Buying vs. Leasing: Which is Right for You?
Here at Wagner Subaru, we know that people have diverse tastes in which kind of new Subaru vehicle they decide on, and they have different ways for wanting to finance it. When it comes to buying or leasing, people often wonder which one is good for them, and truthfully it depends. But, for drivers in Fairborn, OH and the greater Dayton area, we want to help you decide, which is why we've put together a buying versus leasing page for you, top help you determine which car financing route you want to use.
Buying a new Subaru
- When you decide to buy, you either pay the full price, but most people do a down payment. You also have to pay taxes, lender charges, insurance, a security deposit, and first monthly payment.
- When you buy a new Subaru, your monthly payments may be higher, but that is because you pay taxes and fees on it. At the end of the loan or when the vehicle is paid off, your Subaru is all yours!
- You can put as many miles as you want on a Subaru you've bought, because you are on the path to owning it completely. This is good for people who want to go on long trips, or have daily commutes that add up in miles.
- Any wear and tear on the Subaru is covered by your warranty, for as long as that warranty is valid, and it's up to you to repair it, though we always recommend that!
Leasing a new Subaru
- When you lease, you pay a monthly payment, and at the end of the lease terms you have the option to enter a new lease, return the vehicle you are leasing, or buy the vehicle you have been leasing.
- When you choose to buy out your lease, you pay a percentage of the vehicle's residual value.
- At the start of the lease you pay for the first month, insurance, security deposit, and government or lessor charge.
- With leases you have a mileage restriction, if you go over that set amount of miles, there will be additional charges and it can increase your monthly payment.
- You should always keep maintenance regular with a leased vehicle because any damage you have to repair, so be sure to visit our Subaru service center.
If you have any other additional questions, contact us here at Wagner Subaru and we'd be happy to answer them for you.