Buy Vs. Lease

Buying or Leasing Banner with two Subaru Vehicles

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 or trying to pay off your car loan early. 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

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

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1747 S. Garfield Ave, Traverse City, MI, 49686
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Serra Subaru of Traverse City 44.735640, -85.594390.