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Should I Lease or Buy My Vehicle ?

 While choosing your new car is often the most difficult part of the purchase process, figuring out which payment method is right for you is equally important. Both leasing and financing have upsides and drawbacks, and it’s important for you to know a bit about each before you decide on one or the other.

When you finance your vehicle, you’re paying to own it. Once the financing term is up, the vehicle is yours. You’ll find that the monthly payments are a bit higher than leasing – this is because when you finance, you’re investing in the ownership of your vehicle, which can be recouped by resale costs in the future. And because the vehicle is yours when you finance, you’re free to do what you will with it.

Leasing, on the other hand, is more like a long-term rental agreement. This leads to lower monthly payments, as you won’t be investing in your vehicle’s future resale value. You’re also obligated to keep your use under a certain mileage and maintain your vehicle in good working condition. You’ll often have the option to buy your vehicle after its lease term is up, but you can also opt to lease another new vehicle.


To learn more about each of these options, or to talk to one of Acura on Brant's financing experts and find out which is correct for you, feel free to contact us today at 1 844 864-9079, or via our online contact form!

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1 844 864-9079