Acura Lease Frequently Asked Questions (FAQ)

Thinking of taking out an Acura lease to get behind the wheel of the perfect luxury car? The dedicated finance experts at Acura of Peabody can help! Here are the answers to your burning questions about Acura auto leases.

What is a lease?

Taking out an Acura lease is similar to renting a car. With a lease, you don’t need to buy the vehicle. Instead, you can drive the car of your choice for a fixed period while making monthly payments. These payments are typically less than those associated with taking out a loan.

What happens at the end of a lease?

Once your lease term has ended, you decide what comes next. You can choose to either purchase the car or continue leasing a brand-new model.

What fees and limits are associated with an Acura lease?

In addition to the fixed term and payments, there are some fees and limits to keep in mind when leasing a car. Most leases include limitations on how many miles you can put on the car and how much wear and tear you’re allowed to incur during your term. If you exceed these limits, you may be charged additional fees.

Is it better to lease or buy a new car?

There are benefits and drawbacks to each, and you’ll have to take your own financial needs and driving habits into account when making the decision.

Leases usually carry lower payments than auto loans, and since you’ll only have the car when it’s new, you won’t have to worry about the maintenance needs of older vehicles. However, the car is not yours to keep, and you’ll have to stay within the limits of your lease term.

Explore Leasing Options at Acura of Peabody

Leasing is one of the Acura financing options available at Acura of Peabody. Our top priority is helping you find a car you love, so our representatives are happy to work with you to arrange a financing plan that meets your needs. Visit us today to learn how we can help!

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