The Differences Between Leasing and Financing

There are a variety of different ways for you to get into a new Acura model from our Charlotte, NC dealership, but we want to make sure you can see which will be the best for the needs of your life. Our team of expert will be able to answer all your questions to see if you should finance a vehicle or if you should lease one, making sure you can see every payment option until you find one that will be a perfect fit for your lifestyle.

Everything You Need to Know About Financing

Financing with us means you will be getting a loan from our dealership so that you can drive off the lot in the vehicle that you love. There are many straightforward advantages to this, including:

• Being Proud of Owning Your Vehicle: Once the final payment is made, you own the vehicle that you have chosen from our dealership. This helps increase its long-term value and keeps you behind the wheel for as long as you want.
• No Mileage Restrictions: You can drive the car as far as you want when you finance. Leasing tends to limit you to between 12,000 and 15,000 miles, but financing lets you go wherever you want to go.
• Altering the Appearance of Your Car: Do you want to change the color or other feature of the cabin or body? With financing you can, but with leasing you can't.

There are many advantages to financing, but its main drawback is that the monthly payments can be higher than if you were to lease. Our team can help you determine if the higher price will be worth it for the vehicle that you are interested in.

A Detailed Look at Leasing

Leasing a vehicle means you are only having it for a short period of time, needing to bring it back after the term of your contract. We want to help you see the advantages of leasing so that you can decide if it is right for you. The advantages include:

• Lower Monthly Payments: Leasing will usually give you a lower monthly price than buying a vehicle will. This lower price is based no the vehicle's estimated depreciation over the several years that you will have it.
• Driving a New Car More Often: If you like the latest-and-greatest technology, then you will love being able to bring your car back to swap it for a new one once your contract ends. This also helps if your preference changes or if you will soon need to upgrade to a bigger vehicle for a growing family.
• Guaranteed Future Value: You don't need to worry about depreciation because we already have. At the end of your leasing term, all you need to do is bring the vehicle back to our dealership and we can help you decide if you should be leasing another model or can help you buy the one that you have been driving.

There are a few disadvantages of leasing though, most notably that you need to follow your contract, or you will be hit with some fines. These fines can be for not keeping up with service, changing something about the car, or for driving over the agreed distance.

Visit Our Dealership to Learn More About Leasing and Financing

We are always happy to help you find the plan that will help you get the most enjoyment out of driving your vehicle. Our team will walk you through each option and can help you make your final decision about which of these options will be best for you. We work with many lenders to provide the attractive financing and lease options that will be keep you feeling confident when you choose from our dealership.