2024 Acura Financing Deals
 | Starting APR 0.99% | Loan terms 24-60 months |
If you’re eyeing an Acura, take a look at Acura Financial Services (AFS), which offers attractive loan and lease options. It frequently offers deals on its luxury vehicles, but don’t be surprised if the website for Acura Financial Services leads you to Honda Financial Services. Acura and Honda are sister companies.
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Acura financing options
Buying an Acura
Acura deals are dependent on location, credit score and vehicle. For new and certified pre-owned (CPO) vehicles, Acura regularly features low-APR deals, such as 2.9% APR for up to 60 months for new models and 0.99% for up to 36 months for CPO models.
While AFS doesn’t define what it considers to be a “well-qualified buyer,” lenders are generally looking for borrowers with a high credit score, no adverse credit history, proof of current employment and a low debt-to-income ratio.
Auto loan preapproval is an easy process, with a turnaround in 24 hours in many cases. However, all deals are finalized at the local dealership. Getting preapproved is an important step of the car-buying process because you’ll know the rates and loan terms you qualify for before setting foot in a dealership. With a preapproval in hand, you may be able to get a better offer from a competing lender who wants to earn your business.
Leasing an Acura
Leasing an Acura could help you get into the driver’s seat of a new, luxury vehicle while keeping your monthly payment down. Part of your payment depends on how many miles you drive. Acura leasing offers several annual mileage choices:
- 7,500
- 10,000
- 12,000
- 15,000
The fee for going over the set mileage depends on the car’s MSRP. There’s a 15-cent-per-mile penalty for a vehicle with an MSRP under $30,000 and a 20-cent-per-mile penalty for an MSRP over $30,000.
You could lease for 24 to 60 months (two to five years), but the most common term is 36 months (three years). Both new and used Acuras are available for lease and the automaker offers handsome rewards for leasing loyalty, such as mileage forgiveness. Read more here about how leases work.
Acura financing pros and cons
Before you sign and drive off into the sunset, check out the pros and cons of Acura financing.
| Pros | Cons |
|---|---|
Numerous model options. You could finance any new, used or CPO Acura. Fast preapproval. Get a loan or lease offer before you get to the dealership. Low APRs available. Great financing deals are on new and CPO models. | Limited loan terms. AFS only offers terms up to 60 months – the most common car loan term in the U.S. is 72 months. Dealership visit required. All loans and leases must be finalized at local dealerships. Offers change frequently. Like other automakers, Acura changes its rebates and financing offers every 30 days. |
A closer look at Acura financing
Acura has numerous featured offers at any given time, so it’s important to know when deals are expiring to make the most of your buying experience. In addition to their featured offers for buyers, there are additional special programs that you might be eligible for:
Military appreciation
$750 off select models for active-duty members of the military and their spouses, military veterans and retirees within two years of separation from active service and Gold Star family members. This offer applies to both AFS financing and leasing.
Graduate offer
$500 off select models for car buyers who have graduated college within the past two years or students set to graduate in the next six months with a master’s, bachelor’s or associate’s degree from an accredited institution. To be eligible, you must provide a copy of your diploma or college transcripts.
Loyalty appreciation
$1,000 off select models for current owners of an Acura that’s within 10 model years. You must provide proof of ownership to qualify, but no trade-in is required.
Lease loyalty rewards
Lessees who return to Acura to lease their next vehicle may be eligible for a long list of loyalty rewards, including mile overage forgiveness (up to 7,500 miles), rollover miles on your next lease, a waiver for up to $750 on excessive wear and tear, a waiver for their turn in fee and more.
Acura Mobility Program
Qualifying Acura owners and lessees with physical disabilities may be eligible for up to $1,000 in reimbursement for the installation of aftermarket adaptive equipment.
How to apply for financing through Acura
The process of applying for preapproval with Acura has a fast turnaround. Here is what you will need to for your credit application to be processed in a quick fashion:
- Personal information: Employment information and Social Security numbers for each applicant.
- Vehicle information: Product model you are looking for and down payment amount, if known.
AFS is an indirect lender, so even with preapproval, final numbers and payments must be completed at a local dealership.
How Acura financing compares
Just as with Acura Financial Services, other car companies have similar financing offers that can differ based on location. See the comparison below for vehicle financing deals in the Charlotte, N.C., area.
| Acura | Toyota | Volvo | |
|---|---|---|---|
| Starting APR | 0.99% | 0.00% | 4.99% |
| Terms | 24-60 months | 24-72 months | Up to 85 months |
| Amount | Varies by location | Varies by location | Varies by location |
| Minimum credit score | Not disclosed | 610 | Not disclosed |
Frequently asked questions
Acura rarely features an offer with 0% APR, but it does happen and they frequently have low-APR deals. Their current offers are available on their website and at local dealerships.
The preapproval process is meant to be quick and easy. After submitting the application online, you could get an answer in as little as 30 seconds. If that cannot be done, the application is sent to a credit analyst for a decision in usually one day’s time. Potential buyers, however, may also go through a local dealership to submit an initial application or to challenge a rejected credit application in person.
No, they are not the same. They are similar, however, as they are the financing arms for their particular car brands.
It does not offer refinancing. It strictly finances loans and leases for their vehicles.