How Budget-Friendly Is a MAZDA Lease?

Buying and leasing is a common topic of discussion among dealership visitors. For those who lean towards a Mazda lease, is this a budget-friendly option? More specifically, do you save more money compared to a car purchase?

At Superior Mazda, our dealers can help you assess whether leasing is a more cost-effective solution.

Monthly Payments

On average, the monthly lease is cheaper than the monthly payment of a purchased vehicle of the same model. With leasing, the payment includes the vehicle, rent charges, and depreciation during the lease term. Monthly finance payments have higher fees that include the entire car’s purchase price, as well as interest, finance charges, and tax.

Maintenance Cost

Lease terms are two to three years on average, while most warranties last longer than this. This means you’ll have a warranty to cover the entire length of your lease contract. Unless there’s major damage, out-of-pocket costs for vehicle servicing should be minimal.

No Down Payment

Unlike a purchase, there’s no down payment in a lease. However, you may elect to pay a portion of the contract’s capitalized cost or the total cost of the lease. This will bring down the monthly payments and is known as a capitalized cost reduction; this variable can be an effective budgeting tool.

When Leasing Can Get Expensive

There are factors where leasing can be more expensive. For example, if you drive over the mileage limit stipulated in your contract, you can be hit with additional penalty fees. If the vehicle incurs damage, even minor dents, you’ll have to cover the cost of repairs when you return the vehicle.

Inquire About MAZDA Lease Options at Our Bentonville, AR Dealership

Superior Mazda provides both lease and purchase options for the latest Mazda models. A consultation at our finance department will determine if you qualify for any current leasing limited-time offers. We can’t wait to help you!