If you are planning to get a new Acura vehicle, it is important to know the differences between the two payment options: leasing and financing. When you lease a vehicle from Acura Clinton, you do not take ownership of the vehicle. Instead, you make a monthly payment to our dealership to be able to drive your new Acura vehicle of choice. When you lease a vehicle, you have to adhere to yearly mileage limits, and you can't make modifications to the leased vehicle. At the end of the leasing period (usually 36 months), you can return the leased vehicle, trade it in for a new Acura model to lease, or buy the leased vehicle.
When you finance a new Acura model, you take out an auto loan so that you can pay for the vehicle right away. Afterward, you must pay back the loan over time with interest added. You can drive the vehicle all you want and make modifications. The amount of interest you pay is determined by your APR (annual percentage rating), which in turn depends largely on your credit rating. In short, the better your credit score, the lower your interest rate. Once the loan is paid off, the vehicle belongs completely to you.