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Buy vs. Lease

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After all that time researching and test driving, you have finally figured out the perfect Mitsubishi vehicle for you! Just when you thought the hard part was over, you realized that you have to decide between buying the vehicle or leasing it. What are the pros and cons of each? Which is the best option for you? We are here to help give you all of the information that you need to make and educated decision!

Advantages of Buying
  • Customize your interior and exterior as you please
  • No mileage restrictions, you can go wherever you want!
  • Own the car for as long as you want
  • Pride of saying you own a car
Disadvantages of Buying
  • Selling can be a hassle (when you decide to upgrade to a new Mitsubishi!)
  • Large down payments based on credit score, income, and other factors
  • Responsible for maintenance costs after warranty
  • Higher monthly payments depending on the method of financing
Advantages of Leasing
  • Smaller down payment
  • Lower monthly payments
  • Repairs and routine maintenance covered under lease
  • Receive a new car that comes with top of the line features
Disadvantages of Leasing
  • Limited mileage with fees for going over
  • Not owning the vehicle unless you purchase it after the lease
  • More expensive in the long run if you decide to purchase after the lease
  • Lease contracts can be restricting and confusing

There is a lot to take into consideration so if you are still feeling a little lost, come on into Pantili Mitsubishi and we would be more than happy to help! Our friendly Finance Department staff is waiting for you. 
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