Superior MAZDA Asks, “Is it Better to Buy or Lease a Used Car?”

“Is it better to buy or lease a used car?” This is a question our local Mazda dealers hear more and more as the used cars market continues to heat up. Similar to buying or leasing a new automobile, the answer depends on your budget and your short- and long-term goals.
Why Buy?
For starters, buying a used car at Superior Mazda allows you to avoid the big depreciation hit that every new car experience during the first year of ownership. So not only are you able to get more car for your money, but you don’t have to pay as much upfront in the form of a down payment.
Also, whether you choose to work with your bank or our Mazda financing specialists, you can finance a used car through traditional new-car methods if you’d rather not make a large outlay of cash. And last but not least, you have the opportunity to pay the car off, own it outright, and sell it for cash down the line – or put the equity towards another Mazda automobile.
Why Lease?
Leasing a used car is a great way to minimize your monthly payments. This is possible because not only has the original owner paid off a good portion of the depreciation, but also because leasing means you’re not financing the car’s full value – only the value that applies to the lease term.
Another reason to pursue a used-car lease at our Mazda dealership Bentonville, AR is that you could still be covered by the vehicle’s original warranty. In fact, every new Mazda model comes with a three-year/36,000-mile limited warranty and a five-year/60,000-mile powertrain limited warranty – so there’s a good chance that one or both of these will be available to you.
Yet another reason to lease a used car is the flexibility that a lease offers. Instead of buying a car and being “married” to it for the next several years, you can lease a great vehicle for three years, enjoy excellent support and Mazda service, and then trade it in for a completely new model.
Or we can talk about having you buy the car outright – or option three, which is that you drop off the keys and go a completely different direction when the lease is up.
Whether you decide buying or leasing your next vehicle is right for you, know that the team of Mazda dealers here at Superior Mazda has your back. Get in contact with us if you have any questions!