The
cost difference is the most crucial reason for most people who choose to lease.
Leasing is more cost-effective. Leasing a new Acura automobile is comparable to
renting in that the commitment is minimal, and the total price of the vehicle
is not financed. You will not have to make large monthly payments on a vehicle
loan for years; instead, you'll pay only for the time you use it.
Advantages of Leasing Acura Vehicles
- Reduced monthly payments and cash outlay
- Zero upfront tax
- No resale hassles
- Low servicing costs
- No monetary risk of accident repair
- Guaranteed Asset Protection (GAP)
- Factory warranty coverage
- Option to assign the lease to another more
easily
While there are several advantages to leasing, there are also some
restrictions that you must consider.
First, consider your driving frequency and distance. Car leases
feature kilometer restrictions, usually ranging from 7,500 to 30,000 miles
annually; however, if you drive many miles, you can purchase extra miles in
advance. That can make a significant difference if your commute is long, or you
reside in a rural area.
Also, remember that you do not own the vehicle with a lease.
Therefore, you cannot sell
it, unlike when purchasing a car.