Subaru Lease Return Center Philadelphia

Unlike financing, where you borrow money from a financial institution to cover the expenses of a new vehicle and gradually repay it, leasing involves borrowing the vehicle from the dealership and making monthly payments for its use. Subaru leases offer flexible terms to allow drivers to customize their lease agreement to meet their needs. For example, most Subaru lease terms come with mileage limits of 10,000, 12,000, or 15,000 miles, depending on the driver's specific needs. However, customers can customize the mileage limit up to 30,000 miles. Leasing a new Subaru vehicle automatically includes Guaranteed Asset Protection (commonly known as gap insurance), which provides protection in unforeseen circumstances. The cost of this insurance is conveniently bundled into your monthly payment. Compared to financing, leasing often results in lower monthly payments since you are essentially paying for the vehicle's depreciation rather than its entire cost. Additionally, leasing typically requires a minimal or no down payment, and if a down payment is necessary, it is usually much lower than what is required for financing. This makes leasing particularly advantageous for individuals with shorter commutes and those who enjoy driving a new vehicle every few years.

When you reach the end of your lease, you'll have four options to consider. The first and most popular option is to return your current lease and either upgrade to a newer model or explore a completely different one. To ensure a seamless transition, Subaru provides assistance in arranging a pre-inspection and even waives the disposition fee. Additionally, they offer enticing incentives for repeat lessees, which our dedicated sales team at Reedman-Toll Subaru of Exton can provide more information about. The second option is to return your lease and opt to purchase a new vehicle instead. Rather than entering into another lease agreement, you can choose to finance the acquisition of a new vehicle. Your third option is to extend your lease. If you need more time with the vehicle to figure out your next steps, you can extend your lease for an additional six months. The last option is to buy out your lease. This involves either paying off the remaining balance of the vehicle's value or securing financing for the purchase. This option is well-suited for drivers who have developed a strong attachment to their current lease and are hesitant to part ways.

To ensure a smooth and stress-free lease-end process, careful planning is essential. As the lease-end date draws near, typically around three months in advance, it's crucial to begin considering your next steps. This involves deciding whether to buy out the lease, enter into a new lease agreement, or purchase a brand-new vehicle. With approximately two months remaining on your lease, it's advisable to start making the necessary preparations for the return. One proactive step is to schedule a prereturn inspection for your leased vehicle to ensure it meets the required standards for lease-end quality. Our team is available to assist you in arranging this inspection. To help you prepare for the assessment and anticipate any potential damages, Subaru offers valuable resources such as the Wear and Use Guide. As you approach the one-month mark before the return date, it's time to begin contemplating your next vehicle. Whether you're interested in upgrading to a newer model of your current lease or exploring a completely different vehicle, the decision is entirely up to you.

As your lease agreement nears its conclusion, you'll be faced with several important decisions. At Reedman-Toll Subaru of Exton, we prioritize delivering a seamless and stress-free lease-end experience for you. To assist you in preparing for the end of your lease, we highly recommend reaching out to our dedicated sales team or visiting our physical location. If you're in the market for a new Subaru to fulfill your leasing needs, we take pride in offering an extensive selection of Subaru models in our new inventory. All of these models are available for exploration on our website, providing you with a convenient browsing and shopping experience. Alternatively, you can choose to visit our store and personally find the perfect Subaru that aligns with your requirements.