Weighing the Benefits of Buying with Those of Leasing--Which Auto Financing Solution is the Ideal Fit for You?

Often times, Illinois car shoppers come into Brilliance Subaru looking for us to give them a clear cut answer as to which is the advantageous financing solution--buying or leasing their next new vehicle? Unfortunately, things are never as black-and-white as they may seem, and therefore, we're unable to give a one-size-fits-all answer. What we can say, however, is that depending on your driving preferences and habits, along with your financial standing, there is probably a clear answer as to whether leasing or buying is the right course of action for you--it's simply a matter of assessing your situation and ascertaining what your priorities are when it comes to driving.

Take a look at the most popular benefits of both buying and of leasing, to see if you find yourself being steered in one direction or the other. If not, or if you have any additional questions regarding the differences between buying and leasing, don't hesitate to contact us here at Brilliance Subaru, as one of our team members would be more than happy to further assist you.

Benefits of Buying Your Next New Vehicle from Brilliance Subaru:

  • When all is said and done, you own the vehicle. When leasing, you're technically only "renting" the car in question for a finite period of time, so when the lease comes to maturation, you'll need to return the vehicle to the dealership. Opt to buy, and once you've completed making monthly financing payments, the vehicle is entirely yours to do with it what you want.
  • ...which means you have the freedom to make changes as you see fit. Because the vehicle is all yours when you choose to purchase it, you're free to conduct any customizations or modifications (window tinting, enhanced sound systems, etc), whereas leasing does not allow you this same freedom, because--as previously stated--you will be required to turn in your lease at the end of your contract.
  • Drive wherever, whenever, and however much you please. When you agree to a lease, you sign a contract to say that you will not drive it more than the certain amount of miles specified by the dealer. When you buy, however, there are no restrictions whatsoever as to how many miles you can drive the car each month, so you don't need to worry about incurring additional penalties for excess miles driven.

Benefits of Leasing Your Next New Vehicle from Brilliance Subaru:

  • Drive a newer, nice car more often. In a lease, you're contracting to use the vehicle in question for the first (and obviously, the best) years of its lifespan. When your lease reaches maturation, simply sign on for another lease of an even newer model. Driving a new car this frequently would be next to impossible from a financial standpoint if you were buying each vehicle.
  • Lower monthly payments. If all other variables are the same--the make and model of the vehicle in question and the finance period--leasing will require lower monthly payments than if you were financing the exact same car.
  • Avoid routine maintenance-related headaches. Because leasing allows you to always be driving a new model, you will always be driving a vehicle that's still covered by warranty. On the flip side, at a certain point in your ownership experience, the vehicle you purchased will no longer be covered by the manufacturer's warranty, at which point you will have to pay out of pocket for any and all services and repairs.

Brilliance Subaru

1500 N Randall Rd
Directions Elgin, IL 60123

  • Sales: (224) 281-4300
  • Service: (224) 281-4300
  • Parts: (224) 281-4300

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