Buying vs. Leasing a New Subaru

Should You Lease OR Buy?

We are pleased that you've come to Koeppel Subaru to get your next Subaru! We are a trusted Subaru dealer in Queens NYC and the Subaru brand is world famous for being among the top automakers for quality and customer satisfaction. There are a wide range of models to choose from from the sporty Impreza and Legacy, to the nimble Crosstrek, to the rugged Outback and Forester, all equipped with All Wheel Drive and ready for your next adventure. Whichever Subaru model you chose, you'll need to decide on which means of financing you'll choose...buying or leasing. If you're not certain which is the best way to go, the team at Koeppel Subaru is here to give you some help in deciding what best suits your situation. Here's the lowdown on buying vs. leasing:

Leasing a Subaru

If you're a driver that likes to have the latest model and the most up-to-date safety equipment and technology features, a lease may be your preferred choice. NYC Subaru leases are typically 2 to 3 years in length. Upfront costs are low, usually consisting of your first month's payment, security deposit, taxes, and registration. Generally lease payments are lower than loan payments, so you'll be able to drive a higher end vehicle for the same monthly payment. Leases typically have a mileage limit of 12K-15k per year, so you will have to watch how much you drive your new Subaru. Any overage will be charged to you when you return the vehicle at the end of the lease term.

Keeping your vehicle in good condition is also a consideration as any excessive wear & tear or damage will be charged at lease end. When it comes to customization, you're limited to dealer-installed OEM accessories. Depending on the lease deal, you may be responsible for paying for maintenance and repair, but this usually only involves scheduled oil changes and tire rotations. The newness of your Subaru and the limited mileage will usually spare you from major repair bills during the lease term. At the end of the term, you'll have the option to start a new lease and upgrade to a new Subaru and enjoy the benefits of driving a brand new car.

Buying a Subaru

There are many advantages to buying a Subaru. Upon purchase, the car is all yours to drive as much as you want, to customize any way you want and enjoy for as long as you want. The upfront costs are more than leasing and the payments will typically be more because you are paying the full price of the car over the term of the loan, but in the end, you have complete ownership of the vehicle. You won't have to worry about how many miles your Subaru is racking up or if it gets a nick or scratch along the way - it's up to you to get it fixed or keep them as a part of your Subaru's "character".

You'll have the flexibility to sell or trade-in your vehicle at any time for a newer model or LOVE your old Subaru for as long as you can. With Subaru's reputation for quality and longevity, purchasing your vehicle outright will undoubtedly return many years and hundreds of thousands of miles of driving enjoyment, taking you to wherever the road calls you. 

The Verdict

In the end, the best decision ultimately comes down to your individual preferences. Are you a driver that enjoys the latest and greatest features and equipment? Is your annual mileage typically less than 15,000 miles? Do you prefer to not have to worry about major auto repairs? Do you keep your vehicle neat and clean? If this sounds like you, then a Subaru lease is for you. OR, do you have a long commute that racks up annual mileage of 20,000 miles or more? Do you enjoy the freedom of driving where you want to go - off-roading or cross country? Do you like to keep a vehicle for longer than 2 to 3 years and enjoy taking care of it and getting the necessary service and maintenance performed on it in order to get the most out of it year after year? Then you're a lock for buying a new Subaru. Speak to one of the Subaru professionals at Koeppel Subaru to discuss your purchase or lease options and to see which choice suits your individual lifestyle and driving needs. We look forward to helping you make your decision and we're confident that you'll be completely satisfied with your NYC Subaru dealership experience and with your new Subaru automobile!



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