The Finance Experts at Arlington Acura in Palatine Help You Understand the Differences Between Buying and Leasing Your New Acura Vehicle

There are a lot of decisions that Arlington Heights, IL customers need to make when they are on the hunt for a new Acura vehicle, but one of the biggest ones is whether to buy or lease it. The dilemma of buying or leasing is one that has become more prominent over the years as leasing has grown in popularity. Part of the reason this decision is so difficult for some Buffalo Grove, IL drivers is that there is not a clear understanding of the differences. The finance team at Arlington Acura in Palatine, located at 1275 Ease Dundee Road in Palatine, IL, is here to give you the information you need to have a complete picture.

Explaining an Acura Lease

When a Hoffman Estates, IL driver decides to lease a new Acura vehicle, they are deciding on a financing option that only has them paying for the time they are in a vehicle. A lease agreement allows a driver to get behind the wheel of a new car at a low monthly payment for a short time, and with a cap on mileage. Many drivers who lease tend to be low mileage drivers who get the urge for a new car every couple of years. They also enjoy the benefit of manufacturer's warranty coverage for the time they are in the vehicle, as well as having access to all the latest Acura technology and features.

Explaining an Auto Loan

A traditional auto loan is the way many Schaumburg, IL drivers decide to finance their new Acura vehicle. This choice of auto financing ends with the person owning the car, unlike an Acura lease. In addition, drivers who purchase their new Acura model won't have to be concerned about any potential damage fees or mileage overages. They will have a higher monthly payment than a customer enters an Acura lease agreement for the same vehicle, however. Drivers will have equity in their car at the end of the auto loan that they can use toward the purchase of another one.

Get the Information You Need

The finance center at Arlington Acura in Palatine, in Palatine, IL, is your resource for everything related to auto financing. Contact a member of the finance team today to get your questions answered, and to learn about all the ways they can provide you with the car financing you need to help you bring home the Acura model you are interested in.

Categories: New Inventory, Finance, Social

We use cookies and browser activity to improve your experience, personalize content and ads, and analyze how our sites are used. For more information on how we collect and use this information, please review our Privacy Policy. California consumers may exercise their CCPA rights here.