Should I Buy or Lease? | Leasing vs. Buying | John Eagle Acura

Should I Buy or Lease?

When you’re shopping for a new vehicle near Katy, you have a few options when it comes to buying your Acura car or SUV: buy vs. lease. Both options have their pros and cons, but you might be wondering which is the better option for you. Take a look at the benefits of both buying and leasing to see which makes the most financial sense.

Benefits of Leasing

  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. Head to your local Houston dealership, pay any remaining fees, and drive away in your next vehicle of choice.

 

  • Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs will be much lower than buying.
  • Options: Leasing allows you to stay in the newest models with the most up-to-date tech every time you lease a new vehicle. You’ll have tons of options and will be able to find the perfect model and features for you.
  • Lower 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.
  • Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as any issue that pops up under your warranty, as long as you don’t go over the mileage limit, is covered.
  • High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved.

 

Benefits of Buying

  • Total Ownership: Buying a vehicle means it’s yours completely. This means you are free to do with the vehicle what you please. There are no restrictions on how it’s modified, decorated, etc.

 

  • 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’re driving your vehicle inside and outside of the Sugarland area, you may want to consider buying. Without the mileage limits you get on a leased vehicle, you’re free to drive as much as you want.
  • Customization: Want to make your new vehicle stand out among the crowd? Buying rather leasing allows you to make cosmetic and mechanical changes as you see fit. Create the car of your dreams without restriction.
  • Less Cost Over Time: Though buying a new car is more expensive in the initial period, it is less troublesome in terms of cost over time as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.
  • Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.

 

Explore Automotive Financing Options at John Eagle Acura

Now that you know more about lease vs. buying, you’ll be ready to make the right decision after you’ve found your dream Acura vehicle. Contact us with any questions about our inventory or finance offers, or stop by our showroom in Houston. You can even find more helpful features like how car financing works.

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John Eagle Acura 29.783618, -95.66552.