Choosing Whether to Buy or Lease a Mitsubishi Vehicle at Mike Miller Mitsubishi

Mike Miller Mitsubishi is always happy to help our customers find the right car for them. There is a lot to consider when you’re shopping for a new car, but we provide an experience that is relaxed and informative. We’re happy to discuss the pros and cons of buying and leasing so you can make the right choice for your family.

Choosing Whether to Buy or Lease a Mitsubishi Vehicle at Mike Miller Mitsubishi

When You Should Lease

You’re probably aware of the sharp depreciation that occurs when you take a new vehicle home. A new car can depreciate by about 20 percent in the first year you own it, meaning you won’t be able to sell it for nearly the price you bought it. Leasing lets you avoid the stress of depreciation because you’re not responsible for the depreciated vehicle at the end of your lease term—you can just turn it in and move on to a new model. If you’re eager to drive a new car every couple of years so you can benefit from the latest advancements in engineering and technology, leasing is an easy way to achieve that. Plus, your monthly lease payments will generally be lower than monthly loan payments, so you can afford a better car.

Does leasing sound like it might be the right choice for you? Visit our Mitsubishi dealership in Peoria, IL to discuss your leasing options today!

When You Should Buy

All that being said, buying makes more sense than leasing for many drivers. When you buy a car, you are building equity and making an investment, which is important to a lot of people. Once you’ve paid off your car, you will be free from monthly payments and can continue to enjoy your car for years without that financial burden. Buying also gives you a certain amount of freedom. You can drive as much as you want, customize your car if you’d like, and you don’t have to worry about wear and tear costing you extra at the end of a lease term.

Financing a Mitsubishi Vehicle at Our Dealership

We’d be happy to tell you more about your options for financing a new Mitsubishi Mirage or Mitsubishi Outlander today at our finance department. Our mission is to help you secure affordable monthly payments and low-interest rates so taking home one of our new Mitsubishi cars is stress-free and fun.

Visit us today at 2007 West Pioneer Parkway to take home your dream car!