Lease vs. Financing

Explore The Pros And Cons Of Leasing Versus Financing

When you've found the perfect new vehicle, you'll most likely have two financial options: lease or loan. Both of these selections are viable, with plenty of benefits to either one, but deciding between the two can be difficult. We, here at Metric Subaru, have created a list of leasing and financing pros and cons to help you reach your personal decision.



Leasing is a good option for those that want to drive the latest and most popular Subaru models, such as the Subaru Forester, Impreza, Outback, or WRX. A lease requires a monthly payment for a set amount of time, usually three years, with the option of either choosing a new vehicle to lease, purchasing the leased vehicle, or maybe even continuing the current lease, depending on the situation surrounding your leasing contract. Leasing a new car does come with its fair share of perks as well as some negatives.

Leasing Pros

  • Lower Payment Options - Many times, a monthly lease payment will be less than a financing one. You'll also find most leases requires a low or no down payment, taxes may be lower, and you could afford a higher trim level for the same amount as a lower trim's loan.
  • Newest And Latest Features - Because you will always be driving a newer model, you'll have the latest technology, most up-to-date safety features, and most impressive interior amenities.
  • Hassel-Free Maintenance - Depending on your leasing terms, you'll have the vehicle during its warranty covered years. These warranties will cover the powertrain and limited warranty features and some even include free oil changes and other routine maintenance options.

Leasing Cons

  • Long Term Financing - Over the long-run, a lease will cost you more money than a loan due to the fact you're always driving a depreciating vehicle.
  • Possible Fees - There are many fees that may occur, which will cost you extra money at the end of your lease. These fees could include: going over your set number of miles, excess wear-and-tear, early lease termination, and much more.
  • You Don't Own The Car - While the car is yours, for the length of your term, you won't be able to make any changes to it, such as window tinting, color changes, or interior additions, and can't trade it in for a new model before the lease is up (without paying the additional fee).


Financing is a good option for those that love to own their vehicle until the wheels fall off. In the beginning your monthly payment will most likely be higher than a lease, but, after a while, you won't have a payment anymore and will own your car outright. Here's a few other pluses and minuses that a loan will bring.

Financing Pros

  • You Own The Vehicle - This means that you can do whatever you want, whenever you want, to your car, truck, SUV, or van. Want to add on a spoiler? Go for it, the car is yours!
  • Long Term Financing - There is nothing like owning a vehicle that you don't owe payments on anymore. After your loan is paid off, the vehicle is yours, payment free. In the long-run, a loan is less expensive than a lease.
  • No Fees - Want to take a long road trip? Are you a magnet for parking lot shopping carts? Did your kids put stickers all over the rear windows? Don't worry about paying extra leasing fees for going over your miles, excess wear-and-tear, or anything else.

Financing Cons

  • Upfront Costs - Most loans require a hefty down payment and the monthly payments are more expensive, along with taxes, registration, and insurance.
  • Expiring Warranties - After the new car warranties are up, maintenance and repairs are all on you.
  • Selling Hassles - If you ever want to sell your vehicle, you will have to handle all of the haggling, paperwork, and struggle that comes with it.

The Choice is Yours

If you'd like us, here at Metric Subaru, to help you decide between your leasing and loaning options, feel free to contact us or stop by our Huntington, NY, dealership.

Metric Subaru

1767 E Jericho Tpke
Directions Huntington, NY 11743

  • Sales: (631)499-6777
  • Service: (631)499-6777
  • Parts: (631)858-0316


  • Monday 09:30am - 08:00pm
  • Tuesday 09:30am - 08:00pm
  • Wednesday 09:30am - 08:00pm
  • Thursday 09:30am - 07:00pm
  • Friday 09:30am - 07:00pm
  • Saturday 09:30am - 05:00pm
  • Sunday 11:00am - 04:00pm
  1. Metric Subaru

    1767 E Jericho Tpke
    Huntington, NY 11743

    • Sales: (631)499-6777
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