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13101 N. Kelley Ave, Oklahoma City, OK, 73131

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Dealership Info

Phone Numbers:Online Showroom Hours:
  • Mon - Sun12:00 AM - 12:00 AM
    (Always Open for Online Shopping)
Sales Hours:
  • Mon - Sat8:30 AM - 9:00 PM
  • SunClosed
Service Hours:
  • Mon - Sat7:00 AM - 7:00 PM
  • Sun9:00 AM - 4:00 PM
Parts Hours:
  • Mon - Sat7:00 AM - 7:00 PM
  • Sun9:00 AM - 4:00 PM
Service

Leasing vs Buying

New Car Lease vs Buy

Why Lease a New Car?

If you want to drive newer, safer, more reliable cars or trucks, but not commit to a big down payment every 3-4 years, and also don’t travel an excessive amount of miles every year, then a new car lease should be better for you. Leasing is better for people who prefer to avoid the hassle of buying and selling every time they want to drive a new car or truck.

Why Buy a New Car?

Contrarily, if you prefer long term relationships with a greater sense of ownership and commitment, then buying could be what’s right for you. Car-buying is typically best for drivers who won’t mind driving the same car, truck, or SUV for over five years or even until the vehicle is no longer suited for the road.

Lease vs Buy: Which Is Right for You?

Knowing the pros, cons, and overall benefits of leasing vs buying a car or truck is critical. Be sure to acknowledge factors such as monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new car financing type for you.

Leasing vs Buying: Ownership

When considering vehicle financing, new car or truck ownership surely comes with many advantages, most associated with entire ownership of the vehicle. You may not realize, however, there are also a few great advantages to leasing, as well. It’s essential to consider all financial aspects including interest rate, down payment, monthly payments, term length, buyout payments, depreciation, and maintenance & repair costs, before making a decision. A close checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the optimal choice between leasing and buying a new car, truck, or SUV.

pros and cons of leasing vs financing a new car

Monthly Payments

Vehicle lease payments are often less expensive in comparison to car financing and loan payments as the typical lease format is more-or-less renting with the option to buy out at the final payment of your lease term. Just consider when leasing that you will need a healthy credit score, and will be required to carry collision and comprehensive insurance, though the same can be said for the lower rate auto loans. Though it can increase monthly payments, it’s also better to get a model with the features you want or need, as personal satisfaction is often priceless.

is it better to lease or buy a car

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It’s important to remember this when projecting monthly costs of leasing vs ownership. No matter which make and model you select, mechanic bills are an unknown cost that can rapidly add up. And for those of us who are not certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing might be the best option for peace of mind.

is leasing better than financing

Investment vs Savings

Generally speaking, a new vehicle lease saves money in the short term with lower monthly payments, while buying earns you a long term investment, meaning outright ownership of the value of the car at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.


Lease Buy
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Maintenance & Repair Costs Typically Included Not Included
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
APR % Credit-Based Credit-Based
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available


Acura Lease and Finance Offers In Oklahoma City OK

Bob Howard Acura knows that choosing the right Acura car and financing option is never easy. Our team of experienced Acura lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Oklahoma City, OK. We look forward to serving you.


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DealerRater Oct 5, 2021

The service advisor was excellent. Got my car back on time and it was in perfect condition.

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DealerRater Sep 25, 2021

Service department did a great job. Very friendly. Work was done quickly and as discussed during the initial meeting.

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Cars Sep 21, 2021

Timely repair. Good service, fair price.kept me informed of any changes.washed and cleaned car after mechanical work completed. Very friendly. I will return again when I need service.

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Cars Sep 19, 2021

Amazing customer service! They make sure to clean up your car every time you get it serviced at no additional charge. Highly recommend this dealer.

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DealerRater Sep 11, 2021

Very professional, courteous and thorough. Will return next time I need help. Randi was very helpful in explaining the problem and that the warranty still applied. she communicated with me just as she said she would in follow up.

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Contact Us

(405) 753-8770

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13101 N. Kelley Ave • Oklahoma City, OK 73131

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Today's Hours:

Open Today! Sales: 8:30am-9pm

Open Today! Service: 7am-7pm

Open Today! Parts: 7am-7pm

Bob Howard Acura 35.6030368, -97.4968194.