Explore Your Car Buying Options: Leasing vs. Financing
Discover the differences and find the best path to your next vehicle at Crown Mitsubishi Washington
What is Leasing?
When you explore leasing deals in Washington at Crown Mitsubishi, you're essentially entering into a long-term rental agreement for your vehicle. With a car lease, you make monthly payments to drive a new vehicle for a predetermined period, typically 24 to 36 months. At the end of your lease term, you simply return the vehicle to the dealership.
Our car lease deals offer Washington drivers the opportunity to enjoy the latest Mitsubishi models with cutting-edge technology and safety features. Leasing allows you to drive a new car more frequently, ensuring you always have access to the newest innovations without the long-term commitment of ownership. You'll pay for the vehicle's depreciation during your lease term rather than its full value, which often results in lower monthly payments compared to financing.
What is Financing?
At Crown Mitsubishi Washington, we offer affordable car financing options that help you purchase and own your vehicle. When you finance a car, you're taking out a loan to cover the vehicle's purchase price. You'll make monthly payments over a set period (typically 36 to 72 months) until the loan is fully paid off, at which point you own the vehicle outright.
Financing provides the freedom of ownership from day one. You can customize your vehicle however you like, drive as many miles as you need without worrying about excess mileage fees, and build equity with every payment you make. Once your loan is paid off, you'll have a valuable asset that you own free and clear, with no more monthly payments. Our finance team works with multiple lenders to secure competitive rates and terms that fit your budget, making vehicle ownership accessible and affordable for Washington drivers.
Leasing vs. Financing: Side-by-Side Comparison
| Feature | Leasing | Financing |
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| Disadvantages |
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Which Option Fits Your Lifestyle?
Leasing Might Be Right For You If…
You enjoy driving the latest models and want access to cutting-edge technology every few years. Our leasing deals in Washington are perfect for drivers who:
- Drive less than 15,000 miles per year
- Prefer lower monthly payments
- Want a new car every 2-3 years
- Like having warranty coverage for the entire ownership period
- Don't want to worry about trade-in or resale value
- Use the vehicle for business purposes
- Prefer predictable maintenance costs
Financing Might Be Right For You If…
You value ownership and want the freedom to do what you want with your vehicle. Our affordable car financing options are ideal for drivers who:
- Drive more than 15,000 miles per year
- Want to build equity and eventually own your vehicle
- Plan to keep your vehicle for many years
- Want the freedom to customize or modify your car
- Don't want mileage restrictions
- Want to eliminate monthly payments eventually
- Need a vehicle for heavy-duty use or long commutes
Factors to Consider When Deciding: Should I Lease or Finance?
Making the right choice between leasing and financing depends on several personal factors. Consider your typical annual mileage, as leases have restrictions that may not suit high-mileage drivers. Evaluate your financial situation, including your budget for monthly payments and down payment capabilities. Think about your long-term plans: do you see yourself wanting a new car every few years, or do you prefer keeping the same vehicle for a decade or more?
Also consider your lifestyle needs. If you have children or pets, the wear-and-tear considerations of leasing might be a concern. If you use your vehicle for business, leasing may offer tax advantages. At Crown Mitsubishi Washington, our experienced finance team can help you explore both car lease deals and financing options to determine which path makes the most financial sense for your unique situation.
Still Not Sure? Let Our Finance Experts Help!
Our knowledgeable finance specialists at Crown Mitsubishi Washington are here to help you explore all your options. Whether you're interested in our competitive leasing deals in Washington or our affordable car financing programs, we'll work with you to find the perfect solution. We'll answer your questions, review your budget, and help you understand exactly which option delivers the best value for your situation.