Buy vs Lease in Augusta, GA

Buy vs Lease in Augusta, GA

Did you know buying and leasing are two separate agreements? While these words are defined differently in the automotive industry, some motorists confuse two terms. We at Gerald Jones Mazda would like to show you the distinction between these two agreements and how they can benefit you. 

Buying a Vehicle

The most common contract is a finance plan where you make monthly installments until the vehicle is paid off. On average, financing lasts between four and seven years. That way, you’ll be able to commute and travel on Highway 25 and Interstate 520 while covering the month-to-month cost from your lender. After you’ve been paid the total balance in full, you’ll receive a title to the set of wheels, whether it be a new Mazda or a pre-owned make and model from a different brand. As the owner of the automobile, you can use the ride as an asset. In other words, you’ll have an opportunity to trade the car, SUV, minivan, or pickup truck and utilize it like cash. 

Leasing a Vehicle

If you’re looking for a more affordable option from our Finance Department, then leasing may be right for you. With a lease contract, you’ll be able to drive a factory-fresh ride for two to four years. But you won’t be making monthly payments to own the automobile. A leasing agreement is technically borrowing a set of wheels. This option is only available for new vehicles, so you won’t be able to lease a used automobile. Plus, the terms of the contract come with a mileage limit and a warranty. Six months prior to the end of the lease, we’ll give you a choice to switch your contract to financing. If you’re ready to part with your set of wheels, you can sign up for another leasing agreement with a different ride. When you’re done with this contract type, you can end the lease altogether. 

Which Method Is Better?

Buying and leasing are equally reliable. When you’re financing a ride, it does cost more each month. That’s because the monthly cost is based on the retail price of the set of wheels. Meanwhile, the expenses of a lease are determined by the automobile’s depreciated value. Owning a vehicle also gives you an alternative to bring down the balance of the ride’s total cost. Leasing is an ideal method if you’re interested in short-term investments into a set of wheels. Sometimes, it’s more practical for drivers to choose a lease because they may not be living in Augusta for more than two or three years. Therefore, it’s probably more logical to get a dependable auto to commute down roads like Jimmie Dyess Parkway. 

If you want to compare buying vs leasing in Augusta, GA, more closely, our staff is willing to go over extra details about both processes. For answers to other questions, contact us online to get the latest news. 

 

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Are Buying and Leasing the Same Thing?

The short answer is no. Buying, or financing, is a contract where you make payments to own the set of wheels you want. Leasing is more like borrowing, so your monthly contributions will cover the depreciated value of an automobile for a shorter period than a finance plan. 

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Testimonials

Great service and speed!

12-10-2020
Full Star Full Star Full Star Full Star Full Star

Great service and speed!

Friendly and helpful staff.

11-19-2020
Full Star Full Star Full Star Full Star Full Star

Friendly and helpful staff. Had my vehicle ready promptly and reviewed all services performed.

very quick

11-10-2020
Full Star Full Star Full Star Full Star Full Star

I first contacted Mr. PJ Jones over Cargurus, communication is very prompt and Mr. PJ gave me a competitive price and fee schedule. It is a bit nervous because I am from SC and will travel over 2 hours to get to their dealership, Gary the sales person makes the paperwork process very smooth. Upon arrival at Augusta, the buying process is very quick, I got the paperwork done in less than 20 minutes the most. To my surprise, whatever Mr. PJ quoted me over email is exactly what I am getting. No hidden fee, changes at the last minute. It is great to see people do business that way. The only small thing is they put a sticker on the back of the car which seems way to big, be nice if they can put smaller sticker that blends in better with the vehicle or just don't put the sticker on their.

Easy check in and check out. Friendly service.

10-6-2020
Full Star Full Star Full Star Full Star Full Star

Easy check in and check out. Friendly service.

The service department is courteous and respectful.

10-15-2020
Full Star Full Star Full Star Full Star Full Star

The service department is courteous and respectful.

enny Mack was amazing

9-14-2020
Full Star Full Star Full Star Full Star Full Star

Just bought a brand new 2020 Cx5! Denny Mack was amazing! Ask for him! Amazing guy who made the experience so great, quick, and easy! Highly recommend!! Nothing beats a great experience, especially when purchasing a new car!

Good service

9-17-2020
Full Star Full Star Full Star Full Star Full Star

Good service

Kind, courteous and efficient!

9-23-2020
Full Star Full Star Full Star Full Star Full Star

Kind, courteous and efficient!

We were treated respectfully

8-31-2020
Full Star Full Star Full Star Full Star Full Star

I went with my sister to sell my mother's car. We were treated respectfully and given a fair price. It was not resale value, but it was fair for a trade in value.

Denny Mack was FANTASTIC!

8-24-2020
Full Star Full Star Full Star Full Star Full Star

Denny Mack was FANTASTIC! Great customer service and super friendly! Very easy to talk to! Great salesman! Will definitely be back when I need another car!

Kevin was so kind and seemed genuine

8-11-2020
Full Star Full Star Full Star Full Star Full Star

Kevin was so kind and seemed genuine. Before my appointment, I kept having to reschedule my appointments. He offered to let me use his car if I needed it. People are not kind anymore. That was the nicest thing anyone has said or offered to do in quite some time. He also gave me a discount. I was very grateful for. He is willing to help in anyway possible. He made my experience with Mazda EXCELLENT! Thank you Kevin. God bless you!

Everyone there is super helpfu

7-15-2020
Full Star Full Star Full Star Full Star Full Star

Everyone there is super helpful and you really feel like your the only customer even if they are busy

Best car buying experience ever.

7-7-2020
Full Star Full Star Full Star Full Star Full Star

Best car buying experience ever. Everything was super easy and I highly recommend Gerald Jones Mazda.

Friendly fast service

6-3-2020
Full Star Full Star Full Star Full Star Full Star

Friendly fast service had oil change and a recall on my car done in less than an hour

This was the best car buying experience I have ever had

5-18-2020
Full Star Full Star Full Star Full Star Full Star

This was the best car buying experience I have ever had. I worked with the dealer via text and phone and lined up great pricing and a trade in value (numbers checked vs. Kelly Blue Book) as well as approved 5 year/ 0% financing the day before I before I went to the dealership. I had to drive from Charleston to Augusta because none of the Charleston or Columbia dealers could even get close to this deal. When I got there, they didn't try to change any of the terms or upsell me anything else. They just showed me all the features on my new car, had me sign the paperwork, and I was out of there in 40 minutes total. Plus I LOVE my new CX5!!! This is how car buying should be.

Great folks, Great Place!

4-21-2020
Full Star Full Star Full Star Full Star Full Star

Great folks, Great Place!

honest and goes above and beyond to ensure you leave satisfied.

3-21-2020
Full Star Full Star Full Star Full Star Full Star

Charlie Royal is the best salesman to work with at Gerald Jones Mazda. We have purchased 2 cars through him and will definitely work with him again for our next car. He is honest and goes above and beyond to ensure you leave satisfied.

no issues and love them

2-24-2020
Full Star Full Star Full Star Full Star Full Star

This is our go to for our family we have bought 3 new Mazdas from here with no issues and love them! Best cars in town for sure with a friendly and helpful staff.

Quick, honest, and straightforward approach!

1-10-2020
Full Star Full Star Full Star Full Star Full Star

Quick, honest, and straightforward approach! I did not have to haggle for the price... they just offered me the best price within a 200-mile radius!

Everything was super simple and no pressure

12-28-2019
Full Star Full Star Full Star Full Star Full Star

Everything was super simple and no pressure. Other dealers had been blowing my phone up over and over but you guys were not this way. Would definitely buy from Gerald Jones again!

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