How to Choose Between a Lease or Loan for Your Next Subaru in Grand Junction

At Grand Junction Subaru, we serve Fruita by making the process of financing your Subaru as painless and easy as possible. We've worked with countless car buyers with a wide range of financial circumstances, and that experience has given us the knowledge to set you up with exactly the right options.

We've developed relationships with local banks and lenders in the Clifton, CO, area, as well as national lenders, and we can leverage those connections to get you the best rates and most attractive finance packages for buying a Subaru.

But at the end of the day, we want you to be happy with the decision you've made. That's why we'll provide you with multiple options for financing your car. While we're happy to help with the decision-making process, you're in the driver's seat when it comes to choosing the option that fits your budget best.

One of the first decisions to make when financing your next car is whether you want a lease or loan. Neither is better than the other since each offers its own advantages, but one may suit your lifestyle, budget, and driving needs best. Explore the benefits of leasing and car loans to discover which will be best for you.


Grand Junction Subaru

651 Market Street
Directions Grand Junction, CO 81505

  • Sales: (970) 241-2414
  • Service: (970) 241-2414
  • Parts: (970) 241-2414

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Leasing

When you lease a car, you're not paying to eventually own it outright. Instead, you are essentially renting the vehicle for a term of several years. Leasing can often make the most sense when you're trying to avoid a higher monthly payment. Since the primary cost is the depreciation of the vehicle during the time you drive it, you won't have to worry about paying off the entire sticker price.

Similarly, leasing usually requires either no down payment or minimal down payment. If you're not comfortable spending on a sizeable down payment, leasing may be the way to go.

Another factor that may come into play for you is that leasing can offer certain tax benefits if you're using the car for business purposes. If you are a business owner or if you intend to use your Subaru for business reasons, look into whether leasing can offer you significant tax savings.

Finally, leasing is ideal if you want to drive a newer car on a regular basis, or if the idea of driving a different car every few years is attractive to you. One of the best parts about leasing is that you're not tied down to a specific car indefinitely. You can switch it up after a few years, which can add a little variety to your life.


Taking a Loan to Buy

Probably the most positive aspect of taking out a loan to purchase a car is that you are building equity. Once you've paid off your loan, you are the owner of the vehicle. You can later sell the car to recoup some of the value down the road if you choose.

Another long-term benefit of buying a car is that you can look forward to a time when you no longer have a monthly car payment. Once you've paid off the loan, you can now take advantage of the benefits of having a vehicle while not having to slot a car payment into your monthly budget.

Yet another advantage of taking out a loan to buy a car is that insurance costs typically are lower for owners than for leasers. This offsets the fact that the monthly car payment will tend to be a bit higher when buying a car than leasing.

Finally, if you're planning on driving high mileage on a yearly basis, taking a loan to buy may make the most financial sense. Often, lease agreements have additional costs for people who drive past certain mileage thresholds. If you know you fall into that category, buying is probably the way to go.

Finance Your Next Vehicle at Grand Junction Subaru Near Redlands, CO

When deciding between a loan versus a lease, you'll need to weigh your own circumstances to decide what's best for you. But you don't need to do it alone. At Grand Junction Subaru, we are more than happy to crunch the numbers with you and figure out the perfect option. Contact our finance team today to get started!