Should you buy a new Subaru or get a Subaru lease?Monthly Payments
Find out the best option for you at Stohlman Subaru in Tysons.
payments are usually lower when you lease a Subaru. Why? When you lease
a Subaru, you only pay for the Subaru's depreciation, not the full
purchase amount of the car. Keep in mind that other payment components
are associated with leasing. These components include rental charges,
sales tax, use tax and other related fees.
payments are higher when you buy/finance a Subaru because you are
paying for the entire purchase of the vehicle plus taxes, fees, etc.
However; at the end of the loan term, you will own your Subaru.
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your lease term is up, you can return your Subaru or "walk away" from
your lease. The latter option does involve some end-of-lease costs.
After the end of the lease, your next steps are up to you. You can lease
another Subaru or buy.
When you are finished paying off your Subaru, you OWN it! The next step is up to you. You can sell your Subaru, look into the Subaru Guaranteed Trade-In Program or keep your Subaru for as long as you want!
the beginning of a lease you may pay cap cost reduction, government or
lessor charges, insurance, first monthly payment, security deposit, any
prior lease or credit balance.
the beginning of a loan term you may pay the full vehicle price or a
down payment. You will have to pay sales tax or other state taxes,
government or lender charges, insurance, first monthly payment, a
security deposit, prior vehicle loan balances, or a prior credit
total cost of leasing a vehicle is generally lower than financing. This
is due to lease savings on depreciation and gap coverage. However; it
is harder to build equity when you lease.
total costs for financing a vehicle are generally more than leasing.
However; at the end of the loan term you own your vehicle.
GAP coverage is usually included in lease agreements. If it is not, you can usually purchase it.
GAP Coverage is an option available that helps bridge the gap between what you owe on your vehicle and its worth at the time of an accident or theft.
Who owns it?
the lease term is up, you will have to return your lease, buy it or
sell it. If you wish to purchase your Subaru at the end of the lease,
you must do so at the end of the lease. While
the Subaru is leased, the title will be in the lessor's name. During
the lease term, it is your job to insure, maintain and register the
you are done with your loan, you get to keep your Subaru! You'll have
full ownership after your final payment. If you pay the full price in
cash, you automatically own your Subaru!
payments are based on a set number of miles. If you exceed the set
number of miles on your lease, you will have to pay charges for
additional miles. If you think that you will drive a considerable
amount, you may want to increase the miles on your lease. This will
increase your monthly payment.
loan won't restrict you on the number of miles you drive. However; the
more Subaru miles you have, the lower the value of your Subaru.
lease requirements restrict you from moving out-of-state with the
vehicle. If you are considering a future move, you may want to check
the terms of your lease closely!
you finance a vehicle, you aren't usually restricted from moving around
within the country, but you may be restricted from moving outside the
There is NOT a Federal law that requires a standard calculation and disclosure of a lease rate.
There is a Federal law that requires a standard calculation for disclosing Annual Percentage Rates (APR)
End of Lease/Loan
When your Subaru lease is up, you have the following options:
- Return the vehicle
- Trade or sell the vehicle
- Purchase the vehicle
- Arrange for a third party to purchase it
When you are done paying off your loan, you can trade-in your Subaru or you can keep it.
Wear and Tear
you lease a vehicle, you may have to pay for wear & tear charges when you
return the vehicle. Most leases also have specific maintenance
you finance a vehicle, you won't have to pay for wear & tear at the
end of your loan term. BUT, if your vehicle has excessive wear it will
lower the value of the vehicle and affect the trade-in or resale value.
For more information contact Stohlman Subaru to the right of the page or call 571-599-2234.
information is meant to inform customers and make general comparisons
about buying and/or leasing a vehicle. It is not meant to sway a
customer towards buying, or towards leasing. This chart does not reflect
a specific lease or loan. The information on this page is adapted from
an article on Edmunds about leasing vs. buying.