


Today, about one out of every five vehicles is leased nationally, and for our area in Toms River and the greater Ocean County and New Jersey area, that number is much higher. |
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Leasing is a completely different financial transaction and not just another way to buy a car. When you purchase a vehicle for $30,000, you will have to either pay cash or finance that entire amount. With leasing, for that same $30,000 vehicle you might only have to pay $13,500 to drive it for the next 3 or so years. Overall, a lease payment will be about 40 percent less than a purchase payment. If a purchase payment at 36 months was $500/month, a lease payment for that same vehicle might be $300 for 36 months. |
Some benefits to leasing:
- Lower monthly payment
- Able to get more vehicle for the money spent
- Shorter time of ownership of a single vehicle
- Fewer costly repairs and less maintenance
- No risk of diminished vehicle value
- GAP coverage is included
- Frees up your overall credit
- No hassle selling or trading in your vehicle
- Your vehicle is usually under warranty for the duration of your contract
At The End Of Your Lease, You Have Three Options

Buy Your Lease Vehicle
Complete the sale by paying the residual value (the value of your vehicle accounting for depreciation of your lease terms), which is the part you had not paid for up until that time.

Return Your Vehicle
Return your vehicle to the leasing company, regardless of value.

Get A New Vehicle
You can either roll remaining lease payments into a new vehicle lease, buy out your current lease vehicle and use it as a trade-in vehicle if the value is higher than the residual, or buy it out and sell it before acquiring a new Mazda vehicle.
Our team would be happy to review any questions you might have about leasing and offer our assistance however it's needed.
Please feel free to contact our team today by calling us at 732-557-7893 or by completing the form on this page.