The decision between buying and leasing is one of the most important decisions a person looking to buy a new Mazda can make. Each option comes with pros and cons. At Mazda Direct, we are committed to helping you choose the right path for your family. We are proud to offer financing options for customers from all walks of life interested in a new Mazda vehicle. We work hard to provide affordable cars and SUVs to drivers in the Fostoria area. For many, it might make the most sense to buy a Mazda. For others, it might be more prudent to lease.
Here are some things you should consider before you walk onto our lot.
How much do I travel?
Most lease agreements come with mileage limits. That means, if you have a long commute or really enjoy an impromptu road trip, leasing might not be for you. But, if you enjoy riding your bike when you can or live in a downtown area where you can walk to work, leasing might be a great way for you to drive a new vehicle at an affordable price.
What’s my budget?
If it’s important to you to drive a nice, new Mazda, but your budget is lacking, leasing offers an affordable option. Most lease payments are much lower than what you’d pay if you were buying the same vehicle. You are only paying off the depreciation on the car, not its full value.
Do you want to own your car payment free one day?
That won’t happen with leasing, although you might have the option to buy your Mazda at the end of your lease. The payments you make on a leased vehicle don’t go toward owning your car. Essentially, you are just renting the vehicle until the lease agreement is up. If you look forward to the day your car is paid off and you can drive payment free, buying a Mazda is probably a better option for you.
How stable is your life?
If you don’t know where you might be three years down the road, don’t lease. There can be pricey fees when you terminate a lease agreement early. Before considering a lease, you need to be completely sure that the terms of the lease agreement will work for you for the entire duration.