Buying Vs. Leasing: Choosing the Best Option for Your Needs With Michael Hohl Subaru

When you're in the market for a new vehicle and you find the one that puts a smile on your face, you have a couple options for how to take it home and enjoy it for years to come. One option is to buy it outright and the other is to lease it. Here, we at Michael Hohl Subaru will discuss the differences between the two so you can decide which is the best choice for your needs.

Benefits of Buying a Subaru in Carson City

First, you can buy your new Subaru. If you plan on keeping your chosen model for as long as possible, this is the option for you. Once you finish making payments, the vehicle is now yours completely without mileage restrictions or anything; it is yours to do with as you wish. If you happen to do a lot of driving every single day without plans on selling it in the foreseeable future, then buying is probably the best choice.

Benefits of a Subaru Lease

If you're more interested in having a new vehicle once every few years, then leasing would be the option you should pursue. Lease contracts often allow you to get more car for less money, as the amount you pay is the difference between the original price and the expected worth at the end of the lease. For example, if you have a car worth $30,000 for a three-year lease and the residual value is 55 percent after that time, it would be worth $16,500 after the lease. This means you'd only have to pay the remaining $13,500, saving you money while still getting the full use of the vehicle.

While you still need to keep up routine maintenance on the leased vehicle, they are covered under warranty by repairs. So if you're interested in a new vehicle with modern technologies and features but don't plan on keeping it for more than a few years, a lease is perfect for you.

Which Auto Finance Option is Best For You?

To learn even more about the benefits of buying or leasing a vehicle, come in to Michael Hohl Subaru today and we'll give you all the details. We're located in Carson City, NV, serving the greater Fallon area, and hope to see you soon.