Buying vs Leasing

Explore the Pros and Cons of Buying and Leasing

As you approach the moment when you can drive home in the new Acura vehicle of your dreams, you will find yourself faced with a decision regarding how you wish to go about making your purchase. Should you buy or lease your new Acura model? There is no wrong answer, but one option might fit your lifestyle better than the other, so it always pays to explore the pros and cons of each. Here at Swickard Acura of Thousand Oaks, we can help you choose the path that's right for you.

Benefits of Buying

If you choose to buy a new Acura model in Thousand Oaks, you get to enjoy the freedoms that ownership has to offer. There are no limits on mileage, wear and tear, or customization, so you don't have to worry about paying extra fees. You can also put your car's value towards something else further down the line should you choose to trade your car in for something new near Oxnard and Ventura.

Downsides to Buying

Buying a new vehicle is generally more expensive up front, so you'll find yourself with higher monthly payments. Buying a new car might also be ill-advised if you prefer to drive a new car every few years.

Benefits of Leasing

Leasing allows you to make lower monthly payments and seamlessly transition to a new car every few years. This allows you to keep up with the latest tech and safety features that the Acura brand has to offer here at our dealership serving Los Angeles. Additionally, leased vehicles typically remain under warranty for the duration of the lease. If you love driving new cars around Valencia and you don't tend to rack miles up quickly, then leasing might be the best option.

Downsides to Leasing

When you lease, the expectation is that you'll return the vehicle at lease-end with minimal wear and tear. That means you can expect fees for excessive wear or mileage. You also won't be able to use the value of the car towards a new purchase.

Learn More

Our financing experts at our Acura dealership serving Simi Valley and Woodland Hills are available to go over the pros and cons of buying and leasing in more detail to help you find the right fit. Connect with us today to get started.