Lease vs. Finance

Most people make the decision to lease or finance based on monthly payments and how long they typically drive their vehicle for.

Clients who lease prefer to drive a new vehicle every 2-3 years and appreciate making lower monthly payments. For certain business clients there may also be additional tax advantages with leasing.

Clients who finance their vehicles tend to drive them for 5 to 10 years and appreciate driving without mileage limitations. They may also be used to paying the additional maintenance costs that are associated with older vehicles.
Leasing
  • Drive the vehicle at its prime
  • Less cash up front
  • Less taxes paid
  • Lower monthly payments
  • A new car more often
  • Guaranteed future value
  • No down side risk of dimished value
  • Tax advantage for business use
Financing
  • Get the most out of your vehicle
  • Ownership equity
  • No restrictions on mileage
  • Make changes to car's appearance
Information from Acura Financial Services

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