Should I Buy or Lease? | Acura of Ocean

Should I Buy or Lease?

When you’re looking to get a new vehicle for your Red Bank commutes, you may be wondering about the best financial path for your needs and budget. That’s why it is important to weigh the pros and cons of leasing vs. buying. There are benefits to buying and leasing, but you will need to evaluate what your needs are, determine what you can afford, and know what type of vehicle you want. Let’s take a look at the benefits that come along with financing and leasing, so you know which is right for you before you visit our Ocean showroom!

Benefits of Buying

  • No Mileage Restrictions: If you’re driving your vehicle long distances outside of the Asbury Park area, buying may be your best bet. Without the mileage limits you get on a leased vehicle, you are able to drive as much as you want, wherever you want.
  • Total Ownership: Buying a vehicle means you own it completely once it is paid off.
  • Customization: Do you want your vehicle to match your unique personality? Buying rather than leasing allows you to make cosmetic and mechanical changes as you see fit. There are no restrictions when customizing your dream car.
  • Ability to Sell: Since you’re not locked into a lease agreement, you can sell your vehicle anytime you want.
  • Financing Options: While leasing isn’t too complex, the car financing process is more straightforward. You may also have the option to refinance your loan down the road to lower your interest rate and monthly payments.
  • Less Cost Over Time: Though buying a new car is more expensive initially, the vehicle does become less expensive to own the longer you have it.
2019 Acura RLX parked

Benefits of Leasing

  • Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs will be much lower than buying.
  • Less Sales Tax: In most states, you will pay significantly less in sales tax when you lease a vehicle. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. Head to your local Ocean dealership, pay any remaining fees, and then drive away in your next vehicle of choice.
  • Great Coverage: Typically, most maintenance is covered under the terms of the warranty for the duration of the lease, which means less out-of-pocket expenses.
  • Options: Leasing allows you to stay in the newest models with the most up-to-date tech every time you lease a new vehicle. Drive a new vehicle more often when you lease.
  • High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease even if you have poor or no credit.
2019 Acura RLX rear exterior

Explore Leasing and Financing Options at Acura of Ocean

Depending on your driving needs and financial situation, one of these options may be better suited for you. What works for some might not work for others. Explore all of our Acura leasing and financing deals, and head over to our dealership near Freehold to find your next vehicle. Contact us if you have any questions or would like to know more about the car financing process, leasing a used car, lease buyouts, or financing at a bank vs. a dealership.


  • 2020 Acura RDX Accessories

    The 2020 Acura RDX comes with standard performance and technology features that would impress anyone. Ocean drivers who want even more perks for their SUV have tons of options when it comes to RDX accessories. From comfort features to flashy exterior additions, the parts center at Acura of Ocean covers 2020 Acura RDX accessories below. Learn More…

  • 2020 Acura TLX Reviews

    When it comes to doing your research to find the right luxury sedan for Red Bank roads, then you’ll want to see what top auto critics had to say about the 2020 Acura TLX. From its striking style and performance to its range of cutting-edge features, there’s plenty to be impressed by this Acura sedan, and…

  • 2020 Acura MDX Seating Features

    If you’re looking for a luxury SUV that continues to deliver powerful performance and cutting-edge features along with more space on Red Bank roads, then an Acura 7 passenger SUV like the 2020 Acura MDX is the total package. This luxury Acura 3 row SUV comes with enhanced seating and comfort features to add more comfort…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(732) 776-5200

Call Now

909 Route 35 • Ocean, NJ 07712

Get Directions

Today's Hours:

Acura of Ocean

909 Route 35 Ocean, NJ

Phone: (732) 776-5200

http://maps.google.com/?q=909%20Route%2035%2C%20Ocean%2C%20NJ%2007712

Parts

Phone: (732) 776-5200

909 Route 35 Ocean, NJ

Sales

Phone: (732) 776-5200

909 Route 35 Ocean, NJ

Service

Phone: (732) 776-5200

909 Route 35 Ocean, NJ
40.2339628 -74.0375136
Acura of Ocean 40.2339628, -74.0375136.