Nissan Versa Lease Prices & Finance Offers in Canton, MI

Buying a new Nissan Versa^® can be expensive, so we will help you decide on a method that will be affordable for you. There are two methods of buying a car that you can use, you can either lease a Versa or can finance a Nissan through a loan. Both methods have advantages and disadvantages, and we unpack them here for you to use when you decide to buy a new Nissan Versa^®.

What Does it Mean To Lease a Nissan Versa^® in Canton, MI?
Leasing a vehicle is similar to renting a car, but for a longer period of time, usually between 24 and 36 months. Although it can be for any number of months. Instead of paying off the car, you only pay for the amount of depreciation that is expected to occur during a set period of time. You normally, but not always, are expected to put down a deposit on a leased car.

Leasing a Nissan Versa^® can be complex when trying to understand the financing options available. Unique terms such as capitalized cost and residual value can often confuse many shoppers when choosing to lease or buy a vehicle.

What is Capitalized Cost When Leasing a Nissan Versa^®?
This is the ultimate price of the car. This price is usually fixed, but you can still negotiate it downward with many dealerships. A lower cap cost means you will be paying lower monthly installments on your Versa. You can also get cap cost reductions which are special lease deals from automakers.

What is Residual Value When Leasing a Nissan Versa^®?
The residual value is the estimated value of a car at the end of its lease term or useful life. The residual value (also called salvage value) is the predicted value of what a car is worth at the end of the lease agreement. The lessor uses the residual value to understand the number of monthly payments the lessee will make during the life of the lease period. It is generally accepted that longer lease terms have lower residual values.

Benefits of Leasing a Nissan Versa^® in Canton, Michigan?

• Your monthly lease payments and overall monthly cost may be lower than a traditional financing loan
• You don't have to go through the hassle of selling the vehicle once your lease is up
• The contract terms for leasing are typically shorter than a car loan
• You have the ability to turn the vehicle in at lease end and get a new vehicle

Lease a Nissan Versa^® Today at Nissan of Canton in Canton, MI

Cons of Leasing a Vehicle

• You don't own the vehicle
• There are annual mileage limitations
• There may be a penalty if you terminate the lease contract early
• A lease agreement is a binding contract
• A lease agreement, once signed, becomes a legally binding agreement between you and the car leasing company. In return for the use of the car for a specific period, you agree to make a monthly payment. If you break that contract by failing to make a payment, you are expected to return the car.

Traditional vehicle financing gets you behind the wheel of a new or used vehicle and requires you to make payments to eventually own the vehicle. When the car is fully paid off, you will own it and be able to retain the vehicle's remaining equity towards the purchase of a new vehicle. What happens if you finish paying off the vehicle and still love it? You can choose to continue owning the vehicle to take advantage of lower ownership costs by not having to pay monthly lease or finance payments

Benefits of Financing a Nissan Versa^® in Canton, Michigan

• Once the Versa is been paid off you own it
• Unlike a lease, you don't have to return the car
• You can drive as much as you want; no mileage restrictions
• Once your Nissan Versa^® is paid off you can use it as an upfront payment
• You can sell your car privately
• You can customize the vehicle with no restrictions at lease turn-in
• You won't have to make payments when the loan is paid off
• Financing is easier than leasing
• Refinancing a vehicle loan can save you money
• You decide if you want to fix the vehicle or not

Cons of a Vehicle Loan

• As with any loan, there will be an interest rate where you will have to pay interest
• After paying off the car, there could be increased maintenance costs due to the age of the car

Finance a Nissan Versa^® at Nissan of Canton in Canton, MI

You Own the Car

By purchasing a car through financing, you will own it as soon as it is paid off. While you're still paying for the car the bank owns the car title until you pay it off, but there are typically no restrictions on what you can or can not do with your car. Plus, your ownership grows slowly at first, but increases as the interest declines. The best way to maintain positive equity is to make a sizable down payment and get the shortest loan term you can afford.

There's no mileage cap

One of the biggest benefits of financing your car is you don't have to worry about a mileage cap. Beyond the costs of fuel and maintenance, there is no financial penalty for driving long distances.

Visit Nissan of Canton to compare Nissan lease deals and financing offers. Find out what works best for you and drive away in a new Nissan Versa^®.

The Versa^® starts at $17,190* and features an available fuel-sipping 40 MPG** highway with a 1.6-liter 4-cylinder engine. Efficiency that gets up and goes. With agile handling, impressive efficiency, and plenty of power to play with, Versa^® is ready to bring it to the streets.

Efficient control. Pick your transmission — manual or Xtronic CVT (Continuously Variable Transmission) to pair with Versa's efficient engine, with up to 40 MPG highway.

Handle more. Dynamic driving technologies can help you to make every drive feel more comfortable, confident, and enjoyable.

Defy gravity. On a steep grade, hill start assist helps stop you from rolling backward.

Turn up every drive. Versa handling makes every ride memorable thanks to a stiff rear suspension, rigid chassis, and responsive steering. Versa is built on a rigid chassis for a secure ride and stable cornering. With a stiff rear suspension, Versa keeps you feeling grounded to the road, even around tight corners. Whether you're moving at slower city speeds or on the highway, you'll maneuver confidently.

Hill start assist. On a steep grade, hill start assist helps stop you from rolling backward. It holds brake pressure for a few seconds, giving you enough time to switch from the brake pedal to the accelerator.

Find Great Lease & Finance Price Offers on the New Nissan Versa^® at Nissan of Canton!

Confidence that feels second nature. Nissan Intelligent Mobility^™ includes available features that help monitor in front of you, behind you, and on either side and that can step in to help keep you out of trouble.

Nissan Safety Shield 360 is standard on every Versa SV and above.

I'm on to you, shopping cart. Versa's^® backup camera helps you park by displaying what's directly behind you. When you're backing up, the available Rear Sonar System beeps when it senses a nearby static object.

Tech that can expect the unexpected. You're only human — it's nice to have a little backup when something unexpected happens. Versa offers a suite of available Nissan Intelligent Mobility features that can step in and take action to help keep you out of trouble.

Another level of protection. Versa^® comes standard with comprehensive safety like 10 airbags and LATCH (Lower Anchors and Tethers for Children) for your younger passengers.

Blind spot warning. Wait. Was that a car over there? Versa^® with Blind Spot Warning keeps an eye on the blind spot area and gives you a heads-up if it detects a vehicle hiding there.

Advanced safety technology. The Versa^® features Nissan's Advanced Air Bag System including dual-stage supplemental front airbags with seatbelts and occupant-classification sensors. But that's just the start of what the Versa offers to help keep the driver and passengers safe.

Yes! Connect your compatible iPhone^® to take advantage of music, navigation, and calling features. Bluetooth^® and beyond, the Versa lets you start your car from afar and play music and audiobooks wirelessly from your compatible smartphone.

Seamlessly synced to your world. From the moment you get in, you'll see you've stepped up to something different. Everything gets easier, as you seamlessly sync from your compatible smartphone to your Versa and the world around you. This is the future of driving, and it's here for everyone right now. Android Auto^™. Using your compatible Android smartphone, explore a world of maps and media hands-free in your vehicle.

USB ports. You and your passengers get a charge with convenient USB ports inside your Versa.

Check out the Connectivity of Apple CarPlay^® Capabilities and Test Drive a Nissan Versa^® at Nissan of Canton.

Load up the way you want. We thought we should make it easier for you to do more. Nissan designed the Versa to be roomy, easily accessible, and highly flexible.

Generous trunk space. When you need more room for cargo, the large trunk provides plenty of room for the job at hand. Even better? It now features a lower, wider opening for easier access.

Seating for five. Available 60/40-split fold-down rear seats let you add plenty of gear, with a passenger still aboard. And the pass-through trunk lets you bring extra-long items.

Smart storage. We are carrying more stuff on us than ever today, and that's why a lot of thought has gone into smart storage. Whether it's your phone or your water bottle, there's a spot for it.

Find a Great Lease or Finance Price on the New Nissan Versa^® at Nissan of Canton in Canton, MI.