When the time comes to get a new Subaru, you have two options: buy or lease. Financing the purchase means the buyer only must pay an agreed-upon amount each month. A Ramsey NJ shopper who chooses to lease has to follow the same requirement. And both a borrower and a lessee make a down payment on their vehicles. Trade-ins may be acceptable with leases, too. Of course, there are differences between the two deals. Whether you decide to lease or finance a Subaru, know that Wayne Subaru provides an exceptional inventory of vehicles to select.
Financing as a Path to Owning
When you finance a car near Bloomfield NJ, you take a loan to pay for the vehicle. Once you reach the final payment and the balance becomes zero, the vehicle is yours. Before that time, the lender holds the title. For someone who wants outright to own a car, truck, or SUV, financing makes sense. Taking out a loan with reasonable terms makes buying more accessible than paying full price on the vehicle upfront around Oakland NJ.
Leasing Offers Short-Term Procurement
Leasing a car near Pequannock NJ means the lessee takes over the vehicle for a specified amount of time and then must return the model to the dealership. The lease term usually runs two or three years, and the lessee becomes responsible for all maintenance and repairs.
Pompton Plains NJ drivers who wish to upgrade to new models relatively quickly may find leasing preferable. They can return the vehicle and then take out a new lease on a different vehicle. After paying off a financed model, the owner must sell it or trade it in and then finance a new car.
Of course, a person buying a car could drive it for many years after paying the balance. Some Wayne drivers may put well over 100,000 miles on a model. Note: leases do come with annual mileage caps.
Test Driving Your Choice
Whether financing or leasing, take a Subaru out on a test drive in Wayne. Our dealership can help you there.
