Finding the Best Option For You: Leasing vs. Buying

One of the questions our financing team often hears pertains to leasing or taking out an auto loan. Which is better? Which best suits your wallet, and your needs?

There are a variety of reasons that could cause you to lean one way or another. Depending on your personal preferences, either option could be a good fit. So what are the differences between these two options?

So What Is the Difference?

Benefits of Buying

Benefits of Leasing

Pay to own your new car, not just to use it for a few years. After your final payment is made, you can drive your Subaru for years to come. It's all yours. Drive an unlimited number of miles- especially important if you typically drive more than 12,000 to 15,000 miles per year. Modify or repaint the car, or install custom equipment, as you see fit. Enjoy the full benefit of your car's trade-in or resale value.

Potentially pay less per month. Monthly lease payments are usually lower than monthly loan payments for the same term, because your monthly payment includes the vehicle's expected depreciation only during the lease term. Enjoy driving a new car more frequently. Have options at the end of your lease - including leasing another new Subaru or buying the one you've grown to love. If you decide to buy the car at lease-end, you will get a no-hassle preset purchase price. Minimize repair costs. Many people lease for the length of time the manufacturer's warranty is in effect. That way, most repairs are typically covered.

The main difference to keep in mind, when it comes to financing and leasing, is that leasing allows you to use the vehicle, while paying a monthly fee, and financing helps you towards owning the vehicle.

When you lease a vehicle, it is like renting an apartment - you pay for the opportunity to drive the car. When you finance a vehicle, it is like buying a house, insofar as you will, generally, take out an auto loan to cover the cost of the car. You would then pay down the loan in future months.

There is no objective way to say whether or not leasing or buying is better than the alternative option. However, you know your budget situation, and your own personal preferences, better than anyone else. That is why the choice is different for every person.

Depending on what you personally like or prefer, either option could be a good option for you. Whichever you prefer, our financing team would be more than happy to discuss it with you.

Want to Discuss Payment Options More?

If you would like to learn more specific information about your payment options, we invite you to visit us at Garcia Subaru North in Albuquerque, NM. Our financing team would be more than happy to sit down with you, crunch the numbers, and further discuss these options.

Additionally, if you would like to see which Subaru models we have in stock, we would be more than happy to show you our new inventory.

New Subaru Inventory | Pre-Owned Subaru Inventory | Finance Center

Subaru Forester	Subaru Outback	Subaru Crosstrek
Subaru Impreza	Subaru Legacy	Subaru WRX
	Subaru BRZ