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Should I Buy or Lease?

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Once you choose the new or used vehicle that’s best for you and your driving needs, you’ll want to decide if you should lease or buy. There are many benefits to both so it’s important to check out the buying vs. leasing options available to ensure you get the best deal for your financial situation. Learn more about the pros and cons of leasing vs. buying with the finance experts at Young Mazda today and you’ll be one step closer to the new vehicle of your dreams.

The Pros of Buying

Many drivers prefer buying their next vehicle, but sometimes buying isn’t the right option. This depends on the flexibility of your budget as well as if you plan on using the advantages of full ownership of a new vehicle. Check out the benefits of buying below:

  • Less Cost Over Time: While buying a vehicle means more money upfront with a down payment, you can save a significant amount over time. Once the loan is paid off, the only costs you’ll have are for insurance, services and upkeep.
  • Financing Options: Our dealership offers many financing options for those with all types of credit. And in the end, if you finance with bad credit, you can save more with refinancing.
  • Complete Ownership: Drivers that buy a new vehicle have the freedom to customize their vehicle. No matter if you want a lift kit for your truck, multiple drivers on your insurance, or interior conveniences added on, you can find what you need and add it on.
  • No Mileage Restrictions: With buying, you’ll have no mileage limits on that long road trip you’ve been dreaming about.
  • Ability to Sell: Purchasing is a long-term investment. However, you can easily trade in your older vehicle to upgrade to a new Mazda. This helps drivers save even more as they can put that money from their old car towards the new one.

Benefits of Leasing

Sometimes leasing can offer a better starting MSRP for newer models, which means keeping an eye out for lease deals might be the better option even if you’re interested in buying. Learn more about the benefits of leasing before you decide:

  • Lower Payments: When buying, you can expect higher sales tax, down payments, and the possibility of other fees that may factor into the total price, while leasing means much less up-front costs.
  • Amazing Coverage: Leasing typically offers a much more robust warranty plan, which means most repairs and maintenance is covered in your particular plan.
  • Flexibility: Leasing only lasts a few years, instead of the many that go into paying off a new vehicle. When your lease is up, you can drop off the keys and trade-up immediately into a vehicle, and many choose to turn a lease into a financing deal then as well.
  • A Wide Range of Options: If you’re interested in getting behind the wheel of a model that has all the new cutting edge technology, leasing will be beneficial as you can upgrade model years at the end of your lease.
  • High Approval Rate: For those with no credit or less-than-perfect credit, leasing is a favorite option, as it is easier to be approved than buying outright.

The Finance Experts at Young Mazda

No matter if you’re interested in buying or leasing, our finance team can help. In addition, check out our new vehicle specials, Mazda CX-9 lease deals, Mazda lease deals, and more to help you save on your favorite model. If you have any questions in the meantime, don’t hesitate to contact us.

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