Should I Buy or Lease My Vehicle

Dealer and Client are checking lease documents

Leasing vs. Buying a Car: What's the Difference?


Should I Buy or Lease My Next Car?

There are lots of questions and concerns involved with the process of upgrading to a new vehicle. One such issue is determining whether a lease or purchase of a new car is right for you.

Both options have their pros and cons, and the best decision would depend on what option best fits into your overall strategic plan and priorities. Deciding whether to lease or buy your next vehicle is an important decision that should be informed by your income and lifestyle goals.

If you're still undecided, Rivertown Subaru, Columbus, GA, has assembled this helpful guide to help highlight the pros and cons of leasing vs. buying. The expert team in Our Finance Center is equipped and ready to help with whatever you may need. If you need more information or have more questions, please visit us at Rivertown Subaru, Columbus, GA.

Pros & Cons of Leasing a Car

One of the most significant benefits of leasing is that you get to drive a new vehicle in its prime. That means enjoying the latest technology, safety features, and all of the modern upgrades the car brings.

In addition, leasing does not usually require a substantial down payment, and your monthly lease payments will generally be lower than financing. As well as that, leasing makes it easy to drive a new car more frequently, not to mention the fact that you enjoy easy returns without the hassle of trade-in.

The major disadvantage of leasing is that you can incur fees if you exceed the agreed-upon mileage limit. Also, when you lease a car, you can't customize it to your specific wants; plus, there can be significant financial penalties for wear and tear. If you're considering a lease deal, please contact us for details.

Pros & Cons of Buying a Car

For many drivers in Columbus, financing makes more sense because you own the vehicle outright once the auto loan is paid off. That means you can modify your vehicle as you wish or even use your car as you need, without mileage restrictions. Buying also means you can sell the vehicle when you see fit.

The disadvantage is that buying typically requires a larger down payment than leasing, and trying to sell an old vehicle is not always easy. In addition, you'll likely have higher monthly payments when you buy than if you leased.

Lease or Purchase Your Next Subaru at Rivertown Subaru

At Rivertown Subaru, our goal is to help you buy or lease a vehicle you love using purchasing options that fit comfortably into your budget and objectives. As a result, we provide the best lease deals and financing offers in Columbus, GA, ensuring you enjoy rock-solid reliability and low total cost of leasing or buying.

So, whether you need help with lease vs. buy options or other forms of automotive assistance, we can be your best bet in the Columbus area. Please visit us at Rivertown Subaru to buy or lease a car in Columbus, GA.