Acura Lease vs Acura Financing

Deciding whether to lease or purchase a car largely depends on your priorities. Leasing is convenient for some people because you only get to use the car when you need it. Others prefer financing a vehicle since they can do whatever they want with it. We are the preferred Acura dealership in Maple, ON. We also serve Mississauga, Vaughan and North York.

Whatever route you decide to take, it is always essential to understand the difference between leasing and financing. It is crucial to understand the two because you never know when you will need to lease or finance a vehicle once and for all.

Acura Lease vs Acura Financing

Whether you choose Acura lease or finance a vehicle, one of the factors that will make the process smooth or difficult is the dealership you approach. Some dealerships may not offer you the best financing rates, while some can drag the car purchase process.

If you are looking for Acura financing, then our dealership is the best place to start. We have been in business for a long time and understand the financial needs of our customers.

We offer the best Acura financial services in the different parts of Canada. We have a team of experienced financial officers who are always on standby to help you make the right choice. Contact us today and begin the journey of owning your favourite car.

What's the difference between leasing and financing?

Leasing

Leasing is a situation where you rent a car from a dealership for a specific period. After the lease period is over, you can decide to return the vehicle to the dealership or purchase it at a pre-determined price (usually indicated in the lease contract).

Financing

Unlike leasing, financing makes you the vehicle's legal owner as soon as its full price of the car is paid in full. You can also do any modifications to the car without worrying about penalties.

What to consider when leasing or financing a vehicle

There are several factors to consider when leasing or financing a car. For example, if you choose between the 2020 Acura RDX vs 2020 Honda Passport, you need to ask yourself a few questions.

How often will I be using the car? Will I need to do any modifications? Is the vehicle for business or pleasure? Asking such critical questions will help you make the right decision.

Benefits of leasing

• Lease terms are shorter.
• There are no trade-in obligations.
• You can drive the latest vehicle models more often.
• You only pay for the car for the period you use it.

Benefits of financing

• You get to own the vehicle.
• You can modify the car as you want
• You can resell the car.

Please schedule an appointment today and see our new inventory. You can also apply for financing and get pre-approval.