If you’re shopping for a new Acura in the Portland area, one of the most important decisions you’ll make is whether to buy or lease your next vehicle. At Ron Tonkin Acura, we proudly serve drivers throughout Portland, Beaverton, and Wilsonville with a wide selection of new and pre-owned Acura models, along with financing support designed to make the decision easier. Choosing between buying and leasing often comes down to how long you plan to keep your vehicle, how many miles you drive each year, and how you prefer to structure your monthly budget. Leasing can be a strong option if you want lower monthly payments and the flexibility to upgrade into a new Acura every few years with the latest technology and features. Buying, on the other hand, is often preferred by drivers who want long-term ownership, unlimited mileage, and the ability to build equity in their vehicle over time. Our finance team is here to clearly explain both options, help you compare real-world costs, and guide you toward the choice that best fits your driving needs and financial goals.
Buying a car from Ron Tonkin Acura means getting to keep the vehicle for as long as you’d like.
You do not own the vehicle. Once your lease term is over, you can either return the vehicle or buy it.
Over time, your vehicle will start to depreciate in value. Your car will be worth whatever you can sell it for in the future.
The future value of your lease will not affect you financially.
Owning your Acura means that you don’t have a limit on how many miles you drive.
You will have a limit on the amount of miles you can drive, usually around 15,000 miles. Additional fees occur if you go over the limit.
You are free to modify or customize the vehicle as you’d like.
The vehicle must be returned in like-new condition. Any customizations, if not removed, will result in additional fees.
At the end of your loan term (usually around 4-5 years), you no longer have payments and the vehicle is 100% yours.
At the end of the lease (typically 2-4 years), you can either choose to return your vehicle or pay the remaining cost to own it.
Once your warranty is over, you will be responsible for repairs to your vehicle.
When leasing, your car is always under warranty. Any repairs not due to accident, abuse, or normal wear and tear will be covered.
Still not sure whether you should buy or lease your Acura? Visit Ron Tonkin Acura at 9655 SW Canyon Road in Portland, OR where we can answer all of your questions regarding leasing and financing!
In most cases, lease payments are lower than financing payments because you are only paying for the vehicle’s depreciation during the lease term rather than the full purchase price.
Yes, most Acura leases include a buyout option at the end of the term, allowing you to purchase the vehicle for a predetermined price.
If you exceed your mileage limit, you will typically be charged a per-mile fee at the end of your lease. If you drive frequently, buying may be the better option.
Leased vehicles are typically covered under the manufacturer’s warranty for the duration of the lease, which can reduce out-of-pocket repair costs compared to owning a vehicle long-term.
