Should I Buy Or Lease a Car?

If you’re looking for a high-powered new ride in the Pittsburgh area, you’ve come to the right place! At Subaru of South Hills, we pride ourselves on a wide variety of top-quality Subaru vehicles in all shapes and sizes, designed to cater to all types of budgets and driving needs. Whether you’re running local errands, heading out on a road trip, or even tackling new terrain with an off-road adventure, we’re sure you can find something to love! The first question we get a lot from prospective drivers is “should I buy or lease a car?” There’s no one right answer to this question, since it all depends on your circumstances. If you’re having trouble deciding whether leasing vs. buying works better for you, check out the guide below from the finance team at Subaru of South Hills!

Leasing vs. Buying: Cost Comparison

• Leasing: If you want to keep up with the latest models and you don’t mind making monthly payments in the long term, leasing is probably a better option. You’ll also mostly keep the same maintenance and service costs, whereas servicing a car you buy may be more expensive as it becomes older.
• Buying: Buying a car gives you total financial freedom once it’s paid off, or if you buy it outright from the dealership. Once you either buy it or finish paying it off, it’s yours! This is a better choice for drivers who want to keep their vehicle for a long time rather than upgrading after a few years.

Leasing vs. Buying: Mileage Restrictions

• Leasing: Lease agreements come with restrictions for mileage, meaning that if you exceed a certain number of miles during your lease, you’ll have to pay a fine.
• Buying: When you buy a vehicle, it belongs to you–there are no rules or restrictions to stick to!

Leasing vs. Buying: Customization

• Leasing: Most lease agreements also include restrictions on customizations and alterations, since the dealership owns the vehicle. You won’t be able to change the color, add accessories, or make any other significant changes.
• Buying: Just as with mileage, there are no restrictions for customization if you own your vehicle outright–unless it voids your warranty.

Leasing vs. Buying: Flexibility

• Leasing: Whether you’re leasing or buying your next Bethel Park-area ride, we strive to make the process as stress-free as possible! We offer a wide variety of options when your lease is up, including upgrading to a newer model year, buying out the lease, or finding something else in our lineup.
• Buying: Buying or financing a vehicle also comes with plenty of flexibility. You may be able to sell your vehicle back to us before it’s fully paid off, as long as the vehicle’s current value is more than you currently owe.

Explore Your Finance Options at Subaru of South Hills

If you still have questions about buying or leasing your next vehicle, feel free to contact our office! You can also stop by our dealership near Canonsburg to talk to a member of our finance team in person, and we’ll be happy to help you. If you’ve made up your mind and want to look ahead to the buying process, you can apply for financing on our website!