Buying and Leasing at Don Miller Mazda
If you're in the market for a new or used car, there's a good chance you're wondering whether to lease or buy. The good news is that no matter which option you go with, you won't be disappointed by the award-winning models on our lineup. But seeing as how both options have their own unique benefits, we thought we'd take this opportunity to give you an idea of what each has to offer.
If you choose to buy a vehicle, you own it and get to keep it for as long as you want. You can sell it at any time, you modify or customize it as much as you'd like and you don't have to worry about any extra charges for wear and tear. The catch is that your vehicle's cash value will depreciate over time and your monthly loan payments will likely be higher than lease payments, but you'll be able to drive it as much as you want.
If you choose to lease a vehicle, you don't own it and will have to return it at the end of the lease period. Most leases also limit the number of miles you're allowed to drive within a given year and will charge you extra for what is considered excessive wear and tear. On the other hand, your payments will be lower, you won't be affected by the vehicle's depreciating value in the future and, at the end of your lease, you'll have the option to buy the car or lease/buy a new one.
Since we've only just scratched the surface, feel free to fill out one of our online contact forms and a representative from our financing department will be happy to answer any questions you may have. Or if you'd like to do some comparison shopping, our lineup awaits here in Madison, WI.