Subaru Financing 101: Loans vs. Leases

The decision between Subaru financing and a Subaru lease can be difficult for some drivers. There are pros and cons for each scenario, depending on factors such as driving profile, budget, and your present or future lifestyle requirements. At Kirby Subaru of Ventura, our team of sales and financing experts can help you make a well-informed decision.

When a Loan Makes the Most Sense

Taking out a loan for a car makes sense if you want to ultimately own the vehicle. Once you’ve made all your payments and take full ownership of the car, all of its equity is yours to enjoy. Another reason to pursue a loan is if you plan on customizing or modifying the vehicle. This is also the route for you if you’d prefer to drive the car however you want, for as many miles as you want, without worrying about incurring fees for excess mileage or damage.

When a Lease Makes the Most Sense

Leasing has a few major upsides. The first is that you only pay for the vehicle’s depreciation during your lease term, which makes leasing a new Subaru model more affordable than a loan, at least in the short term. Secondly, since you won’t own the car forever, you are free to drive a new automobile every few years, allowing you to consistently benefit from the latest technology and comfort features.

There’s also a third benefit to leasing that many drivers don’t consider: lower Subaru maintenance and repair costs. Since a typical new-car warranty lasts as long as the standard three-year lease term, you likely won’t ever have to replace wear-and-tear items such as the brakes and tires during your lease.

Explore Your Subaru Financing Options in Ventura, CA

Now that you understand the differences between loans and leases, the next step is to visit our Ventura, CA, Subaru dealership. Our team will be happy to talk to you further about your budget and the kind of automobile you’re interested in, and pair these criteria with our customizable finance programs. The end result will be a great car at an unbeatable price.