Buying vs Leasing a New Acura Mobile AL
The luxury interior and high-performance engine of the 2015 Acura TLX are intoxicating and tempting, but what is the best way to get yourself behind the wheel? Which is better, buying or leasing? Both financing options have their pros and cons and a lot of it depends on you and what method fits you best. Take a look at the positives and negatives of buying vs leasing a new Acura in Mobile, AL and settle your personal debate, so you can get behind the wheel of that new car.
2016 Acura ILX
Buying a New Acura
So, what are the benefits of buying a new Acura over leasing one? Probably the most exciting characteristic of buying a new car is that you OWN it. That car is yours to do with what you will and you can get the most for your money as far as time. There are also no mileage restrictions when you buy a car. You can drive your new 2015 Acura MDX until the wheels fall off if you want and who knows, if you follow basic and regular car maintenance, it may last forever.
With the benefits of buying already on the table, lets talk about what the drawbacks can be. One of the biggest cons to buying a new car is value. As soon as you leave the lot, your car depreciates in value significantly and if you decide you want to sell it after a couple years it may not be worth what you still owe. Buying a new car also typically requires a larger downpayment of 10 to 20 percent, though that varies. When you buy a car your monthly payments are generally higher as well, so be sure to know what your budget is.
Leasing a New Acura
Leasing that new 2015 Acura ILX definitely comes with its benefits, primarily, more car for less money. Monthly payments on a leased vehicle are generally significantly lower than if you were to buy that same car. Down payments are generally lower when leasing as well, saving you a bit of money. The length of a lease is always an important factor as well, because typical leases will be up before the factory warranty, meaning that most service-related issues will still be under warranty.
Leasing a new car does come it with its deficiencies however. Lease contracts usually contain mileage restrictions that range from 9,000 to 15,000 miles, so if you have a lot of driving to do, leasing may not be your best choice as overcharges can be a bit expensive. Leasing a car is essentially renting a car, so you never really get that thrill of OWNING a car. Automotive leases can also be more difficult to qualify for, so if you struggle with credit, leasing isn’t your best option.
If you are looking for a new Acura model, buying or leasing are your two primary methods, but each has its own pluses and minuses. Take a look at the pros and cons of buying vs leasing a new Acura in Mobile, AL, so you can make an informed decision when you stop in at Joe Bullard Acura. We also have financial options right here for you at the dealership including pre-approved loans. Stop in and talk to our financial experts today and get behind the wheel of a new Acura.
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