Buy or Lease a Subaru

Subaru driving on wet roads 

Need Some Help Deciding Between a Lease or a Loan?
Patrick Subaru is Happy to Help You Decide, Serving Westborough and Beyond

When it comes to figuring out financing for your car, the whole process can sometimes be confusing and discouraging. At Patrick Subaru, we believe that there's a better option. Our finance team has created strong ties with both the drivers of Marlborough as well as local banks and credit unions. With our customer-centric approach and knowledge of financing, we can help you find the right lease or loan to meet your needs.

But first off, let's review some of the benefits to leasing and loaning in case you are unsure of the difference or need a refresher.

Leasing

The great thing about leasing is that you pay less, at least in the short term. You will have lower monthly payments than you would if you loaned the same car, and you will also have a less expensive down payment. Since you are just paying for the vehicle's depreciation while leasing, and some fees and interest, the whole process of leasing costs considerably less during the time of your financing.

With the extra money that you've saved not investing in purchasing the car, you can choose to put those savings toward extra features or higher trim level. And when your lease is up, you simply bring in the vehicle, pay any final end-of-term fees that may apply, and are free of any obligations. You won't need to find a buyer for your vehicle.

orange subaru on a hill

Loan

Even though your monthly payments and down payments will be higher, once you pay off the loan, the car is yours. That means no more monthly payments and a vehicle that Worcester drivers can sell to have it go towards their next vehicle. Working towards owning the vehicle also means that you won't have to worry about the same restrictions that leasing has.

If you drive a lot of miles, then loaning might be the right choice for you. You won't have any mileage fees or restrictions, and you can drive as much as you want.

Taking out a loan or leasing your vehicle both have their advantages and disadvantages, but luckily for you, our finance experts know how to find financing options that work for your unique financial situation. Once you have browsed our new inventory, filling out a finance application is a great way to get the financing process started from the comfort of your home.

Contact us today for exceptional finance advice!

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