What Will My Payments Be?

Thanks to a variety of flexible new-vehicle financing offers from Acura Financial Services, driving away with a brand new Acura has never been easier.  From the College Grad Program or the innovative Acura Leadership Purchase Plan to a variety of lease options, Acura Financial Services has a plan to fit every budget and lifestyle. Have a question about financing a new Acura? Read below for answers to some of our most Frequently Asked Questions.  

Should I Lease or Buy My New Acura?

While most experts recommend buying over leasing because it's usually a better investment, each option has its pros and cons. If you enjoy driving a new vehicle every few years or don't have enough cash for a reasonable down payment, leasing may better be the better way to go. Also take into account maintenance, depreciation, resale value, and your average annual mileage. Buying makes sense if you like to keep your Acura for longer than currently available lease terms.  

How Much Can I Afford?

Naturally, every buyer will have a different budget. As a rule of thumb, however, financial experts agree that your car payment shouldn't exceed twenty percent of your net household income. This includes all financed vehicles in your home, be it one, two, or ten.  

What Factors Determine My Monthly Payment?

The amount financed (the cost of your new Acura minus your down payment), the length of your loan, and current interest rates all play a part in determining your monthly payment.   

How Much Money Should I Put Down on My New Acura?

For new-car leases, the down payment (part of the cash due at signing), is usually predetermined. On a used-car loan, most dealers ask for at least ten percent down, and as much as twenty percent down for a new vehicle. Don't forget, however, that this includes any money received from your trade-in if you had one.   

How Long Should I Finance My New Acura For?

Your financing period will depend on your income and credit score. It's always better to go with the longest loan terms possible because you can almost always pay off the loan early if your financial situation improves. Be aware though, that some auto loans have variable rates and a longer term could result in higher payments at some point down the road.  

How Do I Determine My Interest Rates?

The interest rate you receive depends on several factors which include your credit score, current interest rates, and whether you're buying or leasing your new Acura. Also, Acura Financial Services offers a number of programs that may affect your rate. For the best, most accurate information, you can stop by our showroom at Westside Acura and our friendly staff will be glad to answer all of your questions.   So don't forget, Acura financing has a plan for every budget, and your friends at Westside Acura have a vehicle for every situation.    

* These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.