Leasing vs Buying: Which Choice is Best for Your Situation
When you are in the market for a new Mazda car or SUV, you will need to decide whether you are interested in buying or leasing it. It can be a difficult decision to make if you are someone who doesn't have the information necessary to make an educated choice.
Luckily, the finance center at our dealership is here to provide you with everything you need to know. The finance experts at Colonial Mazda, located at 100 C Federal Road in Danbury, CT, are here to answer any questions you have about buying or leasing your new Mazda model. Below is some of the information to help you make your choice.
The Perks of Financing Your New Mazda Vehicle
Some of the benefits of financing your new Mazda car or SUV include:
- No mileage limitations
- No monthly payment once your auto loan is paid off
- Equity that you can use toward a newer vehicle once you have paid off your car loan
- No potential end-of-lease obligations for damages
The Perks of Leasing Your New Mazda Model
Leasing also has some intriguing advantages. Some of these benefits include:
- A low monthly payment on your new Mazda vehicle
- The chance to upgrade your Mazda car or SUV every few years
- Warranty protection on your new Mazda vehicle for the entire time you are leasing it
- No need to sell or trade your car once the Mazda lease agreement ends
What Are the Differences Between Buying and Leasing?
When you buy your new Mazda model, you will own the vehicle once your auto loan is paid in full. You will make monthly installments to a bank or credit union to work toward this goal. You will also have the freedom to modify or customize your new vehicle to your liking.
Folks who lease their new Mazda vehicle are only paying for the time that they are leasing it. In a sense, you are only paying for the depreciation. This is why your monthly payment can be so low. Once your lease agreement expires, you will have a few options. You can buy your leased Mazda vehicle, lease a new Mazda model, buy a new or used vehicle from our dealership, or turn in your keys.
Apply for credit or contact the team at Colonial Mazda to begin the process of buying or leasing a new Mazda car or SUV today.
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Colonial Mazda
100 C Federal Road
Danbury, CT 06810
- Sales: 203-748-8700
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