When you find the new luxury car of your dreams here at Acura of Peabody, you have a big choice to make. Do you buy it or do you lease it? Depending on your driving needs and budget, one option might work better for you than the other. Let’s take a closer look at leases so you know what to expect.

When you lease a car, you generally have to make a payment upfront. After that, you’ll make a payment each month to keep leasing your car. It sounds a lot like buying a car at first glance, but you need to keep some big differences in mind.

One of the big ones could be the mileage limit. Many lease contracts say that you can only drive a certain amount per year, like 12,000 miles, without accumulating extra fees. If you think you may go over that, you may want to consider purchasing vs leasing.

Some lease agreements also cover some forms of maintenance. This is one way that leasing a car can end up offering a more predictable cost of ownership than buying one. Just remember that some lease agreements could also require you to buy more insurance than you normally would. Depending on your budget and driving needs, leasing might be the best option for you. Either way, our Acura financing experts will be there to help you at every step of the way.

When your lease is done, just bring the car back to our dealership. You can choose to buy your car at that point or you can choose to lease another model. If you do the latter, you’ll get to experience the newest tech that Acura cars have to offer.

So when you’re ready to lease a new vehicle, visit our Acura dealership near Beverly, MA. We’ll help you find a new Acura car that you’ll love driving. We hope to see you soon for a test drive!