Buying Vs Leasing

Should you Lease or Buy your New Subaru?
Find the best option for you at Great Falls Subaru

Ask most people and they'll probably tell you that car buying is the way to go. And from a financial perspective, it's true, provided you're willing to make higher monthly payments, pay off the loan in full and keep the car for a few years. Leasing, on the other hand, can be a less expensive option on a month-to-month basis. It's also good if you're someone who likes to drive a new car every three or four years.

Explore Our Lease and Finance Options at Great Falls Subaru

One of the first decisions you will have to make when looking for a payment plan for your next car is whether to lease or finance. We understand auto financing can be a highly stressful experience. Luckily, our finance team serves Great Falls and beyond by helping drivers choose the best payment plan for their budgets and lifestyles and finding affordable rates.

Buy vs. Lease: Which is Best for You?

Both financing and leasing offer unique benefits, so the best option for you is the one that matches your unique lifestyle and budget. Explore some of the benefits of each payment type to help you decide.

Benefits of Financing

• You can use the car as a trade-in on the next car you buy.
• You'll save money over the long term if you buy a car, and you can eventually pay off your loan and have zero monthly payments to worry about.
• You can modify your car as you please.
• You can drive as much as you like. There's no excess mileage penalty.

Drawbacks of Financing

• Your monthly car payments are higher than lease payments.
• You must pay a higher down payment to avoid being upside down in the loan (owing more than the car is worth).
• You face possible trade-in or selling hassles when you decide to get your next car.
• You'll have more of your cash tied up in a car, which depreciates in value.
• You're responsible for repair costs once the warranty expires.

Benefits of Leasing

Subaru Motors Finance Lease Benefits

• There is NO security deposit required.
• A $300 disposition fee is waived if you purchase or lease another Subaru.
• Subaru offers lessors a loyalty bonus equal to the first month of your next lease free (up to $500).
• Subaru offers a $1,000 "wear and tear" allowance when you turn your car in. This covers typical scratches, dings, and minor deferred maintenance items.

General Lease Benefits

• You have lower repair costs because you are under the vehicle's included factory warranty.
• You can more easily transition to a new car every two or three years.
• You can drive a better car for less money.
• You pay less sales tax.
• You don't have trade-in hassles at the end of the lease.
• You have lower monthly payments with a low or no - down payment.

Drawbacks of Leasing

• Your mileage is limited based on the lease terms and contract - if you go over the mileage you will most likely have to pay for it.
• You don't own the car at the end of the lease (although there is always the option to buy).
• You may find it costly to terminate a lease early if your driving needs to change.
• You may find lease contracts confusing and filled with unfamiliar terminology.

Discover Affordable Finance with Us

If you want to start exploring your options and find affordable rates, contact our finance center. We serve Great Falls and Black Eagle, Malmstrom AFB, Ulm, Vaughn, Belt, Cascade, and beyond by offering a streamlined shopping experience.