Buying vs. Leasing a Vehicle at Mentor Mitsubishi
When it's time to upgrade your vehicle, you might be exploring the options of buying or leasing. Understanding the benefits of both will help you decide which is the best for you. Our team at Mentor Mitsubishi will point you in the right direction. Take a look at the differences between the benefits buying and leasing a Mentor Mitsubishi vehicle.
Benefits of Buying
Great Financing Rates
We have new vehicle financing rates as low as 0% APR with qualifying credit on your next Mitsubishi vehicle.
Warranty Coverage for 10 Years/100,000 Miles
Our 10-Year/100,000 mile powertrain warranty is one of the best in the industry. If you're looking for more extensive warranty coverage, we have many plans available.
In addition to our great financing rates, we have loans available for up to 84 months, allowing you to get a new Mitsubishi no matter your budget.
After you complete your payment schedule, your trade-in value can put you in an equity position while purchasing your next vehicle.
Put as many miles on your vehicle as you'd like and customize it to your liking.
Benefits of Leasing
Low Cost Repairs and Maintenance
Your vehicle will likely be covered under the factory warranty for the duration of your lease, giving you peace of mind.
You'll be able to choose a different model at the end of your lease if your needs have changed. Plus, Mitsubishi frequently offers lease pull-ahead programs to get you into a new Mitsubishi months before your lease expires.
Lower Monthly Payments
Since you are driving a vehicle for a set period of time and with a fixed mileage amount, your monthly payments may be significantly lower or you can get more features and equipment than might fit your budget otherwise.
No Effect on Trade-In
You'll never have to worry about your car's value at the end of your lease and how that will affect the purchase of a new one.
It's ultimately up to you whether you choose to buy or lease your next vehicle. Our expert finance team can help you every step of the way in choosing the right option for you.