When leasing a car, it can be easy to make mistakes. This is especially true if you have never leased a vehicle before. This guide goes over some big things you will definitely want to avoid with your Mazda lease.
Not Paying Attention to the Mileage
You can’t just drive your leased vehicle as much as you want, as there is a mileage restriction. This will be specified in the agreement you sign, so this is a key number to remember. Actually, you can drive as much as you want, but any mile over the limit will cost you, perhaps as much as 30 cents each.
Making Any Customizations
You have to remember that your car doesn’t belong to you, as it’s still owned by the dealership. This means that you can’t make any customizations to it, including adding accessories or removing anything. Again, if you do, you’ll have to pay a penalty fee.
Ending the Agreement Early
The lease agreement is a binding contract, which means you are financially responsible for paying for your car for its duration. If you opt out early, you will end up facing a large early termination fee.
If you absolutely have to get out of the lease, you should explore all of your options. This could include buying the car (in which case you can then sell it), or perhaps transferring it to someone else.
While leasing does have its restrictions, many people prefer it over buying. If you want to lease a great Mazda sedan or SUV, come down to Freysinger Mazda to see all of the new and pre-owned vehicles in stock.