Guide to Leasing a New Mazda | McKinney, TX
If you’re in the market for a new car or SUV, one of your best options is a lease here at El Dorado Mazda in McKinney, Texas. If you’ve never leased a vehicle before, this guide will help get you up to speed on the leasing process, teach you the terminology you need to know, and help you understand what to expect.
What Is a Lease?
When you lease a new Mazda vehicle, you’re essentially paying the dealership to drive it for a set amount of time instead of buying it. For the duration of the lease, your monthly payments will cover the depreciation of the vehicle, along with certain fees. Once the lease ends, you simply return your Mazda3 or Mazda CX-30 to the dealership. In some cases, you can also buy out your lease if you want to keep the vehicle.
Advantages of Leasing a New Mazda
Leasing a new Mazda car or SUV comes with multiple advantages. First of all, a lease can save you money. You’ll typically need a smaller down payment and will be able to enjoy smaller monthly payments, too. Often, maintenance and repair costs are built into a lease agreement with the potential to help you save even more.
Leasing is a great way to always stay behind the wheel of the newest, most up-to-date Mazda vehicles. Most lease terms last two to four years. Once your lease is up, you can turn your vehicle in and seamlessly transition to the latest model.
If you’ve been wanting to drive a more premium vehicle, leasing offers a more affordable route. For example, instead of purchasing the Mazda CX-5 at a lower or mid-range trim level, you could spend a similar amount and lease the luxurious Grand Touring Reserve or top-of-the-line Signature trim.
Elements of a Lease
Before you start shopping, it’s important to be aware of the key elements of a lease agreement.
Steps for Leasing a Vehicle
In many ways, the steps you take to lease a vehicle are like the steps you take to buy one. You’ll need to determine your budget for monthly payments, check your credit score and pre-qualify for financing, visit El Dorado Mazda to test drive your preferred vehicle, and negotiate the terms of your lease with our finance department. We’ll be happy to help you each step of the way!
To learn more about the leasing process or to schedule a test drive in your favorite new Mazda model, contact us here at El Dorado Mazda in McKinney.