How Can I Afford a New Acura?
For most of our customers, paying the full price
for a new vehicle up front isn't feasible. Instead, we help local drivers from
San Diego and Riverside find ways to spread out the cost of a vehicle over time
through lease and loan options. Splitting the cost of your vehicle across
monthly payments can greatly reduce the financial burden and open up more model
options. To find out what kinds of affordable lease and loan
options are available to you, complete and submit our online application. We'll
review your information and follow up with options.
Should I Lease or Loan My Next Vehicle?
While auto loans and Acura leases operate similarly
through monthly payments, they vary from each other in several key ways. For
starters, only one grants full ownership of the vehicle. With a loan, a lender
will supply the cash necessary to purchase the vehicle. You'll take ownership,
then pay back the lender over time with an established interest rate. Monthly
payments may be higher because you're paying for the total cost of the vehicle,
but you can keep the car as long as you like and won't have to worry about
mileage limits. Conversely, lease options don't offer ownership. Rather, a
lease allows you to borrow a new model from the dealer for a set amount of time
-- typically two to three years. A lease usually includes a mileage limit, but
monthly payments are usually lower because you're only paying for the cost of
depreciation. If you like to upgrade vehicles every couple of years, a lease
may be for you.Â