When shopping for a new car at your Mazda dealership, there are two options: buy or lease. With buying, you secure financing from your dealer or another lender, and then the car is yours to keep during and after paying it off. Meanwhile, leasing is more like renting the car over a long period and giving it back when you’re done. Let’s take a look at the benefits of both.
Should You Buy or Lease Your Next Car From Your Mazda Dealership?
Benefits of Buying
Lower Long-Term Costs
Buying is more cost-effective in the long term. When you finance and buy your car, you’ll eventually pay it off. Once you have your car paid off, it could potentially last you many more years. Then, when you’re finished with it, you can sell it.
Upgrading Privileges
Once you own your car, you can do whatever you want to it. You can alter it and upgrade it over time. If you can’t afford the beefiest engine straight away, then you may be able to upgrade to a stronger one down the line. If you get tired of your car’s color, then you can get a new paint job. There are very few limitations on what you can and can’t do.
No Mileage Fees
When leasing, you’re limited to driving a specific number of miles with that car. You may have to pay a fee for every additional mile you drive over the limit. You don’t have that when you buy a car, so you can drive for 100,000 miles or more with no limits.
Benefits of Leasing
Cheaper Short-Term
Monthly leasing payments are sometimes cheaper than car loan payments, making leasing better for tighter budgets. Some lease agreements also include free oil changes, which offers further cost advantages.
Easy to Change
If you get tired of your car, or you find that you don’t like it, then you don’t need to sell your car and finance a new one. You can just lease a different car once your current lease is up. That makes it simple to get a car in a different color, with a stronger engine, or with different features you desire. Sometimes leasing a car with these desirable features is more affordable than buying a very fancy car upfront, too.
Always at the Top of Its Game
When leasing a car, you’re getting that car for the best years of its life. You can expect to drive a car that doesn’t have too many miles on it and that won’t give you a lot of age-related trouble. You’ll very rarely have to deal with age-related issues with leasing.
We offer car financing as well as leasing, so come to Mazda City of Orange Park for your next car. Our finance department can talk you through both options and further help you decide which one is best for you.
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