Should I Buy or Lease?

couple meeting with car salesman
Many Asheville customers come to our dealership wondering, “Should I buy or lease my next Acura?” Ask ten different drivers and you’ll get ten different answers! While a recent graduate in Hendersonville might prefer the flexibility of a lease, a parent might prefer the long-term savings of financing in Johnson City. We’ve created this buyer’s guide to help you think about your priorities, so you can make the best choice possible for your big purchase.

Why Buy a Car?

  • Mileage Freedom: There are no mileage restrictions for a financed vehicle, which means you can drive as much as you’d like without fees and penalties.
  • Total Ownership: Want to upgrade your suspension? Add a spoiler? Total ownership means you have total control when it comes to customization.
  • Ability to Sell: If you want to upgrade to another vehicle in the future, you have the ability to set the price that you find fair and sell to the buyer of your choosing.
  • Financing Options: Do you have good credit? Going through the financing process is straightforward and simple for most, and you can even refinance in the future for a better deal.
  • Long-Term Savings: You might spend more in down payment and monthly costs, but once you’ve made that final payment, the car is yours. That means you can get serious savings with a financing plan.

Why Lease a Car?

  • Short-Term Savings: If you’re not committed to one vehicle, leasing offers lower payments up front – which means you can save quite a bit every month.
  • Trade-In: When your lease contract is over, there’s no need to worry about placing ads and looking for buyers. Simply turn in your keys or trade-up to a brand new model on our lot.
  • Warranty Coverage: Your lease plan typically matches up with a bumper-to-bumper warranty plan, which means anything unexpected is generally covered by your warranty – which can be a huge benefit!
  • Versatility: Because your lease plan only lasts a few years, you have lots of opportunity to explore the latest and greatest Acura models around – including cutting-edge tech features and performance upgrades.
  • Higher Approval Rate: Is your credit a little less than perfect? No problem. Leasing tends to have higher approval rates, so you can secure that car of your dreams.

Explore Your Options at Apple Tree Acura

So, should I buy or lease? If you’re still struggling to make a decision, feel free to contact us at Apple Tree Acura in Fletcher for personalized advice from our experts. Want to learn more? Find out whether you should secure financing from a bank or dealershiphow financing works, and what is a good interest rate for your car loan.

 

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