Whether you finance your vehicle or get an Acura lease, buying any new car is a significant life decision. To ensure you're making the best choice possible, it's essential to familiarize yourself with the purchase process and all of its intricacies. To assist you, here's a list of the most commonly asked questions at Acura of Sherman Oaks. Visit us to learn more.
Should I Lease or Finance?
It's a good idea to keep your options open when shopping for your next new Acura vehicle. Financing requires a higher down payment to keep monthly payments low, but you'll have complete ownership of your car once it's paid off. Leasing requires less money down but comes with wear and mileage restrictions that some drivers prefer to avoid.
Do I Need a Down Payment?
If you have excellent credit, you may get approval for a zero-down loan. However, we recommend at least a 20 percent down payment. This limits the amount you're borrowing and saves money on interest payments over the life of the loan.
Can I Purchase a Vehicle I'm Leasing?
If you're leasing a vehicle and want to purchase it, you can buy out your leasing agreement. The purchase price is disclosed in your lease and can be discussed with your Acura dealer.
Can I Finance a Pre-Owned Vehicle?
Of course! Even if you have the money to pay in full, a loan on a pre-owned or Acura Certified Pre-Owned vehicle is still a wise choice. It ensures you have more cash on hand for a rainy day or that you can invest, so it makes you money. You can speak with our Acura finance team for more details.
Can I Finance with Bad Credit?
If you want to finance a new or pre-owned vehicle from us, you may wonder whether you need a prime credit score. The short answer is no. The somewhat longer answer is that we work with a large and diverse network in addition to our captive lender, so we can tailor a solution to your needs. Keep your payments on time, and you'll find your financial footing again soon.
Visit Us in Sherman Oaks, CA, With All Your Financial Questions
If you're interested in leasing a vehicle or applying for an auto loan, contact our Sherman Oaks, CA, Acura dealership today. Our team of experts will walk you through each step so you leave with a vehicle that perfectly fits your needs. Call us or schedule an appointment to get started!
