Is Auto Leasing or a Car Loan Best for You?


When it comes to answering whether you should decide to loan or lease a vehicle, one of the largest determining factors is figuring out both your short-term and long-term financial plan. If you're in the Oneonta and are mostly interested in having a small down payment and low monthly payments, then maybe leasing is the right choice. If you want to work toward ownership, then maybe a loan is better.

Of course, there are a lot more factors to consider, and that's why we are here. You don't need to visit every financing organization in the Utica area since we offer affordable financing here at Benedict Subaru. Our team of expert finance is used to working with all types of budgets and credit to find our customers affordable financing that they feel confident in.

Just to get you in the ballpark, let's run through some of the benefits of both loaning and leasing.



As stated before, leasing is great for saving you money in the short-term with low monthly payments and reasonable priced down payments. However, some folks in the Cortland area swear by leasing because it suits their lifestyle best. Some of the benefits that come with leasing include:

  • More Features: Since you will be paying less than you would for a loan, in monthly payments and down payments, you can use that saved money to lease a vehicle with more features or a higher trim level.
  • Easy Trading In: At the end of your leasing term, you won't have to worry about finding a buyer or haggling. After paying any end of term fees, just drop off the car and find a new one.


Binghamton drivers that take out a loan are playing the long game. Monthly payments and down payments will be higher since you are paying off the entire price rather than just paying for the depreciation and use of the vehicle. However, once you pay off the loan, it's yours. No more monthly payments. And since you are working towards ownership, you won't need to worry about putting too many miles on the vehicle.

Also, once you have paid off the loan, you can use the value of the vehicle to go towards your next vehicle. This can save a considerable amount of money for your next purchase.


Whether it sounds like loaning or leasing works best for your lifestyle, our team here at Norwich is prepared to help you every step of the way. Contact us to learn more about both options and what financing opportunities are available for our new models. We look forward to hearing from you!

Categories: finance
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