Should I Buy or Lease?

Benefits of Buying

• Customization: If you like to stand out on the roads in Tustin, buying rather than leasing allows you to make cosmetic and mechanical changes without any restrictions.
• Ability to Sell: Without the restrictions of a lease agreement, you can sell your vehicle at any time.
• Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward, and generally open to those without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
• No Mileage Restrictions: If you plan on putting a lot of miles on the odometer, it may be better to purchase your vehicle so you are not charged for exceeding mileage restrictions that come along with a lease.
• Total Ownership: Buying a vehicle means it’s yours completely. You are free to do with it what you please.
• Less Cost Over Time: Though buying a new car is initially more costly, it becomes less expensive to own the longer you have it.

Benefits of Leasing

• Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. All you have to do is pay any additional fees and choose your next ride.
• Warranty Coverage: Warranty coverage is typically still valid during the terms of the lease, so you don’t have to worry about out-of-pocket expenses.
• Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs will be much lower than buying.
• Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
• Options: If you like to consistently drive a new vehicle with all of the bells and whistles, leasing allows you to get behind the wheel of a new car more often.
• High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease. You can even be approved with poor or no credit.

Explore Leasing and Financing Options at Weir Canyon Acura

Whatever you choose, remember the decision is based entirely on your personal needs and financial situation. What works for some might not work for others. You can even find more helpful features like how to calculate a car loan interest rate, how to lease a new car with bad credit, and value your trade-in. Take a look at our extensive inventory of new Acura models and contact us today if you would like to set up a test drive. In the meantime, explore our Acura TLX lease specials, our RDX lease specials, or you can even learn more about fun things to do in Riverside.