Frequently Asked Financing Questions & Answers

It is safe to say that many Covington drivers are not auto financing experts and don't look forward to the last step in the car buying process. Which is understandable, the paperwork is tedious and full of confusing language, crunching numbers isn't fun either, and deciding whether you want to lease or financing your next Subaru. Here at Joseph Subaru of Florence, we want to make the auto financing process as easy as possible for Cincinnati drivers by answering a number of frequently asked questions regarding leasing and financing.

  • What happens at the end of a lease? Generally, leasing a vehicle is only 2-3 years and at the end of that time period your Subaru will be returned to Joseph Subaru of Florence.
  • Does leasing affect your credit score? Leasing a vehicle is not the same as owning a vehicle and less debt will appear on your credit report since you are not responsible for the full value of the Subaru. When the lease ends and the Subaru returns to the dealership the pending value won't be on your credit report. Your credit report will show that you successfully met your leasing agreement. Leasing a vehicle can actually boost your credit score quicker than buying a car because the term of the lease is shorter.
  • What kind of end of lease options do I have? There are two main end of lease options for Fort Thomas drivers to choose. The first option is to easily transition from one lease into a new one. This allows you to keep driving around with some of the latest technology Subaru has to offer. The second is to extend the lease on your current Subaru. Or if you have really become attached to your Forester or Impreza you can buy the Subaru outright.
  • Are there fees at the end of the lease? When you lease a Subaru there are a few things that need to be met at the end of the lease. If you are over the mileage for the year you will need to pay for however many miles you have gone over. There are also fees for excessive damage to the leased Subaru that goes above the general wear and tear of owning a sedan or SUV.
  • What are the advantages of leasing? There is a number of advantages for Florence, KY drivers to lease a new Subaru. One of the biggest advantages to leasing a new Subaru is that you can get behind the wheel of a more expensive trim level of the Crosstrek or WRX that would not have been within your budget if you were financing. Leasing also allows you the ability to get into a new Subaru every 2-3 years and covers many of the maintenance costs.
  • Will I still have to apply for credit approval? Yes, you will need to apply for credit to lease a new Outback or Legacy. Our credit application is online to give Fort Mitchell drivers the convenience and comfort of applying for credit from home on their own time. This will alleviate pressure and the need to rush that sitting in the dealership can sometimes bring.

If you have any further questions about leasing or financing your next Subaru from Joseph Subaru of Florence please don't hesitate to give our team a call. Or swing by our dealership today and meet with our financing experts who will walk you through every step of the process.

Joseph Subaru of Florence

7600 Industrial Rd
Directions Florence, KY 41042

  • Call or Text Sales: (859) 938-0100
  • Service: (859) 938-0100
  • Parts: (859) 371-1600

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