Both leasing and financing have advantages. At Acura of Ellicott City, our team is here to help you understand the differences so you can make an informed decision.
Leasing vs Financing
When you lease a vehicle, you essentially rent it for a set period, typically two to four years. You make monthly payments during your lease term, and at the end, you return the vehicle to the dealership. Leasing generally comes with smaller monthly payments than financing. However, there are mileage limits and fees for excessive wear and tear.
Financing a vehicle means taking out a loan to purchase it. You make monthly payments on the loan until it is paid off. Financing usually requires higher monthly payments than leasing, but offers more flexibility. There are no mileage restrictions, and you are free to customize or sell the vehicle as you wish.
Visit or Contact Us
Still not sure whether leasing or financing is right for you? The friendly team at Acura of Ellicott City is here to help. Visit our dealership to view our extensive selection of Acura models and take a test drive. Our financing experts can go over your unique options in more detail and help you find the right leasing or financing plan for your lifestyle and budget.