Mitsubishi Outlander: A Hidden Gem with Massive Discounts
Are you in the market for a new SUV? You might want to consider the Mitsubishi Outlander, especially with the current deals available. Let's dive into why this often-overlooked vehicle could be your next smart purchase.
The State of Mitsubishi in America
Mitsubishi dealers are facing challenges, with 80% of their inventory being leftover 2024 models. Sales have plummeted across the board, and both executives and dealers agree that significant changes are needed to keep Mitsubishi alive in the American market.
Key Issues:
Lack of advertising leading to low brand awareness
Difficulty attracting customers to dealerships
Struggle to compete with other popular SUV brands
The Mitsubishi Outlander: A Diamond in the Rough
Despite Mitsubishi's overall struggles, the Outlander has shown promise. In fact, 2024 was its best year ever in terms of sales.
Outlander Sales Growth:
2015: ~20,000 units
2024: ~52,000 units
While these numbers pale in comparison to giants like the Toyota RAV4 and Honda CR-V (both selling over 400,000 units), it's a significant improvement for Mitsubishi.
Current Inventory and Availability
Mitsubishi is facing an inventory challenge:
Total Outlanders available: ~3,000 (excluding plug-in hybrid)
2025 models: Only 200 units
2024 models: The remaining 2,800 units
Most available models are the SE AWD trim, followed by SEL and ES trims.
Massive Discounts Available
Here's where things get interesting. Mitsubishi is offering substantial discounts on the Outlander:
Example: Outlander SEL AWD in Red Diamond paint
MSRP: $39,525
Potential discount: Up to $10,000 (advertised by some dealers)
While a 28% discount might be optimistic, aiming for 10-13% off MSRP is realistic. That could bring the price down to around $34,979 before rebates and incentives.
Incentives and Financing Options
Mitsubishi is sweetening the deal with attractive incentives:
0.0% financing for up to 60 months on all Outlanders
$4,500 rebate on SEL trim (if not opting for promotional financing)
Additional $1,000 rebate for trading in a competitive brand or for loyal Mitsubishi customers
Financing Scenarios
Let's compare two financing options:
0.0% financing:
Price: $34,979
Monthly payment: $597 (60 months)
Total 5-year cost: $38,068 (including taxes and fees)
Cash rebate with standard financing:
Price after rebate: $30,479
Monthly payment: $604 (60 months at 5.9% APR)
Total 5-year cost: $38,492 (including taxes and fees)
The difference is minimal, so choose based on your long-term plans and cash flow preferences.
Leasing Option
While leasing is available, it may not be the best value:
36-month lease: $529/month
Total 3-year cost: $21,506
Given the attractive purchase options, buying might be a better choice for most consumers.
Conclusion: Is the Mitsubishi Outlander Worth It?
The Mitsubishi Outlander offers incredible value, especially with current discounts and financing options. While it may not have the brand recognition of its competitors, it's a solid SUV that could save you thousands.
If you're in the market for a new SUV, don't overlook the Outlander. With discounts of up to $10,000 and 0% financing available, it's definitely worth a test drive.
Have you considered the Mitsubishi Outlander? What are your thoughts on these incredible deals? Share your opinions in the comments below!