Subaru

Mitchell Subaru

71 Albany Turnpike
Directions Canton, CT 06019

  • Sales: 860-693-7723
  • Service: 860-693-7729
  • Parts: 860-693-7731

America's First Subaru Dealership.

Info

Should I Buy or Lease My Subaru?

Leasing

You do not own the vehicle. You get to use it but must return it at the end of the lease unless you choose to buy it.

Buying

You own the vehicle and get to keep it at the end of the financing term.


Leasing

Up-front costs may include the first month's payment, a refundable security deposit, a capitalized cost reduction, taxes, registration and other fees, and other charges.

Buying

Up-front costs include the cash price or a down payment, taxes, registration and other fees, and other charges.

Leasing

Monthly lease payments are usually lower than monthly loan payments, because you're paying only for the vehicle's depreciation, plus rent charges, taxes, and fees.

Buying

Monthly loan payments are usually higher than monthly lease payments because you're paying for the entire purchase price of the vehicle.


Leasing

You are responsible for any early termination charges if you end the lease early.

Buying

You are responsible for any pay-off amount if you end the loan early.

Leasing

You may decide to return the vehicle at lease-end, pay any end-of-lease costs, and "walk away."

Buying

You may have to sell or trade the vehicle when you decide you want a different vehicle.


Leasing

The lessor has the risk of the future market value of the vehicle.

Buying

You have the risk of the vehicle's market value when you trade or sell it.

Leasing

Most leases limit the miles you may drive. You can negotiate a higher mileage limit for a higher monthly payment. You'll likely have to pay charges for exceeding those limits if you return the vehicle.

Buying

You may drive as many miles as you want, but higher mileage will lower the vehicle's trade-in or resale value.


Leasing

Most leases limit wear to the vehicle during the lease term. You will likely have to pay extra charges for exceeding those limits if you return the vehicle.

Buying

There are no limits or charges for excessive wear to the vehicle, but excessive wear will lower the vehicle's trade-in or resale value.

Leasing

At the end of the lease (typically 2-4 years), you may have a new payment either to finance the purchase of the existing vehicle or to lease another vehicle.

Buying

At the end of the loan term (typically 4-6 years), you have no further loan payments.


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Here at Mitchell Subaru, we want you to be as certain about the way you purchase your new Subaru as you are about the car itself. Car shopping can be one of the most stressful experiences a consumer faces -- without the right support. We're committed to being that support for you, whether you decide it's best to lease a Subaru, or buy one.

Knowledge is power, and just like all stages of the car shopping process, we want you to be as educated, informed, and comfortable with the details as you can be. Ask us anything, and keep the questions coming! That way, once you have all the answers you need, you can focus on what matters most -- falling in love with your new Subaru.