Buy vs Lease near Aurora, IL
Have you recently been in the market and are looking to obtain a vehicle? Then you may have come across that many would-be drivers face, that being whether to finance or lease. We at Gerald Subaru of North Aurora would like to guide you on the right path, so continue reading!
Leasing
If you’re looking for something that requires less monetary commitment, you’ll want to consider springing for a leasing contract. These agreements typically last for around two to four years, and consist of you making monthly installments toward the average depreciation rate of the car you have chosen. This rate is typically lower than it would be if you had chosen to purchase the car. However, you do not technically own the vehicle and will have to adhere to a mileage limit, usually somewhere between 10,000 to 15,000 miles. But if you’re the type of casual driver who doesn’t plan on making any long distance journeys outside Aurora in the near future, a leasing contract for you.
Financing
Electing to finance a model is a big decision, and our Finance Department will attest to that. Because of this, they’ll also be sure to assist you in every step of the way. For starters, the monthly payments you make will be toward the total sticker price of the model, and you will be affording it over the course of four to seven years. This makes it somewhat of a time and money investment, so know that you will be in for the long haul when you opt for this deal. However, the boons that accompany this are big, as you will one day become the full owner and will be able to make any physical adjustments you please. Not to mention, you won’t have to worry about making any more payments and can drive along West Illinois Avenue stress free.
What’s Best For You?
Knowing which plan is best for you is a difficult outcome to measure, as each of which are conducive to certain circumstances. For example, if you only plan on making a few trips to Randall Park every so often, then the mileage limit of a leasing contract shouldn’t cause you much trouble. But if you plan exceeding this, then this is a hassle you may want to avoid through a purchasing agreement. Be sure to take your finances into account, as what you are currently able to afford can play a big role in which one you choose. For more information about these individual plans, get in touch with us today!
Leasing:
Financing:
- Paying toward the average depreciation rate
- Lasts two to four years
- Essentially renting the car
- Affording portions of the total sticker price each month
- Lasts four to seven years
- Leads to eventual ownership
Dealership Information
Testimonials
Super friendly and knowledgeable staff
All around great atmosphere
“ All around great atmosphere and service - I will be back! ”
Staff was courteous
“ Staff was courteous and did the job quickly and efficiently! ”
Quick and easy visit
“ Quick and easy visit. Service advisor kept me updated on what services were being done. Comfortable waiting area. ”
Stellar customer service as always!!
“ Stellar customer service as always!! George in Parts, and Martin, Jerry, and Steven in Service took great care of us in replacing a flat tire. The efficiency, professionalism, and courtesy shown by all departments at this dealership make it a standout. Their employees take pride in their quality product and it shows. They go out of their way to make sure their customers are happy. ”
Always exceptional service
“ Always exceptional service. Daniel and Mike were great to work with! ”
Always pleased with the service
“ Always pleased with the service and the great costumer service from all employees. Satisfaction guaranteed every time I go for any service. Appreciate immensely how everyone works here and that this is a place you can trust with confidence, thanks a lot!! ”
I don't trust anyone else to service my car!
“ My family has been buying cars from the Gerald Auto Group since the mid-90's and our cars are always serviced with the location at which they were purchased. That having been said, my recent service call with David Gonzales was very positive, although the news I received was not. Due to poor alignment, my tires wore unevenly so that they could not be rotated as I had requested. David brought out quotes for new tires (they don't carry the suggested tire in stock - not surprisingly, nobody does!) and was very helpful with additional places to purchase new ones. I'll be back for the service department to re-align my 2010 Legacy once I've gotten new tires. (Yes, I'm on a budget, so I'll do some online shopping before I order those pricey new shoes!) These guys always do the best work, and I feel confident that the work is done right the first time. I don't trust anyone else to service my car! ”
Excellent service
“ Excellent service. They listen and no high pressure sales. My "Bubba the Outback" gets taken care of. Excellent staff, always nice. ”
I'm excited to be in the Subaru family, and the Gerald family
“ Today I had the pleasure of purchasing a used Subaru Legacy from Gerald with the assistance of Nichole, as well as Devin. Some of the best practices they apply to customer experience is second to none - when you walk in their showroom every staff member greets you and makes it a point to ensure you feel welcomed. They display and truly embodie a team approach to making sure you are in the best hands. Thanks for all of the water, as well as good food options. If you are looking for a new or used Subaru, place your trust in these folks, they will work to get you what you want and will make it an enjoyable and informative experience from start to finish. I'm excited to be in the Subaru family, and the Gerald family. These folks truly care, and it shows from the moment you arrive on their lot. ”
i would recommend 10/10 to anyone looking for a car.
“ i had an amazing experience at the dealership i ended up getting my dream car and the sales person was amazing Denzel was awesome i would recommend 10/10 to anyone looking for a car. any questions i had he answered them perfectly it was awesome ”
Michael Berry was excellent.
“ Michael Berry was excellent. He kept me totally up dated on all aspects of my car service appointment. He is an outstanding communicater and I would rate him a 10. ”
The service team is knowledgeable and courteous.
“ The service team is knowledgeable and courteous. The representative even walked me to the car and opened my door for me. I have been searching for my car following service at other dealerships. I also enjoy the hot tea and snacks. : ) ”
Everything went smoothly and efficiently.
“ I dealt with Michael Barry. Went in for my 10k service. Everything went smoothly and efficiently. ”
I was truly glad to have purchased a Subaru.
“ Mark Jillich squeezed me into the schedule to take a look at a used vehicle I had purchased. He gave me peace of mind by explaining the details of the visit thoroughly. After visiting, I was truly glad to have purchased a Subaru. ”
“ Super friendly and knowledgeable staff. As a woman I find that no one talks down to me or makes me feel like an idiot when I bring my car in for an issue. Great coffee, nice atmosphere and pet friendly. Had adoptable dogs on site on day of appt.. doesn't get any better than that! ”