Before you apply for an Acura lease, you need to know the advantages compared to financing a vehicle. There are several advantages to both leasing and financing a new model; the decision between lease and loan will often come down to your financial situation and intended use of the car. The Acura of Sherman Oaks finance team is here to help you with any questions about your options, and have provided these tips to get you started.
The Benefits of Leasing
Leasing a vehicle offers the convenience of driving a newer model for a fixed term without the commitment of ownership. Since you're not paying the full purchase price, your monthly payments are often lower than if you were to buy or finance the vehicle. This includes a reduced term price, as well as lower taxes and fees. One of the key advantages of leasing is the ability to stay current with the latest models without the hassle of buying and selling.
When you lease a vehicle, you can also take advantage of covered Acura service and routine maintenance. If you keep up with routine service, you'll usually pay less for significant repairs and fixes on a leased vehicle because it's newer.
The Benefits of Loans
If you choose to finance a vehicle from our Acura dealership serving Los Angeles, you'll enjoy more freedom over its use. Leases typically come with yearly mileage restrictions, requiring you to stay within a set distance and return the vehicle at the end of the term. However, with a financed car, you have the freedom to drive as much as you like as long as you make your monthly payments.
Leases are also stricter regarding vehicle wear, as you'll have to pay for any additional wear and tear above the expected amount. Securing a vehicle loan instead means you're free of this restriction, making it a safer choice for newer drivers.
Compare Acura Lease Offers in Sherman Oaks, CA
If you've determined that leasing is right for you, our dealership will help you get on the right path. Contact Acura of Sherman Oaks today to explore leasing options for your favorite models. Our Acura finance staff will happily discuss which options best fit your needs.
