Finance Your Next Subaru Model at Phil Meador Subaru in Pocatello, ID

Figuring out which Subaru model is worthy of your time and money is a straightforward process. When you come to Phil Meador Subaru in Pocatello, ID to evaluate our inventory of new and certified pre-owned Subaru models, members of our sales team will be more than happy to help you pick the trim level and features that support your driving needs. Thanks to our wide variety of Subaru sedans, sport utility vehicles, and performance cars, shopping at our dealership is sure to be an enjoyable experience. After taking a test drive and choosing a model and trim package, the next step is to decide on a payment plan, usually either leasing your vehicle or taking out an auto loan.

Differences Between Subaru Lending and Leasing Programs

The two most common ways of driving off the lot with a new Subaru are automotive loans and lease contracts. As common as borrowing and leasing are, these methods present significant differences between them that can affect the decision-making process.

An automotive loan is a financing arrangement in which you borrow money from a lender, usually a bank, to purchase a car. As a buyer near Rockland, you are typically required to make a down payment and then repay the loan over a set period along with interest. Once the loan is paid off, you get to own your Subaru outright and can keep it for as long as you like because there will be no liens on the title.

Subaru lease programs allow you to essentially rent the vehicle for a term that usually lasts between two to four years. During this time, you will pay a monthly fee to use and drive the car, but your name will not be on the title. At the end of the lease term, you will always have the option to return the model or negotiate a purchase, which could also be financed with a loan at an agreed sales price.

One major difference between Subaru loans and lease programs is the cost. Generally, leasing a car will result in lower monthly payments than financing, as you only pay for how much the vehicle depreciates during the lease term. However, you will not own the car at the end of the lease, so you will not have any equity in the vehicle. In contrast, buying a car with a loan will result in higher monthly payments, but you will own the car once the loan is paid off.

Should You Lease Your Next Subaru?

If you wish to finance a Subaru purchase to get around Chubbuck, our finance department can help you learn more about the terms and conditions of both auto loans and lease programs. Once you have an idea of what type of payment is appropriate for your budget and financial goals, members of our finance team will help you with the paperwork. Our friendly finance professionals will walk you through the various steps of the car loan or lease process and help you find the option that makes sense for your budget.

It is important to note that Subaru often rolls out purchase incentives to prospective buyers. From special discounts to extra features in selected trim packages, you are sure to get the model you want at a price you can fit easily into your lifestyle. When you are ready for a test drive and to discuss financing your next Subaru, please get in touch with our dealership near American Falls.


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Phil Meador Subaru takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.

For all of your finance questions please contact:

Brian Johnston at 208-237-7800 or by email

Phil Meador Subaru

1437 Yellowstone Avenue
Directions Pocatello, ID 83201

  • Sales: 208-237-7800


  • Monday 8:30am - 7:00pm
  • Tuesday 8:30am - 7:00pm
  • Wednesday 8:30am - 7:00pm
  • Thursday 8:30am - 7:00pm
  • Friday 8:30am - 7:00pm
  • Saturday 9:00am - 6:00pm
  • Sunday Closed