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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"What Are the Benefits of Leasing a New Subaru?" We Have Answers Here at Mitchell Subaru

If you've been looking for a new Subaru-whether that's a Subaru Outback, Subaru Forester, Subaru WRX, or other popular Subaru model-you may be wondering about lease options. Luckily, at Mitchell Subaru, we can help with that as well as your new car needs.

There are a lot of benefits to leasing a new Subaru. Drivers from the Canton, CT, area frequently tell us how glad they are that they chose to lease rather than buy their new vehicle. Why? Let's look at some of the greatest benefits that drivers receive when they lease a new Subaru.

Leasing a New Subaru

When you lease, rather than buy, a new Subaru you're able to pay less of a down payment. Free up that money to use for your next travel adventure, for new camping equipment or for your student loans. Leasing a new Subaru also means that most if not all of your vehicle's repair needs are fully covered during your lease period. That offers a great amount of peace of mind, doesn't it? Also, when you lease a new Subaru, you often have a lower monthly payment. Again, it's nice to have extra money in your pocket and we're sure you'll find something useful to do with it.

When You're Ready to Begin the Lease Process

When you're ready to start the auto leasing process, come in and see us here at Mitchell Subaru. We're proud to offer competitive finance rates. We're able to do this because we work with a number of different lenders. Stop in soon to chat with our finance gurus who will tell you more about all of your leasing options.

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