The Difference Between Leasing and Financing
While both leasing and financing will allow you to take home a new Mazda from us, these two options offer vastly different experiences when it comes to how you pay for your vehicle over time. Traditional financing means you're paying for the complete value of the vehicle over the term of the loan. At the end, you'll own the vehicle outright, and as you make payments you're continuously building equity toward that ownership. Meanwhile, leasing is a payment plan that covers the depreciation rather than the complete value of the vehicle, giving you a lower monthly payment. In addition, most lease terms are shorter than traditional auto loans, meaning you'll be upgrading your vehicle more often.