Financing a Car Vs. Leasing
The question of financing a car vs leasing is one of the most important factors in the car-buying process. Both sides offer advantages, and our showroom is home to great options for Mazda vehicles in each category. The right answer depends on several criteria, such as your budget, lifestyle, and driving habits.
When You Should Finance a Car
A good candidate for financing a new Mazda car is someone who plans on driving the vehicle for a long time so they can pay it off and build equity. From this perspective, there’s more long-term value in buying than there is in leasing because at the end of a lease, you have to turn the car in.
Another reason why someone will choose to finance a car at John Lee Mazda is if they want to customize/personalize the vehicle. When you finance a car, you can personalize it as much as you want with new accessories, different colors, and more. This is something you can’t do when you lease. Also, unlike with a lease, there are no mileage restrictions. When you finance a car, you can drive it as often as you want.
When You Should Lease a Car
If you’re thinking about a Mazda lease, ask yourself these three questions:
- Do you like the idea of driving a different car every three years?
- Are you willing to trade long-term equity for short-term savings?
- Do you drive less than 10,000 miles per year?
If you answered “yes” to these questions, you should strongly consider leasing a car. In particular, the short-term savings advantage appeals to virtually every potential lessee. Since you’ll only “own” the car for a few years, you don’t have to pay for the car’s full value – only a portion of it. This means that your monthly payments will be lower than if you financed a car, and you can also lease the car with a lower down payment.
Financing vs. Leasing a Car at John Lee MAZDA
Whichever path you decide to take, our friendly Mazda dealers in Panama City, FL, will work with you to help you secure a lease or auto loan. Visit us today so we can talk about your budget, lifestyle, and driving habits, and develop a strategy that’s perfect for your needs.
