Lease or Finance Your New Subaru


Lease or Finance Your New Subaru at McDaniels Subaru of Columbia

Wondering whether leasing or financing is right for you? Both are great options for getting into your next vehicle. Our experts review the benefits of each to help determine which is right for you.

Benefits of Leasing

  1. Low Monthly Payments:
    • Leasing payments can typically be much lower than financing because the payments are structured around the depreciation over your desired lease term, rather than the full purchase price plus interest.
  2. Little or No Downpayment:
    • Leasing doesn't require a large down payment, making it easier to get into a new car.
  3. Few Maintenance or Repairs:
    • Since leases are only available for new vehicles and the average lease is only 36 months, the leased vehicle is under warranty for the duration of the lease.
  4. No Trade-In Hassles
    • Simply return the vehicle at the end of the lease without worrying about trade-in value.

Benefits of Financing

  1. Freedom of Ownership:
    • Even while you make payments, you functionally own your vehicle with no mileage or customization restrictions. You can sell or trade at any time or drive payment free once the loan is paid off.
  2. Long-Term Savings
    • Financing is typically more cost-effective for drivers who keep their vehicles for a long time. The average driver keeps their vehicles for around eight years, compared to the average lease, which is 36 months.
  3. Build Equity:
    • Finance payments build equity with each payment, meaning you own the vehicle's value.
  4. No Penalties or Fees:
    • With financing, you don't have to worry about getting penalized for excess wear and tear or going over a certain number of miles.

Contact McDaniels Subaru of Columbia for Finance and Lease Information

Our finance and lease experts at McDaniels Subaru of Columbia can help you determine which option is right for you. We'll provide a side-by-side comparison of the payments and review our current specials to help you get the best deal possible. No matter which option you choose, our team is committed to making your shopping and driving experience convenient and cost-effective.