Car Payment Calculator with Trade-In Owed: What You Need to Know

Are you considering leasing a new Subaru Solterra? Now through January 2, 2024, you can take advantage of 0% APR Financing for 72 months on a new 2023 model. But before making your decision, it's essential to understand the ins and outs of car leases.

A lease allows you to use a new car for a set period, typically two or three years, in exchange for monthly payments. At the end of the lease, you can return the vehicle and lease another new Subaru or buy the one you've grown attached to. This option offers several benefits, including:

* Lower monthly lease payments compared to loan payments

* No mileage limit, which is especially important if you drive more than 12,000 to 15,000 miles per year

* The ability to modify or repaint the car, or install custom equipment, as you see fit

But what about trade-in value? If you have an old vehicle that you'd like to trade in for your new Solterra, you can use its value to lower your monthly payments. Subaru's preferred lender offers a $7,500 incentive for leasing a new 2023 Solterra model, which can be used to reduce your lease payment.

Another advantage of leasing is the manufacturer's warranty coverage. Most repairs are typically covered during the warranty period, which can provide peace of mind for drivers who may not want to worry about maintenance costs.

When deciding between leasing and buying, consider the following:

* Leasing allows you to enjoy a new car more frequently, without the long-term commitment of owning it

* You'll have options at the end of your lease period - return the vehicle and lease another new Subaru or buy the one you've grown attached to

* Monthly lease payments are usually lower than monthly loan payments for the same term

Ultimately, leasing a new Subaru Solterra can be a great way to enjoy the benefits of driving a new car without the long-term financial commitment. With 0% APR Financing available through January 2, 2024, now is an excellent time to take advantage of this offer.

Car payment calculator with trade in owed