Leasing vs Financing a New Car in St. Louis

lease vs buy near st. louis

Leasing a car hasn't always been an option. In recent years, it has become an alternative payment choice for a new car. Choosing whether leasing or buying a new car is the best option for you requires evaluating quite a few different factors. You have to take into consideration your financial standing, your lifestyle, and your motives for purchasing a new car. Do you want a new car because it will have all the latest features? Do you want a car that you will be able to take on cross-country road trips? These are just a few things you may consider when trying to make the decision if you should lease or finance a car. Our great team at Lou Fusz Subaru - St. Peters is ready to help you figure out which option will best suit your specific needs and wants. Below we provide you with just a few of the key advantages and disadvantages to leasing or buying a new car. Once you decide if leasing or financing is the best option for you then apply online to get pre-approved. This will make your dealership experience fast and easy and will give you the power to know how much car is right for your budget. Don't hesitate to reach out to our sales and finance team if you have any questions at 636-397-2012!

Advantages and Disadvantages of Leasing

Advantages of Leasing a New Subaru in St. Louis

Are you always on the hunt for the newest and most innovative technology? Then leasing could be the best option for you. Here are some great reasons why leasing can be beneficial:

  • At the end of the lease, you can finance the remaining value, roll the equity into a new lease, or walk away from leasing
  • Car is always covered by manufacturer warrarnty
  • Low or zero down payment
  • Lower monthly payments
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Disadvantages of Leasing a New Subaru

There are many advantages to leasing versus financing a car. However, leasing isn't for everyone. For example, people that have long commutes or take lots of trips in the car may not like that leases put mileage restrictions. Here are some other disadvantages about leasing to consider:

  • Must maintain vehicle in good condition to avoid possible penalties
  • No modifications or altering the vehicle permanently
  • Payments continue as long as you keep leasing
  • Early termination fees if you end your lease early

Advantages and Disadvantages of Financing

Advantages of Buying a New Subaru in St. Louis

If having ownership and full control over the decisions of your vehicle is one of your main concerns then financing a new car may be the best option for you. Here are some important advantages to financing a new car to consider when choosing the payment option that best suits you:

  • You will have no car payments at the end of your finance term
  • No limits on mileage
  • You can make permanent modifications whenever you please
  • You can sell the car at any time
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Disadvantages of Buying a New Subaru

Financing a vehicle often means you are getting a loan for 5 years. This is a large commitment to one vehicle. Here are some disadvantages to consider when it comes to financing a new car in St. Louis:

  • Depending on your finance terms, it can take 5-7 years to complete payments
  • Cars depreciate in value once you drive them off the lot
  • Car will eventually be out of warranty
  • Larger downpayments may be required
lease vs buy near st. louis

We know that making the decision to lease or finance a new car is a huge decision. Don't worry though, we are here to help you every step of the way. Our customer-oriented team at Lou Fusz Subaru - St. Peters are ready to help you get into your new Subaru. We know that everyone's story is a little different and want to make every experience custom-tailored to suit you. After reviewing the content above, you should have a basic understanding of the key advantages and disadvantages of buying or leasing a new car. If you have decided that you are ready to lease or buy a new Subaru then check out our inventory of new Subaru's at Lou Fusz Subaru - St. Peters. If you have any questions about the leasing or buying process, please reach out to our sales consultants who are always happy to help at 636-397-2012.