Buy vs Lease near Washington, DC

Buy vs Lease near Washington, DC

Have you recently come to the conclusion that you can’t endure the inconvenience of not having a car to drive around Washington, DC, anymore? Then, you might be torn about whether to buy or lease. This is an age-old dilemma we at Radley Acura are familiar with, so allow us to explain what distinguishes the two options!

Buying

One of the most popular ways of getting behind the wheel, buying has several benefits. First, you’ll have a wider variety of options, as both factory-fresh cars and pre-owned vehicles will be in the running. Secondly, you’ll have full ownership of your acquisition, which means mileage limits won’t restrict you from getting around Capitol Hill to your heart’s content. However, this means you’ll have to cough up the price, whether through an upfront cash payment or four to seven years of loan reimbursements. This is definitely a ponderous commitment not everyone has the means to make, but once your purchase is paid off, it might prove to be a great asset, especially if you end up selling it for a decent value.

Leasing

In contrast to buying, leasing gives you the opportunity to take home only factory-fresh vehicles. Many motorists find this to be an incredible deal, as they’re able to command a brand new car equipped with modern amenities without having to pay the full sticker price. This is because your down payment and monthly installments will cover only the expected depreciation of your selected vehicle. Your contract will last an average of three years, which means you’ll have the freedom to upgrade to a newer model before long. When you lease with Acura, you’ll also be able to save funds on certain factory-scheduled services, as 2023 or newer models come with Acura Maintenance Program1 coverage for two years or 20,000 miles, whichever comes first.

Which Option Is Right for Me?

Deciding between buying and leasing doesn’t have to be as complicated as you might think. Our team suggests considering several factors. First, what is your budget? Ask yourself if you could realistically keep up with making payments for as long as seven years, or whether your current employment situation is stable enough to guarantee a consistent income for that long. Second, assess your travel needs. Do you simply need a car to run errands around the neighborhood, or does your commute regularly take you up and down Interstate 66? Lastly, reflect on your long-term plans. Whether you plan to move across the country soon or settle down where you are currently may be something you want to consider in your decision-making process. 

Curious What Your Lease End Options Would Be? Read Our Guide on the Subject Below!

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Testimonials

My experience at Radley service department was excellent.

Stephanie S
3-9-2023
Full Star Full Star Full Star Full Star Full Star

My experience at Radley service department was excellent. The managers and friendly and professional and provide timely updates about diagnostic findings on my vehicle. For my recent service, I waited in the service waiting room which is spacious, clean and quiet. I took my 2019 vehicle in because of a strange metallic clinking sound. The technician did impressive detective work to find a piece of metal road debris that had gotten caught inside the tire. Despite being an unusual issue, the Radley team fixed my car quickly.

We had nothing but a great experience with Radley Acura.

Everett Tucker
3-9-2023
Full Star Full Star Full Star Full Star Full Star

We had nothing but a great experience with Radley Acura. We worked with Brian and he took great care of us. We live in NC and this was the only location (on the east coast) that had the 2022 MDX we were looking for. Living out of state Brian made the purchase easy for us and was in constant communication with us (even late at night or when he wasn’t “working”). We purchased around Christmas and he made everything seamless, we never even stepped foot in/on the dealership. He sent us pictures and details to make sure we approved before we confirmed the sale, as soon as the car arrived from the factory, he got it shipped to us within a few days. He set up everything from taking the downpayment, to getting paperwork sent to us, adding the heated steering wheel to our ASPEC, and even setting up getting the car shipped to us in NC. We received our NC tags within 30 days. Couldn’t say enough positive things and when we are looking to upgrade our next car we will probably make the trip back up to Radley and work with Brain again, we were that impressed.

Lucas was the perfect salesman, so if he sees this, thank you for the great experience!

Mahir Mohiuddin
3-9-2023
Full Star Full Star Full Star Full Star Full Star

Lucas was the perfect salesman, so if he sees this, thank you for the great experience! While shopping for cars, there were a couple cars I was interested in, and Lucas was very genuine about the car buying experience. We thoroughly went through the cars as if he was making a purchase too. He pointed out a couple minor defects that I might not have noticed because he wanted to make sure I was fully informed before making the purchase. I really appreciated and respected that. I wish all cars salesman were as genuine as Lucas. After the purchase, I kept in touch with him about the car. During my first service, I went to sales to catch up with him and he was happy to chat with me and kill time while I waited for the service. I talked to him about a couple parts I was planning to buy for the car, and he was actually able to just give me one of their surplus parts! Lucas definitely helps provide a top notch Acura experience. Like

My visit to Acura was short, informative and exceptionally great.

Tony Bstill
3-9-2023
Full Star Full Star Full Star Full Star Full Star

My visit to Acura was short, informative and exceptionally great. I can't thank the sales person enough, Richie Staggers was a great in helping me to find a car that fit my needs. He answers all my questions and was patient with me. Jereis who was my finance manager, was amazing. She was great from beginning to end. She was upfront about the policies pricing and offer availability. It was a pleasure to work with such a professional team. My experience was wonderful and quick. Thank you all at Radley Acura.

First, scheduling an appointment was a breeze and very convenient.

Clement Ezeanii
3-9-2023
Full Star Full Star Full Star Full Star Full Star

First, scheduling an appointment was a breeze and very convenient. I was greeted and taken care of by Lamar, who displayed excellent customer service skills throughout the process. I had a check engine light that needed diagnosis and repair as a condition for passing my emissions test. The issue was resolved and the 50% off coupon was honored for labor and parts. I was thoroughly satisfied with my experience and will be back for any other significant issues in the future.

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1. Acura Maintenance Program covers certain factory scheduled maintenance on 2023 or newer vehicles for two years or 24,000 miles, whichever comes first. Certain models may require different maintenance schedules as recommended by the vehicle's Maintenance Minder system and described in the vehicle's Owner's Manual. See a participating Acura Dealer for vehicle eligibility, coverage details, and exclusions. Valid only in the United States of America.