What is the Difference Between a Car Lease and an Auto Loan?

 

Reeves Subaru of Tampa

11111 North Florida Avenue
Directions Tampa, FL 33612

  • Sales: (888) 378-0739
  • Service: (888) 378-0795
  • Parts: 813-375-3693

Hours

  • Monday 08:30am - 08:00pm
  • Tuesday 08:30am - 08:00pm
  • Wednesday 08:30am - 08:00pm
  • Thursday 08:30am - 08:00pm
  • Friday 08:30am - 08:00pm
  • Saturday 09:00am - 06:00pm
  • Sunday Closed

Should I lease or buy my new car?

Benefits of Leasing 

If you choose to lease, you can expect several benefits, though with some drawbacks. We'll make sure you understand the terms of your lease agreement and we'll find out if that's the way to go for your next new Subaru. The benefits of leasing a new Subaru include:

  • Lower down payment and monthly costs: When you're qualified for our best lease offers, you'll find you might not even need any money down, and your monthly payments will be lower than what your loan payments might cost.
  • Maintenance is covered: Because your leased Subaru will be under factory warranty, most kinds of maintenance and repairs needed will be covered.
  • More options at the end of the lease: When your lease term is up, you can buy the car for its remaining value, you can opt for a newer version with a fresh lease, or you can simply return your vehicle and head in another direction.

Benefits of Buying with a Car Loan

While the benefits of leasing are compelling, there are some limitations. For one, you can't customize your Subaru or add special parts and accessories. Furthermore, you'll have mileage limits that can cost you quite a bit if you exceed them. Here are a few benefits of buying a new Subaru with a new car loan:

  • Once your loan's paid off, you'll own your Subaru: This is a pretty simple concept. If you're shopping for a car for the long-term, you'll love being able to one day pay off your loan, which means you have a great long-lasting Subaru that won't have any monthly payments.
  • More affordable in the long term: While leasing means lower payments, a long-term investment with a Subaru is going to cost you less than if you were to lease new models every two or three years for the same period of time.

Visit Reeves Subaru of Tampa today and we'll help you decide if leasing or financing is the way to go.

Our Tampa, FL Subaru Dealership Will Help You Choose the Best Way to Finance Your New Outback, Impreza or Crosstrek

Finding the right kind of Subaru for your travels around Brandon, Wesley Chapel and Clearwater, FL is easy at our dealership. But from there you'll have to choose whether to buy or lease your new Subaru, a decision that may be a bit trickier than picking out the right model. Here at our Tampa, FL Subaru dealer near Odessa and Land O'Lakes, we'll help you figure out your financing options so that you can comfortably fit the best edition of the Legacy, Forester or Outback you want into your budget. Read below to learn about the pros and cons of both financing your new Subaru with a loan, or leasing one, then visit our Subaru dealership in Tampa on North Florida Avenue.

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