Leasing VS Buying

Lease Vs Buy


Hayward Mitsubishi in Hayward CA

When it comes time to finance your new car, do you know whether you’re going to lease or buy it? With benefits to either option, the decision to choose between leasing and buying can be easy. Our team at Hayward Mitsubishi near Oakland, Hayward, and San Francisco, CA, crafted this leasing vs. buying guide for you!Your life in the Bay Area deserves a quality ride and a personalized financial plan that suits your lifestyle. If you’re interested in learning whether leasing or buying is your best option, keep reading below.

What do you plan to do with your vehicle?

Hayward Mitsubishi in Hayward CA

Before we get into the basics of leasing vs. buying, we always ask our customers what they intend to use their new vehicle for. The answer to this question can help point you in the right financial direction. Let’s discuss some scenarios for when it’s best to buy vs. lease.

WHEN TO BUY

If you plan to use your new ride as a road-trip companion, you may want to consider buying the vehicle. Most leases have a mileage restriction that you won’t want to exceed; with that being said, buying the vehicle would save you any additional overage fees you may have to pay at the end of a lease.

If you want to fully deck out your ride with a new paint job, a pair of fuzzy dice on the mirror, or maybe a few racing stripes, you’ll most likely want to buy the vehicle. You’re free to customize a vehicle that you own; the same does not go for leased vehicles.

WHEN TO LEASE

Are you planning to move to a crowded city? If so, leasing your next vehicle may be your best financial move. Moving to the city may put you within walking distance from work or may open up public transportation options that may generally be less than a loan payback. Because of this, a lease may suit your needs best.

If you don’t drive often, a lease may be your best option as well. Due to a lease's mileage restrictions, if you only use this car for special occasions or weekly grocery trips, a lease may work out best for you.

 

Hayward Mitsubishi

25716 Mission Blvd Hayward, CA 94544-2526
Get Directions
Sales 510-999-5999
Service 510-221-6097
Parts 510-609-1893

Monday 9:00AM - 8:00PM
Tuesday 9:00AM - 8:00PM
Wednesday 9:00AM - 8:00PM
Thursday 9:00AM - 8:00PM
Friday 9:00AM - 8:00PM
Saturday 9:00AM - 8:00PM
Sunday 10:00AM - 6:00PM
Monday 8:00AM - 5:00PM
Tuesday 8:00AM - 5:00PM
Wednesday 8:00AM - 5:00PM
Thursday 8:00AM - 5:00PM
Friday 8:00AM - 5:00PM
Saturday Closed
Sunday Closed
Monday 8:00AM - 5:00PM
Tuesday 8:00AM - 5:00PM
Wednesday 8:00AM - 5:00PM
Thursday 8:00AM - 5:00PM
Friday 8:00AM - 5:00PM
Saturday Closed
Sunday Closed


Contact Us

Buying Basics 101

Hayward Mitsubishi in Hayward CA
Hayward Mitsubishi in Hayward CA

Your next financial option is to buy it. You can buy an Mitsubishi out of pocket or you can choose to take out a loan and finance it. If you do set up a financial plan with set payments down the line, there are many benefits to doing so, including:

  • Full ownership of the vehicle
  • Can build equity in the vehicle
  • Freedom to customize
  • No mileage restrictions

Much like leasing, there are limitations to purchasing to keep an eye on. For example, once you choose to purchase a vehicle, you have it for a long duration. If you do choose to sell it, this can be tricky, but trading it in is always an option. There may also be limited warranty coverage with a purchased vehicle.

If you want to make a vehicle your own through customizations, purchasing is a great option for you! If you commute long distances to work or plan to put extra miles on it through road trips, purchasing a Nissan is best because you do not have any mileage restrictions.

ARE YOU BUYING OR LEASING YOUR NEXT RIDE?

Now that you know the basics of leasing vs. buying, are you ready to make a decision? If you’re in the Bay Area, stop by Hayward Mitsubishi near Oakland, Hayward, and San Francisco, California, or contact us online to get your financial plan rolling.

Hayward Mitsubishi in Hayward CA

To Lease or Buy—That Is the Question

Financing your next Mitsubishi ride is serious business. Making your decision to buy or lease is huge too. Once you decide which avenue you want to go, stop by our finance center at Hayward Mitsubishi near Hayward, Fairview, and Sorenson, CA, today.