Compare Mitsubishi financing options
The Mitsubishi Group dates back to 1870, when it began as a Japanese shipping company. Mitsubishi arrived in Australia in 1980 after acquiring – and rebranding – the local Chrysler business. Mitsubishi manufactured cars in Australia for the next 28 years, before closing its factory in Tonsley Park, Adelaide, in 2008. Since then, it has imported all its vehicles. Mitsubishi has dealerships in Sydney, Melbourne, Brisbane, Perth, Adelaide, Hobart, Canberra and Darwin.
About Mitsubishi cars
Mitsubishi sells a range of small cars, sedans, family cars, SUVs, utes, sports cars, hybrids and electric vehicles.
Mitsubishi’s offering includes:
- Mirage Hatch ($14,990 to $17,490), a hatchback available in manual and automatic
- Lancer ($20,990 to $26,580), a sedan that comes in three different bodies
- ASX ($23,990 to $32,990), a compact SUV with a 2.0L petrol engine
- Eclipse Cross ($29,990 to $41,880), an SUV with a 1.5L engine
- Outlander ($28,990 to $48,290), a family SUV with five- or seven-seat layouts
- Outlander PHEV ($49,990 to $57,990), a plug-in hybrid SUV
- Pajero Sport ($44,990 to $56,990), a 4WD with either five or seven seats
- Pajero ($49,990 to $63,990), a 4WD with a seven-inch touch screen
- Triton ($23,990 to $46,990), a ute with three different cab options
Mitsubishi is a popular car brand, with models appealing to an assortment of tastes and prices.
Mitsubishi sells sporty hatchbacks for younger types who want to buzz around the city, roomy SUVs for couples who need space for kids and their gear, utes for tradies who want somewhere to store their tools and plug-in hybrid electric vehicles for those who value next-gen technology.
Mitsubishi dealers can be found in all eight capital cities as well as selected regional locations. All new Mitsubishi vehicles come with a warranty for five years or 100,000 kilometres – whichever occurs first.
Prices range from budget to mid-range, with Mitsubishi offering loans for those who need help financing their purchase. Buyers can also sign up for roadside assistance.
Mitsubishi also offers ‘capped price servicing’, which imposes maximum prices on scheduled regular services for up to three years.
How can I get a Mitsubishi car loan?
Mitsubishi offers its own secured car loan product, which includes a fixed rate, a loan term of one to five years and three different repayment options (weekly, fortnightly, monthly).
However, by shopping around for a Mitsubishi car loan, there’s a good chance you’ll find a better deal than if you opt for the convenience of dealer finance.
If you want to organise your own Mitsubishi car loan, one option would be to go directly to your preferred lender.
Another option would be to engage a finance broker to compare options from a panel of lenders and organise the loan on your behalf.
A third option would be to use a comparison website like RateCity, where you can compare dozens of car loans and filter them based on interest rates, fees and features.
How much does a Mitsubishi car loan cost?
Here are the approximate running costs for three different Mitsubishi models, based on RACQ category averages:
|Model||Category||Cents/km||Average $ per week|
|Lancer ES Sport||Medium||70.1c||$202.16|
|Pajero Sport GLX||SUV medium||71.9c||$207.31|
Here’s how much a five-year loan will cost for three different Mitsubishi models if you borrow 100 per cent of the purchase price over five years:
|Model||Price/loan||Total repayments at 6%||Total repayments at 8%||Total repayments at 10%|
|Lancer ES Sport||$20,990||$24,348||$25,536||$26,759|
|Pajero Sport GLX||$44,990||$52,187||$54,734||$57,354|