Buy vs Lease near Waterville, ME

If you feel like it's time to invest in a vehicle, you're welcome to visit Cold Brook Mitsubishi. Here, we've got a wealth of models to pick from, along with two payment options to consider. Before you visit our location, take the time to learn about the differences between buying and leasing a car! Feel free to contact us if you have any further questions.

Buying

Getting behind the wheel of a new-to-you vehicle is always exciting. Whether your idea of a good time is heading to Pleasant Point Park or somewhere across state lines, buying a car would suit you well. Also referred to as financing, this method of obtaining a factory-fresh or pre-owned model involves presenting a down payment and having a loan cover the rest up front. That borrowed amount is then reimbursed over the course of four to seven years until ownership is fully achieved. If you're in favor of automotive customization, financing is certainly the way to go.

Leasing

Sometimes, long-term payments aren't for everyone, so leasing is a route to consider if you fall into that category. In doing so, you'll be able to enjoy trips down College Avenue with a new Mitsubishi from our showroom. You will only be responsible for the depreciation for two to four years, which is how long leasing contracts last. Your monthly rate is determined by a mileage limit, proving that this setup is more customizable of the two choices. Once your term reaches its end, you'll have the right to switch Mitsubishi models with a new lease, purchase the car you've currently been driving at its lowered cost, or walk away entirely.

Which Is Right For Me?

It's understandable to still feel on the fence about which avenue to venture down, especially since neither choice is better than the other. We'll gladly assist with helping you decide, so you can feel confident in your choice for your Waterville commutes! If you are keen on the idea of eventually not having to make a monthly payment or you tend to travel long distances, a buying plan would suit you best. That doesn't mean leasing is below a purchase, because it allows you to test the waters of a Mitsubishi vehicle without having to make a full commitment right off the bat. This choice might better accommodate folks who tend to stick to a routine pattern of driving. Either way, our sales representatives will assist you with acquiring the right vehicle for you.