Should You Buy or Lease Your Next New Subaru? Shingle Springs Subaru Has Some Answers
At Shingle Springs Subaru, we're proud to offer an extensive selection of new Subaru vehicles available for lease or purchase. You've likely asked yourself in the past "what are the advantages to leasing a new vehicle?" We've put together this page to answer some of those questions and to illustrate the particular advantages to leasing your next new Subaru. The most significant way that leasing differs from buying is that you're only paying for part of the vehicle when you lease. When you buy a new vehicle, you're generally financing an amount equal to the full purchase price of that vehicle, often leading to higher monthly payments. When you lease, however, you're paying a percentage of the total price to drive the vehicle for a specific amount of time, which means a significantly lower monthly payment. In addition, when you lease, the amount of money required at inception is generally significantly less than if you choose to buy.
Of course, purchasing a new vehicle has its advantages as well, such as no limits on the amount of miles you may drive in a year or the ability to modify the vehicle as you see fit. One of the biggest disadvantages to purchasing a vehicle, however, is the depreciation factor. When you buy, you end up with a significant amount of cash tied up in an asset that is worth less and less over time, making trade-in or re-selling situations potentially stressful. When you lease a new vehicle, there are few hassles at the end. You may either turn in the old vehicle and lease a new one or finance the remainder and purchase it. When you lease, you can drive a better car for less money and, since the leased vehicle is under factory warranty for the entirety of the lease, repairs are as hassle-free as possible. The biggest advantage to leasing vs. buying is the fact that you get to drive a brand new vehicle every few years without making a significant dent in your monthly budget. When you take all of these factors into consideration, and depending on your lifestyle or budgetary concerns, leasing a new Subaru from Shingle Springs Subaru can make great financial sense!
| Buying |  | Leasing |
| Sizable down payment | Money Down | Less up front money |
| Higher monthly payment | Monthly Payment | Lower monthly payment |
| Negotiated trade-in value | Trade-in | No trade in hassle or negotiation |
| Responsible for maintenance costs after warranty expires | Warranty | Less maintenance - typically always under warranty |
| GAP protection not included - added expense to purchase | GAP Protection | GAP protection included |
| Stagnant technology based on what was in effect at time of purchase | Technology | Technology obsolescence protection |
| No loyalty incentives | Loyalty | Lease loyalty incentives |
| Eligible for all dealer incentives | Incentives | Eligible for all dealer incentives |
| Potential negative equity if you sell your car before it is paid off | Equity | No chance of negative equity |
| Not required to maintain vehicle, but since you may eventually own it, why wouldn't you? | Program Maintenance | Responsible for program maintenance per manufacturers recommendation or you may be charged excess wear and tear |
| The negotiated price of a new vehicle is the same | Vehicle Price | The negotiated price of a new vehicle is the same |
| Insurance payments are the same | Insurance | Insurance payments are the same |
Buy or Lease Your Next New Subaru From Shingle Springs Subaru
Shingle Springs Subaru is proud to offer an extensive selection of new Subaru vehicles, a wide variety of quality pre-owned vehicles (including Subaru Certified Pre-Owned), a well-stocked Genuine Subaru parts and accessories department and a state-of-the-art service facility staffed by factory trained technicians. We offer frequently updated specials on parts and accessories, maintenance and repair and, of course, new Subaru vehicles. When you're ready to schedule a test drive, give us a call or stop by. We're conveniently located at 4045 Wild Chaparral Drive, Shingle Springs, CA 95682. Our friendly sales professionals will be delighted to assist you in finding the Subaru that's perfect for you and the caring professionals in our financing department can help you set up a lease or purchase plan that's right for your budget. We can't wait to get you into your next new Subaru at Shingle Springs Subaru!
