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3201 Cattle Drive, Bakersfield, CA 93307
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Buying vs. Leasing at Bakersfield Mazda
There are two main ways to get a car: buying or leasing. Each method of purchase has its own unique advantage, which is why we’ve put together a brief overview on buying vs. leasing. No matter what you’re looking for, there’s a car out there that’s right for you.
Buying is a great option for anyone who’s looking for a long-term investment. Buying usually involves a larger down payment and large monthly payments. While all that might sound expensive, you get to keep the car when you’re done. This makes the vehicle an investment, giving you something for paying a little extra.
Owning a car is a great feeling, and if you eventually decide to move on to another model, you can resell your purchased vehicle and make some of your investment back. Typically, insurance costs and extra fees will be lower when you buy a car, so you may end up saving even more money.
Leasing, on the other hand, is basically renting a vehicle from a dealership. You pay a small down payment or deposit, and then you simply pay the depreciation of the car while you have it. That means that you have smaller monthly payments – a great option for people looking to upgrade every few years. This is great for people who like variety, as well as people who simple like to switch things up. The only downside is that you don’t own the car at the end of the lease agreement.
However, by leasing you can offset depreciation—something you encounter the instant you drive a newly purchased car off the lot. Just trade in your car at the end of its lease and you can take home a newer model.
Which is right for you? Stop by Bakersfield Mazda to find out today! Our financial team is here to answer any questions you have about the process so you can make an informed decision about your next car.