Is it Cheaper to Lease or Buy a Subaru? A Detailed Analysis of Your Options

If you’re looking to purchase a Subaru, one of the most crucial decisions you’ll have to make is whether to lease or buy. Both options come with their advantages and disadvantages. However, one factor that will heavily influence your choice is cost. The burning question is, which option is more cost-effective? In this article, we will conduct a detailed analysis of leasing vs buying a Subaru so that you can make an informed decision.

Leasing a Subaru

When you lease a car, you’re essentially renting it for a set period of time. You’ll be required to make monthly payments for the duration of the lease. The monthly payment is based on factors such as the vehicle’s residual value, the agreed-upon mileage allowance, and the interest rate. Most lease agreements are for 36 months, but you can find leases of varying lengths.

How much does it cost to lease a Subaru?

The cost of leasing a Subaru will vary depending on the model you choose, your credit score, and the length of the lease. Typically, the monthly lease payment for a Subaru will be lower than the monthly payment for buying the same car. However, when you add up all the payments you make during the lease period, the cost may be higher than buying a Subaru.

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When you lease a car, you’ll also have to pay for insurance, registration fees, and taxes. You may also face additional charges at the end of the lease if you go over the agreed-upon mileage limit or if there’s any damage to the car.

Pros of leasing a Subaru

  • Lower monthly payments
  • Access to the latest models with the latest features
  • Fewer maintenance costs as the car is usually still under warranty

Cons of leasing a Subaru

  • You don’t own the car, and you’ll need to return it at the end of the lease
  • Mileage restrictions can be limiting, and you could face extra fees if you exceed them
  • No equity is built up, and you won’t have anything to show for your payments at the end of the lease

Buying a Subaru

When you buy a car, you are purchasing it outright, and you will own it after paying off any loans or financing. You’ll make monthly payments, but these payments will go towards paying off the total cost of the car, and interest charges will accrue over time. Once you pay off the loan, you’ll own the car free and clear.

How much does it cost to buy a Subaru?

The cost of buying a Subaru will depend on several factors, including the model you choose, the interest rate, and how much you put down. Generally, buying a car will cost more upfront, leading to higher monthly payments compared to leasing. However, once you pay off the car, your monthly expenses will only be the costs related to maintenance and insurance expenses.

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Pros of buying a Subaru

  • You own the car
  • No mileage restrictions
  • More freedom to customize or modify the vehicle
  • Ability to sell the car later on

Cons of buying a Subaru

  • The upfront costs can be significant, which may require financing or a large amount of cash
  • Maintenance can be more expensive as the car gets older
  • The value of the car depreciates over time

Which option is more cost-effective?

When considering whether to lease or buy a Subaru, the total cost of ownership should be a major consideration. Based on our calculations and market trends, Buying a Subaru leads to long-term savings. However, if you prefer to switch cars every couple of years and want lower initial monthly payments, leasing might be a better option.

It is also essential to note that the maintenance and insurance costs differ considerably between the two options. If you lease a Subaru, the vehicle is almost always covered by a warranty, meaning that most maintenance costs may not be your responsibility. However, if you own the car, you will have to cover maintenance expenses after the warranty has expired.


Leasing and buying a car both have their pros and cons, and the best choice depends on your individual circumstances and preferences. Ultimately, the choice between leasing and buying a Subaru comes down to your financial goals, lifestyle, and preferences. To be sure about the option that suits you best, calculate and compare the total cost of ownership over time, including all the associated costs. By doing so, you can make an informed decision and choose the option that will save you money in the long run.

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What credit score is needed to lease a Subaru?

To lease a Subaru, you typically need a credit score of at least 700. However, you might be able to get approved with a lower score.

Is it better to lease or buy a car?

It depends on your financial situation, driving needs, and preferences. Leasing a car could be the better option for someone who likes to drive a new car every few years and wants lower monthly payments. Buying a car, on the other hand, may be the better option for someone who wants to own the car and drive it for an extended period.

Can you negotiate the price of a leased car?

Yes. Just like when you’re buying a car, you can negotiate the price of a leased car. Negotiating can help to reduce the total cost of leasing the vehicle.

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Joseph Weaver

With a background in engineering and a passion for cars, Joseph brings a unique perspective to our blog. He's particularly interested in the technology and innovation behind Subaru's advanced safety features, and his articles on this topic are always insightful and informative. When he's not writing, he enjoys playing video games and spending time with his family.

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