Are you interested in getting a new car like the 2018 Subaru Impreza or Subaru WRX? If so, you may be wondering if you should lease or buy. Having helped a lot of drivers make the choice between leasing and buying over the years, we can tell you that making this choice is much easier when you know a few details about leasing.
While buying an automobile is pretty straightforward, leasing is often a mystery to motorists who haven’t leased a car before. To put it simply, leasing a vehicle is similar to renting an automobile. You’ll use your leased car for a pre-determined number of years, and you’ll then return it to our Subaru dealership when your lease is up.
When you lease a vehicle from our Subaru dealership near Downers Grove, IL, you’ll see that your contract includes a few restrictions. Your lease will include the maximum number of miles you’ll be able to drive every year, for instance. It will also explain how you need to maintain your automobile. If you put too many miles on your car’s odometer or if it experiences excessive wear and tear, you’ll have to pay a penalty when your agreement is up.
With many contracts lasting 24 to 36 months, leasing is also a great idea if you enjoy getting a new vehicle with the latest features. Since only new models are eligible to be leased, you’ll be riding around in a car with the most up-to-date systems.
As a general rule, lessees don’t have to come up with a down payment that’s as big as the one they’d have to provide if they purchased an automobile. Lessees often have lower monthly payments as well, along with lower registration and insurance fees.
If you’re trying to choose between buying and leasing a car, visit Gerald Subaru of Naperville to talk to our sales and finance experts today.