Buying or Leasing a New Subaru: Which Option Is Right for You?

When you’ve chosen the Subaru you want, your next choice is whether you want to buy or lease it. There is no wrong answer, as your choice depends on several different factors. As your Los Angeles area Subaru dealer, we’d like to tell you more about your choice to buy or lease a car.

 

Advice From Your Subaru Dealer: Should You Buy or Lease a Car?

Buy a Subaru

When you buy a Subaru, you become the owner of the vehicle until you choose to sell it. You’ll need to pay for the car either in cash or a combination of cash and a loan. These are some of the things to consider about buying a car:

It’s Yours

The Subaru is now yours. As the owner, you can customize it exactly as you wish. It will remain yours until you choose to sell it, trade it in, donate it, or gift it to someone. As the owner, you’ll receive the car title to register it.

You Have Unlimited Mileage

Since you own the Subaru, you can drive it as much and as often as you want. High mileage will unfortunately increase wear and tear on various components like the tires, brakes, and other systems.

You’ll Need To Pay Tax

As the owner of a car, you’re responsible for ensuring that your car tax and registration are paid.

It Depreciates

All cars depreciate, and if you own it, the depreciation is your headache to deal with. Your car may be in great condition, but an older car will always command a lower value if you want to sell it or trade it in.

You Pay for Repairs

As you own a car, you’re responsible for paying for its repairs and maintenance, unless something is covered by warranty or you have a maintenance agreement as part of the purchase. At Subaru, we want to decrease your costs and offer extended warranty protection that you can take out to reduce these costs.

Lease a Subaru

When you lease a Subaru, you sign a contract to lease it for three to five years. You’ll pay a lower monthly installment for leasing than you will to re-pay a car loan. These are some of the other things to consider about a lease:

You Can Change It

If you enjoy driving different cars, a lease is a good option. Once the lease has expired, you can extend it or take out a lease on a different model.

You Don’t Pay for Repairs

The cost of repairs and maintenance is covered by your lease agreement.

You Have Restricted Mileage

A lease agreement specifies how many miles you can drive in a year or over the lease term.

You Can’t Modify It

Since the car is leased, you can’t modify or change it in any way. You can, however, change it to a new model when the term is complete.

If you’d like to know more bout these options, come and see us today at Puente Hills Subaru.

Posted in Southern California Subaru Dealership | No Comments »