Lease vs Finance
What is the right way for me to go
Choosing between leasing and financing is as important as choosing the right vehicle. Below are some benefits of both leasing and financing to help guide your decision.
Leasing
In a lease, you do not purchase an automobile. You contract to use it for the first, and best, period of its life. Following are some additional benefits to leasing.
Less Cash Up Front - One of the biggest advantages of a lease is that it does not usually require a substantial down payment. In many states, you can even pay the sales taxes as part of your monthly lease payment, rather than in a lump sum.
Lower Monthly Payment - If the finance period is the same, your monthly payments will be lower when leasing than financing because your payments will be based on the vehicle's estimated depreciation. You are contracting to use a portion of the car's value, rather than buying the entire car.
A New Car More Often - Your taste and preference may change, and a short-term lease makes it easy to drive a new car more frequently. Additionally, you may have needs for a larger or smaller car in a few years, and a lease makes it easy to plan for such changes.
Guaranteed Future Value - You don't have to worry about resale value. If your car depreciates more than the estimated residual value in your lease contract at full term, you can turn it in at the end of your lease term. But if it's worth more, you can buy it and keep it or resell it. A lease gives you an option.
Financing
If you typically keep your vehicle for five to ten years, then financing may be your best option.
Pride of Ownership - Ownership can instill a sense of pride. It can also build equity. Payment by payment, an owner's equity may increase.
No Restrictions on Mileage - This is important to consider if you drive more than 12,000 to 15,000 miles per year.
Make Changes to Car's Appearance - You can alter the interior or exterior to suit your taste, though your choices may affect the resale value.
SERVICE
Do I need to buy a car from you to use your service department?
No, Santa Monica Acura one of the largest volume service centers on the west coast. How ever if you purchase your your vehicle from us we will provide you with a free loaner car for every scheduled service appointment that requires more than an hour of your time.

CERTIFIED PRE-OWNED LOS ANGELES
 Are all Pre-Owned Acura's vehicles certified?
 No. Only vehicles that are six model years and newer with less than 80,000 miles on the odometer can be certified. All vehicles must pass a stringent 150-point Inspection to factory standards in order to become certified.
 Is warranty service available for my Acura Certified PRE-OWNED vehicle only through the Acura dealer who sold me the vehicle?
 No. Every Acura dealer in the United States is authorized to perform warranty service on your Acura Certified Pre-Owned Vehicle.
 Is the deductible associated with the warranty Acura service?
 No. All repairs covered under the Certified Acura warranty are provided at no cost to you.
 How long is the Acura Certified PRE-OWNED Warranty in effect?
 At time of sale, your Acura dealer should provide you with a Customer Acura Warranty Booklet. Additionally, approximately 2-3 weeks after purchasing an Acura Certified Pre-Owned Vehicle, you will receive a welcome letter with a Certified Owner ID card. This card will show the Vehicle Identification Number (VIN), warranty expiration dates on the vehicle, and customer service information from Acura Division of American Honda Motor Co., Inc. If you purchase an optional Acura Vehicle Service Contract, you will receive a booklet with the terms and conditions of the Vehicle Service Contract and a similar customer I.D. card.
 How long is the Acura certified PRE-OWNED vehicle warranty in effect?
 The warranty is a 1 year / 12,000 mile limited warranty and a 7 year / 100,000 mile power train warranty. At time of purchase, if your car is within Acura Division of American Honda's new car warranty (4 years / 50,000 miles), the 12/12 limited warranty will begin at the expiration of the new car warranty, giving you a 5 year / 62,000 mile limited warranty. At time of purchase, if your new car warranty has expired, the 12/12 limited warranty begins on the date of purchase and expires at the earlier of 1 year or 12,000 miles. The power train warranty is good for 7 years or 100,000 miles from the original date of purchase of the new vehicle.
 Is thier special financing available for Acura PRE-OWNED VEHICLES?
 Yes. Special financing rates are available through American Honda Finance Corporation. Fell free to contact our Finance Department for details.
 Can I lease an Acura Certified PRE-OWNED Vehicle?
 Yes. Leases are available through American Honda Finance Corporation.
 Is the acura certified PRE-OWNED vehicle warranty transferable to a new owner?
 Yes. The Certified warranty is transferable to a new owner in a sale from a private party to another private party. Simply complete the Change of Ownership Card at the back of the Customer Warranty Manual and mail it in to Acura Division of American Honda Motor Co., Inc.


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