When you're in the market for a new Mitsubishi, one of the most important decisions you'll make is whether to buy or lease. At Giambalvo Mitsubishi, we’re here to help you understand the benefits of both options so you can make the right choice for your lifestyle, driving habits, and budget.

Leasing a Mitsubishi

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.

Benefits of Leasing:

• 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 a Mitsubishi

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.

Benefits of Buying:

• 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.