Serra Subaru - Buy VS Lease



There are a lot of misconceptions surrounding new vehicle leases and Serra Subaru of Traverse City is here to help explain the benefits of leasing. One of the biggest problems with purchasing a new vehicle is that its value plummets drastically the moment you drive it off the lot. Not only does this hurt an otherwise sound investment, it also opens the door to the difficult position of negative equity. Leasing offers solutions to these significant issues while also saving substantial money on monthly payments. When leasing a new Subaru, you are only required to pay for the portion of the vehicle's life specified in the terms of the lease. This allows for much lower costs up front than what comes with purchasing as well as far lower monthly payments. Since it is rare for a manufacturer warranty to expire during a lease term, you always have a vehicle covered under warranty. Once the lease term expires, you will be in prime position to jump in the next big thing from Subaru without the hassle of negative equity or being stuck in a frustrating conversation regarding the value of your trade in. Leasing has come a long way and is now an excellent option for anyone who appreciates all of the benefits of always driving a new Subaru without the inherent downside of purchasing.
 
 Buying    Leasing
 Sizable down payment MONEY DOWN
 Less up front money
Higher monthly payment 
MONTHLY PAYMENT
Lower monthly payment (up to 60% lower) 
 Negotiated trade-in value TRADE-IN
No trade in hassle or negotiation 
 Responsible for maintenance costs
after warranty expires
 WARRANTYLess 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  INSURANCEInsurance payments are the same