You will find an assortment of Subaru models at Garcia Subaru North to fit your needs. Sometimes, you need one in a hurry, which is why we offer our Albuquerque customers financing options. Before you lease or buy, you are welcome to take one for a test drive at our dealership near Placitas.
Leasing
Leasing is essentially renting a Subaru from a dealer for a specified period, commonly based on 12-month increments. You may find that leasing terms range from 12 to 60 months, though a dealer may offer shorter or longer contracts. Factors that usually determine how much you pay include expected depreciation, mileage, acquisition fees, credit score, and vehicle make.
If you don't travel out of town often and work locally, leasing a Subaru could save you money. A Subaru lease costs less than financing, which means you can obtain a new model every few years without the commitment to buy. When you lease, you don't have the concerns of selling and depreciation, and you hand the keys back to the dealer.
Financing
Financing is borrowing the cash from a lender and gradually paying it back over time, usually paying monthly. Criteria that may influence what you pay include down payments, interest, credit score, and required insurance for the loan duration. Most financing contracts usually span over 24 to 84 months, though the average financing contract is from 36 to 60 months.
If you prefer to own a Subaru at the end of the loan term without limits, it may be the ideal choice. When you finish paying off the loan, you finish making payments, so you can save that money for other things. Since you are the owner of the vehicle, you may sell it, add features you want, or trade it for another model.
Are you eager to lease or buy a new Subaru vehicle? Please visit our Subaru dealership near Rio Rancho to learn more about our financing specials.