When it comes to getting behind the wheel of a new Mazda there are many questions to ask yourself before driving off the lot. One of the most important is whether leasing or buying the new Mazda is the right decision for you. While both offer benefits and drawbacks, the right decision is different for every person's individual situation. That's why we have compiled this list of pros and cons to help our customers from Norwalk to Danbury with whether leasing or buying is right for them.
Pros of Leasing a New Mazda
- Lower monthly car payments
- Easy upgrade process at the end of lease
- You can upgrade more frequently
Cons of Leasing
- No equity in the vehicle
- Yearly mileage restriction and excess mileage fees
- You cannot modify the vehicle
Pros of Buying a New Mazda
- You own the vehicle; it is now an asset
- You can modify your vehicle
- You don't have mileage restrictions
Cons of Buying
- Higher monthly payments
- Possible selling/trade-in hassles
- Responsible for repairs beyond the warranty
When it comes to whether leasing or buying is the right option for you it requires assessment of your personal life and circumstances. You can learn more about financing options here at Riley Mazda when you visit our finance center. We encourage you to come by our dealership here in Stamford, CT, just a short drive from Greenwich and Milford, to speak with one of our Mazda auto experts about a new car right for you.
