Leasing vs. Financing

Leasing vs. financing is an issue that all car-buyers must consider. The right choice for a driver in Hartford may be the wrong choice for a driver in West Hartford and vice versa. If you’re looking to drive home in a new vehicle with a financing plan you’re comfortable with, be sure to debate both options in depth. This quick comparison should help you reach the right decision, but you can also rely on the expert staff at Acura of Avon for more information.

 

couple signing documents

The Pros and Cons of Leasing

The biggest advantage of leasing is that you will likely avoid a large down payment, and your monthly payments will usually be lower. You can also avoid the hassle of trying to get rid of a used car and move onto a newer and better model in less time. The disadvantage of leasing is that you’re locked in a contract that specifies how many miles you can drive and what kind of condition the vehicle must stay in. You also can’t build equity in the vehicle since you never own it. Leasing is a good option for drivers who want to minimize their bills and commit to a car for just a few years.

 

 

The Pros and Cons of Financing

Many drivers choose to finance the next vehicle they drive around Avon so they can enjoy the benefits of ownership. You are free to drive as much as you want and modify your vehicle according to your needs. Plus, you can sell the vehicle at any time. The disadvantage of financing is that you typically pay more each month and have to put a payment down in order to secure a loan. Older vehicles also require more maintenance and repairs and can be worth very little by the time you’re ready to move on. If you drive a lot or want to build equity in your vehicle, financing is likely the better option.

Couple holding up car keys

 

Car-Buyers Come First at Acura of Avon

At Acura of Avon, we have an extensive inventory of new Acuras as well as used vehicles. We also offer incentives for Military service members and recent college graduates so more drivers can access Acura luxury. And whether you want to lease or finance your next car, our team will go the extra mile to ensure you have a great experience. If you have any questions during the car-buying process, don’t hesitate to contact us.

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860-407-3373

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75 Albany Turnpike • Canton, CT 06019

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Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

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Acura of Avon
Acura of Avon
75 Albany Turnpike
Canton, CT, 06019 United States
860-407-3373
https://di-uploads-pod7.s3.amazonaws.com/acuraofavon/uploads/2016/09/avon.jpg
Acura of Avon 41.8240596, -72.8799912.