Leasing a Car: What Is It, and What Does It Mean?

March 22nd, 2018 by

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As you shop around for your next vehicle, you may be torn between financing or leasing your new car. However, at Mazda of Manchester, we want to take the confusion out of car shopping. If you’re considering leasing a vehicle around Hartford, dive into our leasing guide to learn more about the process and what it entails. Then get in touch with our financing department to set up a personalized payment plan that’s right for your budget.

What is a Lease?

2018 Mazda CX-9
2018 Mazda CX-9 Interior Features

Leasing is an affordable short-term version of financing. Leasing is often compared to a long-term car rental, but it’s different from renting. When leasing a vehicle, the lessee actually finances the vehicle for the value of the car over predetermined amount time, as opposed to the total value itself.

What are the Benefits of Leasing?

There are many benefits to leasing a vehicle, but perhaps the biggest draw is the prospect of driving a new car every three-or-more years. Another benefit is the cost of monthly payments. Lease payments are generally lower than financing payments, since lease payments cover the cost of a lessee’s designated time with the vehicle, rather than paying for the overall cost in the case of financing. Additionally, maintenance costs on a lease are often under warranty, so there are no added service charges should you need a tune-up.

2018 Mazda3 Hatchback
2018 Mazda3 Hatchback Interior Features

Should I Lease my Vehicle?

This is often the toughest question to ask yourself when car shopping, but it really depends on your needs and preferences. Should you need assistance with calculating possible monthly payments, or have any other questions about leasing, you can always contact our financing department and speak to one of our experts.

2018 Mazda CX-9
2018 Mazda3 Hatchback Interior Features

Lease Your Vehicle at Mazda of Manchester

When you’re ready to lease, or looking for your next new vehicle, choose Mazda of Manchester in Manchester! Shop our current lease offers to find a deal to best competitors around Vernon and Glastonbury, then get in touch to set up an appointment with our finance team to choose an appropriate payment plan! We can also discuss the different types of car insurance required when leasing.

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Posted in Leasing