Lease or Buy Your Mazda: What’s Best for You

When it comes to acquiring a new Mazda, deciding whether to lease or buy can be a difficult choice. At Tustin Mazda, part of the Patterson Autos family, we understand each driver has unique needs. The decision to lease or buy depends on your personal lifestyle, driving habits, and financial goals. Both options offer distinct advantages, and understanding the differences between leasing and buying can help you make an informed decision.

Lease vs. Buy: What’s the Difference?

Before diving into the benefits and potential drawbacks of each option, it's important to understand the fundamental differences between leasing and buying a Mazda. When you purchase a vehicle, you take full ownership. This means that once the car loan is paid off, you can keep the car for as long as you wish. In contrast, leasing is more like renting: you pay for the vehicle’s depreciation during the lease term, typically 2-3 years, after which you return the vehicle to the dealership.

Benefits of Leasing a Mazda

Leasing a Mazda from the Tustin Mazda finance department offers several key benefits that might make it the right choice for you:

• Lower Monthly Payments: One of the main reasons many drivers choose to lease is the lower monthly payments. Since you're essentially paying for the car’s depreciation during the lease term (rather than its full value), monthly payments tend to be more affordable compared to buying.

• Newer Models More Often: Leasing allows you to drive a new vehicle every few years without the hassle of selling or trading in your car. If you enjoy driving the latest Mazda models with up-to-date technology, leasing is a great option to keep you in a newer vehicle.

• Lower Maintenance Costs: Mazda vehicles are known for their reliability, but leasing typically covers the duration of the car’s warranty. This can cause fewer maintenance issues and lower costs compared to owning a car that may be out of warranty as it ages.

• No Depreciation Worries: One of the significant downsides of owning a car is depreciation – the value of your vehicle drops the moment you drive it off the lot. With a lease, you don't need to worry about this, as you only pay for the vehicle’s depreciation during the lease term.