Is it better to buy or lease a car?

Nothing is ever black or white, and the same is true for this very common question: purchase or lease a car? Both options have their advantages and disadvantages, but how can you be sure of which option is best for you?

To answer this question, you will have to take the time to evaluate what your real needs are and how big your budget will be. Your Subaru dealer in Montreal, located near Laval, offers you personalized plans that respect your needs and adapt to your budget.

Differences between leasing and buying a car

The obvious difference between leasing and buying is that you don't own a leased vehicle. However, it is possible to purchase the car after the end of the lease. This has many advantages, most notable is the fact that you will know all about the history of the vehicle that you are thinking of purchasing.

Advantages of leasing vs. buying a car

Should you purchase or lease your car? Here are some important points in favour of leasing a car that you should consider before making your choice:

• The ability to drive a new vehicle more often;
• No need to negotiate the price of the vehicle;
• Repairs are usually under warranty;
• You can choose a more expensive and better equipped model;
• Monthly payments are often lower.

There are other advantages to leasing that we haven't mentioned. For example, it could be beneficial to lease if you know that you will have to change your vehicle before long, for example if you are expecting a child and will have to get a minivan. The same is true if your job forces you to live in another country during certain times of the year. Another huge advantage is that if you lease a car you will not have to make a down payment.

Disadvantages of leasing vs. buying a car

In addition to the mileage limit that is often imposed by dealerships, the bottom line is that you will not own the vehicle, and it is certainly possible that you will have to pay for repairs.

So, is it better to purchase or lease a car?

The answer to the question of whether to lease or buy a car will depend on your situation, including your needs, your goals and your lifestyle. If you are one of those drivers that likes to keep the same vehicle for a long time, then clearly the best choice for you is to purchase the vehicle. On the flip side, if you like to change vehicles regularly to experience new models, then leasing is probably the more logical option.

Conclusion

So, is it better to purchase or lease a car? Don't hesitate to contact one of our advisors at Subaru Montreal, located near downtown Montreal and just a few minutes from Laval, and they will be happy to help you decide between buying or leasing your vehicle by taking into account all the specifics of your situation.

Whatever your decision, what is certain is that our Subaru leasing rates, our Subaru financing plans, and our Subaru Canada promotions make it easy to save big on your lease or purchase of your new vehicle!