Mazdas are some of the most reliable and comfortable vehicles on the market, so it’s no surprise the amount of Mazda incentives that exist to cater to drivers in and around Bossier City. Mazda lease offers are easy, attractive, and affordable, but are they right for everyone? Is leasing a Mazda better than financing a Mazda?
In this in-depth Mazda lease vs. finance comparison, we’ll look at the benefits and drawbacks of each method to driving a Mazda to help you decide which is the right move for you. If you’ve been weighing your options, keep reading to learn all there is to know.
Mazda Financing Benefits
The number one benefit to financing a car is ownership and building equity. Just like buying a house vs. renting an apartment, you build your equity with car ownership.
Due to ownership, you have more freedom, and this is seen most in two ways: one is the ability to customize your vehicle as you see fit with aftermarket parts or custom paint jobs, and zero mileage limits. If you love taking road trips, financing a Mazda is the better option.
Once your Mazda auto loan is paid off, you own the vehicle, and that means no more monthly payments. While the upfront cost (down payment) can be steep, and monthly payments are higher, assuming you own the vehicle for ten years at a minimum, you will inevitably save money over time.
While Mazda maintenance is important to the vitality of your vehicle, if you don’t drive much (or want to skip the service center), you don’t always have to bring it in for service. it’s highly recommended you follow the regular maintenance plan, but you don’t have to, it’s your vehicle after all.
Mazda Financing Downsides
While you build equity, it comes at a substantial cost. Down payments when financing a car can be hefty, especially when you choose a Mazda with better features. Not only that, but your monthly payments will be higher than if you leased the same vehicle. However, that’s the trade-off to have equity.
As you build equity by owning your vehicle, you also contend with vehicle depreciation, or the loss of value in the vehicle over time. The first few years of ownership are when the largest portion of your Mazda’s value decrease. Is it the end of the world? No, but something you should be aware of.
Not only does your Mazda depreciate over time, as we mentioned with maintenance, you’re responsible for the costs. Yes, the warranty will help you for several years; however, once that ends, any repairs lie solely on you and your wallet, unless you opt for an extended warranty plan.
Lastly, in terms of depreciation, you need to contend with selling or trading in your vehicle and weighing that against the decreasing value. This can be tough if you want to sell or trade in your Mazda before the auto loan is paid off, and that alone raises many considerations. Fortunately, our Bossier City Mazda dealership has a finance center that is happy to talk things through and find the best solution for you.
Mazda Leasing Benefits
The biggest benefit to leasing is lower monthly payments. This means you can choose a higher trim with more luxurious features for the same price as financing a lower trim. Leasing opens the doors to driving better equipped cars with ease and less financial burden. Also, leases often won’t require a down payment, and, if they do, it will be less than if you needed to put a down payment on a financed Mazda.
Another big plus to leasing a Mazda is that you’ll always be driving a new model. Leases only (usually) last three years, which means you’ll always have a Mazda with the latest features to increase comfort and safety.
Lastly, you’ll have zero worries about selling or trading in. Once your contract ends, all you need to do is drop the vehicle back at the Bossier City dealership and start looking for your next Mazda. Selling a vehicle on your own or trading it in can be stressful, but with a lease, you don’t need to concern yourself with that part.
Mazda Leasing Downsides
While financing builds equity, leasing a Mazda does not. If you want to build your portfolio in any way, leasing won’t be a method to do so.
Again, while financing bestows ownership and the freedom that comes with it, leasing limits your options for customization. You’ll need to abide by your contract and avoid any modifications to the vehicle to avoid fees. Similarly, Mazda leasing contracts will impose mileage limits, meaning you can only drive so much before facing fees.
Not only do you need to abide by the contract avoiding customization and mileage limits, you also need to keep your Mazda lease in excellent condition. Fortunately, you benefit from a warranty and potential complementary maintenance plans. But, if you let the vehicle fall into disrepair, you’ll have to shell out money for it.
Lastly, while monthly payments are lower, you’ll always have one to pay. With Mazda financing, eventually the payments will end. With a Mazda lease, if you continue down that path, you’ll always have a monthly payment waiting.
Shop Mazda Lease Deals in Bossier City
Whether you search for Mazda finance specials or Mazda incentives, your budget will help dictate which is right for you. Our finance center experts are ready and happy to help you find out which new vehicle option is best for your budget so you can get the vehicle you want without trouble. If you’re still curious if you should finance or lease a Mazda, contact us online or call us at 318-746-2175 to learn more.
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