Explore all the key comparisons Leasing vs Buying your new Mazda has to offer.

From lifestyle needs and goals to your budget and personal preferences, the experts at The Autobarn Mazda of Evanston is here to help. If you have any questions contact us or come by in person at our dealer conveniently located at 1015 Chicago Ave. Evanston, IL 60202. And if you're looking to finance your next Mazda, our  financing Mazda specialists are here to help. We'll go over every option clearly, and will work hard to find the right plan for you.

What's the difference between leasing vs financing?

When you finance a new car, you are taking out an auto loan and you own it. Leasing is similar to renting a car and making payments that allow you to use the car for an agreed upon amount of time. After the lease agreement expires, the car must be returned to the dealership.

Should I Lease or Purchase My Next Mazda?

  • Leasing is often less expensive from month to month.
  • If you choose to finance, you'll own your vehicle after you've paid off your loan.
  • If you want a new Mazda every three years, leasing can cost less.
  • Leases charge more the more you drive, and might be a bad choice for high-mileage drivers.

What are the benefits of leasing?

Leasing is similar to renting, you make payments for the use of the car over a certain time period, and you return the car at the end of that period. A lease normally runs for 2-3 years, benefits of leasing include:

  • Lower monthly payments.
  • Never "upside-down".
  • Fewer repair costs.
  • Latest features.

What are the benefits of buying?

Buying a car offers several advantages vs leasing. With less restriction and the ability for it to become an asset, buying a car can be a great long term investment. Key benefits of buying include:

  • Paying less over the long term
  • Asset with option to sell
  • No miles limitation

What are the negatives of leasing?

  • No asset advantage
  • Limited mileage, with the option to purchase extra
  • Repairs can be costly if returned in rough shape.

What are the negatives of buying?

  • Higher monthly payments
  • Higher down payment
  • Higher repair costs
  • Vehicle depreciation

What does financing a car mean?

Financing a car means you're borrowing money from a bank or financial institution so you can purchase the car from a dealership or private party.

Stop by The Autobarn Mazda of Evanston

Whatever your choice, The Autobarn Mazda of Evanston has all the latest and best deals with numerous leasing and financing options. It is our mission to be the automotive home of drivers in the Evanston, IL area. We provide a vast selection of new and used vehicles, exceptional car care and customer service with a smile!

Make an Inquiry