Buy vs Lease near Claremont, CA

Are you thinking about getting a new Mazda vehicle? With such an important and exciting event, you’ll need to think carefully about how you’re going to pay for it. Fortunately, you have a couple of options to choose from. Keep reading to learn about the differences between buying and leasing. After perusing this guide, we encourage you to contact our Finance Department at Puente Hills Mazda to discuss your specific situation. 

Buying 

Financing a purchase is a great feeling. If you decide to go this path, you can choose from paying outright in cash or seeking a loan. The latter allows you to pay smaller monthly payments, usually over the span of 24 to 72 months. Eventually, you’ll have full ownership of your Mazda vehicle, which means you’ll have no limitations over miles or vehicle condition. When you want to take a long trip on the I-10, you don’t have to worry about paying extra charges for additional mileage. You’ll also be able to sell whenever you want to. So, if you’re ready to move on from the Mazda3 Sedan to the Mazda MX-5 Miata, you can do it without hassle. Overall, buying a new car comes with freedom, which is appealing to many vehicle shoppers. To determine your purchasing power, use our payment calculator. 

Leasing

Of course, some people may want an arrangement that’s more flexible and short term. Leasing is a fit for people with these priorities. Particularly if you only plan on driving short distances around Claremont or the occasional weekend visit to Snow Creek Park, you may find this situation ideal. With leasing, there is usually around a 12,000 to 15,000 annual mileage limit. With this type of contract, you’ll typically enjoy lower monthly payments and upfront costs than ownership, which can be an important factor for car shoppers on a limited budget. A lease typically lasts from two to four years. After it ends, you have the option to trade your model in for the latest offering, buy out the vehicle you were driving, or cancel the contract and return the keys.

Tips 

With so many benefits from both types of financing opportunities, it can be challenging to figure out which one is right for you. If you’re trying to decide between the two, then first consider your future. Say you want the security of owning your vehicle and not dealing with car payments, then financing a purchase could be the way to go. However, if you enjoy getting your hands on the latest technologies, leasing a Mazda could be enticing. We understand this can be a complex and daunting decision, which is why our helpful team is ready to assist you. Contact us today to start talking about finances. 

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