One of the biggest decisions you have to make when buying a new vehicle is whether to buy or lease. Each option has advantages depending on your needs and driving style. Our financing experts at Murray Mazda are ready to help you through the process. Here are some highlights about buying and leasing to consider:
Buying:
- Usually a higher monthly payment
- Requires money down
- Allows you to own the vehicle one day
- Allows you to customize your vehicle
- No mileage limits
Leasing:
- Usually a lower monthly payment
- Can require little or no money down
- No vehicle ownership at the end of the lease
- No vehicle customization
- Mileage limits in the lease agreement
When you purchase a vehicle, we will help you secure an auto loan. After you pay off the loan, you will own the vehicle and be able to drive payment free for as long as you wish. Because you're aiming to own the car, your monthly payment will likely be higher than if you leased the same vehicle. Buying a car is a great option for those who like to take road trips and customize their vehicles because there are no terms included with your auto loan.
Leasing a vehicle is kind of like renting an apartment. You can't change too much. There are mileage limits written into your lease agreement, so this is not a great option for those who like to take long road trips or have a long commute. Leasing is a great option for those who like to have a new vehicle every few years, need a lower monthly payment, or who don't drive very often.
Come to Murray Mazda to find out more about buying or leasing a new vehicle. You'll be impressed with our inventory of Mazdas available.
