Lease vs. Buy: Which Mitsubishi Financing Option is Right for You?
Lease the Freedom or Buy the Future? Your Mitsubishi, Your Call
Hope you’ve found the Mitsubishi you want—maybe it’s the sporty Eclipse Cross or the efficient Outlander PHEV. But now comes the big question: Should you lease or buy?
Both financing options have their perks, and the right choice depends on your lifestyle, driving habits, and future plans. One offers flexibility and lower monthly costs; the other builds long-term value and ownership. Let's explore how both options stack up so you can drive away with confidence in the choice that fits you best.
ES FWD
Spend $24,598* for the ES FWD trim. Its 2.0-litre engine includes CVT. Enhanced technology includes an eight-inch Smartphone Link Display Audio with Android Auto and Apple CarPlay integration. The automatic climate control and heated front seats provide interior comfort. Make use of the Remote Keyless Entry feature with power door locks. The LED headlights are automatic, and the SiriusXM Satellite Radio is included with a three-month complimentary service.
Leasing: Flexibility Without Commitment
Leasing a Mitsubishi is like having the newest tech in your pocket—without needing to own it. A lease lets you drive a brand-new vehicle for a set term, usually 24 and 48 months, with lower monthly payments than financing.
It’s an ideal option if you like upgrading to the latest model every few years or want to avoid long-term maintenance costs. Since most leased vehicles stay under warranty during the lease term, you’ll have peace of mind with minimal repair expenses.
However, leases come with mileage limits and wear-and-tear guidelines. If you drive a lot or want total freedom with customization, this might feel restrictive. But leasing is a great match if you're looking for short-term convenience and consistent upgrades.
Buying: Ownership That Pays Off Over Time
Buying a Mitsubishi—either outright or through financing—means you're investing in something that's truly yours. Monthly payments may be higher than leasing at first, but once the loan is paid off, you own the vehicle with no more payments. That's the long-term value you can't get from leasing.
Owning gives you total control: no mileage restrictions, no penalties for wear, and the freedom to customize your ride any way you like. It’s a smart move if you plan to keep your vehicle for many years or want to build trade-in value for the future.
One thing to keep in mind: after the warranty expires, repairs and maintenance are your responsibility. But with Mitsubishi’s generous warranty coverage, you’re set for quite a while.
The Right Fit Depends on You
If your priorities include low monthly payments, driving the newest models, and avoiding long-term commitments, leasing could be the right path.
If you're looking to build equity, plan on keeping your vehicle for a long time, or want the freedom to drive as much as you want, buying is likely the better route.
Either way, Mitsubishi vehicles offer strong value, fuel efficiency, and long-lasting performance—so you're starting from a great position no matter what.
Ready to Decide? Let’s Talk Options
Still unsure which financing route makes the most sense for you? That’s what we’re here for. Visit MotorHub Mitsubishi in Upper Onslow to speak with our friendly finance team. Whether you’re leaning toward a flexible lease or full ownership, we’ll walk you through the numbers, options, and benefits—so you can make the best choice for your lifestyle. Book your visit today and drive away knowing you made the right move.