Wondering whether to lease or buy a Mazda? Mazda Financial Services, established in 2011, is a provider of leasing and financing options for Canadian automotive consumers. We offer attractive leasing and financing programs for Mazda vehicles through Mazda Canada’s dealership network.
The goal of Mazda Financial Services is to provide our customers with sensible solutions to their financing and leasing requirements while providing superior service and quality.
Benefits of Leasing
A new car more often: With payments spread out over a shorter period of time, you can drive a new vehicle more often.
Low monthly payments: Lease payments are traditionally lower than retail finance payments on the same vehicle.
Only pay tax on the monthly payment (vs. paying taxes on the full purchase price of the vehicle when you finance).
Mazda Financial Services does not charge any vehicle disposal fees.
All retail loans are open and you may pay out the finance contract at any time without penalties.
Consumer-friendly, clear and understandable interest terms.
No kilometre charges.
No wear and tear charges.
Build equity throughout the term of your finance contract: Your payments will consist of part principal and part finance charges; each payment you make increases the amount of equity you’ve built up in your vehicle.
Flexible terms up to 84 months on select models.
Once all the payments have been made, you own the vehicle free and clear.
Before you decide whether to lease or buy a Mazda, here are the main differences between leasing and financing:
Lease
Buy (financing)
Ownership
The vehicle belongs to the lender during the lease
The vehicle is yours once payments end
Payments
Usually lower
Higher, but they lead to ownership
Mileage
Limited by the contract, with fees beyond it
Unlimited
End of contract
Return, buy or switch vehicles
Keep, sell or trade in
Accessories and modifications
Limited
Unrestricted
Why lease a Mazda rather than buy?
you like to switch Mazdas every three or four years;
your yearly mileage is predictable;
you want lower payments for the same vehicle;
you prefer driving under the manufacturer’s warranty most of the time.
Why buy a Mazda rather than lease?
you keep your vehicles for a long time;
you drive a lot, for example on Highway 15 every day;
you want to install accessories, such as a trailer hitch;
you want to be payment-free one day.
Mileage: the key question when you lease or buy a Mazda
First, distances add up quickly in the Laurentians. That’s why it’s worth estimating your yearly mileage before you sign. Indeed, a lease includes a mileage allowance, and every extra kilometre is charged at the end of the lease. So if you drive a lot or unpredictably, buying is often simpler. Before signing a lease, also read the Office de la protection du consommateur’s advice on long-term leasing (in French).
Lease or buy: what happens at the end of the contract?
At the end of a lease, you have three choices: return the vehicle, buy it at the buyout price set in the contract, or lease a new Mazda. On the other hand, at the end of financing, the vehicle is yours. For details, see our page on Mazda leases in Saint-Jérôme and the benefits of financing.
Lease or buy a Mazda: frequently asked questions
Can I buy my vehicle at the end of the lease?
Yes. In fact, you can buy it at the buyout price, also called the residual value, shown in your contract.
What happens if I go over my mileage?
Fees per extra kilometre apply, according to your contract. As a result, it’s better to plan a higher mileage allowance from the start.
Can I lease with bad credit?
Generally, leasing requires a good credit file. Otherwise, 2nd chance financing may be a better option.
What about self-employed workers?
The tax advantages of leasing or buying depend on your situation. So talk to your accountant before signing.
In short, our advisors compare both options with you, numbers in hand, at 155 Lachapelle Blvd. in Saint-Jérôme. We’re just minutes from Prévost, Sainte-Sophie and Saint-Colomban. See our new Mazda vehicles too.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
