Buying vs Leasing a New Acura in Duluth, GA

Are you struggling to decide whether to lease or purchase your next vehicle? There are a variety of factors to consider to help you determine which option best fits your needs and lifestyle. Once, car leasing was an option exclusively for businesses and customers seeking luxury cars, but is now common in all classes of the market, from sensible sedans to luxury SUVs. Leases allow customers to pay only for the depreciation that occurs over the term of the lease, plus fees and interest. Often, there is an amount due at the lease signing, then the balance of the cost is paid over the duration of the contract in a series of monthly lease payments. In contrast, financing or purchasing a vehicle can involve a larger down payment, a trade-in, and/or an automotive loan. Financing usually involves getting a car loan from a lender, such as a bank, credit union, or finance company.

Which choice is a better fit for you? There are many benefits to both leasing and financing or purchasing your vehicle. When trying to make your determination, compare the benefits of both of your options.

Benefits of Leasing a Vehicle:

• Save on sales tax

• Smaller down payment

• Ease of trade-in

• Warranty coverage and maintenance

• Access to latest tech and features

• Lower monthly payments

• No depreciation

Benefits of Purchasing/Financing a Vehicle:

• No excessive wear and tear costs

• You can sell your vehicle whenever you want

• No more payments when you loan is paid off

• Trade-in value for your next vehicle

• Unlimited mileage

• Ownership allows for customization and equity