Buying vs Leasing

 
 
Buying vs. Leasing  
There are two ways to get a Subaru here at  Cascade Auto Group. Leasing or financing your vehicle both have their benefits. When it comes to deciding which one is better depends on personal finances and preference. Below are some tips that will inform you on what might be the best option for you when considering a Subaru. For further information on leasing please download our free Subaru finance buyers guide.

Difference Summary Details

When you choose to buy a Subaru you are paying for the entire vehicle and it does not matter how many miles you might put on the car. What is usually required when purchasing a vehicle is a down payment, sales tax, and pay the interest rate that is determined by a loan company. You are also required to pay the first payment after signing the contract.

Leasing a Subaru is also a highly recommended way to get the most out of your car. When you do lease a Subaru you get the benefit of lower monthly and down payments. You are also paying for just the portion of the car rather than the entire car. Basically, you pay for the duration in which you will be driving the Subaru. If you lease a car that costs $23,000, you will have an estimated value of $17,000 after 24 months. You would be paying for the difference (depreciation), plus finance charges, and fees. You are simply paying for the difference between the current price and the expected value of the car during your lease plan, this is known as the residual value.

Another benefit to leasing a car is the flexibility of upgrading to a new car every couple of years. Since the Subaru lineup is constantly being innovated with better performance, MPG, and technology. You get the benefit and convenience of staying ahead of the curve when it comes to your vehicle. If you need further help in the shopping process please call us here at Cascade Subaru at (888) 819-5754 to speak to one of our sales representatives.

Subaru Leases

·         • You can lease a Subaru for about 36, 39 or 42 months 10,000, 12,000, or 15,000 miles per year.

• You may pre-buy additional mileage for about .10 per mile during the time of your lease. Extra mileage that is not charged will .15 per a mile at the end of the lease. 

·         No security deposit required

·        • A $300 disposition fee is waived if you purchases or lease another Subaru

·        • Subaru offers lessors loyalty bonus for the first month of your next lease (up to $500)

·      • Subaru offers a $1,000 "wear and tear" allowance when you turn your car in. This covers scratches, scuffs, and minor deferred maintenance items.

Mileage

Leasing a Subaru can different the miles that you agree on when it comes to your plan. You can lease a Subaru generally for 10,000, 12,000, or 15,000 miles per a years with some agreements that might allow up to 30,000 miles per a year. Determine how many miles might be right for you depends on lifestyle and commute to work.

In the event there is a total loss, destruction or theft of the vehicle, we will waive your liability for any GAP
amount, provided you are in compliance with your insurance requirements. This GAP Amount Waiver is
included in your lease at no additional cost. The GAP amount is how much is due after subtracting the vehicle's actual cash value (paid by the insurance company) from the Adjusted Lease Balance3 on your lease as of the date of the loss. There are certain conditions that must be met before you are released from any additional liabilities. We must receive the insurance proceeds for the vehicle's full actual cash value at the time of loss. You must pay any required deductible to Chase or the insurance company (as specified in your insurance policy). You must fulfill all your other obligations in your lease agreement.

Lease End Charges

• Excess Wear and Use Charges: You will owe the estimated costs to repair any damage to the
vehicle in excess of $1,000, subject to certain exclusions, such as worn tires. You will owe the full
amount of the estimated repair or replacement costs for excluded items of damage. We offer a
complimentary lease-end vehicle inspection, as described in the Lease End Vehicle Inspection section,
so you will know the amount of any excess wear and use charges before you return the vehicle. Please
see your lease agreement for a full description of the excess wear and use standards.

• Excess Mileage: You will owe a per-mile charge for each mile driven in excess of the annual mileage
allowance stated in your lease agreement. Please see your lease agreement for more details.

• Additional Charges: You will owe any other amounts due under your lease, such as past due lease
payments, unpaid late charges, sales/use tax on certain charges (per applicable state and local laws),
unpaid parking/traffic citations billed to your account and any personal property taxes due.

• Disposition Fee: You may have to pay the disposition fee as disclosed in your lease agreement.