When it comes time to drive a new Mazda car off the lot, two of the most popular Mazda finance options are loans and leases. Both are good options but for different reasons, and the right decision for one driver will not necessarily be the best choice for another. Here at Fields Mazda of Asheville, our finance professionals are happy to explain the differences between these two options.
Understanding MAZDA Loans
Taking out an auto loan on your new Mazda car is a common way to pay for it. These are some key points to consider regarding auto loans.
- Ownership: The primary benefit of loaning versus leasing is that you will eventually own the car when the principal plus interest has been repaid. When you own the car, it becomes your asset, and you can do what you wish with it.
- Mileage and wear and tear: With a Mazda loan, you don’t need to worry about accumulating mileage or wear and tear charges.
- Configuration option: When you take out a loan on a Mazda car, you are free to do what you wish with it, including customizing it with Mazda accessories
MAZDA Leases: What to Know
You can think of a Mazda lease as being similar to a long-term rental. You pay a monthly fee to be able to use the car for a specific length of time, typically 24 to 36 months. The main upside of leasing over buying is that leasing tends to come with lower monthly payments. However, you should keep in mind the yearly mileage allowance and wear and tear charges that are included with leases.
MAZDA Leases and Loans in Asheville, NC
Whether a lease or loan is the right choice for you, you can get the ball rolling on your Mazda finance here at Fields Mazda of Asheville. Our Mazda finance experts are here to find you the best terms to fit your lifestyle, so contact us today to get started!
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