The decision to lease or finance depends on many factors, but most make the decision based on monthly payments and how long they typically drive their vehicles.
In general, those who lease prefer to drive a new car every 2-3 years and appreciate making lower monthly payments. For those who use their vehicle for business reasons, there may also be additional tax advantages with leasing.
Most who finance their vehicles tend to drive them for five to 10 years and appreciate driving without mileage limitations.
Explore the detailed benefits of leasing and financing below.
In a lease, you contract to enjoy a new vehicle for a specified period of time. You can also choose to lease one of our premier Certified Pre-Owned Vehicles.
less cash up front
One of the biggest advantages of a lease is that it does not usually require a substantial down payment. In many states, you can even pay the sales taxes as part of your monthly lease payment, rather than in a lump sum.
lower monthly payment
If the finance period is the same, your monthly payments will generally be lower when leasing (vs. traditional financing) because your payments will be based on the vehicle's estimated depreciation. (You are contracting to use a portion of the car's value, rather than buying the entire car).
a new car more often
A short-term lease makes it easy to drive a new car more frequently. Plus, if life changes demand a larger or smaller car in a few years, a lease can make it easier to plan and adapt.
guaranteed future value
You don't have to worry about resale value. If your car depreciates more than the estimated residual value in your lease contract at full term, you can turn it in at the end of your lease term. But if it's worth more, you can purchase it.
tax advantage for
People who use a leased car for business may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor.
If you typically keep your vehicle for five to 10 years, then traditional financing may be your best option. With our competitive rates and flexible terms, Acura Financial Services® just may be your best choice in financing your new vehicle.
Payment by payment, your ownership equity may increase. And the longer you drive the vehicle after your contract is complete, the more value you derive from your investment.
no restrictions on mileage
This is important to consider if you drive more than 12,000 to 15,000 miles per year.
make changes to car’s
You can alter the interior or exterior to suit your taste (though your choices may affect the resale value).
When I try to log in, the system doesn't recognize me. Why not?
You may have mistyped your username (Acura ID), email address or password. If you try again and are unsuccessful, click the "Forgot your username (Acura ID) or password?" link to reset your password.
After 3 failed login attempts, you will be blocked from logging in for 10 minutes.
If you are using your email address to log in, please make sure that you are using your "website email address" that you used to setup your account and not your "financial services email address" that is used for receiving statements and correspondence.
Please note: If you have previously checked the box marked "Remember Me," you must still enter your password to log in.
Do you recommend checking the "Remember Me" box on the log-in page?
When you check this box, your username (Acura ID) or email address is stored in a cookie on your computer, and is filled in automatically each time you return to our website. You must still enter your password to log in.
Please Note: We recommend this option if you are the only person who uses your computer. To protect the privacy of your personal information, we do not recommend using this option if you are accessing this site from a public or shared computer.
How often are updates posted to the online transaction history?
Our system is updated at the end of each business day and will appear on your history
the following business day.
Why isn't the information updated instantly in your system?
The technology we use to transmit a day's worth of account updates as a single "batch"
is more reliable and more secure than transmitting each update individually.
Why doesn't my online transaction history show my last payment?
It often takes several days to receive and process a payment. Once the payment is
reflected in our system, it will appear in your transaction history on the next business day.
This will not be the case if you are viewing your online current statement.