New Mazda Lease vs Finance Information for the Butler, PA Area

Your next new vehicle is a big decision, and it's a good idea to have some information before choosing. For those who are able, simply paying the entire price of the vehicle upfront may be an option. However, it's more likely that you're looking at either leasing or financing your next new vehicle. What's the difference between these two options?

Well, leasing your next new vehicle essentially means you'll drive the vehicle for a few years before the lease expires and only pay for the initial miles you use. When the lease is up, you'll have the option of upgrading to another new vehicle or you can purchase the vehicle you've been leasing at a predetermined price.

Financing, on the other hand, means borrowing the money to pay for the car and paying off the loan over time. Once the loan is paid in full, the vehicle is yours free and clear. Most financing agreements spread the payments over a longer time than a lease, but that's because you're paying for the entire vehicle, not just the miles you drive it during a lease period.

Is it Better to Lease or Finance Your Next New Vehicle?

The answer to this question comes down to your situation and what works best for you. If you're the type of person who will get a new car, drive the wheels off it, put the wheels back on, and drive it some more, you may prefer to finance. However, if you're the type of driver who prefers the reliability that comes with a new vehicle covered by the factory warranty, and lower monthly car payments, you may be better off with a lease.

What Are Some Things You Should Know About Leasing a Vehicle?

New Mazda lease deals come with a set number of miles, and additional charges will occur if you exceed the miles of the lease. This means that those who have a long commute or who put more miles on their daily driver than the average American may be better off financing their next new vehicle. What's more, leasing isn't always available for every credit situation. This is why we recommend speaking with our finance department before making a final decision about whether to lease or finance your next new vehicle.

What Are Some Things You Should Know Financing Your Next New Car?

For many, financing may seem the best option. However, keep in mind that the moment a new vehicle is sold, it technically becomes used. That means the value can drop to the point where there's negative equity. That means there is more due on the car loan than the car could be sold for.

If you're going to put a lot of miles on the vehicle or continue to enjoy the same vehicle for the next 20 years, this may not be a big deal. However, if you think you'll be wanting to upgrade to the next new model after a few years, you can avoid the cost of depreciation with a lease.

Additionally, financing is typically available for a wider range of credit situations. At Baglier Mazda, our finance and lease experts have a lot of experience helping customers determine which is the best option for their budget. We're frequently updating special new Mazda lease and finance deals, so you're sure to get the most for your money whether you decide to finance or lease.