Signing an Acura lease is one of the best ways to get behind the wheel of a luxury car without the long-term commitment of buying outright. Leasing is a great option for drivers who value lower monthly payments, the ability to drive the newest Acura models, and the reassurance of a factory warranty. Here at Acura of Sherman Oaks, our friendly team of Acura dealers is happy to share everything you need to know about leasing.
The Benefits of Leasing
One of the primary benefits of leasing an Acura car is the potential for lower monthly payments compared to financing a purchase. Because you are essentially paying for the vehicle’s depreciation during the lease term rather than its total value, your budget is stretched further. This allows many lessees to upgrade to a higher trim level or newer model with the latest safety and infotainment technologies every few years. Additionally, because lease terms are around 24 to 36 months, your vehicle stays under the factory warranty for the duration of your lease.
Mileage and Wear Guidelines
Before signing a lease, it is important to think about your driving habits. Leases come with annual mileage limits — typically 10,000, 12,000, or 15,000 miles — and exceeding those can result in extra fees at the end of your lease. Another thing to think about is that you’re responsible for keeping the vehicle in good condition. While normal wear and tear is acceptable, damage like large dents or stained upholstery may incur additional charges at the end of the lease.
What Happens at the End of a Lease?
When your lease contract comes to an end, you can simply return the vehicle and walk away, purchase it for a pre-determined residual value, or trade it in for a brand-new Acura lease. Our team is here to help you find the right option.
Lease an Acura Model in Sherman Oaks, CA
Here at Acura of Sherman Oaks, we have a wide variety of Acura models available for lease. Whether you’re seeking an efficient commuter, a family-friendly SUV, or a performance-oriented sports car, we have a car for you. Visit us today!
