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Buying Vs. Leasing - Bert Ogden Mission Mazda - Mission, TX

Buying vs. Leasing

 

When you are in search of a new car, truck, or SUV, you have two options available to you: buying or leasing. Both options have their benefits, and both are possible at Bert Ogden Mission Mazda. Which route you take depends entirely on your needs and preferences.


Leasing

When you lease a vehicle, you are essentially renting it for a predetermined amount of time. Typical lease contracts last 3-5 years. At the end of the contract, you turn over the vehicle and go on your way. You do not have to pay the full price of the car, just the difference between its sticker price and its anticipated worth at the end of the lease. That often results in a low or no down payment and smaller monthly payments.

Leasing helps you to afford a vehicle that would be out of your price range if you were buying it, especially a more luxurious model or a higher trim level of a model you like.

When you lease, you must stick to mileage restrictions (usually 12,000-15,000 a year) and are limited in what customizations you can make to the vehicle. You may also be financially responsible for cosmetic damage to the vehicle, like rips in leather or scratches on the exterior paint.


Buying

Buying a car is more expensive, but it is a better long-term investment. If you purchase a vehicle and pay it off in three years but drive it for another seven, you are driving payment-free for seven years. You can also sell the vehicle when you are finished with it and pocket that money. You are free to drive it as much as you want and make whatever changes you desire.

However, the longer you hold onto a car, the more money you will have to sink into it in repairs and maintenance. Leasing a new car every few years avoids the problem of late-in-life repairs.


Whether you want to buy or lease, Bert Ogden Mission Mazda in Mission, TX is ready to work with your financial situation and get you in the seat of the car you want.