Should I Lease or Buy my Next Car from Northtown Mazda?

You're shopping for your next vehicle, and you're looking for something special. It's no surprise that your path led you to a dealership like Northtown Mazda. Our dealership, based in Amherst, NY, has access to an inventory that includes a number of the market's best new models. It doesn't matter if you want an agile sedan like the Mazda3 or a dynamic SUV like the Mazda CX-5. Our dealership can send you home to Buffalo, NY in something you'll love.

There's more to buying a car, however than finding a dealership with a great inventory. You'll need the financing to make it affordable. Luckily, that's an area where Northtown Mazda can help you too. Our dealership maintains an onsite finance center that can offer you valuable options for loans and leasing. Most importantly of all? We can help you understand the differences between them and decide on which one might be right for you.

What's the Difference Between a Loan and a Lease?

We don't have any trouble saying that both loans and lease offers have value. Where the challenge lies is in figuring out which option has the most value to drivers like you.

Let's say you're a driver from Niagara Falls, NY that values their freedom and flexibility. If that sounds like you, then a loan might be the best option for you. While loans typically come with higher monthly payments and require more money down, they also establish a vehicle as being more thoroughly yours. You can drive it as much as you want. You can modify it or sell it. As long as you pay off the loan, it's yours to do what you please with. And when the loan's gone? You can enjoy years of payment-free driving. That fact alone is all that many North Tonawanda drivers need to convince them.

There are just as many drivers in Tonawanda and Lockport, NY, however, who will be drawn to the benefits of a lease. Lease agreements tend to be easier to qualify for and require less money down. Most importantly, however, is the fact that they offer lower monthly payments than you'd ever enjoy with a loan. If you have your heart set on a new car, but you don't want to pay an arm and a leg, a lease is the way to do it. The fact that many lease agreements also come with thorough lease agreements doesn't hurt either.

There cons to leasing, of course. You don't get to keep a leased vehicle when the lease ends. You'll have the option to take out a loan and buy it, but otherwise, you'll have to return it to the dealership. Leased cars also come with restrictions like annual mileage caps. If you drive more than your allotted mileage, you can stand to incur extra fees.

Find the Loan or Lease for You at Northtown Mazda

Do you have additional questions about loans and leasing? Would you like to know more about the current lease offers available at Northtown Mazda? Reach out to our finance team today. We'd be happy to tell you more about everything on offer in our new Mazda inventory. We can likewise point you toward lease specials designed to help you save.

Whatever your vehicle needs might be, don't hesitate to get in touch with the sales team at our dealership in Amherst, NY. We're always to talk with our customers and find new ways to help you enjoy the vehicle experience you deserve.