Once you have researched the new and used Mitsubishi models on our lot, and after you have taken your preferred model out on a test drive, the next step you will take is exploring the financing options that are available to you. Even if you have never bought or leased a car before, our team of friendly financing experts will be here to help you through every step of the process.
For years, our team at Prestige Mitsubishi has prided itself on providing drivers with an unparalleled dealership experience -- one defined by friendliness, comfortability, and efficiency. With our wide selection of new and used Mitsubishi models and our friendly team of automotive experts by your side, you can feel absolutely confident that you will get the vehicle and the purchasing plan that best suits your needs.
Many drivers are confused about the differences between leasing and buying, particularly with how it affects their wallet. Which is the better investment option, and what benefits do each of these payment options provide? Not to worry, though! Our financing team can help you decide which one is best for your budget and your driving style.
Leasing
Leasing is a bit like renting an apartment in terms of how its payment style is set up. Not only are payments built on a monthly pay style (meaning you are paying a fixed monthly amount throughout the duration of your drive), but they also are often more affordable than the monthly payments you get when you buy a car. That can help folks who are looking for a more affordable investment option!
However, leasing does come with some parameters: mainly, you will have a set amount of free miles that you can use throughout the duration of your lease. Furthermore, you are required to keep the vehicle you lease in good condition.
Buying
Buying a car is a bit more involved. However, for drivers who want to own their vehicle and want a long term investment, it can be a great option to consider! When you buy a vehicle, most of the time (since most drivers don't have thousands of dollars in cash lying around) you have to take out an automotive loan. This loan covers the initial cost of the vehicle you're buying. Then, after factoring in some different elements -- like your down payment, the interest rate, the length of your loan and more -- you will get an estimated monthly amount. You will then pay that amount until the loan is paid off.
However, for those folks who may not be ready for a long-term investment or want a more affordable driving option, buying may not be a great option to consider. However, our team works hard to help drivers with all types of credit. We also offer no money down car loans, helping reduce the financial burden associated with getting one!
So Which Option Should You Choose?
Depending on your personal preferences, your budget, and your driving habits either one of these options can be a good fit for you! Ask our financing team about leasing and buying - and learn more about our Buy Here Pay Here capabilities. Our team stands ready to help you decide which finance option will truly benefit you the most.
Ready To Learn More?
If you would like to learn more about financing a new or used Mitsubishi vehicle, or if you have any questions about the purchasing process, we invite you to visit us at Prestige Mitsubishi, located in Providence, RI. Our team would be proud to help you schedule a test drive with your preferred automotive option.
Stop by at your next opportunity and we can help you schedule a test drive with your favorite model on our lot. Feel free to also check out our vehicle specials if you would like to explore additional savings opportunities.
We are proud to serve drivers in Cranston, Warwick, Pawtucket, and East Providence.
