When you're ready to drive home in a new Mitsubishi, one of the first decisions you'll face is whether to buy or lease.
At City Auto Mitsubishi, we’re here to help you understand the differences and choose the option that best fits your lifestyle and financial goals.
Leasing is an ideal option for drivers who enjoy having a new vehicle every few years and want lower monthly payments. Lease agreements typically run for 24 to 36 months and include a set mileage limit, often around 10,000 to 15,000 miles per year.
With a lease, you're essentially paying for the portion of the vehicle’s value you use during the lease term. This allows for more affordable monthly payments and the ability to drive a new, warranty-covered Mitsubishi with the latest technology and safety features.
Lower monthly payments compared to buying
Minimal or no down payment required
Drive a new Mitsubishi every few years
Factory warranty typically covers most repairs
Lower sales tax (in some states)
Easy return process at the end of the lease
Leasing is a smart choice if you prefer short-term commitment, rarely exceed mileage limits, and prioritize driving a vehicle with the newest features.
Buying is best for those who want full ownership of their vehicle, plan to drive it long-term, or log high annual mileage. When you buy, either with cash or financing, you’re paying for the full value of the car and building equity over time.
After your loan is paid off, the car is yours with no further payments. You can drive it as long as you want, customize it however you’d like, and sell or trade it when you're ready.
Full ownership and long-term value
No mileage limits or wear-and-tear fees
Ability to customize or modify your vehicle
Vehicle becomes an asset once the loan is paid
More flexibility on how long you keep the car
Ideal for high-mileage drivers
Buying is a great option if you're looking for a long-term investment and want the freedom to drive your Mitsubishi without limits or future obligations.
At City Auto Mitsubishi, our finance specialists are here to walk you through your options and help you choose the best plan for your needs. We offer competitive financing and lease offers on the full lineup of Mitsubishi vehicles.
