so if i understand it correctly, you will be paying a total of 810x36+2350= $31510 in 36 month period. And if you want to buyout you will another $23892+ tax to acquire the car. Thats a total of $55402. That’s a lot!!!
But why is the residual value $23892 ? how do they come up with this number?
because if you pay $31510 in 36 months out of a Net Cap Cost of $42092 then remainder should be $10582?
can someone explain?
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The residual is set by the bank at the beginning. You can just subtract total lease payments from the cap cost and get rv… thats totally ignoring the rent charge and taxes.
I thought Depreciation was actually a rent. Why do we have to pay an extra rent?
how do we negotiate this type of invoice?
Can rent be waived, is it negotiable?
Rent charges are essentially finance charges, which are part of your lease payment.
It’s not some junk add-on like door edge guards or VIN etching.
Its basically interest on a loan.
Dude do your future self a favor and don’t buy a Mitsubishi.
You’ll just be stuck with massive depreciation and an extremely high TCO compared to the quality of the vehicle (which is one of the lowest in the country).
I see this sentiment on LH, but I’m wondering how that applies to this specific model, the 2023 Outlander PHEV. The previous model, according to Mistu claims, was the best selling PHEV in the world (or maybe just outside the US). The current model looks much improved and built on the same platform as the Nissan Rogue. The Outlander is also one of the few PHEV 3-row vehicles available in the US (3rd row always tiny except maybe the Pacifica).
Or maybe this is speaking more to Mistu’s reputation than the actual vehicle?
Yeah, I’m wondering about that, too. I mean, the customer service and support may stink and depreciation may be horrific (and those are not insignificant considerations), but I imagine the car itself is probably fine.
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And the distance you have to drive to get your Mitsu serviced can be a big hassle. In the SoCal OC we have 1 dealer…one, and we are the home of Mitsu Corporate!
Costa Mesa is pretty central to most of OC.
But I agree with the sentiment of having more dealers for service… if anything for being able to have choice. Even though one particular brand dealer is closer to me… I prefer going to the other location because they have better customer service and a nicer waiting area.
Like @Cody_Carter Toyota… they have Subway inside and a Costco in walking distance. 
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Are we (I’m in SoCal, too)? Their website says head office is in NY.
And, when I put in my zip, I see 4 dealerships w/i decent driving distance (1 of which is not that bad at all).
But, yes, I agree that a poor dealer network is a huge drawback.
Best-selling usually just means cheap. What are the best-selling beers or burgers in the world?
“Much improved” over the previous POS isn’t exactly a high bar. And how low is that bar when a cheap Nissan platform is supposed to be an improvement?
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Hello,
Just wondering if anyone was able to get a lease deal on this vehicle yet?
I am located in the SF Bay Area, and the closest dealer to me is Hayward Mitsubishi, and haven’t contacted them yet. Just doing my research for now…
I read some of this thread and there seems to be these concerns summarized below:
- RV is bad (can this be negotiated? Or cannot because its structured as part of the finance company deal)
- MF is bad (What’s the equivalent in finance percent numbers?)
- Was there extra “rent”/lease payments in the total cost? (Is there an additional month payment, in the case of immediate buy out scenario?)
- SEL trim is the only model trim which has the benefit of $7500 pass through credit?
- Someone said, total cost is more expensive than a Mercedes EQS suv? (How’s that? Aren’t EQS a $80k vehicle?)
Thanks for any update from anyone who’s still looking at this vehicle.
no body told me that $7500 will on apply to SEL trim.
i got the following quote for PVEV SE S-AWC trim with MF of 0.00276
The sales price is $43,825.00 (this is MSRP plus destination and handling)
The total down payment is $4,737.04 (this amount includes required first month’s payment)
The total incentives and rebates equal $8,121.00
The term is 24 months
The mileage limit is 10,000 per year ($0.25 per mile over 10,000/yr)
Your final payment is $389.00 monthly for the 24 month term.
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Is that almost effective $570 before tax (if the $389 is pre-tax)?
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The quote I got did have the $7500 rolled in on an SEL trim but everything else about the quote was garbage. Zurich Shield my right foot.
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It feels like the 442 price is a unicorn. I sat down with my dealer in Tucson, Arizona and somehow we ballooned up to a three-year payment at 619. and then I was asking them about purchase price after the 24 month lease and the 36 month lease and they said the price to purchase would be the same at 39995.00. I know I’m new to leases but that doesn’t mean thing to computer makes sense to me. It seems as though I would be paying almost 65k for a $50,000 vehicle. for all the dealers talk they were giving me 7500 and another 2500. so my cost should be 40k, the numbers don’t add up… help!
With my quote it was that they weren’t counting any interest/rent charges in the ad, and they added in BS programs driving up the price.
Seems to me that with large and growing inventory and poor brand reputation they should want to make deals, but I think they’re so used to bamboozling ignorant people on Mirages that they can’t conceive of a fair, much less good, deal on the Outlander PHEV.
It is in NYC, 42nd street. We did their office last summer. Somone needs to pay for it. LOL.
BTW IMO they have the best AC slim units.
You’re just wasting your time. The lease payment doesn’t come anywhere near the bottom of the barrel that the product actually is. CC: @Spoonman
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