Buy vs Lease

-You own the car and can keep it as long as you want

-There are no mileage restrictions

-You can customize the car as you please

-You get the satisfaction of being a car owner

-When it comes time to sell, it can be a hassle

-Large down payments based on your financial situation

-Higher monthly payments depending on financing method

-Responsible for all maintenance and repairs after warranty period

-Smaller down payment

-Lower monthly payment based on financing

-New car that comes with the newest features

-Repairs are covered under lease warrenty

-Not being the owner of the vehicle

-Limited mileage with fees for going over that limit

-More expensive if you decide to purchase in the end

-Lease contracts are restricting and often confusing

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Mountaineer Mitsubishi