There is more than one way to drive a new Mitsubishi model home with you. At Mike Miller Mitsubishi, we get a wide variety of customers, some of which aren’t ready to commit to driving a single vehicle for the entire length of an auto loan. Fortunately, there is another alternative, and it can be just as rewarding as buying a car outright.
For drivers who don’t want to purchase a vehicle and like the idea of driving something new every couple of years or so, we often suggest leasing as a viable alternative. When you lease a vehicle, you essentially agree to temporary ownership of the vehicle for a predetermined length of time. The exact length of a lease agreement is up to you and our dealers, but lease agreements tend to last anywhere between 24 to 48 months.
When you lease a vehicle, you’ll be expected to stay within certain mileage limits and you’ll have to pay for the wear on the vehicle once your lease is up. However, at the same time, you’ll get to enjoy far lower monthly payments than you would otherwise be expected to pay when you sign up for an auto loan. At the same time, you have the option to purchase the car at the end of the lease at a lower rate if you decide to do so. On the other hand, if you want to keep trying your hand at new vehicles, you can lease another brand new car after your lease is up. How you navigate your lease agreement is entirely up to you.
Leasing a vehicle is often a more flexible form of auto ownership, and you can learn more about it when you visit one of our Mitsubishi dealers in Peoria, IL. At Mike Miller Mitsubishi, we believe in treating each of our customers with fairness and compassion so that they can get the car and deal that they’re most satisfied with.