Buy Vs Lease - The Benefits of Each Option

Buying vs. Leasing

Explore the advantages of each payment option for your Merrillville budget.

When you buy a new Mitsubishi model, you have to decide how you're going to pay for it. Financing or leasing a new vehicle is a big process that takes some time and consideration, so be sure to do some research before you make a decision. At Webb Mitsubishi, our finance professionals will help you determine which purchase plan is right for you. To get started, you can explore this page to learn about some pros and cons of each option.

Buy Vs Lease- Benefits of Both

Leasing

Leasing is a great option for drivers who want some lower payments or just don't want the responsibility of owning a car long term. Leasing a Mitsubishi near Crown Point, IN makes sense for many of our customers because of the variety of payment options and flexible plans.

What is a Lease?

A lease is designed to charge you only the value the car loses while in your possession. At the beginning of the lease, we determine the length and cost, meaning that everything is stable from the start. By design, a lease will cost less than purchasing the vehicle outright, and it covers normal wear and tear while the car is in your possession.

Advantages

The most obvious advantage of a lease is the lower cost, but the benefits of leasing a new Mitsubishi don’t stop there. Portage, IN drivers enjoy a range of advantages when they choose to lease a new vehicle

  • With lease deals lasting a short period of time, you can get a brand-new car every couple of years. If you need to have the latest technology when you drive, then leasing is a great option.
  • Lower monthly payments are a great advantage of leasing a car, so if you need some extra financial bandwidth at the end of the month, lease your next vehicle.
  • Leasing means that you aren't responsible for the vehicle in the long term, meaning that your ownership can be more hands-off. Just get the regular recommended maintenance done and you shouldn't have any worries.

Buying

If you have some extra cash and you want more freedom, then you should buy your vehicle with an auto loan near Hobart, IN.

Financing Options

Our finance professionals are experts at negotiating a rate and payment structure that works for you, so be sure to talk to us about financing before you make a decision. There are plenty of advantages to financing a car and most of them stem from the freedom you get by owning a vehicle outright.

Advantages

If you go with buying a car, then you get a variety of benefits that you are sure to appreciate.

  • After you're done paying the loan, you're done with making any payments. It's a great feeling to have all the benefits of a car without setting aside money to pay for it every month.
  • If you drive frequently, then financing is always the option to choose. There are no mileage restrictions when you own a car, so you don't have to keep track of your miles unlike when you lease.
  • If you're a high risk driver when it comes to dings, dents, and interior damage, then buying a vehicle is a great option. When you own a car you don't have to fix cosmetic issues, so you have the freedom to keep your vehicle in the condition you want.

The Decision

Ultimately, you should opt for a lease if you enjoy lower costs and value the convenience of swapping out several like-new cars year-to-year. If you depend on your car for a lot of mileage and would prefer something that will be with you for years to come, then buying a Mitsubishi near Hammond, IN is the way to go.Of course, everyone's situation is unique, so to really figure out your best option, chat with our finance specialists today!

true true true true true true true true true true true true )