If you’re like most folks in Portland on the market for a new vehicle, then there’s a good chance that you have been thinking about how to pay for it. Most of our customers here at Power Mazda do not pay for their vehicle up front, but instead decide to lease or finance. Read on to discover the benefits of both options!

BENEFITS OF BUYING AND FINANCING

Many customers who come to our dealership from near Wilsonville want to finance their vehicle. Financing involves borrowing money to purchase the vehicle up front. Once you have completed your payments to the institution the money was borrowed from, the car belongs to you! There are a range of advantages to financing, including:

• Ownership – Each monthly payment you make on a financed vehicle is helping you build equity. By the time you finish paying off the vehicle – usually 36, 48, or 60 months – you’ll own the car outright, and will no longer have to make monthly payments.
• Customization – Owning a vehicle allows you to do whatever you want with it. Get a custom paint job, a new speaker system, or install new parts to your vehicle. There is no penalty for making your Mazda unique!

BENEFITS OF LEASING

If financing isn’t for you, the other option is to lease a vehicle. Leasing involves borrowing a vehicle at a monthly fee for a given amount of time. After this time is up, you have the option to return, exchange, or buy the vehicle. Some advantages to leasing a Mazda from Power Mazda include:

• Affordability – Vehicle leases usually come with lower down payments and lower monthly payments. This means that you can afford to drive a nice vehicle without overextending your budget.
• Newest Features – Leases plans usually come with 24 to 36-month contracts, which is much shorter than a common financing plan. As soon as your lease is done, you can come in to Power Mazda near Eugene and get a new lease on a vehicle with the latest technology, performance, and features included!

And if you really loved your leased vehicle, you can explore the lease buyout process so you can finance it.

EXPLORE YOUR OPTIONS AT POWER MAZDA

Which option makes more sense for your next vehicle? Visit Power Mazda in Salem to take a test drive and to further explore the benefits and differences between financing and leasing. Also, your credit score may be a determining factor. Contact us to discover more, including information about good used car mileage and if you can trade in a financed car!