Two of the most common ways drivers in Covington, Hammond, and Mandeville, LA, can get behind the wheel of a Mazda is to lease it or buy it. Both ways offer incredible benefits and you really can’t go wrong with either option. Ultimately, the choice is up to you!
If you’re interested in learning more about leasing vs. buying a Mazda, let Paretti Mazda guide you.
We’ll kick things off here by talking about leasing. This is a more budget-friendly option than buying, as leasing is essentially a rental agreement between you and the dealership. Generally, leases last about two to three years. So, you usually won’t need as large of a down payment and your monthly payment will often be less.
After a lease ends, you’re expected to return the vehicle to the dealership and, if you want, can immediately jump into a different model.
However, that doesn’t always have to be the case. If you’re happy with the car you’re driving and want to hang onto it, you can either buy it or finance it out of the lease at any time! This is advantageous to those drivers who eventually don’t want to have a car payment and/or those who have eclipsed the mileage limit set at the beginning of the lease.
Leasing is a great option for those who want to ensure they’re driving the latest models, with all the latest features. Besides, who could deny their love for experiencing that new-car smell every couple of years?
If you’re planning to buy your car, this means you want to own it outright, whether you pay off the whole thing immediately or over time. Once you complete making payments, you can do anything you want with the car. So, if you want to lift it a little higher off the ground, tint the windows, or paint it a different color, you can do it!
Buying also allows you to build equity in your car, like building equity in a home. If you plan to sell it eventually, its resale value should be kept high, if you maintain it in good condition. This means having it serviced and cleaned regularly.
As you know, leases come with a mileage limit. There will be penalties assessed at the end of the lease, if you go over the mileage limit and don’t plan to buy the car afterward. If you buy the car, you don’t have to worry about any of that. So, you can drive the car as far and as often as you want.
Finally, buying means that eventually, your car insurance premium will likely be less than it would be if you were to lease. Who doesn’t want a little extra money to put back in their pocket?
Choosing our Mazda dealership to help you get into your preferred vehicle is always a great decision, which is due in part to our finance experts. They have years of experience helping our clients with their different needs and coming up with personalized lease and buying plans.
You can get things started at home by applying for financing on our website. Then, when you come in, our team can either review your options with you or have one that you’ve already chosen ready to sign. If you prefer doing everything in person, we can help you apply here.
Now that you know more about the benefits of leasing vs. buying a Mazda, do you know which route you’ll take? The beauty of it all is that there’s no wrong choice—it all comes down to personal preference.
Paretti Mazda is here to help you get on the roads around Covington, Hammond, and Mandeville, Louisiana, in a vehicle that you’ll never tire of driving. Give us a call or contact us online to schedule a test drive!
