Lease a Subaru in Fort Worth, TX
Do you want to drive the latest Subaru model without paying the full purchase price? Leasing puts you behind the wheel of the most innovative vehicles, all for an affordable monthly payment. When one lease is up, you can swap your vehicle for an even newer model without having to worry about selling or trading the old car. Leasing a Subaru is also a viable financial option since the monthly payments and down payments of a lease are usually lower than payments involved in purchasing a new vehicle.
Leasing a car is just like renting a car for a long period of time. Many drivers decide to lease a car to save money or test out a luxury car. If you’re thinking about leasing a car, we can tell you everything you need to know about the process. Plus, our finance center stands at the ready to help you with whatever your auto goals are. Read on to explore the leasing center at Hiley Subaru of Fort Worth.
What Is Leasing a Car?
Leasing a car is the process of renting a vehicle for a long-term period. When you lease a car from a dealership, you agree to provide the lender with monthly payments for the vehicle. In the beginning, while you don’t need to make a down payment like when you’re purchasing a car, you do usually pay the first month’s payment, a security deposit, and other fees and taxes upfront. You can typically lease a car for two to three years. However, there are longer lease terms available. The longer the lease, the lower the monthly payment. After the lease period ends, you return the vehicle to the dealership. You can then decide if you want to start a new lease, purchase a car, or leave without a vehicle. Many lease contracts feature the option to buy the car you leased at a previously agreed-upon price after the lease period finishes. The formula for this buyout price involves the extent to which the car will depreciate over the lease term. Leasing a vehicle is a great way to borrow a car for a temporary period without committing to purchasing it.What Is Buying a Car?
Instead of leasing a car, you could purchase the car. How does this process work? Since most people usually don’t have $30,000 in cash lying around, purchasing a car usually involves financing. Financing is the process of borrowing money or taking out a loan to pay for a car upfront. You then pay the lender back in monthly payments over time. You’re also responsible for paying interest and fees. After a certain period, you own the car outright. If you fail to make the payments on the vehicle, the lender may repossess your car.Is Buying or Leasing Right for You?
Consider whether buying or leasing is right for you. While buying is a popular option, leasing a car comes with many benefits, including:- When you lease a car, you don’t usually have to pay a down payment, although some money will likely be due upfront to cover certain costs. This means you can access a car without having to pay a hefty amount of money.
- Because leasing a car is temporary, it’s a great way to see if you like a certain make and model. Leasing the car for two to three years allows you to test out that brand and see its long-term durability.
- Because leasing a car can have lower monthly payments than buying a car, you may be able to lease a luxury car. This allows you to drive around your dream car without breaking the bank.
- The manufacturer’s warranty usually covers mechanical repairs to the vehicle, as many lease terms are short. When reviewing your lease agreement, review the warranty and maintenance information to understand what benefits you may have.
How To Lease or Buy a Car in Fort Worth, TX
Whether you want to lease or purchase a car from a dealership, here are the steps to doing so:Choose a Vehicle
Of course, the first step to buying or leasing a car is choosing the make and model for the vehicle you want. Consider browsing our huge inventory of new vehicles to check out various Subaru options. Here are some popular models that may interest you:- Ascent
- Outback
- Forester
- Crosstrek
- Legacy
- Impreza
- WRX
- BRZ