What Are the Differences Between Leasing and Buying?

Finding the right purchasing option for your driving needs and your financial situation is vital. That is why our financing team is here to help you every step of the way through the purchasing process, including helping you find a financing plan that benefits your needs.

What is the difference between leasing and buying, though? And which option is a better investment opportunity?

Buying a car is often what people consider the default option when they arrive on our lot. It is true that investing in a vehicle can have a multitude of benefits: you have ownership of the vehicle, for example. However, there are also some drawbacks: taking out an automotive loan can be scary for some folks, both because of the amount and length of the loan, and because it requires a credit check. This is also not a great option for folks who want a short-term vehicle.

Leasing a car is akin to renting an apartment. You don’t have to take out an automotive loan, and it offers more financial flexibility on a monthly basis (leasing is a set monthly amount, while buying is based on a variety of factors). However, leasing also has some drawbacks: there are mileage parameters you have to abide by, and you have to keep the vehicle in good condition.

Regardless of which option you prefer, you can visit us at Mazda of West Ridge, located in Spencerport, NY to learn more. Our team would be proud to help you finance your dream vehicle.

We also proudly serve drivers in Spencerport, Greece, NY; Rochester, NY; and Brighton, NY.

 

Categories: New Inventory