Lease VS Buy

Learn More About Whether Leasing or Buying a Mazda in Norwood, MA. is Right For You


If you’re interested in driving a new Mazda CX-5 or Mazda6, you’ve come
to the right place. Here at Prime Mazda, we offer leasing and financing
options for new Mazda models. You might be wondering which option is
right for you. Let’s discuss the benefits of both options.


Explore the Benefits of Leasing & Buying!

 

The Benefits of Leasing

  • Typically a lower monthly payment and down payment
  • Lower sales tax than buying
  • Maintenance warranties for the duration of the lease
  • Easily trade-in your leased vehicle at the end without any hassle
 

The Benefits of Buying

  • The pride of owning a vehicle is a standard perk when you decide to buy your vehicle
  • Add and customize your vehicle exactly how you want it
  • No yearly mileage caps
  • The ability to sell your vehicle seamlessly

Your Leasing & Buying Questions Answered!

If I lease a new Mazda, am I getting a better deal than buying?

Sometimes!
This answer depends on your financial situation. When you lease, you
only pay for the car while you have it. When you buy, you pay for the
entire value of the car.

What is APR?

APR stands for actual percentage rate which represents the acquired annual interest on a loan.

What are residual values?

Residual values explain the estimated worth of your Mazda at the end of your lease term which help you to determine how much you owe should you decide to purchase your vehicle.

How is sales tax applied to a lease?

Sales
tax is applied to the value of the car during your lease. Sometimes
this comes through in the leasing payment.

How should I determine how much mileage to include in the lease?

On
average, you’ll drive anywhere from 10,000 to 12,000 miles a year. If
you think you’ll need more, you can always add more miles for an
additional fee.

What are some common lease duration’s?

A
36-month lease is the most common here at Prime Mazda, but we do offer
other durations, including 24-month leases.

Can you end a lease early?

If
you need to end a lease early, expect a termination penalty. Be sure to
contact our Mazda finance team to learn more.

What happens at the end of my lease?

Bring
your vehicle to Prime Mazda and we’ll inspect your vehicle to make sure
it’s in good condition. From there, you can lease or finance another
car.

Are You Interested in Leasing & Buying?

Are
you ready to drive a new Mazda around Norwood, Dedham, Westwood, and
Braintree? Swing by Prime Mazda to discuss leasing and buying options
today!. Do you have specific questions for our team? No problem! We’re available to answer your questions through phone, e-mail, text, or chat.

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Questions For Our Team?