LEASING VS BUYING YOUR VEHICLE

The purchase of a vehicle is a major expense, and unless you've been able to raise enough money to buy it in cash, you inevitably end up with monthly payments, whether you buy your vehicle or lease it. But to determine whether to lease or buy, you must first do our homework. It all depends on your driving habits, your financial situation, whether you plan to switch to a new vehicle soon or keep it for a very long time, whether you will need to move to another country or whether you plan to have children in the near future. In short, before embarking on one of the most important expenses of your life, it's best to ask yourself the right questions.

Leasing vs. Buying

Both have their advantages and disadvantages. Leasing your vehicle, for example, will allow you to acquire a new vehicle, even if you don't necessarily have the budget for it, since your monthly payments will generally be lower than for a purchase. This will also allow you to opt for a better equipped model or use the money you save for other debts or expenses.

On the other hand, the obvious reason to buy your vehicle is of course that it belongs to you, which is the best solution if you want to keep it for a very long time. At the end of your payments, you will only have to pay for regular maintenance and repairs. Finally, start to evaluate your needs and habits, whether you cover a lot of kilometres annually or very little. With a Mazda lease, you'll know the depreciation value and you can either buy it at the end of your lease or change it for a newer one.

Our financing experts at your Longueuil Mazda dealership on the South Shore of Montreal, near Boucherville and Brossard, are here to guide you and explain the differences between each financing option. It will make it easier for you to decide what's best for you. Come see us as soon as today and together we will find the best alternative for you and inform you about our monthly promotions on both purchase and lease.

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