Leasing vs. Buying Your Next Mitsubishi

August 21st, 2018 by

If it’s time for you to get behind the wheel of a new Brooklyn vehicle, you have two options. Car shoppers can either buy or lease their next vehicle. Both options have advantages and disadvantages, so read on to learn which option is ideal for you.

Leasing a car is a beneficial option for those who are looking to make lower monthly payments. Some dealerships even offer $0 down on select agreements. When leasing a car, drivers make payments on the vehicle, similar to paying rent for an apartment. When a lease expires, drivers return the vehicle to the dealership. Once a lease is over, drivers can opt for a newer vehicle, or resign their lease. Leasing is a great option for individuals hoping to get behind the wheel of the latest cars an automaker has to offer. Leasing also costs less when it comes to sales tax.

The disadvantages to leasing are that many arrangements have a mileage cap. Additionally, drivers do not get to own their vehicles, which means you cannot personalize the car with permanent changes. If you don’t mind owning your car and plan on only driving it for your daily commute and maybe one or two road trips, leasing can be an ideal option for your needs.

Buying a car is the perfect choice for people who want to own their vehicles. While buying a vehicle costs more up front, drivers can eventually own their vehicle after making all of their payments. This option saves money in the long run. Paying off a car and becoming the official owner is a rewarding feeling, which drivers can enjoy when purchasing their car. Drivers can also feel at ease knowing that they don’t have a mileage cap that they have to keep an eye on. Drive a car as often as you want and personalize it in any way you see fit.

The downside to buying a car is the initial upfront costs. If you’re shopping on a budget, you may have to opt for a less expensive car to avoid making a large down payment. Drivers also have to cover repair costs, while leasing programs usually include maintenance and repairs in their leasing agreements.

Now that you know the difference between leasing and buying, you’re ready to shop for your dream vehicle at Brooklyn Mitsubishi. Visit our dealership at 5910 Church Avenue in Brooklyn, or give us a call at 718-345-1600 to learn more about what we have to offer in our showroom.

Posted in Finance