Should I lease or buy my next vehicle?
Leasing typically provides lower monthly payments and allows frequent upgrades, but mileage limits apply and you do not own the vehicle. Buying builds equity and comes without mileage restrictions, though payments are generally higher. The best choice depends on your driving habits, budget, and long-term plans.
Quick Summary
Leasing offers lower payments; buying provides ownership and no mileage limits.
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Answered by Annie Brockway
Last updated 12/5/2025, 3:50:00 PM
Leasing a new Mitsubishi typically results in lower monthly payments and allows you to drive a new model like the Outlander or Eclipse Cross every few years, but you won’t own the car at the end of the term and you’ll have mileage restrictions.
Buying builds equity and comes with no mileage limits, but monthly payments are higher and terms are generally three to seven years. Consider your driving habits, budget and how long you plan to keep the vehicle when choosing between leasing and buying.
- Lease benefits: Lower payments, frequent upgrades and warranty coverage
- Buy benefits: Ownership, unlimited miles and equity accumulation
- Considerations: Annual mileage, down payment and long-term plans
General Sales Manager, El Cajon Mitsubishi
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