Pretty sure this deal can be replicated as they have a handful left, but I just picked up another 2018 Outlander PHEV.
Please note that I put zero down, but the Outlander PHEV also qualifies for the $2,500 rebate from the state of Texas when leased for 36 months.
Dealer / Ally also has sales tax credits available, which is what also helps make the lease so affordable.
This is our family’s 4th plug-in hybrid. Had to get an SUV for our growing family. Love driving electric (the Outlander PHEV has a 25 mile all electric range) but this also has full gas engine which allows us the ability to road trip.
Year, Make, Model, and Trim: 2018 Mitsubishi Outlander PHEV SEL (base model but still has leather, backup camera, etc.)
**Selling Price: $32,210
**Monthly Payment: $309
**Cash Due at Signing: $319
**Incentives: $5,050 ($4,800 for federal EV rebate and $250 Mitsu loyalty)
Note that Leashackr score jumps to 12.7 if you factor in the $2,500 rebate I’ll be getting from the state as an additional incentive.
Could have gotten a GT for prob an extra 50 a month, but all it really adds is a sunroof and upgraded stereo. Just not really worth it since the SEL is well equipped including leather, blind spot monitoring, backup cam, etc.
I don’t know what you mean but gutless and noisy. It’s primarily an EV and very quiet. When the engine kicks on, it’s a lot quieter than our 2014 Volt. Sounds like you should drive it. If you want an SUV EV with a gas engine for road trips, you don’t really have any other choices. We live in an urban area and can recharge at home with our upgraded charging, so even the 22 mile range will cover most of our daily usage and the gas engine allows us backup in case we want to road trip for family.
With regards to the $4,800 lease incentive, that is a capitalized cost reduction provided by Ally (in effect, it is them passing on the Federal EV Tax Rebate they will receive; if you purchased and had the taxable income, you would be able to receive a tax credit of $5,836). This should basically be offered universally across the US. Got a feeling you might just be dealing with a Mitsubishi dealer who doesn’t know about EVs. Definitely not unheard of. You might also qualify for a state rebate after the point of sale, but I can’t speak to specifics of Cali rebates.
I’m looking to get one of these for my wife. I was thinking purchase, but a lease is probably the better play here. Do you think I could get a similar deal in MA? Will they do 12k miles a year on these instead of the 10k?
Ryan when did you apply for the rebate? and when did you get the $$$?
When do I apply for the Tx Rebate leased the vehicle 12/24? I have emailed Brett my filled out form for him to fill out dealer info and requested singed by both parties copy of the lease contract and the tx application for title and registration.
I was working with a dealer in Nor Cal on a deal for this car, and they seem to think they’re sitting on a pot of gold and unwilling to negotiate beyond $200 off MSRP for a what’s a 2018 model that’s been sitting at the dealer for months.
Is $32K your gross cap cost?
A local dealer here in CA is quoting me $36K gross cap cost, $31K net cap cost, $2K due at signing, 10K miles, $400/ month payment incl taxes–how did you get such a great deal, or am I missing something?