Lease vs Finance


Should you Lease?
Drive the Vehicle at its Prime:

In a lease you get to enjoy a new vehicle for a specified period of time.

Less Cash up Front:
One of the biggest advantages of a lease is that it does not usually require a substantial down payment. In many states you can pay the sales tax as part of your monthly lease payment, rather than in a lump sum.

Lower Monthly Payment: 
If the finance period is the same, your monthly payments will generally be lower when leasing (vs. traditional financing) because your payments will be based on the vehicle's estimated depreciation. (You are contracting to use a portion of the car's value, rather than buying the entire car).

A New Car More Often:
A short-term lease makes it easy to drive a new car more frequently. Plus, if life changes demand a larger or smaller car in a few years, a lease can make it easier to plan and adapt. 

Guaranteed Future Value:
You don't have to worry about resale value. If your car depreciates more than the estimated residual value in your lease contract at full term, you can turn it in at the end of your lease term. But if it's worth more, you can purchase it. 

Tax Advantage for Business Use: 
People who use a lease car for business may find larger tax deductions with leasing than with buying a vehicle. Check with your tax adviser. 


Should you Finance?
Get the Most Out of Your Vehicle:
If you typically keep your vehicle for 5 to 10 years, then traditional financing may be your best option. With our competitive rates and flexible terms, Acura Financial Services just may be your best choice in financing your new vehicle. 

Ownership Equity: 
Payment by payment, your ownership equity may increase. And the longer you drive the vehicle after it is paid off, the more value you derive from your investment. 

No Restrictions on Mileage: 
This is important to consider if you drive more than 12,000 to 15,000 miles per year. 

Make Changes to Cars Appearance:
You can alter the interior or exterior to suit your taste (though your choices may affect the resale value and any alterations must comply with applicable law). 

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