Should I Buy or Lease My Mazda?

Auto Financing vs Leasing

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Is it better to lease or buy your next new Mazda? It’s truly an age-old debate and while some people may prefer buying their car versus leasing it, or vice versa, there are a number of pros to each side of the argument! Luckily for you, our Morrie’s Minnetonka Mazda dealer near Minneapolis is here to explain some of these advantages and help you determine which option will most perfectly suit both your lifestyle and driving needs!

Should I Buy Or Lease My Next Mazda?

Benefits of Buying

If you are interested in going with the purchasing route, you will typically have to pay off a loan by making higher monthly payments than that of a lease. So, you’re probably wondering; why would I want to pay more per-month when I could just lease a vehicle and get a new one in a few years? Well sure, with car-buying you’re paying more per month, but these payments are accumulating and chipping away at the overall price of your vehicle, whereas with a lease, you are essentially renting for an extended period of time and have no equity actually invested towards it.

• When buying opposed to leasing, you will likely save money in the long run.
• You won’t need to worry about being penalized for exceeding your mileage or any damage caused to your vehicle throughout the lease.
• You have more flexibility when selling your vehicle. You can sell or trade it in at any time.
• You can modify your vehicle in any way you would like (new paint color, aftermarket parts, etc.)

Benefits of Leasing

• When leasing, you’ll be entitled to lower monthly payments with low — or no — down payment.
• You’ll likely be covered by a factory warranty for the duration of your lease.
• Leasing your vehicle makes the transition between your old Mazda to your brand-new Mazda so much easier. You can swap in and out of new models every few years without having to deal with the aggravation of selling or trading your vehicle in.
• You can drive a more expensive and stylish model car for less money.
• You pay less in sales tax.

New Mazda Inventory

Learn More From Mazda Dealer in Minnetonka

If you have any questions about buying or leasing your next Mazda or you would like to schedule a test drive in one of our new or used models today, please don’t hesitate to contact us online or pay us a visit here at Morrie’s Minnetonka Mazda near Minneapolis! We can get you pre-approved for financing and have you driving home today in the car of your dreams!