Auto Financing at Royal Subaru

Leasing and Financing at Royal Subaru: Which Option is Right for You in Cortland, NY?

Are you looking for a new vehicle to drive in Ithica, NY? When you visit Royal Subaru, you can find plenty of exciting Subaru models, one of which might be ideal for you. Once you pick your vehicle, you can contact our Finance Center. Our team of finance experts can work with you to set up a payment plan, which typically means financing or leasing your vehicle. But which option is right for you? Here is how these payment options compare, so you can make an informed decision.

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Financing or Leasing? We Can Help You Choose

Financing and leasing are the two most common payment methods for new vehicles, including popular Subaru models like the Ascent, Outback, and Forester. When you finance a vehicle, you take out a loan to pay for it right away. You then pay back the loan over a set period of time with interest added. Once the loan is paid off, the vehicle belongs to you.

When you lease a vehicle, you make monthly payments to the dealership for the duration of the lease agreement. When the lease ends, you can return the vehicle, buy it, or trade it in for a new model to lease.

The Pros and Cons of Financing

Financing your vehicle puts you on a path to car ownership without having to pay the full cost out of pocket. Owning your car offers plenty of benefits. When you own your vehicle, you can make any modifications you want. Do you want to install a specialized roof rack, or a unique muffler? Do you want to have your vehicle repainted, or add a custom-made audio system? When you own your vehicle, aftermarket modifications are limited only by what you want. When you finance a vehicle, you can also drive all you want without worrying about mileage limits.

However, some customers might prefer not to have to take out a loan to drive a new vehicle. If this applies to you, then leasing might be your preferred option.

The Pros and Cons of Leasing

Leasing lets you drive a brand-new Subaru vehicle without having to take out a loan. Leasing also provides plenty of flexibility once your contract runs out. Many customers like having a few years to decide if they want to return, trade, or buy their leased vehicle. If you choose to trade in your vehicle at the end of the lease, you can enjoy driving a brand-new Subaru with the latest features every few years. Plus, leasing gives you the option to buy your vehicle at the end of the lease. Some customers who want to buy a Subaru choose to lease one first and finalize their decision later.

While leasing has lower upfront costs than financing, it can cost more to lease your vehicle over time. When you lease a vehicle, you have to stay under mileage limits, and pay fees if you go over them. You also can't make modifications to a leased vehicle.

The Royal Subaru Finance Center Difference

At the Royal Subaru Finance Center, our dedicated team of finance experts want more than simply to sell you a car. We want to help you make the best payment decision for your budget and lifestyle. We are ready to answer any questions you have about leasing and financing a vehicle from our inventory. They can also guide you through important steps like applying for financing online and valuing your trade.

Learn More About Your Payment Options Today

Are you ready to find out which payment method for a new Subaru vehicle is right for you in Syracuse? Then visit Royal Subaru, browse our new inventory, and take a new model for a test drive. Then, visit our Finance Center to learn all you need to know about financing and leasing. To schedule your test drive, contact us today.

Frequently Asked Questions

What's better, buying or leasing?

This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.

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  1. Royal Subaru

    3901 Route 281
    Cortland, NY 13045

    • Sales: (607) 753-9774
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Get in Touch

  • Contact our Sales Department at: (607) 753-9774
  • Monday8:00am - 7:00pm
  • Tuesday8:00am - 7:00pm
  • Wednesday8:00am - 7:00pm
  • Thursday8:00am - 7:00pm
  • Friday8:00am - 6:00pm
  • Saturday8:00am - 3:00pm
  • SundayClosed