One of the biggest decisions that comes with getting a new Acura car is whether you should buy or lease. While buying is certainly the right choice for buyers who wish the keep the same car for an extended period of time, leasing also has a number of advantages. Here at our Acura of Peabody finance center, our team of finance professionals is happy to explain the process that goes along with leasing a car, including an Acura MDX lease.
What is a Car Lease?
The simplest way to think of an Acura lease is as being similar to a long-term car rental.
When you visit our dealership to lease the 2020 Acura MDX or other Acura vehicle, you will pay an initial fee, also known as a down payment, which is required to lease the vehicle.
Each month, you will pay a monthly fee in order to use the car, because when you lease, you do not actually own the vehicle. Some leases have mileage limitations that you must stay within or risk being charged.
When the lease comes to end (typically after two to three years), you can have three options. You can:
- Return the car to our dealership and drive off in a brand new Acura car
- Buy the car outright
- Return the car and walk away.
Our Acura Finance Center
When you lease a car from our dealership, you will work with the friendly professionals at our Acura finance department. Here, you can view special lease offers on a variety of new Acura cars, as well as find the best financing option for your situation. To learn more about leasing an Acura MDX, contact our dealers today.