McGrath Acura of Morton Grove
Sales: ​888-314-9314
Service: ​888-341-4704
Parts: ​888-352-0545
9105 Waukegan RD, Morton Grove, IL 60053
McGrath Acura of Morton Grove Phone
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Lease vs Buy

When you walk into McGrath Acura and look at all of the beautiful new models on display, understand that there is more than one way to take one of them home with you. You have two options, you can either buy your desired vehicle outright for the full sticker price, or you can lease the very same car for low monthly payments over the course of two to three years. Below, lease vs buy will be discussed, providing you with all of the benefits and disadvantages of each, so that the next time you’re considering an Acura, you can make an educated decision.

Buying is pretty straightforward, and is the option many consumers choose. You walk into an Acura dealership with either a lot of cash or a check with a dollar amount that matches the retail price. Once a bill of sale is completed, the dealership hands over the keys and you drive away in your new Acura. However, there is an alternative method. When you decide to lease that very same Acura, you still drive away in it, but instead of paying the sticker price, you have low monthly payments that you stretch over the course of a few years.

The biggest differences between leasing vs buying is the affordability and flexibility of leasing that buying doesn’t have. For example, there really isn’t any flexibility in price when you decide to buy. The price is what it is and at the end of the day you end up paying a large sum of money to own a brand-new Acura. With leasing, you don’t have to put anything down as a down payment or take out a large amount from your bank and bring it to the dealership. Instead, you sit down with one of our friendly representatives and agree on monthly payments that work for your budget by filling out a Finance Application. You can also determine how long you want to lease an Acura for. Typical leases last about two to three years, and are is based on mileage. The real difference is that when you buy an Acura outright, you own it for the time you have it. When you lease, you are borrowing the vehicle for an extended length of time.

Another huge difference between leasing and buying is flexibility. Once you buy a new Acura, that’s it. There is nothing more you can or have to do. At the end of your leasing agreement, however, you have a few options. If you fell in love with the Acura you leased, you can purchase it for its deprecation value instead of the full sticker price. You can also upgrade to its latest iteration, or choose from our other great models like the TLX, MDX, or RDX. If you choose to do none of these things, then you can simply turn in the keys and walk away, no questions asked. As with everything, it’s good to have options.

We at McGrath Acura, want you to know all of your options before you even walk into our dealership. That’s why we hope you found our lease vs buy overview insightful. If you have any questions, don’t hesitate to call us at 888-314-9314. We hope to hear from you soon!


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Testimonials

Jerry G.
YELP
August 16, 2017

I walked into this dealership last week in the morning nobody approached me two guys were just looking at me without saying a word.I give them five stars for not being pushy if the customers has questions he should ask for help that a nice show room beautiful NSX on the floor I give this dealership five stars

Sales experience

CARS
August 14, 2017

Noonya did a great job. She has the perfect approach to sales. She is knowledgeable, listens and great at follow up. I would certainly come back to her in the future when I am in the market for another Acura.

BING
August 12, 2017

I was just in this morning, unexpectedly, with my 2010 Ford Fusion. I noticed that my tail light was completely loose at breakfast, and since my dealership is currently on strike, I drove over to the closest dealer to my house. Even though I don't have an Acura (yet), Leo in the service department was amazing! …

Ashley P.
YELP
August 12, 2017

I was just in this morning, unexpectedly, with my 2010 Ford Fusion. I noticed that my tail light was completely loose at breakfast, and since my dealership is currently on strike, I drove over to the closest dealer to my house. Even though I don't have an Acura (yet), Leo in the service department was amazing! He was so helpful and had me on my way quickly! While I did have to pay out of pocket, as my Ford warranty is obviously not valid at Acura, it was okay because the service at McGrath was great! Sidenote: Keisha in sales actually approached me while my car was being worked on. She was great and had a ton of information. When I am ready to trade my car in, I will definitely be coming back to see her! Hopefully, within a year, I can trade in the Fusion with extremely low miles and finally get my TLX I have been wanting for so long. Once I do, I will definitely be back!

I just bought my 4th car from McGrath in 12 years!

CARS
August 12, 2017

They are the best! They evaluated my car, let me test drive a car, negotiated the best deal, sold me the car, gave me an expert to review the technology in less than 2.5 hours. Seriously - best place to go

Excellent experience

CARS
August 11, 2017

We have leased several cars from this dealership. Our salesperson Noonya is fantastic. The whole process was painless. Our last lease was great, with service and they took care of everything so we could just drive the car without any of the headaches. Noonya knows everything about the car. She helped us connect our phones, made the garage door opening thing a snap. You couldn't ask for an easier transition.

Purchased a new 2018TLX

CARS
August 10, 2017

McGrath in Morton Grove rocks. They are a fantastic place to purchase your new Acura. Keisha and Noonya are awesome sales reps. We got the deal done pretty quick and the process was extremely seamless. Keep up the great work. Will strongly recommend to friends and family.

Jeremy Lessaris
GOOGLE
August 10, 2017
Prasenjit Pusty
GOOGLE
July 29, 2017
Debbie Vandervelde
GOOGLE
July 29, 2017

Rashad was wonderful to work with, Sam was so very helpful, and Gus in service was so attentive and willing to make sure we were completely satisfied with our new MDX. Thank you to McGrath of Morton Grove for making this our very best experience in purchasing a car!!!!

Great experience!

CARS
July 27, 2017

I had a great experience with McGrath Acura of Morton Grove! I worked with Rashad Jackson who was extremely thorough, upbeat, and accommodating. He was well-versed in his knowledge of the vehicles, and he worked with me to find the car and payment options that worked best for me. I also had the pleasure of working with Sam who appraised my car and DJ who made sure I left happy and satisfied with my purchase. Overall, I had a really positive experience at McGrath Acura of Morton Grove, would recommend it to others, and will certainly be back! Thank you to everyone who made it a great experience, as you have a very happy customer!

CARGURUS
July 25, 2017

Vlad, did a great jack b with us and was very patient answering all our questions. Nice job Vlad!

Ian Cudny
GOOGLE
July 21, 2017
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