It’s no wonder so many of our drivers choose to lease a new Mazda vehicle; between the competitive terms and national promotions, a Mazda lease can be a simple and affordable way to enjoy all the benefits of driving a late-model luxury vehicle. Here’s what you need to know about dealing with the end of a lease, courtesy of Blaise Alexander Mazda State College.
Lease Term
At the outset of a Mazda lease, you’ll agree to a specific set of conditions including mileage limits, monthly payment amounts, down payment, and term (the duration of the lease). When this term expires, you’ll return your vehicle to Blaise Alexander Mazda State College. After settling any overage fees related to mileage, wear and tear, or other conditions, it’ll be time to start looking for a new vehicle. You can drive away into a brand-new model that you’ll cruise in for another lease term.
Extension or Buyout
That is unless you decide you want to continue enjoying all the benefits of your current lease! In most cases, it’s possible to extend a lease at the end of the term, continuing to make monthly payments for a set amount of time. Another alternative you might want to consider is buying out your vehicle — that is, paying a set amount to gain full ownership of the vehicle. If your vehicle has depreciated less than was anticipated at the beginning of the lease, this can be a very savvy financial move, allowing you to gain ownership of a vehicle for less than what a new buyer would pay.
Lease a New MAZDA Vehicle in State College, PA
However you decide to handle the next step in your automotive journey, you can count on a Mazda lease giving you reliable and affordable access to a truly excellent driving experience, if only for a limited time. Contact Blaise Alexander Mazda State College today to learn about current lease offers or to schedule a test drive!
