If I lease a new vehicle, am I getting a better deal than purchasing?
On the surface, leasing may seem like a better deal than purchasing; however, everyone's financial situation is unique. While leasing might fit some budgets, others might prefer to drive the same vehicle for a long time, which eventually leads to no monthly car payment.
What is an APR?
APR stands for annual percentage rate, or the interest rate you pay on a lease or auto loan.
Can you explain residual values?
A residual value is the amount a leased Subaru model is worth at the end of the lease. If you decide to purchase the Subaru car after the lease expires, the residual value is the amount left you will owe.
How is sales tax applied to a lease?
The sales tax is only applicable to the amount the Subaru car or SUV is worth during the lease period, not the full value of the vehicle.
How should I determine what mileage to include in the lease?
If you drive as normal, the average mileage cap of 10,000 miles should be plenty. The good news is that Subaru drivers can purchase more miles if needed.
What is the shortest car lease available?
We offer car leases as short as 24 months.
What if I need to end my lease early?
If you need to end the lease early, there is a penalty. To discuss your options, please call the Bill Kold Jr. Subaru Finance Department at (845)-359-7777.
What happens at the end of my lease?
Assuming the Subaru car is under the allotted miles and in good condition, you can either buy the vehicle or lease a new one!