Should I Buy or Lease a Car?

Hands Doing Calculations with Calculator
If you haven’t bought a vehicle in Denver in a while, you might not remember the precise difference between leasing vs. buying. It’s a pretty big decision that would serve you best if you got right for your needs, and we here at Fisher Acura are ready to help guide you through this major question in car buying. There’s benefits and drawbacks to each of these questions, so if you’re looking for one or the other, it’s best to know the facts before starting in Aurora!

 

 

 

The Benefits of Leasing

So, what is leasing? If you choose to lease, you’re essentially renting your car for several years. Though you don’t get to build equity or sell the vehicle, you only have to pay for the depreciation that occurs over the duration of the lease term, meaning your monthly payment will be lower and your down payment will be smaller. You also will pay less sales tax. Another leasing vs. buying benefit in favor of leasing is that you’re flexible, with the ability to renew your lease, swap it out, end the lease, or finance the remaining value of your car.

The Benefits of Financing

Should you buy or lease a car? Let’s talk about financing to complete the picture. If you choose to finance in Broomfield, you’ll take out a loan on the full value of the vehicle with the intention of eventually owning it. The full value of the vehicle will be more than the depreciation over a temporary lease period, so you should expect to make a larger down payment, pay more in sales tax, and pay more month to month. However, you can sell the car at any time and get equity in your vehicle that can be tapped into when you sell. If you’re looking for the more cost effective strategy, even though the costs are greater, you should pick financing.

Explore Leasing vs. Buying With Fisher Acura

The team at Fisher Acura is ready to help you make the most out of your car buying purchase. Contact us today on our convenient online web form to get started or apply for financing to get pre-approved for an auto loan or lease term.

 

More from Fisher Acura

  • 2024 Acura Models Earn IIHS Top Safety Ratings

    Colorado Drivers Can Breathe Easy: Acura Leads the Pack in 2024 Safety Imagine cruising through Colorado’s breathtaking landscapes with the confidence of knowing you’re in one of the safest vehicles on the road. That’s the peace of mind Acura drivers in the state of Colorado enjoy, thanks to the brand’s unwavering commitment to safety innovation….

  • 2024 Acura TLX: Elevating The Colorado Mountain Driving Experience

    Acura’s 2024 TLX – Elevating Performance, Safety, and Comfort for Colorado Mountain and Snow Drivers Fisher Acura proudly announces the arrival of the enhanced 2024 Acura TLX Sport Sedan, setting new standards for sport sedans with its upgraded styling, advanced in-car technology, and enhanced cabin comforts. With a starting MSRP of $45,000, this refreshed model…

  • Acura Integra Type S: The Winterland Warrior

    What Makes The 2024 Acura Integra Type S A Good Winter Car? The 2024 Acura Integra Type S is more than just a track star. It’s also a surprisingly capable winter car, thanks in part to its helical limited-slip differential (LSD). What is a limited-slip differential? A limited-slip differential is a type of differential that…

Saved Vehicles

You don't have any saved vehicles!

Look for this Save icon

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

Garage

Your garage is empty.
Save some vehicles to get started!
DI Move Pixel
Fisher Acura 40.0154913, -105.2148957.