ADVANTAGES OF LEASING YOUR NEXT NEW OR CERTIFIED PRE-OWNED MAZDA FROM STEET PONTE MAZDA

If you're someone who enjoys owning the latest and greatest version of everything from smartphones and laptops to sporting gear, you may want to consider leasing your next car. If you've found a car you love, but finance payments are a little outside your budget, that's another reason to consider leasing. In short, there are some distinct advantages to leasing - versus financing - your next new Mazda or certified pre-owned (CPO) Mazda.

• You'll have lower monthly payments and a lower - or even no - down payment. Monthly lease payments are typically lower than monthly finance payments, because you're only paying for the depreciation of the vehicle during the term of your lease, rather than paying for the whole vehicle cost. As far as the down payment goes, the amount is usually lower when leasing, and in some cases the dealer will waive the down payment all together.
• You can drive a new car more frequently. It's now possible for qualified buyers to lease a car for as short as 24 months, and leases typically are for 36 or 48 months at the longest. That means you can be driving a new model as often as every two years.
• Your maintenance and repair costs are minimized. Because a new or CPO lease is typically the same length or, more likely, shorter than your car's new vehicle warranty, you'll be covered for most major repairs and in some cases, regularly scheduled maintenance. You can drive more car than you might otherwise be able to afford. Because your monthly payments are lower, along with a lower or no down payment, you can choose to lease a more expensive car than you might choose if you were to finance the purchase. At the very least, you may be able to afford a nicer trim level.