Leasing vs. Financing

The Pros And Cons Of A Car Lease

Most financial experts will tell customers that a car lease typically provides a lower monthly payment than a vehicle purchase and loan payment. The lease has several benefits, including not paying sales tax on the car and only paying for the time you will use the vehicle, rather than the entire purchase price. However, there are also drawbacks, such as never actually owning the car and missing out on the years of transportation provided by a vehicle that does not require a monthly loan or lease payment. Additionally, there is a mileage limit, a critical factor in all leases. If you exceed the mileage specified in the lease agreement, you may face a significant penalty when returning the vehicle at the end of the lease. The rate for the extra mileage can be as high as twenty cents per mile or more and is due upon returning the vehicle to the dealership.

The Pros And Cons Of Financing A New Mitsubishi At Don Herring Mitsubishi

Many buyers worry about the added expenses of the interest they will pay on a new car loan. The average car loan now includes around $4,000 in interest by the time the vehicle is paid off. However, when you take advantage of the Mitsubishi financing near Dallas at 0%, you will save a significant amount on the overall cost of your new car. This Mitsubishi APR of 0% is a great way to purchase a new vehicle and never worry about the interest rate or what you are paying for the right to borrow money from a bank or other lender.

When comparing the purchase of a vehicle using the Mitsubishi financing near Dallas at 0%, it makes the deal much more appealing and competitive with a monthly lease payment. Additionally, there are no mileage limits on the purchase, as you will be the owner of the vehicle once the payments are completed. And at that point, you will be even more excited to drive your Mitsubishi, knowing you have reliable transportation and are not making a monthly lease or loan payment. Thanks to the Mitsubishi APR of 0%, it is very difficult to see any downside to purchasing a new Mitsubishi at Don Herring Mitsubishi and financing it.

Getting The Most For Your Money

The dependable and reasonably priced Mitsubishi vehicles at Don Herring Mitsubishi are always a wise investment. However, when you have the option to use the Mitsubishi financing near Dallas at 0%, it is hard to find any reason not to make the purchase. Stop by the dealership today and explore the great new vehicles you might choose, and be ready to drive home to Dallas, Irving, or Fort Worth in a new car with a great warranty and a 0% APR Mitsubishi loan.

View New Inventory Get Pre-Approved Calculate Your Payments Sell Us Your Vehicle