Subaru

Walker's Renton Subaru

555 SW Grady Way ,
Directions Parts and Service: 519 SW 12th ST
Renton, WA 98057

  • Sales: (888) 355-8202
  • Used Sales : (877) 962-2580
  • Service Direct Line: (888) 469-2125
  • Parts: (888) 419-9730

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Info

Finance Center: Is a Lease Right For Me?

If you have concerns about committing to a new car purchase, have you considered leasing? Leasing is an option that allows you to drive a car or SUV for a set amount of time and return or purchase the vehicle once the time is up. Here are a few advantages to consider:


Access to Newer Models

You have options at the end of your lease–including leasing the latest model or buying the one you've grown to love. If you decide to buy the car at lease-end, you will get a no-hassle preset purchase price.

Lower Monthly Payment

On average, you can expect to pay approximately 40% less each month than you would if you purchased. This is because your monthly payment includes the vehicle's use and expected depreciation only during the lease term, meaning you'll have more cash in your pocket every month.

Sales Tax

You only have to pay tax on the "payment" amount as opposed to the full value of the vehicle.

High Mileage Driver Savings

If you expect to drive more than the designated mileage associated with a lease, you can pre-pay for additional miles for $0.10/mile (or $0.15 at termination) versus the $0.20-$0.30/mile deduction from the value of a trade-in.

GAP Protection Included

In the event of unforeseen loss or damage, GAP protection will help cover the potential financial gap between what your primary insurance company pays in settlement (typically the fair market value or actual cash value of the vehicle at the time of loss) and the balance of your loan to prevent a negative equity position.

Wear and Tear Protection

No matter how well you take care of a vehicle, with age comes some signs of use (aka wear and tear). Our lease program has a $1000 threshold for repairs meaning that you will only be liable for the amount in excess of $1,000 needed to restore the vehicle.

Credit Rating Improvement

Because Leases are usually reported as a total of payments, it could reduce your debt to income ratio and possibly improve one's credit score.

Eliminates depreciation risk

A common concern among car shoppers is that once you purchase and drive off the lot in your new vehicle, it begins to lose value. When you lease, you are only paying for the depreciation of the vehicle as opposed to the total price of the car. In essence, think of a lease as a long term car rental.

Tax benefits

For small business owners, leasing can be a great idea. In most cases, the full payment amount can be used for tax deduction purposes.

If you want to learn more about Lease Options, speak with one of our sales consultants by calling (888) 355-8202, in person or online  .