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!
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:
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:
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:
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!
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