Should I Buy or Lease?

Once you have picked out the new MAZDA model that will best suit your Springfield-area driving needs, you’ll then have to decide, “Should I buy or lease?” The answer to that question will depend on what your preferences are and how much you can afford. Learn more about the difference between leasing vs. buying in this guide from the experts in the Finance Center at Sam Leman Mazda.

Benefits of Buying

• No Mileage Restrictions: Buying is the better option if you plan on doing a lot of driving in and around Morton. A car lease includes strict mileage limits.
• Financing Options: Financing a car is often a simpler process than leasing, even for those who have a less-than-stellar credit score. You will also have the option down the road of refinancing your loan to reduce your interest rate and monthly payments.
• Less Cost Over Time: You will pay more upfront when you purchase a car, but the vehicle will become less expensive to own the longer you have it.
• Total Ownership: Buying a car allows you to upgrade, modify, or customize it however you wish, and you are free to sell the vehicle whenever you like.

Benefits of Leasing

• Lower Payments: When you lease a car, you’ll have a lower down payment or no down payment at all, and the ongoing monthly payments will generally be more affordable than those that come with a new car purchase. 
• Less Sales Tax: In most states, you will not have to pay any tax upfront when you lease a car.
• Warranty Coverage: A car lease agreement includes warranty coverage for routine maintenance service. As long as you stay within the required mileage limit, you won’t have any out-of-pocket maintenance expenses.. 
• Upgrade Option: You have the option to upgrade to a brand new model with all of the latest features at the end of your lease term. All you have to do is stop by our dealership near Normal, pay any remaining fees, and drive away in a vehicle that has the most up-to-date amenities and tech features.

Explore Your Leasing & Financing Options at Sam Leman Mazda

Should I buy or lease? The finance team at Sam Leman Mazda is happy to help you explore your leasing vs. buying options so you can make an informed decision. Make sure to take a look at our new vehicle specials, and if you are ready to buy, apply for financing with us online to get pre-approved today! Feel free to contact us if you have any questions.