Leasing vs Buying a New Car

Leasing vs Buying

Why Lease a New Car?

If you prefer to drive newer, safer, more reliable cars, trucks, or SUVs, but not make a considerable down payment every 3-4 years, and also do not drive an enormous amount annually, then a new car lease might be best for you. Leasing is designed for people who prefer to avoid the annoyance of selling and buying each time they want to upgrade to a new vehicle.

Why Buy a New Car?

On the other hand, if you want long term automotive relationships with a higher sense of commitment and ownership, then buying may be what’s right for you. Car-buying is typically best for people who do not mind driving the same vehicle for more than five years or even until the vehicle is no longer suitable for the highway.

Buying vs Leasing: Which One Is Right for You?

Knowing the pros, cons, and overall benefits of buying vs leasing a car or truck is imperative. Be sure to look at monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new vehicle financing type for you.

Leasing vs Buying: Ownership

When considering vehicle financing, new vehicle ownership certainly comes along with many advantages, most associated with absolute ownership of the car, truck or SUV. You may not be aware, however, there are also some great advantages to leasing, as well. It’s imperative to consider all financial aspects including depreciation, down payment, monthly payments, term length, buyout payments, interest rate, and maintenance & repair costs, before making a decision. A precise checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car.

leasing vs financing a new car pros and cons

Monthly Payments

Vehicle lease payments are often times less expensive when compared to auto loan and car financing payments as the normal lease layout is more-or-less renting with the option to buy out near the end of your lease term. Consider when leasing that you’ll need a nice credit score, and will be asked to carry comprehensive and collision insurance, though the same can be said for the lowest rate auto loans. Although it can increase monthly payments, it’s also best to choose a model with the features you want or need, as personal satisfaction is often priceless.

why leasing a car is smart

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It is important to keep this in mind when projecting monthly costs of leasing vs ownership. No matter which make and model you select, mechanic bills are an unpredictable cost that can quickly add up. And for those who aren’t certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing is likely the best option for peace of mind.

is leasing better than buying

Savings vs Investment

In general, a new vehicle lease saves money in the short term with more affordable monthly payments, while buying earns you a long term investment, meaning full ownership of the value of the car at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximizing investment on a purchased/financed vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included


Mazda Lease and Finance Offers In Houston TX

Team Gillman Mazda knows that choosing the right Mazda car and financing option is never easy. Our team of experienced Mazda lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Houston, TX. We look forward to serving you.


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Google Nov 15, 2020

Team Mazda was amazing! Ask for Josh!

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Google Oct 18, 2020

Anyone who knows me knows that I am not the most easy-to-please customer. I have used Gillman Mazda twice now for service on a used Mazda that I bought at another dealership. I must say that the way that operate their service department is fantastic! They treat customers very well and the service that is done on the vehicle is recorded on video for the customer. I have only been there twice, but I am very impressed. They are definitely making a good impression on me--and one worth sharing to others. Dealership service departments usually have a bad rap, but ...

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Google Oct 18, 2020

I took my used car to Gillman to get a quote to sell it, and I was very pleased with the service I received from both Matt and Felica. Their offer was more than I got from KBB, and the whole transaction went smoothly. Would definitely recommend!

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Google Oct 18, 2020

Ask for John F when you come in! I promise you will not regret it! John had great customer service and really made the process stress free. I will continue to refer people to him and Gilman Mazda!

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Google Oct 18, 2020

Just purchased a vehicle from them. Great (and seamless) experience! Pricing was spot on, vehicle looks great and they even drove it all the way to Austin to deliver to me. Worked with Hasan there, who was an absolute pleasure to deal with! Financing rates were top notch as well

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