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Financing vs. Leasing

The Difference Between Buying & Leasing

With a purchase, you pay for the entire cost of the vehicle, regardless of how many miles you drive each year. You typically make a down payment, pay sales taxes in cash, and pay an interest rate determined by the loan company, based on your credit history. You make your first payment a month after you sign your contract. Later, you may decide to sell or trade the vehicle for its depreciated resale value.

When you lease, you pay for only a portion of a vehicle's cost, which is the part that you "use up" during the time you're driving it. Sometimes, you have the option of not making a down payment, you pay sales tax only on your monthly payments (in most states), and you pay a financial rate, called money factor, that is similar to the interest on a loan. You may also be required to pay fees and possibly a security deposit that you don't pay when you buy. You make your first payment at the time you sign your contract - for the month ahead. At lease-end, you may either return the vehicle, or purchase it for its depreciated resale value.
When making a 'lease or buy' decision, you must look not only at financial comparisons but also at your own personal priorities - what's important to you.
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make the best decision for your situation!

After looking at both options, if you feel financing is the best option for you, please take a moment to fill out a finance application to get pre-approved for the vehicle for your dreams.
Determining whether you should lease our purchase a vehicle is always a difficult (and frustrating) decision, but first you need to decide which vehicle is meant for you.  Here at Bridgewater Acura we want to make this as easy of an experience for you as possible.  Take a look at some of our videos to help give you an inside look as to which vehicle is right for you.