HOW TO LEASE A NEW MAZDA CAR AND SUV?
January 07 2022, Wolfe Mazda
The traditional route to driving a new Mazda is to take out one of our competitive finance packages, which are easy to apply for online and offer high approval rates. But if you don't want to take out a new car loan, that doesn't mean you can't get behind the wheel of your ideal Mazda vehicle.
The Mazda lease facility available through the Wolfe Langley Mazda dealership offers a flexible and affordable way of driving a brand new Mazda car, and here's what you need to know before applying.
Although both leasing and financing are excellent ways of funding your new drive, leasing has several valuable advantages which make it a better choice in many situations.
- With a Mazda lease, on average you'll pay less each month for the same quality of car.
- You'll also only pay tax on your monthly payments, rather than the sales tax on the full purchase price of the vehicle. This could save you thousands of dollars over the course of a lease contract.
- You can change your car more often, with typical lease periods lasting for between two and five years. Once the lease runs out, you can simply switch to a new model to enjoy the latest advances in technology and comfort.
- When the lease contract is over, you can choose to purchase your car at an agreed price, take out a new lease, or simply walk away with nothing further to pay.
- At the end of a Mazda lease deal, you can also choose to finance a certified pre-owned vehicle at a preferential rate, providing a perfect blend of quality and value.
Are There Any Drawbacks?
However, as with any financial service, leasing isn't the perfect fit for everyone. There are some drawbacks that you'll need to be aware of before committing yourself to a contract.
- Although a Mazda lease offers flexible terms, there may be a monthly kilometre limit. If you regularly exceed the driving amount, you could wind up with significant extra charges. However, this can be avoided by discussing your typical driving needs with us first.
- Although you can walk away at the end of the lease period, your payments won't have built up any ownership of the leased vehicle. You won't have an asset to trade-in against a new model if you decide to stop leasing.
- Any damage to your vehicle, or other issues beyond regular wear and tear, could see you landed with a repair bill at the end of the deal.
Nonetheless, so long as you're aware of these potential drawbacks, they're all easy to avoid.
