Leasing vs. Financing a Subaru – What's Right for You?

What about Leasing a Subaru?

Leasing a Subaru means you're paying for the use of the vehicle over a fixed term-usually 24 to 48 months. Instead of buying the car outright, you make monthly payments that typically cover depreciation, interest, taxes, and fees.

But here's the truth

• Lower monthly payments compared to financing the same vehicle

• Minimal upfront costs, making it easier to get into a new car

• Access to the latest Subaru models every few years

• Full warranty coverage, meaning fewer unexpected repair costs

• Flexibility at the end of your lease to return, buy, or start a new lease

Leasing a Subaru in New York is popular among drivers who prefer new vehicles, shorter commitments, and predictable costs.

What about Financing a Subaru?

Financing means you take out an auto loan and gradually pay off the full value of the Subaru vehicle over a set term, usually 60 to 72 months. Once the loan is paid off, the vehicle is completely yours.

• Key Benefits of Financing:

  • Build equity with every payment-eventually, the car is fully yours

  • No mileage restrictions, perfect for drivers with long commutes or road trips

  • Freedom to customize the car however you like

  • Sell or trade in anytime, giving you more control over your asset

  • Long-term savings, as you no longer have payments once the loan is paid

  Financing a Subaru may be the right move if you plan to keep your vehicle long-term and want full ownership.

Feature	Leasing	Financing
Upfront Costs	Typically lower	Typically higher
Monthly Payments	Lower payments	Higher payments
Mileage	Limited (10k-15k/yr) with fees for overages	Unlimited miles
Ownership	You do not own the car	You own it after the loan term
Warranty	Typically covered under full warranty	Warranty ends-repairs become your responsibility
Customization	Not allowed	Fully allowed
End of Term	Return, renew lease, or buy	Keep or sell your car anytime

Should You Lease or Buy Your Subaru?

When deciding whether to lease or finance your next Subaru, it comes down to your lifestyle, driving habits, and financial goals. Leasing is an excellent choice if you prefer lower monthly payments, love the idea of upgrading to a new car every few years, and typically drive under 12,000 to 15,000 miles annually. It also offers peace of mind with full warranty coverage throughout the lease term, meaning fewer out-of-pocket expenses for repairs or maintenance.

On the other hand, financing a Subaru makes sense if you want to build long-term equity and fully own your vehicle. It's ideal for drivers who travel more than 15,000 miles per year or plan to keep their car for five years or longer. Financing also gives you full control over the vehicle-you can sell it, trade it in, or customize it however you like without restrictions.

Whether you lease or buy, South Shore Subaru offers flexible options to match your budget and driving needs. Our team is here to help you make the right choice with personalized guidance every step of the way.