Leasing vs. Buying

Should you buy or lease a car? If you’re shopping for a new vehicle for sale in greater Brookfield, this is one of the most important decisions to consider. First off, neither leasing nor financing are superior to the other; these financial packages are tailored to suit different needs. Take a moment to learn about the unique benefits of leasing vs. financing. Then, apply for a pre-approval at Frank Boucher Mazda of Racine and contact us to get started with the next steps!

Should I Buy or Lease a Car?

In order to answer this question, it’s helpful for our New Berlin neighbors to know what leasing and financing are. When you lease, you get temporary access to a vehicle, and you only pay for the depreciation that occurs over the course of that temporary lease term. When you finance, you take out a loan on the full value of the vehicle with the intent of ownership. With that out of the way, let’s compare the benefits of leasing vs. financing:

Benefits of Leasing

When you lease, you’re only paying off a few fees and the estimated depreciation that will occur over the course of your lease term. This means that:

• Your monthly payments will be lower.
• There will be low to no down payment requirements.
• When your lease is up, you can renew it, walk away, terminate it, or swap it out. In fact, you can even finance it.

Benefits of Financing

As we mentioned earlier, when you finance a vehicle, your loan will cover its entire value—not just the depreciation. But you retain the right to sell it at any time. Any funds over the remaining principal of the loan are yours to keep as equity. The benefits of financing include:

• The right to sell the vehicle at any time and enjoy the equity you’ve built.
• The right to customize your vehicle however you see fit.
• You won’t have to worry about any usage limitations associated with leasing.

Do You Have More Questions About Leasing vs. Financing?

If you have any more questions about whether you should lease or finance a car for your Racine commute, call Frank Boucher Mazda of Racine at (262) 254-3015 to arrange your test drive. We’ll make sure you’re empowered to make an informed decision when choosing the right option for your needs. Before you speak with our financiers, explore some great deals on our showroom floor to see how much you can save. We’re just a short drive from Waukesha, so come out and see us!