FINANCE DEPARTMENT
Our Location
9670 125A Ave.
Edmonton, AB T5G 3E5
Finance: 780-479-5700
Mitsubishi Financing in Edmonton, AB
The financial aspect of purchasing a new vehicle can seem intimidating. That's why you need finance professionals by your side through the process. Northside Mitsubishi, has a professional team dedicated to helping our customers navigate all their options. From filling out the auto loan application to finding the best lease deals out there, we know it all like the back of our own hands, and we are ready to share the wealth of knowledge with you.
Are Car Loans a Good Idea?
Some drivers are hesitant to take out a loan for a new or new-to-them vehicle. But we are here to tell you: car loans are actually a good idea. Not only can financing a vehicle help to build your credit (whether it is already good, or could use some work), but it can also ensure you get the best car, truck, or SUV for your needs. When you take out an auto loan, your options expand far beyond what you can purchase straight from your bank account. This allows you to get something with all of the features you are looking for, and something that will be safe and reliable for years to come.
Auto Financing vs Leasing
The alternative to buying a new car is to lease one. A lease is sort of like a long term rental car. Depending on your contract, you will get to drive the brand-new vehicle anywhere from one to three years, without the obligation of owning it. In many cases, this means free maintenance, and lower monthly payments, which can save a lot of money in the short term. Plus, when you continue to lease over years, you will always have the newest car with all of the latest features. This can be great, but there are some benefits to financing a vehicle instead.
While leasing can save money in the short term, there is not much longevity to the savings. On the other hand, when you finance a vehicle, you are putting money into an investment, something you will soon own. Additionally, when you lease a vehicle, there is a limit to the number of miles you can drive each year, and going over will result in a financial penalty. So if you do a lot of driving, you likely want to finance a vehicle. But if you are looking for some immediate savings and drive minimally, leasing could be a good choice for you.
Meet Our Auto Finance Experts Today!
If you are ready to start sifting through new and used cars for sale, get in touch with us at Northside Mitsubishi today! Our financing experts are here to take you step by step through the entire purchase process, and are happy to answer any questions you may have in the meantime. Contact us today for more information or to set up an in-person appointment.
Meet Our Finance Staff
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