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At Miller Hill Subaru, our team is here to ensure that when you shop with us, you're able to make an informed buying decision. For our team members, this means considering how you plan on paying for your next vehicle. With this in mind, we encourage you to read on below to learn more about the differences between leasing and financing a new Subaru in Hermantown.
When it comes to shopping for a new car, you have three different options. You could pay for the vehicle in cash, finance it, or lease it. Of these three options, our team members have found that financing and leasing are the most common options among the three. Customers tend to prefer having a monthly payment, rather than paying for a vehicle in a lump sum, and our team is supportive of those who choose to lease or finance the vehicle of their choosing.
While leasing was once looked down upon by many new car shoppers, it's become an attractive prospect as of late. Not only do most leases require a lower down payment, but they also allow for a lower monthly payment too. And to further sweeten the deal of leasing? You'll be able to structure your lease program to reflect your daily driving needs. Not to mention, at the end of your lease, you'll have the option to lease an even newer vehicle.
Of course, there are those that still prefer financing. It is worth noting however, that once you drive your new vehicle out of our showroom, it will immediately lose a portion of its value. When leasing, you avoid this kind of depreciation. Instead, your leased vehicle's value is established from the beginning of your lease, allowing you the opportunity to avoid spending more money than you need to.
Whether you're interested in learning more about the differences between leasing and financing a new Subaru, or are ready to start talking numbers with the team in our Finance Center, we invite you to visit our new Subaru dealership today. Conveniently located in Hermantown, MN, and just around the corner from Duluth, Cloquet, and Proctor, we look forward to welcoming you in to our showroom soon.