SHOULD I LEASE OR BUY A NEW MAZDA?

Buying a new car can be an exciting experience. You’ve done your research. You’ve narrowed your choices. You’ve even been contemplating financing—should you buy or lease? Maybe now is the best time to consider Mazda’s lease deals.

Deciding whether to buy or lease your new car can be a tough call. Each option has its pros and cons. The important question to answer, though, is what’s the best choice for you?

HOW LEASING A NEW MAZDA WORKS

When people contemplate getting a new car, they start by narrowing down their choices of make and model. With that accomplished, it quickly turns to calculating monthly payments. How much can you afford? How much do you choose to pay each month?

This is where many drivers turn to leasing as an option. Leasing a car allows you to drive a brand-new car for a specified length of time, usually two to three years. You make an up-front payment to cover new car fees and taxes, then settle on a monthly fee for the lease term. You will have certain limitations depending on the specifics of your lease, but the car is essentially yours to use.

At the end of the lease period, you can purchase the vehicle and pay or finance the remaining balance, or you can return the vehicle to the dealership.

BENEFITS OF LEASING A NEW MAZDA

New car prices are reaching an all-time high. It’s nice to know you have options, because sticker shock can impact your buying decision. This is a top reason people turn to leasing. It’s what makes our Mazda lease deals enticing.

People often turn to leasing for:

• Lower monthly payments: For many new car buyers, financing a new car creates monthly payments higher than they can or choose to pay. Rather than shying away from a new car purchase, leasing allows you to get the vehicle of your dreams at a lower price.
• Drive away without a down payment: Leasing a new car usually doesn’t require a large sum of money up front. A larger amount before you drive away won’t reduce your monthly payment by much. That changes when you finance, where the more money you pay before financing is calculated, the lower your monthly payment will be.
• Keeping a new car in the garage: Who doesn’t love to drive a new car? With leasing, you’ll be able to upgrade your ride every two to three years. This means you can try out the latest technology and enjoy the experience of driving without worrying about repairs or part breakdowns.
• Driving maintenance-free: New cars have the best warranties. They also have new parts, which means less chance of a breakdown. Because your lease will most likely fall under the bumper-to-bumper warranty period, you won’t be responsible for paying for maintenance during your leasing period. You’ll also receive top-quality services like our IPAC Value Price, which includes things like complimentary maintenance, loaner vehicles, and more.

HOW FINANCING A NEW MAZDA WORKS

Few people buy a new Mazda with cash. Instead, most people find the new car of their dreams and make the choice between financing or leasing it.

Financing a car means you purchase the vehicle with a loan. You’ll pay it off over time and eventually own the vehicle. The car is yours; you can keep it for as long as you desire.

At the time you buy it, you’ll put some money down on the vehicle and work out a deal to finance the rest of the loan. You’ll submit an application, and the Mazda financing department will use that to look at your credit score and help you secure an interest rate for the loan. Each month, you’ll make a payment that includes principal and interest until the entire debt is repaid.

Once it’s paid off, the car is yours. You are the legal owner and can choose to do with it as you wish. You’ll never have to return it to the dealer, and you’ll be able to decide how long you will keep it and when you want to sell it.

BENEFITS OF FINANCING A NEW MAZDA

For many drivers, what attracts them most to financing is that they’ll own the car in the end. They want a reliable vehicle they can drive long term, and financing makes sense. These drivers prefer to finance because:

• They put on a lot of miles each year and don’t want to be constrained by mileage limits: Leases always tack on mileage limits to control how much a car is used during the leasing period. This may not work for you if you travel a lot for work or rely on your vehicle to drive extensively throughout your ownership period.
• They don’t want to face wear-and-tear charges: You won’t have to worry about every dent or ding because you own the vehicle at the end of the loan. Leases may charge additional fees if wear and tear exceed expectations at the lease’s end.
• You choose to keep the car long term: Buying a new Mazda allows you to keep the car for as long as you choose. You can resell it and keep the profits when you’re ready. You can hang on to it and drive it for years. You can use it as a trade-in when you’re ready to upgrade to a new vehicle. The choice is yours.

IS BUYING OR LEASING RIGHT FOR YOU?

Does the idea of leasing a car appeal to you? If so, it may be time to consider one of our Mazda lease deals.We understand that choosing the right Mazda and financing option can be a lot to think about. No matter how many questions you have before you buy, one of our experienced Mazda lease specialists will answer all of them for you. They’re here to help you through the entire process, helping you drive away satisfied with the experience. Whether online, by phone, or in person, we’re here to help you and look forward to serving you. How can we help you get into the car of your dreams?