How to Lease a Car in Miami, FL

Mazda Lease Options in Miami

Once you’ve weighed your options to either finance or lease a car and chosen leasing as the best fit for you, it’s time to get the ball rolling! If you’ve got questions about how to lease a car in Miami, we’ll walk you through the entire process from:

  • Starting a Lease: Finding the right car, determining what you can afford, negotiating and grabbing the keys.
  • The Duration of the Lease: Maintenance and mileage limits.
  • Returning Your Lease: Choosing to buy the car, continue the lease or return it and what you need to bring to the dealership.

Starting a Lease

Presumably you’ve already picked a new car that meets your needs. Here’s what you need to do next:

  1. Budget: Budgeting for leasing is about the same as for financing a car. While you don’t have to worry about a massive down payment, you still have to plan for what you can afford monthly. Our payment calculator can help.
  2. Determine Your Average Yearly Mileage: As you know, leasing a car comes with mileage restrictions. These can be negotiated higher or lower but it will impact your monthly payments, and any overages come with penalties. That’s why it’s important to get a ballpark average of how much you drive currently.
  3. Get the Best Deal: Browse our specials in order to save some money.
  4. Negotiate: Once you’ve picked a vehicle, you will be negotiating for the price of the car first which will then determine your lease payments. Even if you’re leasing, you can still trade in a car to reduce your costs.
  5. Sign and Drive: You’ll want to make sure all the financial disclosures are clear to you such as the penalties for excessive damage or going over your mileage restrictions. There will also be closing costs and taxes to cover. Once this is done, the car is yours!

What to Do During Your Lease

For the most part, having a car that you’re leasing is the same as financing a car. There are some exceptions though that you should be aware of:

  1. Mileage Restrictions: Your lease will come with mileage caps. If you go over these during your lease, you will have to pay a penalty.
  2. Maintenance: You will be responsible for the car’s upkeep and any damage that isn’t repaired when you return the car.
  3. Alterations: Since you’re technically borrowing the car, you will not want to make any major alterations to the car unless you’re somehow able to easily undo them when the lease is over.
  4. Breaking Your Lease: You can break your lease if you need to get out early in most cases. For example, say you lived in Chicago and are driving a Mazda6 but you suddenly have to move to Alaska and an SUV like the Mazda CX-9 might now be better for you. If you do break your lease, you will likely have to pay a penalty fee that will be outlined in the initial terms and conditions. We recommend doing your best to not break the lease.

What to Do at the End of Your Lease

When you reach the end of your lease, you have a few options:

  • Return Your Lease
  • Exchange Your Lease for a New Leased Car
  • Extend the Lease on Your Current Vehicle
  • Buy Your Leased Car

What you decide to do is entirely your decision! If you do decide to return or exchange the car, here’s what you need to do:

  1. Clean the Car: You’d be surprised how many people don’t bother to clean their vehicle or even remove their belongings before they return it to the dealership. You’ll want the car to be as close to its original condition as you can get it.
  2. Bring Any Paperwork: Have with you your initial terms of agreement, as well as any service records.
  3. Pay Any Fees: Depending on the car’s condition, you may have to take care of any excessive wear and tear or mileage overage fees at this time. At the very least there will be a disposition fee you’ll have to pay that covers our costs while assessing the vehicle’s condition and determining its resale value.

Lease a Car Today at Mazda of North Miami

With our knowledgeable sales team and massive selection of new vehicles in stock, we hope you’ll choose to lease your next vehicle at Mazda of North Miami. If you still have any questions about leasing from our dealership, please give us a call at (888) 866-4317 or stop by and see us in person at 20700 NW 2nd Avenue in Miami, Florida!

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20700 NW 2nd Ave • Miami, FL 33169

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Mazda of North Miami 25.966204, -80.206659.