Editor's choice: Carvana
- Most credit types welcome
- 45-day preapproval
- Seven-day guarantee
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Mitsubishi Motors, part of the Mitsubishi Group, is the sixth-largest car manufacturer in Japan. While it doesn’t offer a huge selection of models, it does have a very generous limited warranty on all of its new vehicles. And you have a range of financing options to consider, from taking out a car loan to working with Mitsubishi’s banking partner, Ally Financial.
There are multiple ways to finance a Mitsubishi, including car loans, personal loans and financing through the manufacturer. A car loan through an online lender, bank or credit union generally offers the lowest rates. But in order to get those rates, you’ll have to spend time comparing loans and filling out preapproval forms. Another option is to take out a personal loan, though this is typically more expensive since you aren’t using your car as collateral.
Financing through Mitsubishi may not be the most cost-effective option if you don’t have the best credit, but it could save you time. Mitsubishi doesn’t offer its own financing program, and instead works with Ally Financial to get you a loan to cover the cost of purchasing or leasing your vehicle.
Of course, the rates and terms you qualify for will depend on your credit score and financial situation.
*Rates as of November 5, 2018.
Unlike some other manufacturers that offer a variety of special car-buyer programs, Mitsubishi’s rebate options are limited.
Interested in getting behind the wheel of a new Mitsubishi? Take a look at the manufactured suggested retail price (MSRP) for some of the latest models to get an idea of how much you’ll need to borrow. The actual cost of your new Mitsubishi will vary based on where you live, your negotiating skills and any special promotions you qualify for, but you can expect to pay $13,395 to $35,795 for a basic trim.
Yes, every new Mitsubishi has a competitive five-year, 60,000-mile limited warranty that covers nearly every part of your new vehicle. The best part? It’s fully transferable to another owner — an uncommon feature these days. Mitsubishi also has a 10-year, 100,000-mile powertrain limited warranty and a seven-year, 100,000-mile anticorrosion perforation limited warranty.
While Mitsubishi doesn’t offer many special car-buyer programs, its warranty stands out from the competition. When it comes to financing, you have the option to pay for your new set of wheels through Mitsubishi’s banking partner, Ally Financial. Though you may be able to score a lower rate if you take out a car loan from a bank or online lender yourself.
To learn more about your options and compare lenders, read our guide to car loans.
Image source: shutterstock and Mitsubishi’s official page
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