You found the perfect Subaru and it has all the features you want, the color is what your looking for
and the price is great. Now you have to decide if you want to lease or finance. This page will help
you make a decision based on your lifestyle and preferences.
and the price is great. Now you have to decide if you want to lease or finance. This page will help
you make a decision based on your lifestyle and preferences.
Why you should Lease Why you should Finance
New car more often with the latest technology and safety You keep your vehicle for 5 -10 years
Less cash up front Make changes to the cars appearance
Lower monthly payment Pride of ownership
Guaranteed future value No restrictions on mileage
Tax advantages for business use Build up some trade-in value
Under warranty After your loan is paid in full, generally
60-72 months, you are payment free for
Easy Turnover a while often without a penalty
60-72 months, you are payment free for
Easy Turnover a while often without a penalty
You contract to use the vehicle for the best part of its life Lifestyle changes in the future
Drive an average number of mile per year Competitive rates and terms designed to
meet your needs
You are responsible for any maintenance
or repairs necessary on the vehicle
Questions you should ask yourself
1. How often do you want a new car?
If you like new vehicle every 2-3 years leasing is your best best. You will have a lower monthly and down payment.
If you want to keep your car for more than 5-7 years buying could save you money.
If you want to keep your car for more than 5-7 years buying could save you money.
2. How much do you drive?
If you put on between 8,000-20,000 miles a year leasing is for you.
If you drive a lot less or a lot more you should finance. You get to decide how many miles you put on your vehicle.
3. Will it be a company vehicle?
If you use your vehicle for business you can deduct a portion for taxes when leasing.
4. Do you worry about your resale value?
If you drive your vehicle hard or if you keep it like new you may want to buy.
With leasing you have a set trade in value, but when you finance it is up to you for any up keep and how
that will affect your trade-in value.
3. Will it be a company vehicle?
If you use your vehicle for business you can deduct a portion for taxes when leasing.
4. Do you worry about your resale value?
If you drive your vehicle hard or if you keep it like new you may want to buy.
With leasing you have a set trade in value, but when you finance it is up to you for any up keep and how
that will affect your trade-in value.
