Acura Lease vs. Finance in Miami, FL
You?ve researched the latest models, read our trim comparisons, and finally picked out your next new car or SUV from our inventory, but you aren?t sure what is the best way to pay for your vehicle. Leasing and financing both offer differing advantages, and their suitability depends on your budget, driving preferences, and lifestyle.
Learn about the differences between leasing and financing here, then visit our manufacturer incentives page to learn this month?s limited time finance and lease offers.
Leasing an Acura: Pros & Cons
When you lease an Acura, you don?t own the car, and instead make monthly payments for a set period of time laid out in your lease agreement, typically around three years. At the end of the lease period, you return the car to the dealership and can move on a newer model. You can also choose to purchase the car at the end of the lease term. Payments are based on the vehicle?s depreciation throughout the usage period rather than its total value.
PRO: When leasing an Acura, your monthly payments will be much smaller than when you finance, so our customers have a larger selection of premium trims and high-performance luxury models to choose from without increasing their budget.
CON: Leased vehicles have mileage caps to keep them in top condition, so if you have a long commute or take lots of trips, leasing may not be right for your needs.
Click here to check out the Acura lease specials.
Financing an Acura: Pros & Cons
When you finance an Acura, you make monthly payments based on the total value of the vehicle, plus interest. When you finish your payments, you own the vehicle free and clear. Our Miami Acura dealership can offer you a number of financing plans to suit your budget thanks to our strong relationships with a number of local and national lending institutions.
PRO: You can use, accessorize, or modify your vehicle however you wish, without restrictions from the dealership.
CON: After the warranty runs out, you are responsible for any necessary repairs and for general maintenance as long as you continue to own the vehicle.
Visit the Esserman Acura Finance Department in Miami, FL
If you have questions about any of the new vehicle specials or monthly incentives we offer at our dealership, our experienced auto finance experts can walk you through the process and find a payment that works with your budget. Don?t hesitate to call (786) 320-7288 and get the answers you need to take home the new luxury or high-performance Acura.