Year, Make, Model, and Trim: [2018 Mitsubishi Outlander SEL with touring Package]
MSRP: [$32,060]
Selling Price: [$25,839]
Rebates: [0]
Trade-in: [$0]
Months: [36]
Annual Mileage: [15,000]
MF: [0.00001]
Residual: [44%l]
Security Deposit: [$0]
Total Due At Signing: [$0]
Monthly Payment (incl. tax): [$0]
Zip Code: [60062]
Sales Tax Rate: [9%]
Lasehack score 8.2
Does this look right? $356 is a good monthly payment?
That sounds way too much to pay for any Mitsubishi that isn’t the Evo.
You can get a much better car for that. Equinox, Rogue, RAV4, CX-5 all come to mind. I’ve never met someone with an Outlander that actually likes it. One of my neighbors bought one and got hosed when he traded it in after a year. To her, it was unbearable
Mitsubishi’s setup at the NY Auto Show last year was one of the saddest things I’ve seen in ages. I don’t think this new Eclipse (LOL) SUV is going to change their fortunes much either.
That’s one of the worst residuals on a 3 year lease I’ve seen.
And that’s assuming that they are still doing business in America in 3 years…
Not only is the payment not good, the brand might not have much of a dealership netowork after 3 years for service, etc.