Which is Right for you: Leasing or Buying?

At Tucson Subaru in Tucson, AZ, we want to make sure you are making the best choices for your life when you are choosing a vehicle. This decision isn't simply a matter of finding a vehicle that meets your needs, but extends to what financing options you should make. Leasing and buying are the two ways in which you can choose a vehicle, each have their own benefits, and we want to make sure you know which one fits best with your life.

The Pros and Cons of Leasing

Choosing to lease a vehicle is essentially renting a vehicle, you pay monthly for a set term and then you bring your vehicle back to our dealership. This choice is good if you want to upgrade your vehicle consistently. Usual lease periods are around three years, giving plenty of time for new technology to emerge in vehicles, keeping you on the cutting edge. A lease is cheaper than buying, having you pay only the difference in value between the beginning and end of your lease term.

Leasing isn't the best choice for all however, as it brings many contractual limitations/agreements. Agreements under a lease contract typically include the number of miles you can drive (agreed at time of lease signing), the maintaining of the vehicle (e.g. oil changes, etc.), and an agreement not to modify the vehicle (e.g. Aftermarket additions such as spoilers, cheaper non-OEM components, etc.). So if you typically drive more than 15,000-20,000 miles per year, you like to modify your vehicle or do your own maintenance, you may be better off going the financing route.

The Pros and Cons of Buying

The biggest benefit of buying a vehicle is that it is your vehicle; you can make changes, put as many miles on it as you want, and sell it whenever you want. You won't have to worry about any extra fees after a certain amount of time, you can do whatever you want with this vehicle. 

At the end of your payments, you can do anything - sell it, pass it down to a family member, private sale, whatever is best for your situation. There are many more options for this than there are with a lease. Buying is a good choice if you want a vehicle that you can take care of and plan on driving for more than just a few years.

With buying, your payments will be higher, because you are paying for the full value of the vehicle rather than just the value of your time of use. You will have to pay for maintenance costs and other types of costs that come with it.

Our Experts at Tucson Subaru can help you make the right choice

When you visit our dealership, we will make sure you know which option is right for your life. Our finance experts will take all the time that we need to help you get the perfect plan for the vehicle that you really want, just like we have for our customers from Oro Valley, Sahuarita, Sierra Vista, Marana, and Green Valley. We encourage you to visit us soon so that we can get you started.