Buying or Leasing a Vehicle in Bradenton, FL

When you’re buying a new car, choosing from the fantastic selection of new vehicles at Firkins Mitsubishi is the easy part. On the other hand, often, the more challenging decision for drivers is whether they want to buy or lease the vehicle. While you can’t go wrong, depending on your long-term plan for the vehicle, as well as your budget and customization plans, there’s a route that’s best for you. Check out our guide for the dilemma of buying versus leasing. 

The Differences Between Buying and Leasing a New Car 

The main difference between buying and leasing is the ownership. While leasing is more like a long-term rental, if you buy the vehicle, it is yours, as you pay off the loan, or until you sell it. So, at the end of the leasing agreement, which is typically a few years, all you have to do is return it to our dealership, Firkins Mitsubishi, and decide which new ride you want to claim next. If you plan to keep the vehicle long-term, and your goal is to eventually no longer budget for a car payment, you should consider buying. Although, if you enjoy whipping the newest models every couple of years, leasing may be the best option. Check out the following key differences: 

• If you are looking to build your credit score, buying a vehicle and making payments on time will do so.
• Interest rates are typically lower with leasing agreements, rather than buying. 
• If you are looking to make customizations, these are only available with buying, as with leasing, you don’t own the vehicle.  
• With leasing, when the agreement is up, all you have to do is bring the vehicle back to the dealership, as there is no hassle of selling. 
• You can forgo the expense of sales tax when leasing a vehicle. 

Buy or Lease Your New Car at Firkins Mitsubishi 

Whether you choose to buy or lease, you will be in excellent hands at Firkins Mitsubishi. With such an excellent selection of new and pre-owned vehicles, you are bound to be pleased. After browsing our inventory, head on over to Firkins Mitsubishi in Bradenton, Florida for a test drive. We look forward to helping you with the car-buying process, so contact us with any questions!