Should I Lease Or Finance My New Subaru?

Getting the keys to your new Subaru is very exciting! But before you can plan your first adventure in your new Subaru you have to decide whether you are going to lease or financing your Outback, Crosstrek or Legacy. Ultimate Subaru wants to help Fredericksburg, VA drivers easily decide which financing option is best for them by highlighting the pros and cons of each.

Leasing A New Subaru:

How do lower monthly payments and lower maintenance costs sound? Pretty good right! These are two of the best reasons for Stafford, VA drivers to lease a new Subaru. You can also get behind the wheel of a more expensive model than if you were to buy it outright. Another benefit to leasing a Subaru is that you will easily be able to get into a new Subaru every couple of years. However, there are some downsides to leasing a Subaru that you should consider. When you lease a Subaru you are only allowed to drive a set number of miles in a year, you can not make any special modifications, may possibly have higher insurance rates, must have a good credit score, and it is difficult to get out of your lease early.

Buying A New Subaru:

Buying a new Subaru is a great option for those drivers who can't be held to an allotted number of miles per year and are looking to go for 200,000-miles of adventure. While buying a new Subaru will have higher monthly payments than leasing, you won't have monthly payments once your Subaru is paid off and it is a great feeling to not have monthly payments. Another plus that comes with owning your own Subaru is you can make any special modifications you want since you don’t have to return the vehicle to the dealership. You also have more flexibility when it comes to upgrading your ride. The biggest downside to buying is higher monthly payments and you will be responsible for all maintenance costs.

If you have any questions about auto financing please reach out to our financing team by emailing us, calling us or swinging by the dealership. We are here to help you get approved for credit as easily as possible and save money while doing so.

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