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When the time comes to buy a vehicle, it's only natural to consider the price of the model. That's the natural first step. However, there are other factors that influence the final bill, including one that plays a major role in the total price of the vehicle once it is returned at the end of the lease or purchase contract: the interest rate.
While the period before Covid-19 was very interesting, with rates generally very low across the industry, things have changed since then. At many addresses, the rates in effect are very high, which only adds to the monthly amounts a consumer has to fork out.
At Mitsubishi, we're well aware of this reality. That's why we always do our utmost to offer you the lowest possible rates, so that you can acquire a vehicle without breaking the bank.
Interest rates change frequently. You need to keep checking. What we can tell you, however, is that right now, things are interesting at Mitsubishi. The following examples speak for themselves.
Outlander PHEV
In the case of Mitsubishi's best-selling model in Canada in 2024, the plug-in hybrid version of the Outlander, it is currently possible to purchase the model at a rate of just 1.99%. As an added bonus, the buyer pays nothing for 90 days.
For leasing, a 3.99% offer is currently available for a 24-month agreement.
Outlander
The Outlander regular model is even more attractive, with an offer of 0.99% for leasing or purchase. With financing, a 90-day grace period is also available.
Eclipse Cross
For the Eclipse Cross, the offer is 4.99% for a 36-month lease, but only 1.99% for purchase financing, also with a 90-day grace period. For 2024 models still in stock, we're talking about 3.99% for a 36-month period.
RVR
The terms are similar with the smaller RVR; 3.99% on lease for 36 months, while on purchase you start paying in 90 days, with a financing rate of just 1.99%.
Mirage
Finally, for the remaining Mirage 2024 models, financing is offered at 2.99%, while leasing is currently at 6.79% for a 60-month term.
As you can see, there are many interesting offers across the range. It's something to keep an eye on every month, but Mitsubishi has been aggressive with interest rates for some time now, and the trend is unlikely to slow down over the coming months, especially as the Bank of Canada's key rate has just been revised downwards once again.
Don't hesitate to contact us for more information on current offers and to test-drive a model.
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