Mitsubishi have announced pricing and finance options for their new Oultander PHEV. The vehicle benefits from £0 VED, is Congestion Charge free and qualifies for the UK government’s £5,000 Plug-In Car Grant (P-ICG).
Since launching in April, Mitsubishi dealerships have been busy taking deposits and orders from eager customers. Deliveries are expected to start at the end of the month. Significantly, the Mitsubishi Outlander PHEV is priced under the expected price by the general media, with it being the same price as the diesel powered equivalent Outlander.
The pricing that follows is from the official Mitsubishi press release:
To help further the success of the plug-in hybrid sales within the business sector, Mitsubishi Contract Motoring is offering extremely competitive Contract Hire rentals.
| Rental Profile | Monthly Rental |
|---|---|
| 12-0-35 (10k miles per annum) | £219+VAT |
To complement Mitsubishi Contract Motoring’s headline offer above, segment leading additional profiles are also available:
| Rental Profile | Monthly Rental |
|---|---|
| 12-0-47 (10k miles per annum) | £205+VAT |
| Rental Profile | Monthly Rental |
| 12-0-59 (10k miles per annum) | £195+VAT |
6.9% APR Finance Option
In addition to the new contract hire and leasing rentals, both retail and business user customers can benefit from a 6.9% APR Finance option. This offer is available on both regulated and non-regulated finance plans.
A minimum deposit of 10% post grant is required. For retail customers, this type of proposition means that ownership passes upon signing the agreement and for business users, the vehicle is an asset on the balance sheet and lower monthly payments aid cash flow. For example;
| Vehicle Price1 | Deposit | Monthly Payments |
|---|---|---|
| £28,304 | £6,410 | £436[1] |
| Benefit in Kind | ||
1 Prices include VAT.
What’s more company car drivers will further benefit – if a customer is a 40% tax payer, the company car tax on Outlander PHEV is £665 in the first year and in tax years 2015/2016, company car tax increases will make the Outlander PHEV tax savings even bigger.
Furthermore, businesses will benefit as they can write-down the vehicle’s full value in the first 12 months.
Future Proof
In addition to these outstanding market leading finance offers, independent residual value advisors, CAP, have predicted the Mitsubishi Outlander will retain 49% of its on-the-road price after the £5,000 government incentive P-ICG and after three years and 30,000 miles – which is better than most combustion engined rivals.
In A Nutshell
The new, assertive Outlander PHEV offers a very comforting sense of quiet, protection and safety to its occupants – a quality car of substance designed for long-haul travelling, it’s more economical, dynamic, safe and with outstanding environmental credentials and 4×4 capability. With this in mind, the new Outlander PHEV represents a truly segment-leading SUV.
Source; Mitsubishi
