Are you considering a new Acura lease but have questions about how leasing a car works? You've come to the right place. The team at our Acura dealership near Berkeley has years of experience helping car shoppers navigate the car leasing and financing processes, ensuring they have all the information they need before making a decision.
Paul Dixon, one of our top vehicle lease experts, is here to provide answers to some of the most commonly asked questions about leasing a car that we receive. Take a look through our Acura lease FAQs below, then head to Oakland Acura to speak directly with Paul or another member of our expert team!
Acura Lease Frequently Asked Questions
Car payments are typically lower on a lease than on a purchase.
Customers are taxed only on the monthly payments in a lease instead of on the total purchase price of the vehicle.
Typically during the time a car is leased, the amount of maintenance like oil changes will be the same. Repair costs may be less as the vehicle is new and under warranty.
We aren't aware of a difference in premiums, but you should confirm this with your insurance agent.
Insurance requirements are the same for both leasing and purchasing options when you finance a vehicle. Full coverage is needed at the time of leasing.
No, the purchase price cannot be negotiated at the end of the lease. The "residual value" (purchase price) is decided by the manufacturer based on how many miles per year the lease is. This is determined at the start of the lease.
There are many options when you reach the end of the lease, including returning the car to us. The customer can choose to purchase their car, but they are never obligated to purchase the vehicle.
From a monthly payment standpoint, most vehicles are less expensive to lease than to buy.
Lease an Acura Near Berkeley, CA
If you have any further questions about the benefits of leasing a car or how the process works, feel free to contact Oakland Acura. Paul Dixon and the rest of our expert car leasing and financing team will be happy to address all your concerns and set you up with a car payment plan that you're happy with. We can't wait to help you sign a new MDX or Integra lease that you love!
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