Buying vs. Leasing

Learning What You Need To

Deciding how to purchase a new vehicle can be a daunting task full of questions and unknowns. At our Queensbury Mazda dealership, each of our teams is dedicated to providing you with the answers you need to make a decision. Figuring out what to choose between a car lease and a car loan can make all the difference in your life.

Here, we will be discussing what a car lease is, what a car loan is and which one is suitable for your lifestyle and budget. Keep on reading to learn more about the finance option that we have to offer all of our drivers.

What Is A Car Lease?

In simple terms, a car lease is a long-term vehicle rental. Each one comes with a set of lease terms which generally include a certain amount of time to drive the vehicle and a mileage limit. Once this time is up, you will be required to return the vehicle to the dealership, and then you will have a few choices. You can choose to lease a newer model of the same vehicle again, choose a different vehicle to lease or enter an agreement to purchase your leased vehicle.

A car lease typically lasts about 3 years and is reserved for the latest models. A couple of benefits from a car lease include low monthly payments and little-to-no down payment. You can browse through our selection of lease specials and learn more about getting a car lease from our Mazda finance professionals today.

What Is A Car Loan?

On the opposite side of a car lease is a car loan. This has been one of the top auto finance options for anyone looking to purchase a new vehicle. This option has the benefit of you owning the vehicle outright once the loan amount is paid off. Our finance professionals will work with you, alongside our lenders, to find the right interest rate so you can have the lowest monthly payments possible. They will take into account your down payment and your credit report to find the right amount.

Built right into each of our models online is an auto loan calculator where you can estimate how much your monthly payments would be, including your down payment and average interest rate. Feel free to call us to learn more information about how you can get an auto loan from our Mazda finance center.

Which Is Best For Me?

There are a few factors to figure out which auto finance option is best for you. You should take into account how long you want the vehicle, how much you can afford per month and whether or not you know exactly what kind of vehicle you want. A car lease allows you to try out different vehicles every few years so you can have a better understanding of what you want. Although if you know what you need, an auto loan could be perfect. This option will give you the ability to own the vehicle for life until you sell it yourself. To help you determine which option would be best for you, feel free to call our finance professionals and ask any questions you may have. The team at our Mazda dealer in Queensbury is ready to get you behind the wheel of a new Mazda today.

Find Your Match

Now that you know a little bit more about the difference between a car lease and a car loan, you can have more confidence when purchasing a new vehicle. Browse through our selection of new and used cars, trucks and SUVs to find the perfect match for your life.

If you're unsure of what you want, our sales associates will listen to your individual needs and point you in the right direction. Then, you can visit our Mazda finance center and talk to a finance professional about finding the right option for your situation. We are your local Queensbury Mazda dealer, and we are ready to help you get behind the wheel of the perfect vehicle.