Should I Buy or Lease?

When you are getting ready to get behind the wheel of a new Acura, you may be weighing your options of buying or leasing. There are inherent benefits to both options, and our financial team at our Acura dealer near Hackensack is here to help you decide which is best suited for you.

Should I Buy My Acura?

There are several pros to buying your new Acura, primarily that you own your car, therefore can make any changes, drive as far as you like without mileage constraints, and don’t have to worry about incurring extra fees for any wear and tear. You are also free to sell your vehicle at any time without being tied to contracts.

Purchasing can also have drawbacks, namely higher loan payments and dealing with your vehicle’s depreciation value in the event you are looking to sell. If you log more miles, this can also affect trade-in and resale value.

Should I Lease My Acura?

You may want to consider leasing if you are looking for lower monthly lease payments or enjoy the thrill of a new Acura — when your lease is up, you’ll have the opportunity to return your vehicle and select a new one. You are also not affected by depreciation, as you are contractually obliged to return your leased Acura. However, if you feel in love with your ride, you are also able to purchase it at the end of your lease term.

There are drawbacks to leasing as well, as this option generally offers less freedom. You are expected to return your vehicle, adhere to mileage limits, and have little flexibility when it comes to modifications and customization. You will also want to make sure to minimize any wear and tear to your lease, as this can incur fees if damage goes beyond what is defined as “normal” use.

Let Our Hackensack Area Acura Dealer Help You Make the Right Call

At Park Avenue Acura serving Hackensack, we know that decisions can be tough when it comes to buying a new car. That’s why our team is here to help you explore all of your options. Take advantage of our online payment calculator to discern an estimated payment plan and get one step ahead in your car-buying process. For more information, don’t hesitate to contact us today!