To Buy or to Lease: That is the
Question!
If you're in the market for a new daily driver, you
know that you have a lot of decisions that you have to make. Not only do you
have to decide on the make, model, and trim, but you also have to decide how you want to finance your new car. Here at
Suburban Subaru we are here to help! We have put together a
quick comparison of buying versus leasing to help you determine which financial
route to take when you're considering your next new Subaru vehicle. While both
options are excellent, we encourage our customers to explore them to
decide which is best for your family.
Buying a New Subaru
- One of the best parts of buying a new
Subaru is knowing that, at the end of your payments, you will own your Subaru.
This means you can put as many miles as you would like to on it, which is good
for folks who like family vacations or long commutes.
- While new Subaru vehicles are covered by a warranty, it only lasts
for so long. With this warranty you can take care of major and minor repairs,
maintenance, and more.
- Monthly payments may be higher because of taxes and fees-but that
means ownership later on!
- With a loan, people often put down a down payment. Other finances
also include taxes, lender charges, insurance, a security deposit, and first
monthly payment.
Leasing a New Subaru
- As opposed to ownership, leasing a new
Subaru means that you are essentially renting your vehicle. Monthly payments
are lower because of this, and you have the option of turning your vehicle in
for a new one at the end of your contract, or buying the vehicle you've grown
to love.
- When you lease a vehicle, you generally have to keep an eye on your
mileage restrictions. Leasing typically allows drivers to travel between 12,000
to 15,000 miles per year.
- Enjoy a high quality Subaru vehicle with an extensive warranty. Most
repairs are typically covered for the duration of your lease while the warranty
is in effect.
- Leasing allows drivers to enjoy driving a new vehicle more
frequently. You can take on the newest trends with each trade in. We also offer a rewards program for qualified customers returning a leased vehicle with plans to lease a new model.
We at
Suburban Subaru believe each customer is different. That's why we take the time
to discuss your options so we can tailor your financial plan to your unique
needs. We encourage you to visit our Finance Center to learn more about what we
can do for you. If you have any questions please give us a call, contact us
online, or visit us in person to learn more. See you soon!
