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Financing vs. Leasing

We offer an impressive selection of models for you to explore at Northstar Mitsubishi. Our vehicles come in all shapes and sizes to ensure you can easily find the perfect vehicle for your Queens lifestyle. From family-friendly SUVs to efficient rides, you won’t be let down by the selection available in our showroom.

If you’re ready to take the next steps in your car-buying process, check out the impressive financing and leasing options we’re providing. Leasing and financing a car has pros and cons, and we can help you explore the details today. Learn more below.

Financing vs. Leasing: Pros

Many Manhattan drivers come to us when they’re ready to purchase their next ride. Our leasing and financing opportunities offer plenty of flexibility. Trade in your vehicle today and let us know if financing or leasing is right for you. If you’re on the fence about the approach you want to take, we can assist you with discovering the benefits of both choices:

Financing

• Own your car after it has been paid off.
• Trade in your vehicle at any point in time.
• Style your ride to your liking with customizations and accessories.
• No mileage restrictions are present when financing your ride.

Leasing

• Typically provides a lower monthly payment.
• Usually available with a detailed factory warranty.
• Avoid the peculiarities associated with selling a vehicle.
• Drive the newest models.

Financing vs. Leasing: Potential Cons

As with anything, there are also potential cons to think about when it comes to financing and leasing. We suggest you speak with our professionals if you have any concerns about your vehicle-buying experience. Take a look at some potential disadvantages:

Financing

• You may experience a higher monthly payment when you finance a car.
• It’s common practice to offer a down payment if you want a lower monthly payment.

Leasing

• Most leasing contracts deliver mileage restrictions.
• Leasing a vehicle means always having a monthly car payment.

Purchase a Vehicle With Northstar Mitsubishi

We look forward to getting you into the driver’s seat of the car you’ve been dreaming of at our Long Island City dealership. Before visiting our team, be sure to check out the new incentives and pre-owned vehicle specials we’re providing.