Manufacturer sets rebates and end-date, typically last day of month. No telling what it will be tomorrow. Federal tax credit will be so that 5800 will be there. Car will be a month older, and it’s possible Mitsu pulls lease incentives all together and moves to purchase.
Check Edmunds for buy rate residual and MF. I happened to look at these this month (interior wasn’t for me) and what I got was:
If you’re worried about diff between dealer and website, double check you used right zipcode. Skimming those Edmunds forums some zips had much higher incentives in different cities/states for same vehicle/term. It depends where you live.
I wouldn’t put any money down, $0 due at signing. And easier to compare deals and if it’s totaled tomorrow you’re upfronts are gone.
It’s late on last day of month but I would have gotten one more dealer in the competition. There are TONS of these leftover, tax credit and HOV eligible Outlander PHEVs on the ground as of last week when I wrote it off.
Mitsubishi and their dealer network border on “Buy Here Pay Here” predatory lending at this point. There’s a million other better cars that you can get for that kind of money and they know it too.
Not many PHEVs that I can fit a pinball machine in. By the time you factor in fuel economy vs my 4.8l Expedition, it would have cost about maybe $150/mo more than the 21 year old truck I’m driving. Seems like the safety is better and reliability is better for that increased price. Then if gas goes up $1 I’m at parity.
Is this in California? Maybe they are factoring in the 3500 dollar CVRP rebate as cash down? Since you get it back it ends up being net zero down, or DAS if that’s all you have to put down at signing, which I’ve noticed is a common tactic among California dealers that’s not necessarily frowned upon since you get it all back via CVRP if you qualify.
Used the Mitsubishi website as the locator, it only found three 2018 PHEVs for lease in north Atlanta radius, at a dealer an hour away.
Through another source, found a cluster of them at a Chrysler dealer, who couldn’t lease them, because he bought them off the adjacent Mitsubishi lot to sell as used, although they only have a few hundred miles. They were going for 27.5k and 27.8k.
Lease: $289 per month / 36 months / $3,088 due at lease signing. Includes required refundable security deposit.
Excludes tax, license, title, registration, documentation fees, insurance and the like.
Lease example for 2018 Outlander Phev SEL S-AWC 1AT, MSRP $34,920 plus $1,095 ($1,220 Alaska / Hawaii) destination handling.
Due at signing is if customer applies $1,000.00 lease rebate. Available through Ally Financial, subject to approved credit and insurance.
Net capitalized cost is $27,423 and includes $595 acquisition fee and $4,800 capitalized cost reduction allowance offered by Ally Financial.
Option to purchase at lease end at price determined at lease signing.
Lessee is responsible for maintenance, repairs, excess wear, and $0.20 per mile over 12,000 miles/year.
Not all customers will qualify.
Price, terms and vehicle availability may vary.
Other lease terms/details apply.
This offer may not combine with factory cash rebates.
See your participating dealer for details.
Offer valid from 05/01/2019 through 05/31/2019.
Seems to me, there is only $455 difference between the offer sale price $35,375 vs. the example price of $34,920, yet the DAS was $400 higher, and the monthly payment was $50 higher.
Once in a few weeks. I usually buy them broken, then take them to my repair man, then pick them up. that’s sometimes three transports per machine. I probably have about 22 now.
I guess Mitsubishi has to protect their retail price with the general public by not letting them go too cheap.
My recommendation for every “I need a large vehicle” post is the same: cheap 3rd gen Honda Odyssey. I was wondering how many golf bags I could fit in mine yesterday. Maybe 80?
