Should I Buy or Lease?

2019 Mazda3 Parked on Side of Street


An important part of finding your next new vehicle for your Troy commutes is deciding what the best financial path to take is. Consider the differences of leasing vs. buying. There are benefits to both buying and leasing, but you need to keep in mind your needs, what you can afford, and what you want. Many drivers ask, “what’s the difference between finance and lease.” Take a closer look at the benefits of a lease and finance option to help you choose the option that’s best for you and your budget at our finance center.

Benefits of Buying

  • No Mileage Restrictions: If you drive your vehicle outside of Latham more often than staying in the area, you might want to consider buying. Leasing means mileage limits, but if you purchase the vehicle, you can drive all you want.
  • Total Ownership: Buying a vehicle means it’s yours completely. This means you are free to do with the vehicle what you please. There are no restrictions on how it’s modified, decorated, etc.
  • Customization: If you’re looking to make your new vehicle fit your personality, buying rather than leasing will allow you to make all of the cosmetic and mechanical changes and upgrades you desire.
  • Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.
  • Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward, and generally open to those without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: While the initial period of purchasing a car is more expensive, it’s less troublesome in terms of cost over time as you’re closer to paying off the loan. And in the end, the vehicle will become less expensive to own the longer it’s in your possession.
2019 Mazda CX-5 at a intersection

Benefits of Leasing

  • Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs will be much lower than buying.
  • Less Sales Tax: In most states, you’ll find leasing a vehicle will drastically lower sales tax. In some areas, you only have to pay tax on the amount you put forth on the down payments and for monthly payments.
  • Trade-Ins: Once your lease agreement ends, you can easily start the process to lease your next vehicle, Make your way to your local Cooley Mazda retailer and drive home in your next vehicle of choice.
  • Great Coverage: Both warranty and maintenance coverage is easy when leasing. As long as you stay within the mileage limit, it’s covered.
  • Options: When leasing, you can choose from the newest models with the most up-to-date technology each time you lease. No matter what you’re looking for, you can get behind the wheel of a newer model without the new car price.
  • High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved. This is a big difference between lease and finance that will benefit all drivers.
Couple getting into 2019 Mazda CX-9

Explore Leasing and Financing Options at Cooley Mazda

Whichever you choose, remember the decision is based entirely on your needs and financial situation. Explore all of your Mazda leasing and financing deals at Cooley Mazda today, browse our inventory of used Mazda CX-5 models, apply for financing online, learn about second chance financing, who makes Mazda, the Mazda CX-30 price, and get in touch if you have any questions about your lease and finance options at Cooley Mazda.

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401 N. Greenbush Rd. • Rensselaer, NY 12144

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Cooley Mazda 42.6659853, -73.6907998.