You’ve decided it’s time to get a new car, and you’ve also decided which one you want — a Subaru. Now the question is whether to buy it or lease it.
Before you step into any dealership, it’s important that you weigh both the pros and cons of buying vs. leasing a Subaru so you can make an informed decision that is best for your needs and budget. Keep reading to find out more about both options.
Subaru Leasing vs. Buying Breakdown
Buying a Subaru means it is officially yours to own while leasing a Subaru is more similar to a rental. Read our breakdown below to learn more about the aspects of both options.
Leasing a Subaru means that you are permitted to use it as your vehicle throughout a determined time period. At the end of that period, you can either finance or buy it, or you can return the lease, pay any additional leasing costs, and then walk away with no other commitments. Lease payments are also typically lower than loan payments from buying a car because you’re only paying for the vehicle’s depreciation throughout the lease term. This can end up saving you money down the road.
While this option may be good for people who only need a vehicle temporarily, it’s important to understand that leasing means you have no equity in the car. You also have to follow certain parameters to ensure you’re abiding by your lease’s terms. For example, many leases state that you cannot exceed a certain mileage, oftentimes between 12,000 to 15,000 miles a year. Any overages can cost you in additional charges, so it is wise to consider your driving habits prior to leasing a Subaru.
One of the major perks of buying a car is that it is officially yours, which means that you have total control. You can drive as many miles as you want, add or remove certain features, trade in or sell at any time, and much more. However, you must also consider that, when you decide to sell or trade in your vehicle, the value will have gone down significantly. Excessive mileage, major wear and tear, and cosmetic changes to a vehicle can depreciate its value, which can cost you in the future.
Subaru Leasing and Buying Options in Longmont, CO
Once you’ve decided to lease or buy your next Subaru, the next step is finding a dependable dealership. Valley Subaru of Longmont, CO, has a wide variety of new Subaru cars for sale, so you have plenty of options at your disposal. Contact us today to learn more about what new Subaru specials are available. We can’t wait to get you into your new car.