Buying vs. Leasing | Serving Lugoff & Florence| Scott Will Mazda

Buying vs. Leasing Your New Vehicle

When looking for a new vehicle, there are many decisions that must be made. In addition to what make and model you're looking for, it's important to decide if you would rather lease or buy.

That decision can occasionally be a difficult one, which is why, here at Scott Will Mazda, we've made a list of perks for both options. Keep reading to find out which one is right for you.

WHY LEASE A VEHICLE?

Freedom of Choice

Freedom and flexibility are two of the best benefits of leasing a vehicle. When leasing, customers have the option to drive a new vehicle every few years if they choose and postpone the purchase decision, without the inconvenience of having to sell or trade the vehicle.

Flexibility

The average leasing terms range between 24 and 60 months. With shorter terms, you're able to make more affordable payments. Plus, you're able to pick your mileage. Lessees are normally given 12,000 or 15,000 miles per year, but if you need a higher mileage limit, you're given the choice to purchase more miles at signing.

Lower Payments

Because you're only purchasing the right to drive a vehicle for a specific period of time, your financial responsibility and your monthly payments may be decreased. Also, if you're not ready to pay a large down payment, then leasing may be a better choice for you, as there are options that require $0 down.

Hazard-Free Driving

Because most leases last for two to three years, your vehicle is generally covered with warranty protection for as long as you have it.

True Convenience

When a lease ends, you simply return your vehicle and pay any fees that remain (such as for excess mileage or wear and tear) and taxes. If you've made the decision that you'd like to keep your vehicle at lease-end, you can also take the opportunity to buy it at a predetermined price. In either case, there's no need for you to sell it or trade it in unless it benefits you.

WHY BUY A VEHICLE?

Ownership

Ownership is the top benefit of buying your next vehicle instead of deciding to lease. If you are looking to keep your vehicle for an extended time or for as long as possible, then buying is the better option for you. Plus, choosing to buy rather than lease provides you with the option to customize your vehicle to match your lifestyle.}

No Mileage Limitation

When financing your vehicle, you are accountable for the miles you travel and don't have a mileage restriction like you do with leasing. Leasing requires that you calculate in advance how many miles you will drive each year. Ownership allows you the freedom to drive as much and as far as you desire without collecting fees.

Payment Flexibility

When purchasing a vehicle, you can choose to finance or buy up front with cash. If you buy with cash, you become the owner of the vehicle immediately and don't have to worry about monthly payments. If you choose to purchase a vehicle by using a finance program, you have an extended period of time with a loan to pay off the vehicle. For the best outcome when financing, we strongly recommend that you acquire the most affordable, dependable and competitive rates possible, such as what we offer here at Scott Will Mazda.

True Freedom

When you complete your payment schedule, in typically four to six years, you own your vehicle. You can keep driving it for as long as you desire without any further payments, or choose to sell or trade at any time. Once you own the vehicle, you're no longer making monthly payments, which means you could potentially place those same funds toward your savings.

If you’d like to purchase or lease a new 2018 Mazda model in Sumter, SC, stop by our dealership at 2540 Broad Street, Sumter, SC 29150. We look forward to serving our customers from Lugoff and Florence.