Whether you are a would-be car owner or simply looking for a new model to add to your collection, you’ve likely found that you have two choices that have you split. We here at Birmingham Mitsubishi would like to tell you more about both to help you come to an informed decision! Afterward, you can visit our location in confidence with what you want to do.

Leasing

In more recent years, leasing contracts have become increasingly popular due to their various boons. For example, you will find yourself having to commit less financially due to the fact you are only affording the average depreciation rate. These types of agreements also only last for around two to four years, meaning you won’t have to tussle with them for as long. With that said, if you make consistent trips along I-65, you may find that the mileage limit could pose some issues for you later down the line. With that said, you can still speak with our team about extending these limits to better fit your lifestyle.

Purchasing

If you’re opposed to a contract that has you essentially renting a vehicle, then look toward a purchasing agreement. Our Finance Department is eager to assist you in figuring out the details. These typically last for around four to seven years, and consist of you paying off the total sticker price of the vehicle during this period. The main attraction to this type of deal is that you will eventually own the model, meaning you can drive with confidence as you cruise throughout Birmingham. This also means saving money in the long-term, and having the ability to one day trade in the model for a newer one.

What’s Best For You?

Answering which plan suits you largely depends on your individual circumstances. For example, if you often make visits to Montgomery Country Club, then a purchased vehicle free of mileage limits may be more suitable. But if you only plan on making use of the model for occasional trips to work, then a leasing contract may be more your speed. You will also want to consider how financially committed you want to be, as a leased car is poised to be less demanding than one under a financing agreement. If you happen to have any more questions, visit our location to have them answered by our team!

• Lasts for four to seven years
• Affording the total sticker prices
• Leads to ownership

• Lasts two to four years
• Paying for the average depreciation rate
• Essentially renting the vehicle