Thinking about the pros and cons of leasing vs buying a Mitsubishi in Chesapeake VA ? Let’s take a look at the main differences between the two.
One of the main benefits of purchasing is that you own the car and are able to keep it for as long as you would like. Monthly payments are typically higher compared to a lease. You also have the ability to make any changes to your vehicle as you like.
You’re required to return the car at the end of the lease. Associated fees may include a down payment and taxes. One of the main advantages of leasing an auto is that payments are generally much more affordable compared to financing. Leasing generally come with lower down payment requirements.
There may be termination fees involved if you would like to discontinue the lease before the lease period ends. One of the biggest drawbacks of leasing is that you won’t build any equity. Individuals who like to change cars every few years may find leasing more favorable than buying. Leasing may be a good choice if you enjoy changing your vehicle every few years.
Talk to one of our associates about leasing or buying a Mitsubishi near Chesapeake today.