Subaru Lease vs. A Traditional Subaru Loan - Greeley Subaru Explains

Deciding whether to lease your new Subaru or go the more traditional route of obtaining a car loan can be both a personal and business decision. While there is no one path to car ownership that is right for every Colorado driver, there are some questions you can consider to figure out the best option for you. The experts in our auto finance team answer this question for folks in Greeley on a daily basis.

Before You Lease or Buy a Subaru in Greeley: Questions to Ask

How Long Do You Plan to Keep Your Car?

This matters because the outcome of leasing or loaning are different. At the end of a traditional car loan, you own the car. This has positives and negatives attached. On the plus side, it's yours and there are no more monthly payments. On the negative side, it's yours! No matter how many miles you have put on it or how much service it needs. 

What Other Benefits Does Leasing Offer?

When you lease you only pay for a part of the cost of any vehicle. This means you can avoid making a significant down payment and certain bank fees associated with a car loan. For a Subaru lease, that is not the case. Your first payment is for your first month of use.

What Other Benefits Does a Car Loan Offer?

You build equity based on your ownership of the vehicle.

Is there a requirement to return the car when the lease is over?

No. You have an option to purchase your car based on its Guaranteed Future Value when the lease ends.

What if you know that you want to own this car?

Then financing it over the longer term by taking out an auto loan probably makes more sense.

What if you prefer to trade in your vehicle every few years?

Typically leasing makes more sense in this situation. Since cars depreciate in value, you will end up with lower monthly payments for the time you do keep it.

What if you aren't sure whether to lease or finance my new Subaru?

The bottom line is that leasing offers lower monthly payments, typically fewer maintenance issues, but no equity. Buying offers higher monthly payments, increasing maintenance obligations as the car ages, but offers equity.

Why Lease at Greeley Subaru?

If you do decide to lease your new Outback or Forester, there are many good reasons to do so here at Greeley Subaru. While Subaru offers a good many special financing programs we are happy to discuss, Greeley Subaru provides those in a local context. Based on our relationship with the respected Weld County Garage, you know we are people you can trust. So bring us your buying versus leasing questions from nearby cities like Windsor, Johnstown, Milliken and Northern Colorado today. Apply today and allow us to assist you best!