Benefits of leasing an Acura:

• You can have a lower payment without having to put as much money down as a financed vehicle.
• Drive a new Acura every few years.
• Your car is always covered by a warranty.
• You save money on sales tax because you only pay tax on the portion of the lease you use.
• Leasing gives you a few unique options that can save you money: multiple security deposits and one pay leasing. Ask us for details!
• Florida license plates are less expensive for a lease.
• Vehicles have the lowest cost of ownership when they are new. Tires and brakes are new and maintenance is minimal. When you lease you are normally not exposed to major maintenance expenses like in a loan where longer terms mean more maintenance expenses.
• Leasing hedges your financial loss in the event of an accident, as long as it is repaired to satisfactory standards.
• You’ll receive free GAP coverage (Guaranteed Asset Protection Insurance).
• When you lease with AFS you get Acura Loyalty Advantage (ALA).

Upon the expiration of the lease agreement:

• Lessee can return the leased vehicle.
• Lessee can buy the vehicle at its guaranteed fixed value (residual).

What is Acura Loyalty Advantage (ALA)?

• ALA rewards qualifying, existing Acura clients with a mileage rollover or a mileage waiver when the client signs a new Acura Luxury Lease or AFS finance contract.

What features are included with ALA?

• Qualifying, existing Financial Services (AFS) clients can receive either Momentum Miles or Mileage Forgiveness benefits when they sign a new Acura Luxury Lease or AFS finance contracts.

What are Momentum Miles?

Clients who have driven less than their contracted miles will get up to 15,000 miles rolled over to the next Acura Luxury Lease.

Examples:

- If a client drove 42,700 miles with a contractual mileage allowance of 45,000 miles, 3,000 miles are eligible to be rolled over to the new Acura Luxury Lease.

- If a client drove 26,000 miles with a contractual mileage allowance of 45,000 miles, 15,000 miles are eligible to be rolled over to the new Acura Luxury Lease.

What is Mileage Forgiveness?

Clients who have exceeded their contracted miles will get half of the excess miles waived (up to 7,500). Additionally, the client will receive an extra 1,000 miles added to the contracted mileage for your next Acura Luxury Lease.

Examples:

Lease: Let's say a client had driven 16,200 miles over his contractual mileage. When he returns his Acura, he decides to lease another Acura through AFS. Through ALA, he would get 7,500 miles waived and would only have to pay for 8,700 miles at the standard over-mileage rate. This client would also receive an extra 1,000 miles added to next-lease base mileage lease amount. So if he contracted a new Acura Luxury Lease for 30,000 miles, he would get 31,000 miles instead.

Finance: Let's say another client had driven 10,000 miles over her contractual mileage. When she returns her Acura to the dealership, she decides to return the leased vehicle and finance a new Acura. She will get 5,000 miles waived and will only be responsible for 5,000 miles at the standard over-mileage rate.

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Benefits of buying an Acura:

• Many people have peace of mind knowing they do not have to purchase another car soon compared to a lease. You are in control of when your next vehicle will be purchased.
• You have no worries about tracking your miles, or any extra expense involved with jumping in your vehicle for a spontaneous trip across the country when you purchase.
• Leasing acquisition fees are much higher than loan document stamp fees.
• You do not need to carry as high of insurance coverage when financing compared to leasing, which also saves you money.
• Once your vehicle is paid off, you can drive with a smile knowing you have no more payments!
• When you trade your vehicle at a dealership you get tax credit towards your next purchase, so you save on taxes!

 

If you prefer a new car every few years, leasing might just be best for you! Your time between purchase decisions is normally half of a normal loan purchase. If you enjoy the satisfaction of long-term ownership, or don’t enjoy shopping for a new vehicle, buying might just be the best choice for you!

Whether you chose to buy or lease, Scanlon Acura is here for our customers from Fort Myers, Bonita Springs, Cape Coral and everywhere across Southwest Florida. Contact us today at 239-255-6974 to discuss whether buying or leasing is right for you! We also have a contact form you can submit directly to our team, and we'll get in touch to go over the details of our purchase and lease programs.