Buying vs. Leasing; Which is the Better Option?

If you've been searching for a new car or SUV, then you've likely spent some time considering whether buying or leasing is the right option for your life. While each driver has a unique financial situation making the decision more complex, our team here at Colonial Mazda want to give you the knowledge to make the right decision for your life. So, explore the benefits of leasing and buying below, then decide on what new car option fits your life. If you need help exploring buying and leasing, visit our dealership in Danbury and speak with a Mazda finance expert. They can help you explore the pros and cons of each option and discuss how either fits into your financial plan.

Why Choose to Lease?

  • Lower monthly payments and a low or no down payment
  • Often can drive more car for your money
  • Your vehicle is under the factory warranty thus reducing repair costs
  • Easily transition to a newer model at the end of your lease
  • No trade-in hassles at the end of your lease
  • Pay less in sales tax

Why Choose to Buy?

  • You can freely modify your vehicle
  • You can save money long term if you buy
  • You have no yearly mileage limits
  • You have more flexibility since you can sell the vehicle whenever
  • You can use the vehicle as a trade-in for your next car
Categories: Finance

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