Should I Buy or Lease a New Car?

If you’ve already decided you want a new Acura, but aren’t sure if buying or leasing is best for your unique needs, Springfield Acura is here to help. “Should I buy or lease a new car?” is one of the most common questions that Springfield Township drivers ask our finance team. When considering an Acura Financial Services lease, there are several things to keep in mind. Read on to learn more, and contact us if you have any questions.

Leasing vs. Buying A Car: Overall Costs

• Leasing a car offers generally provides lower monthly payments. You’ll likely also spend less on your down payment and taxes. Plus, if you lease a new Acura every few years, your payments probably won’t go up much over the years. Best of all, you won’t have to worry about most repair costs because they are generally covered under the Acura National Lease Specials warranty.
• Financing a car means you can eventually eliminate your monthly payment, and buying a Certified Pre-Owned Acura is often even more affordable than leasing a new car. Union County drivers who pay off their car loan will ultimately spend less than a driver who continues to lease year after year, but they usually have to pay more for repair costs as the vehicle ages.

The Bottom Line: Typically, Acura drivers keep their vehicles for approximately three years and like to have the latest and greatest features. If you’re one of those types of drivers, then you’ll most likely want to lease versus buy a car. 

Leasing vs. Buying an Acura: Mileage Restrictions

• Those drivers who finance a car with the intent to pay it off won’t have to worry about any mileage limits or restrictions.
• Those who do an Acura Financial Services lease must stay within certain strict mileage limitations or pay a fee at the end of their lease. 

Bottom Line: If you commute only a short distance around Bridgewater, you should browse the Acura National Lease Specials. But if you love your weekend road trips, you should probably purchase your next Acura.

Leasing vs. Buying an Acura: Customization

• When you buy an Acura, you can add whatever parts and accessories you like, but be sure to check that they won’t void your warranty.
• When you lease a new Acura, you’re required to keep the vehicle very close to factory condition because the dealership still owns it, and they’ll need to resell it at the end of your lease.

The Bottom Line: If you want to paint your car or do some other type of customization, you had better choose to buy versus lease.

Leasing vs. Buying: Other Things to Consider

• Financing an Acura offers more flexibility. Yes, you are locked into a contract when you purchase, but you can still opt to sell or trade it in if you want.
• Leasing is more convenient. All you have to do is take good care of the Acura while it’s in your possession and drive it back to the Springfield Acura lease return center at the end of your term. Then, you can go home in a different new Acura. You also can buy it outright if you want. 

The Bottom Line: The simplicity of leasing is a significant benefit for many Staten Island drivers. But if you would rather maintain and resell your vehicle, the money you get for trading in a purchased car may offset future costs. 

Explore Leasing and Financing Options at Springfield Acura

If you’re ready to move forward with the financing process, explore the Acura National Lease Specials ar Springfield Acura. You can also apply for financing online. We’re here for you, so contact us todayto get started!