MAZDA Lease Frequently Asked Questions
There are so many benefits to leasing a new vehicle, although lots of shoppers don’t understand what all goes into one. We’re addressing our Mazda lease frequently asked questions at Medlin Mazda to help you better understand the process.
Why Lease Instead of Buy?
Leasing is a great way to get into a new Mazda vehicle much more affordably. After all, you are only responsible for a portion of the vehicle’s lifespan, so you’re only responsible for a portion of its total investment.
Plus, you’ll have the added benefits of new technology, modern designs, and warranty coverage during the entire time you have it.
How Much Will My Lease Cost?
To start, you’ll need to figure out the term of your lease, or how many years you plan to lease the vehicle. Leases typically last two to three years, although it can be more or less.
We then utilize two factors to determine the cost: the total investment and the estimated trade-in value at the end of your term. The difference of the two is divided monthly over your term to get your monthly payment.
Do You Have to Pay Interest on a Lease?
A car lease calculator can help you estimate your monthly payment. Rather than an interest rate, an auto lease includes a new car lending rate.
They are still both the direct fees that are charged by the lender for your loan. After collecting your basic buying criteria, we’ll always work to find you the most competitive terms from our circle of trusted lenders.
Still have questions? The financial experts at our Mazda dealership in Wilson, NC are ready to help. Reach out to our team for more information or to get approved for your new Mazda lease today!