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Now that youve chosen the right Mazda for your needs, its time to decide whether you are going to buy or lease. Here at Art Hill Mazda, we understand that the choice can be intimidating. In order to help make the process as easy as possible, weve created this comparison page. That way, you can be sure that when you leave our Mazda dealership in Merrillville, IN, youll rest easy knowing that you got exactly what you wanted.
For those looking to upgrade their vehicle every few years, a lease is the perfect option. Usually lasting 2-3 years, the end of your lease contract will leave you with the choice to either purchase the vehicle youve leased or trade up to the latest model. Though you wont own it at the end of the contract and there are often restrictions regarding mileage, a lease does offer lower monthly payments than financing. Take a look at the table below for more information on the benefits of leasing your next Mazda car, crossover, or SUV.
|Who Owns It||After your lease contract is up, you have the choice to purchase the vehicle or sign another lease contract for a new vehicle.|
|Up-Front Costs||Typically, youll be asked to pay the first payment, security deposit, and any required state fees and taxes.|
|Future Value||Those who lease a Mazda wont have to worry about the depreciation of the vehicle because they dont own it. They may consider the vehicles future value if they plan on purchasing the vehicle after the lease has ended.|
|End of Payments||Once your lease payments come to an end, so does your lease. Youll be required to pay the end of lease fees you agreed upon at lease signing as well as any damage to the vehicle that doesnt fall under basic wear and tear.|
If you are looking to own your vehicle after youve finished paying it off, then you may want to consider purchasing your vehicle from our Mazda dealership in Merrillville, IN. When you finance your next Mazda, there are no mileage or customization restrictions, so if you want to customize your vehicle with genuine Mazda accessories, you are more than free to do so.
|Who Owns It||After youve finished paying for your Mazda, you will own it outright.|
|Up-Front Costs||A down payment is required for an auto loan, which is to be decided by you and the dealership. You will also need to pay any additional state registration fees.|
|Future Value||A vehicle depreciates in value as time goes on, so when you own the vehicle and would like to sell, every imperfection is taken into consideration for the vehicles value. On the other hand, you have the freedom to sell it wherever and whenever youd like.|
|End of Payments||Once your payments are complete, you will own your vehicle. You can freely drive it for as long as youd like.|
For more information on purchasing or leasing your next car, CUV, or SUV from our Mazda dealership in Merrillville, IN, please dont hesitate to contact Art Hill Mazda through our website or by calling our product specialists at (219) 738-5300.