Acura Financing Deals

Acura is the luxury arm of Honda Motor Co. And like its Japan-born competitors, Acura was made for the foreign market, not the Japanese market. To this day, most of its production and sales are in the U.S., where it was the first brand to obtain a five-star safety rating across an entire model line. Besides safety, the brand’s performance also excels — it placed third overall in the 2018 Pike’s Peak International Hill Climb, an annual extreme mountain road race in Colorado, known as “the race to the clouds.”

If you’re thinking of purchasing or leasing a new or pre-owned Acura for your own adventures, you might be wondering what the manufacturer offers in the way of financing. Like many manufacturer financing companies, Acura offers substantial deals for well-qualified borrowers. Most likely, you won’t be able to find 0% APR financing through any lender other than a manufacturer. The key word, however, is “well-qualified.”

We’ll go over the types of financing deals Acura offers, including its rebates, incentives and leasing options, plus alternative sources of financing if you decide to look elsewhere.

Acura financing in a nutshell

Acura Financial Services (AFS) offers financing and leasing on new and certified pre-owned Acuras, supercar models to sedans. It ranked No. 3 on JD Power’s U.S. Consumer Financing Satisfaction Study for the luxury market. The Better Business Bureau rates it with a “B” and rates its parent corporation, America Honda Finance Corp., with an “A+.”

Acura doesn’t define “well-qualified buyers” beyond saying you shouldn’t have bad marks on your credit history, but Honda generally requires a 610 credit score for customers to qualify for financing and at least a 710 credit score for customers to qualify for the special financing offers.

If you’re unsure what your credit score is, you can check your credit score for free here and, if it’s not the best, read about how to get an auto loan with poor credit.

How to apply for financing through Acura

Acura Financial Services generally requires three things:

  1. No adverse credit history.
  2. Proof of current employment or a commitment offer with a start date no more than 120 days from the day you buy the vehicle.
  3. Adequate monthly income to cover your obligations, living expenses and vehicle payment.

Acura Financial Services does offer preapprovals. To apply, you’ll need your Social Security number, checking and savings account numbers, employment information, down payment amount and which model vehicle you want.

Financing terms go up to 84 months, although most special financing offers only go up to 60 months (and taking out an 84-month auto loan isn’t recommended).

Balloon financing is also available through the Acura Leadership Purchase Plan. In a balloon loan, there are two phases. The first phase is 24 to 48 months and consists of small monthly payments, much like a lease. The second phase is when the buyer has to make a decision: You could either buy the vehicle for the remaining amount the vehicle is worth in one lump sum, finance that amount in a traditional auto loan or return the vehicle to Acura.

Acura rebates and incentives

Acura rebates and incentives apply to certified pre-owned vehicles, not just new vehicles. They may change often however, depending on vehicle location, time of year and vehicle model. Make sure you check that the rebate you may qualify for applies to the vehicle you want.

  • Military– This $750 discount may count toward a new or a pre-owned Acura. Active-duty service members, active Reserve, veterans within one year of separation from service, retirees with sufficient service and their spouses may be able to qualify.
  • College Graduate– Those who graduated within the last two years or will graduate within the next six months with an associate, bachelor’s or master’s degree from a U.S.-accredited college or registered nursing school may be eligible. This is available on select Acura certified pre-owned vehicles in addition to new cars. To get this $500 offer, you must lease or finance with Acura and you may not be able to combine it with other programs.
  • Special Financing– Low-APR financing may be available to you on certain models. The number of months in the loan is important as the rate may go up as the term increases. For example, on the same vehicle you might be able to get 0.9% for 24 to 36 months or 1.9% for 37 to 60 months.
  • Loyalty/Conquest– If you own an Acura that is no more than nine model years old and you’re looking to lease or finance a new Acura, you could qualify for a loyalty reward. If you own an Audi or Lexus no more than nine model years old, you could qualify for a conquest reward.

This list may not be all-inclusive of the types of incentives Acura offers in your area nor all of the requirements that must be met in order to qualify. See the Acura website or an Acura dealership for more information.

If you know how much the car you’d like will cost with or without a rebate, you can see how much your monthly payment may be with LendingTree’s auto loan calculator.

Leasing from Acura

  • Terms range from 24 to 60 months.
  • Standard options for annual miles are 7,500, 10,000, 12,000 and 15,000.
  • Certified pre-owned Acuras are available to lease

If that new-car smell smell is worth getting a new car every few years, leasing is usually easier on your wallet than buying, trading it in and buying again. Leasing could also help you get into a car you otherwise couldn’t afford to buy.

Leasing downsides may include strict credit requirements and limits on mileage and wear. If you go over the mileage limit, there’s usually a  penalty charge, the rate of which could range from 15 to 20 cents for each mile over the limit, depending on if the car’s value. If you are concerned about overages, you could purchase an Excess Wear and Use Waiver policy ahead of time.

Acura offers three lease programs:

  • Traditional. This standard option allows a leasee to use a specific vehicle for a set amount of time and miles.
  • One-Pay Leasing. This is when a leasee gives a single payment for the entire amount of the lease when they sign the contract. This payment can still be quite large. Depending on the car, it may be 30% to 50% of the vehicle’s price, plus taxes and licensing.
  • Acura Luxury Lease. This offers flexibility to drive over or under your expected mileage by a large margin. If you do drive fewer miles, those “leftover” miles could be rolled over to your next Acura lease.

You can check out this guide on whether to lease or buy if you’re unsure which is best for you.

If you’re at the end of your current lease, be sure to check out any available promotions as there are often loyalty and conquest programs for lessees. For information on what to do when your lease is over, you could read this guide on how a lease buyout works.

Alternatives to Acura financing

Before you head to the dealership, hedge your bets. Armed with a loan offer in your back pocket, you have something to fall back on if the dealership offers come in with high APRs or if you don’t qualify for manufacturer financing.

To know what you qualify for, apply for financing online (through Acura or an online lender), or at your bank or credit union. And don’t apply to just one place. It doesn’t hurt your credit to apply to multiple lenders within a 14-day window any more than it does to apply to one lender. This way, you’ll have a few choices. You could end up choosing the one with the lowest monthly payment or the one that costs you the least over time. On LendingTree, you could get up to five auto loan offers from lenders by filling out one form. Shop around for your loan like you would for your car to make sure you’re not paying more than you have to.

More about Acura

The name Acura is derived from the word “accurate,” referring to the precision of the craftsmanship it puts into all of its cars. As a part of Honda, Acura receives the benefit of the Japanese carmaker’s expertise in making engines for everything from lawn mowers to personal jets. This expertise shines the most in its “supercar” — a street-legal race car. Acura’s NSX Supercar beat the Ferrari in racetrack and road tests, but that doesn’t mean you should pull a move from “The Fast and The Furious” the next time you take your Acura to the movies.

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