The Acura brand radiates pure luxury and style in the automotive industry. Paired with excellent performance and consistent reliability, this trademark is supreme all around, yet it costs less than the price of other makes in its class. You can feel like royalty while driving your dream on wheels without breaking the bank. Plus, Acuras tend to hold their values slightly better when compared to competitors. Greatneck Motorsports explains the benefits of financing a used Acura below.
The first appealing feature of financing is that drivers are able to borrow 100% of an auto’s cost of purchase. This benefit allows a customer to obtain a car right away instead of putting money aside over time in order to produce a chunk of cash upon sealing the deal. After the required paperwork is completed at the dealership, the vehicle is ready to take home and enjoy. If you choose this route, be certain beforehand that you can cover your monthly finance payments so that there will be no problem keeping up your end of the monetary agreement.
Secondly, and very importantly, taking out a car loan will assist you in establishing credit as long as you are responsible. If you are always on time when making your payments, you are on your way to building a favorable track record in terms of credit. A good credit rating opens the door for future loans such as securing a mortgage for a house or borrowing money for a business.
Thirdly, since you don’t have to spend thousands and thousands of dollars to buy your pre-owned Acura outright from the start, you can keep your money in the bank where it may come in handy for other purchases and/or if you have any unforeseen expenses down the road. As life is often unpredictable, holding onto your nest egg rather than sinking it into a vehicle can undoubtedly provide financial reassurance and peace of mind. Lastly, your auto finance may be tax-deductible. For example, if you are the owner of a company and the business takes out a loan to obtain a company car, the costs associated with the loan can be tax-deductible. Be sure to speak with your accountant to find out if you are able to claim any expenses such as the interest on the loan, insurance payments, auto servicing, and repairs.
Greatneck Motorsports supplies patrons with an impressive variety of quality pre-owned vehicles at competitive prices. We are conveniently situated at 300 Great Neck Road in Great Neck, NY, and may be contacted by calling (516) 590-3580.