If you're in the market for a new Acura and like having the option to upgrade to the latest model more often, you may consider a lease for its flexibility and convenience compared to financing. Additionally, Acura leases are always covered under warranty, and their guaranteed future value ensures you don’t have to worry about resale value. If the vehicle depreciates more than the estimated residual value, you can turn in the vehicle at the end of the term. And if it's worth more, you can purchase it.

Another benefit is that leasing generally costs less than financing over the same time period due to lower monthly payments and less sales tax. But why is sales tax less with a lease than a loan?

Do Acura lease payments include sales tax?

When you lease a vehicle, since you are only paying for its use for a certain number of months, most states charge sales tax on the monthly payments and not the vehicle's total cost. This makes it easier for lessees to get behind the wheel by reducing the total upfront cost. In Massachusetts, the Motor Vehicle Sales and Use Tax is 6.25 percent. So, for example, if you were to lease a new 2021 Acura TLX 2.0 for $289.00 per month (with zero down), the actual monthly payment would be $289.00, plus $18.06 in sales tax, bringing the total to $307.06.

Throughout the course of a 36-month lease, you would pay $650.16 in tax. For comparison, if you were to finance the car for $42,525, then the tax levied would be $2,657.81

Lease details like monthly payments, sales tax, and APR are always disclosed in advance so that you'll know exactly what your total monthly payment will be before signing the lease contract.

Lease a new Acura near Dedham and Norwood, MA

Get in touch with Prime Acura Westwood today to learn more about leasing a new Acura and the latest new Acura special offers. And if you'd like to check out Acura's premium accommodations, amenities, and performance for yourself, we welcome you to visit us for a test drive. We'll be happy to assist you.

Categories: Finance, New Inventory
Tags: Acura lease