Buying a new Mitsubishi? Compare your Mitsubishi loan options | Finder

Mitsubishi finance options

Find out how to finance your Mitsubishi and compare loans now.

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Mitsubishi is a Japanese automotive manufacfturer and the 16th biggest carmaker in the world. The company was founded in 1970 and is currently part of the Renault-Nissan-Mitsubishi Alliance.

Mitsubishi models available in Australia

There are currently 10 new Mitsubishi models available for purchase in Australia, including a hatchback, sedan, SUVs and utes.

  • Triton
  • Pajero
  • Pajero Sport
  • Outlander
  • Outlander PHEV

  • Mirage Hatch
  • Triton 18
  • Eclipse Cross
  • ASX
  • Lancer

Data updated regularly
Name Product Number of seats ANCAP rating Price (from) Finder Score Read Review | Find a deal
Mitsubishi Pajero Sport
7 seats
5 stars
$45,000
77.33%
Read Review
Find a Deal
on Georgie’s website
Mitsubishi Outlander
7 seats
5 stars
$28,750
73.75%
Read Review
Find a Deal
on Georgie’s website
Mitsubishi Triton
5 seats
5 stars
$22,490
80.5%
Read Review
Find a Deal
on Georgie’s website
Mitsubishi ASX
5 seats
5 stars
$23,490
71%
Read Review
Find a Deal
on Georgie’s website
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How much does it cost to buy a Mitsubishi?

The purchase prices of popular Mitsubishi models are as follows:

  • 2019 Mitsubishi Mirage ES Manual: $14,990
  • 2019 Mitsubishi Lancer Manual: $20,990
  • 2019 Mitsubishi ASX Manual: $23,990
  • 2019 Mitsubishi Outlander ES Manual: $28,990
  • 2019 Mitsubishi Pajero Manual: $49,990

Other costs to consider

  • Maintenance and repairs. You will need to cover the cost of any repairs or servicing, so it's worth keeping your car in good working condition to avoid any unnecessary repairs.
  • Insurance. You're required to purchase compulsory third party (CTP) insurance to be able to drive in Australia. There are also other insurance products to cover incidents of theft, fire or any other accidental damage. The price of insurance varies based on the type of insurance you require, as well as your own driving history, age and gender.
  • Fuel. You will need to cover the cost of any fuel you use, which is determined by how much you use the car, as well as the fuel efficiency of the model you choose. The ATO defines a fuel-efficient car as one with a fuel consumption of less than 7L/100km. According to Redbook, the 2019 Mitsubishi Mirage ES Manual has a fuel efficiency of 4.7L/100km, whereas the 2019 Outlander ES Manual has a fuel efficiency of 7L/100km and the 2019 Pajero GLX Auto has an efficiency of 9.1L/100km.
  • Stamp duty. You will need to pay stamp duty when you purchase a new or used car, and this will vary by state or territory. You can estimate what you'll need to pay using our vehicle stamp duty calculator.
  • New car extras. Optional add-ons such as automatic transmission and leather seats can add significantly to the overall purchase price of your vehicle.
  • Cost of finance. If you plan on using a car loan or other finance option to fund your Mitsubishi purchase, you will need to factor in the cost of the finance as part of your overall costs. See below for more information on your financing options.

What type of financing options are available?

There are a variety of options to choose from when you're looking to finance your Mitsubishi. Some of these include:

  • Secured car loan. A secured loan has a more competitive interest rate as your new Mitsubishi is used as security, so there is less risk to the lender. However, there are restrictions with these loans as you're usually only able to purchase a new car or a used car that is up to six years old. The age restriction varies from lender to lender. Secured car loans generally range from $5,000 to $100,000.
  • Unsecured personal loan. An unsecured personal loan doesn't require to you use the vehicle as security against the loan. You will generally receive a higher interest rate than on a secured loan.
  • Dealership finance. Mitsubishi has a range of personal and business finance options that can be tailored to your financial situation. It offers a number of personal loan options with balloon payments as well as various business finance options such as salary packaging.
  • Novated lease. This agreement between you, your employer and a finance company allows you to make your car repayments pre-tax, giving you more disposable income and less stress about making repayments.
  • Chattel mortgage. A chattel mortgage is where funds are advanced to you and the finance company retains title of the car until you pay off the loan. A chattel mortgage is an option to consider if you want to use a vehicle primarily for business (50% or more).

Factors to consider when financing your Mitsubishi

Some of the features that will help you decide between your finance options include:

  • The interest rate. Remember to compare the interest rates on similar loans. To give you an idea of the true cost of your loan, look at the comparison rate. This includes the interest payments plus fees.
  • Fees (upfront and ongoing). Whether a loan has an application fee, a monthly charge or a steep late repayment fee will be factors to consider, as these all add to the cost of your loan.
  • Repayment flexibility. Lenders will generally allow you to tailor your repayments to your cash flow, whether that be weekly, fortnightly or monthly. The ability to make extra repayments will also bring your interest down, but check if you can redraw on these if needed.
  • Balloon payments. This is an amount (usually $5,000 or more) that is deducted from your principal and must be paid in a lump sum at the end of your loan. Balloon payments usually come with dealership finance loans. While a balloon payment reduces your regular repayment amounts, you will need to keep it in mind as you pay off the loan. Check if your loan requires this before making a final decision.

Compare car loans

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
IMB New Car Loan
4.99%
(fixed)
5.34%
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Plenti Car Loan
From
4.89%
(fixed)
5.44%
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Loans.com.au - New and Dealer Used Car Loan
From
4.67%
(fixed)
5.22%
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
You'll receive a fixed rate from 4.67% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
MoneyForJam Car Loan
From
3.25%
(fixed)
5.82%
You'll receive a fixed rate from 3.25% p.a. based on your risk profile
Borrow between $5,000 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers.
You'll receive a fixed rate from 3.25% p.a. based on your risk profile
Borrow between $5,000 and $120,000 with loan terms up to 7 years to finance a new or used car. Get access to more than 40 providers.
Credit Concierge Car Loan
From
3.85%
(fixed)
4.91%
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
CUA Secured Fixed Car Loan
6.79%
(fixed)
7.16%
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Latitude Personal Loan (Secured)
From
5.99%
(fixed)
7.26%
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Stratton Finance New Car Loan
From
3.85%
(fixed)
4.05%
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
SocietyOne Car Loan
From
6.99%
(fixed)
6.99%
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Driva Car Loan
From
3.95%
(fixed)
5.1%
You'll receive a fixed rate from 3.95% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
You'll receive a fixed rate from 3.95% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
RACV New Car Loans
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
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Compare car insurance side-by-side and get quotes

Data updated regularly
Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost plus you will get 15% discount on first year's premium when you take out a policy online. Budget Direct’s claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If you're over 30, you can get roadside assistance free for a year.

Who it might be good for: Coles customers and Flybuys collectors.
Poncho Comprehensive
Agreed
Finder's summary: Poncho works like a monthly subscription – you pay monthly and can cancel and leave at any time. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month to month.
Woolworths Comprehensive
Optional
Agreed or Market
Finder's summary: Woolworths catches our eye due to some unique perks like a price-beat guarantee, where it'll beat any current comparable comprehensive renewal notice if you're over 25. You'll also get 10% off your grocery shop once a month and can add roadside assistance onto your policy for just $7.35 per month.

Who it might be good for: Woolworths shoppers and those that want to take advantage of its price-beat guarantee.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value. Plus earn Qantas Points for joining and paying your premium. Sign up by 2 May 2021, you can earn up to 30,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.
ahm Comprehensive
Optional
Both
Finder's summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums plus you can get up to 15% off when you purchase a new car insurance policy. T&Cs apply. Additionally, their Fixed Kilometre Plan can save you up to 30% compared to their standard comprehensive cover.

Who it might be good for: People who drive less than 15,000 km per year.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs Apply.
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Other questions to consider

Should I get a used or new Mitsubishi?

There are pros and cons to both. For example, a new car comes with no faults and a warranty, but it can be a big expense and devalues quickly. If you decide to go with a used car then you may be able to get a better model for your budget and it will depreciate more slowly, but try to learn as much as you can about the car's history and any faults before making a decision. Also be aware that you may not be able to get a secured loan on a used car, depending on its age.

Where do I find the features of a loan?

If you're trying to find this information on a lender's website, the features should be clearly listed with the interest rate. If you can't find them, maybe give that one a miss. Most lenders are more than happy to tell you about the benefits of their loans, but remember to look closely at any costs as well.

Are there other business options for me if I want to purchase a vehicle?

You have the option to choose between a chattel mortgage, a financial lease, a commercial hire purchase or a novated lease. If you want to know more about these options, click here.

Mitsubishi reviews

Not completely sure if you want to buy a Mitsubishi? Compare it with its competitors by reading our car reviews and comparisons.

More guides on Finder

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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