BUYING VS. LEASING

BUYING


WHO OWNS IT

Whether you pay for the car with cash, or finance it and make monthly payments, either way it’s yours. Of course, if you’re financing it, you’ll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don’t, they have the right to repossess it.

UP-FRONT COSTS

If you’re financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender’s requirements and your credit score.

FUTURE VALUE

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

END OF PAYMENTS

Once you’ve paid off what you owe on your contract, that’s it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

LEASING


WHO OWNS IT

You do not own the car when you lease. You’re paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.

UP-FRONT COSTS

Leases often do not require any type of a down payment. All you usually have to pay is the first month’s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.

FUTURE VALUE

In most leases you don’t end up owning it so you don’t end up selling it. That’s the financial institution’s job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

END OF PAYMENTS

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we’ll make sure you have your lease set up the way you want it.


Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

855-395-2782

Call Now

1015 Ft. Worth Hwy. • Weatherford, TX 76087

Get Directions

Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

SouthWest Mitsubishi

1015 Ft. Worth Hwy. Weatherford, TX
Phone: 855-395-2782 https://www.google.com/maps/place/SouthWest+Mitsubishi/@32.7460552,-97.7799346,13z/data=!4m8!1m2!2m1!1s1015+Ft.+Worth+Hwy.!3m4!1s0x864e0150b2df53ad:0x93f891cba0adba6d!8m2!3d32.757982!4d-97.707945

Parts

Phone: 844-242-5104

Sales

Phone: 855-395-2782

Service

Phone: 855-395-2785

32.7575647 -97.7076489
[schema type="organization" orgtype="LocalBusiness" url="www.southwestmitsubishi.com" name="SouthWest Mitsubishi" description="" street="1015 Ft. Worth Hwy." city="Weatherford" state="TX" postalcode="76087" country="United States" email="sg@southwestautogroup.com" phone="855-395-2782" logo="https:https://www.southwestmitsubishi.com/wp-content/uploads/2017/02/southwest-mitsubishi-open-graph.jpg"]
SouthWest Mitsubishi
SouthWest Mitsubishi
1015 Ft. Worth Hwy.
Weatherford, TX, 76087 United States
855-395-2782
https:https://www.southwestmitsubishi.com/wp-content/uploads/2017/02/southwest-mitsubishi-open-graph.jpg
SouthWest Mitsubishi 32.7575647, -97.7076489.