. These arrangements are structured agreements distinct from purchasing, where ownership remains with the leasing company. Terms, mileage allowances, and end-of-lease options are predefined in the contractual agreement.
These opportunities provide individuals access to newer vehicles with potentially lower monthly payments compared to financing a purchase. This approach can be advantageous for those who prefer driving the latest models and are not interested in long-term vehicle ownership. Historically, such offerings have been a tool for automotive manufacturers to maintain sales volume and customer loyalty, while consumers benefit from predictable vehicle costs and reduced maintenance burdens during the lease term.
