North Side Mitsubishi

Auto Financing vs Leasing in Edmonton, AB

If you’ve been going back and forth between the best way to get behind the wheel of a new Mitsubishi, let us at Northside Mitsubishi help. We’ve put together this auto financing vs leasing in Edmonton, AB, overview to help make the deicision simple. If you have any further questions, don’t hesitate to give us a call at 780-328-7164!

We’ll start with the lesser known of the two options – leasing. Many customers don’t understand exactly what leasing entails or how it differs from buying a car and making payments on it. The main advantage to leasing is that you’ll get an array of options when the contract is up. Start by thinking about how long you want to drive the vehicle for. Typically lasting about two or three years, you won’t have to worry about being tied down to the same model for an extended period of time. At the end of your lease term, you’ll be able to upgrade for the latest model, continue leasing the same one, or switch things up with another vehicle entirely.

With leasing, you won’t have to save up for that large down payment, and your monthly bill will be based on the depreciation value rather than the sticker. You should keep in mind that your mileage does go into account, so try to estimate how far you will travel during the lease contract. As a guideline, we recommend leasing for those who travel under 12,000 miles. If you enjoy being on the cutting edge of technology and stepping into a fresh vehicle every few years, leasing is the way to go! Feel free to contact us if you have any further inquiries. 

Our auto financing vs leasing in Edmonton, AB, will now tackle the traditional purchase and payment plan method. Many customers can’t afford to pay outright for their vehicle purchase, which makes financing a popular option. It can be used to break down the sticker price on a new or used vehicle. In combination with a down payment amount and your credit history, you’ll be able to make installments that last anywhere from five to ten years. With financing, the vehicle is yours, so feel free to traverse as many miles as you want. Financing is a great option for those who like to stick with the same vehicle for the long haul and the ability to keep driving it even after it has been paid off.

Come to Northside Mitsubishi and explore all of the possibilities!  Our friendly staff is happy to help you navigate through auto financing vs leasing in Edmonton, AB. Visit us at 9670 125A Avenue in Edmonton, AB, today! 


Contact Information


Good team, great dealership!

December 14, 2015

We bought a VW beetle at the dealership. Jaime was our guy. We did not get chance to meet him in person. But he made sure, every thing was done seamlessly. Thanks every one for making our experience so great. Good team , Great dealership. Well deserved 5 stars. Thanks Again, Abbas & Komal

Diligent and professional

December 18, 2015

I bought new vehicle from this dealership about little over a month. I found Sharise (sales person) very knowledgeable of what she is selling. I appreciated her great way of communication and her friendly personality as well. Habib (manager) exercised his manager duty very diligently and professionally.

Fantastic and Friendly

January 4, 2016

I have to say I still don't have buyers remorse. I love my RVR. Everyone from reception to finance was fantastic and friendly. Trevor my salesman brought the test drive to ME. And ensured the deal was done how I needed. As little time in the dealership as possible. Hoda in finance Killed it.Thank you to the whole team. Also to whomever cleaned off the dirty licence plate that was on my floor ...... cherry on top

Knowledgeable and Respectful

December 16, 2015

When i came in i was unsure about what i wanted due to the fact i don't know a lot about cars. After speaking with Damian Stadola one of there very knowledgeable salesman it made my choice clear. 5/5. If you want to be treated with respect and talk to people who know what they are talking about go check out north side mitsubishi.

Very understanding - would definitely recommend!

December 17, 2015

although I didn't purchase a vehicle, Damian one of the most well versed and knowledgeable salesmen I have ever met! He was very understanding of my situation and gave me the options I didn't know I had. Would definitely reccomend others to him!

Truly a painless experience

January 11, 2016

Our salesman Damien Stodola was absolutely wonderful to deal with. He was kind, patient, informative and above all he wasn't pushy. Dakota and Hota in finance were super friendly and easy to deal with. Everyone at this dealership went above and beyond from John the sales manager to Christy in service. Thank you so much for the VIP treatment and having my brand new 2015 evo final edition cleaned,heated and ready to go. It was truly a painless experience.

More than I expected

December 28, 2015

I went into North Side Mitsubishi to purchase a new vehicle. Damian, was more than happy to help. Him and his accounts team did more than what I expected to fit my needs and help with getting me approved for financing. He and his team sent me to their sister company Londonderry Chrysler to fit me into exactly what my family needed in the price range I could afford. When I got to Londonderry Chrysler they had received all my information so I didn't have to start the process all over again. All I had to do was choose my vehicle. I am now riding in a wonderful Dodge Journey with awesome rims and more features than I expected. Thank you Damian. I will definitely refer all possible clients to you and your great accounting team.

Read More

Sales Hours

(780) 328-1538
Monday 9:00 am - 9:00 pm
Tuesday 9:00 am - 9:00 pm
Wednesday 9:00 am - 9:00 pm
Thursday 9:00 am - 9:00 pm
Friday 9:00 am - 9:00 pm
Saturday 9:00 am - 6:00 pm
Sunday 11:00 am - 5:00 pm

Dealership Information