Benefits of Buying vs Leasing

Buying Vs Leasing: Making an Informed Decision for Your Next Vehicle - Benefits Explained

When it comes to acquiring a new vehicle, there are two primary options to consider: buying or leasing. Each approach offers distinct advantages, and understanding the benefits of both can help you make an informed decision based on your individual circumstances and preferences. Get Pre-Qualified for Auto Financing at Southern Oregon Subaru in Medford, OR.

Benefits of Buying

  • Ownership: One of the key advantages of buying a vehicle is that you become the outright owner. Once you complete your payments, you have full ownership rights, and you can keep the car for as long as you desire.
  • Long-term Value: Buying a car allows you to build equity over time. As you make payments and the loan balance decreases, the vehicle retains its value, and you can sell or trade it in the future.
  • Customization: Ownership grants you the freedom to personalize and modify your vehicle according to your preferences. You can add aftermarket accessories, upgrade the interior, or make any changes you desire.
  • No Mileage Restrictions: When you buy a car, you don't have to worry about exceeding mileage limits. You can drive as much as you want around Ashland and Medford without incurring additional charges or penalties.
  • Cost Savings in the Long Run: While monthly loan payments may be higher than lease payments, in the long run, buying a car tends to be more cost-effective. Once the loan is paid off, you no longer have monthly payments, and you can enjoy the benefits of a vehicle without any financial obligations.

    • Benefits of Leasing

  • Lower Monthly Payments: Lease payments are typically lower than loan payments, making leasing an attractive option for those on a tight budget. This allows you to drive a newer, higher-end vehicle for a lower monthly cost.
  • Warranty Coverage: Most lease agreements coincide with the manufacturer's warranty, meaning that repairs and maintenance costs are often covered. This can save you money on unexpected repairs.
  • Access to Newer Models: Leasing provides the opportunity to drive the latest models with the newest features and technology. It allows you to enjoy the benefits of a brand-new vehicle without a long-term commitment.
  • Flexibility: Leasing offers flexibility at the end of the lease term. You can choose to return the vehicle and lease a new one, extend the lease, or even have the option to purchase the vehicle if you decide you want to keep it.
  • Reduced Hassle: When the lease term ends, you don't have to worry about selling or trading in the vehicle. Simply return it to us near Grants Pass and Central Point and explore your options for a new lease.

    • Talk with a Finance Expert Today

    Ultimately, the decision between buying and leasing depends on your preferences, financial situation, and long-term goals. Consider your priorities and evaluate the benefits of each option to determine which one aligns best with your needs. Our knowledgeable staff at Southern Oregon Subaru in Medford, Oregon is here to help you explore your options and make an informed decision that suits you best.


    Southern Oregon Subaru

    3103 Biddle Rd
    Directions Medford, OR 97504

    • Sales: 541-238-9784
    • Service: 541-238-9784
    • Parts: 541-238-9784

    Hours

    • Monday 8:00 AM - 7:00 PM
    • Tuesday 8:00 AM - 7:00 PM
    • Wednesday 8:00 AM - 7:00 PM
    • Thursday 8:00 AM - 7:00 PM
    • Friday 8:00 AM - 7:00 PM
    • Saturday 8:00 AM - 7:00 PM
    • Sunday 10:00 AM - 7:00 PM