Finance Your New or Used Subaru at Puente Hills Subaru

Most City of Industry drivers consider financing a vehicle so they can afford a new or used car. While some drivers pay cash for a new or used vehicle, most of the customers at Puente Hills Subaru trust us for their automotive financing needs. We provide various finance options to our clients in the Los Angeles area, and we make it easy for you to take home the new Subaru of your dreams.

Consider Your Budget

While financing a Subaru makes a great option, you still need to know what you can afford. Take an honest look at your budget before you make any kind of choice. You want to find a plan that provides you with a reliable vehicle, but you also need to comfortably afford that automobile.

Secure Your Down Payment

After taking a look at your budget, figure out what you can afford for a down payment. The more money you can put down, the better. A large down payment will lower your monthly payments, and you can use those savings for your Fullerton commutes.

Choose a Loan Term

We encourage our customers to consider how long they need to take to pay off their vehicle. You may choose to take only two years to pay off your loan. Other people require five-year loan terms to pay off the loan. What works for you may not work for other drivers in West Covina, CA, and we work with all drivers to find satisfactory loan terms.

If you have any questions regarding financing your new Subaru, you can reach out to our finance department at your convenience. We have various tools available on our website if you'd like to figure out your loan from home. You can also apply for financing securely from the comfort of your home computer. We look forward to you stopping by Puente Hills Subaru.


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Hours

  • Monday 9:00am - 9:00pm
  • Tuesday 9:00am - 9:00pm
  • Wednesday 9:00am - 9:00pm
  • Thursday 9:00am - 9:00pm
  • Friday 9:00am - 9:00pm
  • Saturday 9:00am - 9:00pm
  • Sunday 10:00am - 8:00pm


What Should I do? Lease or Loan?

When it comes to getting behind the wheel of a new or used car there are financing options that are available that offer different benefits. You can choose to buy a car with a loan or get the car with a lease. There is not a clear-cut answer in which financing option is better, it depends on your personal finance situation and what you want from your car. It is important, that when you're shopping for a car to know the differences, pros and cons, and values of leasing and buying.

When you choose to purchase a car, whether it's new or used, you likely look to finance the car with a loan. A loan is money that is given to you for financing your car purchase from a financing institution. Throughout your ownership of the vehicle you will pay monthly payments towards the value of the loan. After you have finished repaying the loan you own the vehicle and it is now an asset that you can do whatever you'd like with.

If you are looking for lower monthly payments and to upgrade to a newer vehicle frequently you might be more suited for a leasing agreement. When you choose to lease, you sign into an agreement with a dealership to pay a certain monthly amount for the vehicle. Lease agreements range in length and can offer you the ability to drive a vehicle that may fallout of your price range if you purchased it new.

Buying vs. Leasing


Buying Pros

  • You can modify your vehicle as you please.
  • You can save money over the long-term ownership of the vehicle.
  • You have the flexibility to sell the vehicle whenever you'd like.
  • You can use your vehicle's trade-in value towards your next vehicle.

Buying Cons

  • You pay a higher down payment to avoid being upside down on the loan.
  • You will have higher monthly payments.
  • You'll be responsible for repair costs after the warranty expires.
  • You'll have more money invested in a car, which depreciates in value.

Leasing Pros

  • You have lower monthly payments with a minimal down payment.
  • You can drive more car for your money.
  • Decreased repair expenses because you're under factory warranty.
  • Easily transition to a new vehicle every two to three years.
  • Pay less in sales tax.

Leasing Cons

  • You don't own the vehicle at the end of the lease, although you may have the option to buy it.
  • You have a yearly mileage cap.
  • You'll end up paying more over time for a leased car than if you bought a car and kept it for years.
  • You can be faced with excessive wear-and-tear expenses.
  • Termination of a lease can be costly.


Overall the decision between signing a lease or getting a loan needs to be made in accordance to your specific financial situation. Our finance experts will gladly help you through the process so that you are educated and can make a well-informed decision on what financing option is right for you. So, if you're looking for a car loan or lease in the Los Angeles area, our finance team at Puente Hills Subaru will be glad to assist you over the phone or in person at our dealership. You can also use our financing contact form to get in touch or our online finance application. We look forward to assisting you in any way possible throughout your car shopping experience.