What to Know Before Signing a MAZDA Lease

While you may be excited to lease a Mazda model, you should never jump in blind. It is essential to understand everything involved in a Mazda lease so you can make the best decision for your budget and lifestyle. Here, the Scott Mazda team goes over the things to think about ahead of time before you sign on the dotted line. 

Lease Term

For how long do you want to lease your vehicle? Generally, leases run from 12 months to 36 months, but you may find one that goes for longer. A short-term lease offers you a lot of flexibility, but it is important to point out that this will most likely result in larger monthly payments compared to going with a longer term.

Monthly Payment

Speaking of those payments, it is a smart idea to get a clear picture of how much you are able to spend on your vehicle every month. A good rule of thumb to follow is not to exceed 10 percent of your income. This doesn’t just include the payment, however, but all car-related expenses, such as fuel, maintenance, and insurance.

How Much You Drive

When you lease a new Mazda vehicle, the agreement will come with a mileage restriction. This is why, before signing, you need to have a good idea of how much you drive. If it is usually over 15,000 miles annually, consider looking into a higher mileage lease.

You don’t want to exceed the limit because for every mile you go over, you will have to pay a fee.

Lease-End Options

While the end of your lease may not be for a while, it pays to think about this early on. Options for an expiring lease include turning in the vehicle, renewing it for a short period of time, or leasing a new model or different vehicle. You could also opt to purchase the car, which could involve applying for Mazda financing.

Find Your Ideal MAZDA Lease in Allentown, PA

Ready to lease a fantastic Mazda vehicle? Come down to our Mazda dealership in Allentown, PA, to learn about our latest offers. And if you have any questions or concerns about leasing, feel free to get in touch with us.