Lease vs. Buy

Whether you lease or buy a new car, it is very important that you know which fits your situation best. 

 

Buy:
When you buy a car, you pay for the whole vehicle. You will usually make a down payment, pay the sales taxes in cash or roll these taxes into your auto loan and pay an interest rate. You usually will make your first payment a month after you sign your contract. This option is great if you like to keep your cars for a long period of time and if you have a need to put unlimited miles on the vehicle.

Lease:
When you lease, you are paying only for what you use. You do not have to have money to put down, you typically only pay sales tax on your monthly payments, and are charged with a money factor that is similar to the interest rate on a loan. You make your first payment at the time you sign your contract.

Learn from our trained finance staff at Allison Mitsubishi about financing your next vehicle.

We are ready to make your auto buying experience a stress free one. The team at Allison Mitsubishi is always here and ready to help you!