Subaru drivers have traditionally purchased their vehicles because of Subaru's high performance and safety standards, not to mention the industry-leading trade-in value the vehicles retain even after many years of ownership. Due to this high residual value, leasing a Subaru can be very cost effective.
Not sure about the difference of buying vs. leasing? Let Berman Subaru of Chicago answer your questions by calling us at 773-382-8227. Our reliable Subaru dealership and trustworthy finance team will help you make your decision. Visit Berman Subaru of Chicago today!
Who Owns It?
You do not own the car when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.Â
Up-front Costs
Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment (unless you're a member of our Lease Loyalty Program, see below!), a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.
Future Value
In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.
End of Payments
Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.
Best Cars to Lease
The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. And since a Subaru holds its value higher than most other vehicles, you'll likely retain greater equity, thus saving you money on your next Subaru lease.
Lease Loyalty Program
If you're leasing your current Subaru through Subaru Motors Finance, you may also qualify for the Subaru of America Lease Loyalty Program. Under the Lease Loyalty Program, Subaru will make the first monthly payment on your behalf - not to exceed $500 - on your next Subaru lease through Subaru Motors Finance and pay any disposition fee owed on your current leased Subaru. Offer subject to program rules and customer eligibility requirements. Ask Berman Subaru of Chicago for Lease Loyalty Program details.
