Lease VS Buy

Learn More About Whether Leasing or Buying an Acura is Right for You


Have you always wanted to drive a new Acura RDX or Acura TLX, but you're not sure where to start? Our expert finance consultants at Prime Acura Westwood have compiled the benefits of leasing and buying a new Acura to help you decide if it's for you. We'll discuss auto finance options and end with some commonly asked finance questions. Let's get started.

Explore the Benefits of Leasing & Buying!

 

The Benefits of Leasing

  • Smaller monthly payment and sales tax
  • Freedom to switch cars more frequently
  • Drive a nicer car for less money
  • Most maintenance is covered by warranties
 

The Benefits of Buying

  • Freedom to customize and drive as many miles as you want
  • Freedom to sell or trade at any time
  • Take pride in owning a vehicle
  • Accrue more savings the longer you own the car

Your Leasing & Buying Questions Answered!

If I lease a new vehicle, am I getting a better deal than purchasing? 

This answer depends on your finance and auto goals. If the goal is to drive the safest, newest Acura model, leasing might be the best route. If you wish to own one vehicle for more than a few years, it might be a better deal to purchase the vehicle. 

What is an APR? 

APR stands for annual percentage rate, which is the amount of interest you owe each year on a lease or loan. 

Can you explain residual values? 

A residual value is the estimated amount your leased vehicle will be worth at the end of the lease. If you wish to purchase the vehicle after the lease expires, the residual value is the amount you will owe on the vehicle. 

How is sales tax applied to a lease? 

The sales tax is only applicable to the amount the vehicle is worth while you drive it, not the total cost of the vehicle. As mentioned above, the sales tax on a lease is usually lower than on a loan. 

How should I determine what mileage to include in the lease? 

Typically, a lease will allow 10,000 to 12,000 miles per year. If you drive as normal, with a few road trips here and there, these miles should be plenty for you. If you need to add more miles, you can always do so by contacting the Prime Acura Westwood finance team. 

What is the shortest car lease available? 

We offer 24-month leases, although the most common lease is 36 months. 

What if I need to end my lease early? 

If you need to end your lease early, there is a penalty for doing so. Please contact our Acura finance team if you suspect you'll need to end your lease early. 

What happens at the end of my lease? 

Assuming you're under the allotted miles and your car is in good condition, you can either purchase the vehicle or return it and start a new lease.

Are You Interested in Leasing & Buying?

If you have always wanted to drive a new Acura, now is the time! Be sure to visit the Prime Acura Westwood Finance Department located in Westwood. We proudly serve drivers in Boston, Needham, Dedham, Framingham, Natick, Norwood, and beyond! Stop by and start a new lease or loan today.

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Questions For Our Team?

**Based on current year EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary, depending on how you drive and maintain your vehicle, driving conditions, battery pack age/condition (hybrid models only) and other factors.