Applying for a Mazda lease is an exciting prospect, but how does it compare to financing a vehicle? Leasing and financing have their own advantages, and you’ll want to consider what’s best for you. Compare financing versus a Mazda lease by talking to the experts at Peruzzi Mazda.
What Is a Lease?
Leasing a vehicle lets you drive a new model without purchasing it outright. When you lease a car, you’re agreeing to drive the vehicle for a few years before returning it to the dealership. This lets you stay up to date with new models and drive a model for a specified amount of time rather than keeping it indefinitely.
What Is Financing?
The other option to get behind the wheel of a Mazda car is financing, which is the more traditional route. With auto financing, you’ll set up a loan to help you purchase the car, making monthly payments for a set term until you have paid off the loan. You don’t have to return the vehicle to the dealership when financing a car; it’s yours to keep once the account is paid off.
Leasing vs. Buying
Depending on your situation, leasing may be more beneficial to you than financing a model. Leases typically have lower monthly payments than financing, since they cover the vehicle’s depreciation rather than the total cost. Leasing also lets you experience newer models without paying the full purchase price.
However, drivers who want to build equity should choose financing instead. In addition, leases come with mileage limits, so purchasing a car is a better option for drivers who have long commutes or love to take road trips. Financing is also best for those who want to customize their vehicle.
Explore MAZDA Lease and Financing Options in Fairless Hills, PA
Whichever option is best for you, our team is happy to help you find a vehicle that fits your needs. Contact Peruzzi Mazda to schedule a test drive today.
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