Close How to Lease a Subaru in Indianapolis, IN
When you would like a factory-fresh Subaru vehicle for your Indianapolis travels, consider a leasing plan! This route often is more affordable than financing, allowing you to save on funds. For more information, we at Speedway Subaru have put together this detailed overview.
Understanding the Lease Process
Leasing a car works differently than financing a purchase, and knowing what to expect at each step makes the process much more manageable. When you lease, you are essentially paying for the portion of the vehicle's value you use over the lease term, rather than paying for the entire vehicle. That distinction shapes everything about how a lease is structured.
How the Numbers Work
Three figures drive your monthly lease payment. The first is the capitalized cost, which is the agreed-upon price of the vehicle. Negotiating this number down has the same effect it would in a purchase — a lower cap cost means lower monthly payments. The second figure is the residual value, which is the projected worth of the vehicle at the end of the lease term. A higher residual value works in your favor because you are financing a smaller gap between the cap cost and what the car will be worth when you return it. The third figure is the money factor, which functions similarly to an interest rate on a traditional loan. Multiplying the money factor by 2,400 gives you a rough equivalent annual percentage rate, which can help you compare offers.
What You Pay Upfront
At signing, you will typically pay a security deposit, the first month's payment, acquisition fees, and any applicable taxes and registration costs. Some lessees choose to make a larger down payment, called a capitalized cost reduction, to bring monthly payments down. It is worth noting that putting a large sum down on a lease carries more risk than on a purchase — if the vehicle is totaled early in the term, that money does not come back to you.
Mileage and Wear
Every lease comes with an annual mileage allowance, commonly set at 10,000, 12,000, or 15,000 miles per year. Driving beyond that on your I-70 rides allowance results in per-mile charges at the end of the lease. If you know your driving habits tend to run high, it is smarter to negotiate a higher mileage cap upfront than to absorb overage fees later. Lessees are also responsible for returning the vehicle in good condition. Normal wear is expected, but significant dents, tears, or tire wear beyond acceptable limits will result in additional charges. Speak with our Finance Department if you have any questions concerning this.
At the End of the Lease
When the lease term concludes, usually after 24, 36, or 48 months, you have a few options. You can return the vehicle and walk away, return it and lease or purchase a new one, or purchase the vehicle you have been driving at the predetermined residual value. Many drivers find that they have grown comfortable with the vehicle during their many drives to Eagle Creek Park and opt to buy it out, while others prefer to move into something new.
Gap Coverage and Insurance
Most Subaru leases include gap coverage, which protects you if the vehicle is totaled and the insurance payout falls short of what remains on the lease. Confirming this is included in your contract before signing is a step worth taking. Beyond gap coverage, your lender will require comprehensive and collision insurance with specific minimum limits throughout the duration of the lease. Give us a call if you’re ready to get started on this path!
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Testimonials
“ Alex was very helpful and found a Forester for me ”
“ Nice waiting area, coffee and snacks provided ”
“ I had a great experience with Speedway Subaru even though there were issues outside Speedway's control. First, internet was cut due to bridge work on the day I was looking, but the team worked around these issues to find me the model and deal I wanted. We than had a problem with the original Crosstrek Limited that I had selected as we were closing the deal, but Justin and the team quickly resolved this issue that day by finding a comparable model, and even better color. I am very happy with my purchase and the way the team worked through any issues to make sure I very happy with my new car. ”
“ Alex was great to work with! He helped us find a car that aligned with our wants and needs. We never felt rushed or pressured to purchase. The whole experience was very professional and what you want from a good dealership. Highly recommend. ”
“ Greg was a great person to deal with. Very accommodating, courteous and helpful with knowledge about his cars, Subaru and VW. ”
“ Justin did an excellent job! He was super transparent about the car, the whole process was super smooth and everyone we interacted with was knowledgeable and genuinely cared about what they were selling. Highly recommend to anyone looking for a straightforward and honest buying process. ”
“ Great cars at a fantastic dealership!! Staff was knowledgeable, extremely helpful and they went above and beyond to get us into the right car at the best price. Very happy with our 2026 Subaru Forester Touring and their service and we would definitely lease from there again and recommend to others. ”
“ Excellent hassle/pressure free experience with Speedway Subaru Amazing crosstrek car Alex was patient and knowledgeable. I received excellent discount and also granted 500$ VIP coupon from Subaru despite Subaru website not working that day . No comparison to other dealers in town, speedway way better experience and pricing. Recommended anybody who wants to own a Subaru, which is excellent car brand ”
“ 10/10 experience !! I have already recommended one of my friends to the dealership because it was so awesome. Thanks to Ryan for answering all my questions even when I was stressing and didn’t know what I needed for getting a car. Taylor ((I believe)) was very funny and awesome; explaining everything about the warranty to me; making it instead of a stressful situation- a very calm and easy process!! Would 1000% buy from them again!! They are too awesome ”
“ Excellent experience from start to finish! ”
“ Stephon and the whole speedway team were amazing during our car buying experience. Thank you to everyone for your help ”
“ Salesman was not pushy but insightful on our questions and what we were looking for. ”
“ Had the Best experience at Speedway Subaru. Got exactly what we wanted at the exact price we needed it at with no harassment and just genuine honest, good people. We have been recommending Speedway to every person we run into. LOVE being apart of the Subaru family now and adore my new Outback ”
“ We have never experienced service like we did at Speedway Subaru! Greg Begley, Taylor Holtsclaw, Nick Kitner, Ryan Thomas and Tori! They all went out of their way to get us into the vehicle we wanted! No pressure, no sales pitches! We walked out ( drove out) with more than we asked for! Thank You! ”
We had an awesome experience working with Amanda and the
“ We had an awesome experience working with Amanda and the Speedway Subaru crew! Amanda went above and beyond from start to finish. Even when we were being a little flaky during the process, she stayed patient, kept communicating, and never made us feel pressured. The moment the exact car we wanted got traded in, she called us right away to let us know what info she did have on it. What really stood out was how genuine and down-to-earth she was — no sales gimmicks, just straight-up honest, person-to-person communication. We also worked with Nic and Taylor throughout the process, and they were both great to work with as well - the entire experience was way less stressful than normal car shopping. We really appreciated all the extra effort and would absolutely recommend working with this team! ”
“ Went to Speedway Subaru based on reviews. Walked in, greeted by Alex, and instantly felt at ease. He was incredibly knowledgeable about all the vehicles but not in that overtly sales-y way. For example, he knew the tech specs and all that you could memorize from a book, but also the random nuances of how various features could work with or against you. I also immediately noticed his memory and attention to details were wickedly on point based on tiny details dropped in conversation and general observations which translated into guidance you don’t really get from most sales people I’ve ever experienced. Plus, he’s just fun to chat with. Got the vehicle selected and moved into the finance side with Aaron. Also, great experience - was shorter which is the only reason my blurb about him is shorter. He made everything super easy, super comfortable and had a fun banter. All in all, where most dealership experiences are unbelievably exhausting for me due to my tendency to be very insular, I had none of that coming out of this experience. Plus it didn’t take all freaking day. They treat you like a person, walk you through everything, and honestly I’m really glad I came here because if I had to buy another car tomorrow I’d be right back. ”
Very easy to work with in both sales and the
“ Very easy to work with in both sales and the business/finance office personnel. Taylor was knowledgeable and helpful and paperwork was done quickly and efficiently. Steffon, our sales person was also very helpful in getting pricing quotes and answering any and all questions. Great job Speedway Subaru. We are satisfied customers! ”
“ I dealt with Justin Poynter of Speedway Subaru on the purchase of a new Subaru Uncharted EV recently. Justin was very knowledgeable and helpful in answering all of my EV questions and in finding the particular vehicle I wanted. I live in Marion County and I want to thank Derek Snyder, the owner of Speedway Subaru and Volkswagen, for keeping a Subaru and VW dealership in Marion County and for giving me a very fair price on my vehicle. ”
“ This is my second purchase of a Subaru Forester with Steffon. I trusted him and felt at ease. Taylor got me into the right extended warranty coverage, which I appreciated very much. ”
“ Absolutely loved our Subaru purchasing experience at Speedway Subaru In Indianapolis, IN. Amanda was our sales rep and her energy and excitement was warm and contagious. My husband and I would definitely recommend her and this dealership to anyone interested in purchasing a vehicle. ”
“ Great people to work with! Best vehicle purchase experience we’ve ever had. And we bought two at the same time. ”
“ Great dealership! Best experience purchasing a vehicle and we bought two at the same time. ”
“ Justin Peyton treated us A plus. We are completely satisfied with our new Subaru Crosstrek. We will return for some tutoring on all of its bells and whistles with Blue(sp?) as it had been 14 years since we got our Prius and technology is so much more sophisticated. Justin did a great job with much of it and was willing to do more but sensed I had had enough, at least for now. He was right. He had been recommended highly by the Graffis family and I can see why. ”
“ Greg B. was super patient and helpful with the whole process! I really felt like I left behind friends when I left the dealership. During the tour I met Alex?Andrew, Lou and several other team members. Everyone was super friendly and welcoming. Taylor in finance is a real peach! She really knows her stuff and I felt the loan experience was much better than I could have anticipated. I would wholeheartedly recommend Speedway Subaru to anyone looking for their next vehicle!! ”
“ Came to Speedway Subaru from TW. The duo of Amanda and Taylor is simply unstoppable and incredible. I upgraded my 2024 Forester Limited to the 2026 Forester Touring. As Amanda knows, I'm very passionate about cup holders and where they are located. It was the easiest purchase ever from the trade in process to signing and leaving. I LOVE LOVE LOVE my Forester and will be definitely be a returning customer. ”
“ Good Experience ”
“ I just want to say thank you to speedway Subaru, you guys when be on to get me the right vehicle for me, you make me feel like I was part of you guys family Thank you again I Love my Subaru Love everything about it. ”
“ Very friendly and knowledgeable staff ”
“ Greg Begley was so helpful and efficient in helping me find a new Subaru! I wasn’t expecting to need a new car, but when I explained my situation, he was very receptive and made sure all of my boxes were checked when looking for my new vehicle. The great service I received here even got my boyfriend to say he’d be getting a Subaru for his next vehicle! ”
“ I bought a Subaru Crosstrek in March. Everyone was friendly and helpful, and I was very happy with the pricing and financing. ”
“ Had the most pleasant purchasing experience with Amanda (sales rep) and Aaron (finance mgr)! This was my first car purchase and they both patiently walked me through their respective steps in the process. Aaron went above and beyond to reduce my monthly payment to a very reasonable amount, for which I was so grateful. Amanda is fabulous - she easily dedicated a couple hours to me between two visits to the dealership and numerous emailed questions during the week in between, all while juggling multiple other tasks. She took extra time post-purchase to walk me through all the bells and whistles of my new Crosstrek. Thank you so much, Amanda and Aaron! 🙏😁 ”
“ Greg black was great, I was buying a car from out of state which is not the easiest thing to do but Greg was fantastic in taking care of everything and answering every question I had in a timely matter. Thanks ”
This was the second vehicle that Steffon at Speedway
“ This was the second vehicle that Steffon at Speedway Subaru has got me in. A smooth and trustworthy experience each time. ”
“ Had an amazing experience purchasing my 2023 brz limited. Jamie Saddler is my salesperson and he has been very straightforward and helpful the whole process! Since it is a certified preowned vehicle we went straight to pricing; every process afterwards has been quick and professional. Absolutely recommend this place and their service! ”
“ The original experience was not good as the salesman was not professional. My understanding is that he is no longer with the dealership. When Amanda contacted me later I would rated everything a six star. She was excellent. ”
“ Friendly sales staff and great choices of vehicles. ”
“ It was a good experience we bought what we were looking for was the Subaru Foster reasonable priced our salesman was pretty initiative. He answered our questions. ”