FAQ

How do loans and leases differ?

When you take out a loan, all of the money used to pay it off applies to your eventual ownership of the vehicle. The initial down payment and principal on the loan cover the total cost of the purchase. Lease payments, however, apply only to the use of the vehicle. The total sum of payments covers the vehicle's depreciation over the time you drive it and is usually less than the outright price of the vehicle.

When is ownership transferred?

When paid in full, a loan terminates and you assume ownership. Your bank sends you the title that had been held while the loan maintained an outstanding balance. When a lease period ends you forfeit the vehicle to the lessor, unless the lessor offers to sell the vehicle afterwards. During the entire lease period the lessor maintains ownership and simply allows you to use the car. Ownership is only transferred if you chose to buy the vehicle after the lease terminates.

2012 Subaru Forester 2.5X Premium w/All-Weather Pkg in Hartford

Experience driving perfection in the 2012 Subaru Forester!

This is an excellent vehicle at an affordable price! Subaru prioritized fit and finish as evidenced by: heated seats, an overhead console, and the power moon roof opens up the cabin to the natural environment. Under the hood you'll find a 4 cylinder engine with more than 170 horsepower, and all wheel drive keeps this model firmly attached to the road surface.

We'd also be happy to help you arrange financing for your vehicle. Stop by our dealership or give us a call for more information.

2012 Subaru Tribeca Comparison

FAQ

What are the restrictions of driving a "borrowed" vehicle?

Annual mileage restrictions are a major limitation for customers who choose to lease. Lessors want their vehicles returned in saleable low-mileage conditions, so they place mileage caps on them. A typical yearly figure is between 12,000 and 15,000 miles. Beyond the established limit, fees accrue on a per-mileage basis, usually in the range of $0.10 to $0.25 per mile. So if most of your driving is local, leasing makes sense. However, if you consistently tack on 500 or more miles a week, definitely look into a loan.

2012 Subaru Legacy 2.5i Premium w/All-Weather Pkg/Moonroof in Hartford

Load your family into the 2012 Subaru Legacy!

Demonstrating exceptional versatility, affordability and earth friendly maturity! Subaru infused the interior with top shelf amenities, such as: front bucket seats, power door mirrors, and 1-touch window functionality. Under the hood you'll find a 4 cylinder engine with more than 170 horsepower, providing a smooth and predictable driving experience. All wheel drive provides for safe passage, regardless of road or weather conditions.

We pride ourselves on providing excellent customer service. Stop by our dealership or give us a call for more information.

FAQ

Are loans available for used vehicles?

Yes, although they function somewhat differently from new car loans. A down payment of 20 percent or more is often required and the interest rate can be a point or two higher. Understandably, banks are more hesitant to loan money for used car purchases, as they would rather own a newer car if the borrower defaults. However, the market is full of good used vehicles, many of which are created by short term leasing.

FAQ

What are the other virtues of a loan?

Loans are also sensible for those who want to customize their vehicles, plan on keeping their cars for long periods of time and plan to re-sell their vehicles to help recoup the costs of ownership or expenses of additional cars. For those who quickly wear vehicles out, loans may be safer bets as lessors often add "excessive wear" charges if the car is returned with wear over the limits established by the contract.