Use this Mitsubishi lease calculator to estimate the monthly payment, amount due at signing and total cost of leasing an Outlander, Outlander PHEV, Eclipse Cross or Mirage.
Mitsubishi has a small US lineup built around affordable crossovers, and dealers often price them well below MSRP. That can make the lease payment look attractive, but Mitsubishi residuals tend to be lower than average, so it pays to run the full numbers before you sign.
Mitsubishi Lease Calculator
Enter the numbers from your Mitsubishi dealer’s lease worksheet, or keep the example values to see how a typical lease works, then press Calculate Lease.
Estimates only. The starting values are an example, not a Mitsubishi offer. Your dealer’s lease worksheet and your lease agreement list the actual MSRP, selling price, residual value, money factor and fees. Changing the term or mileage moves the residual by an estimated amount.
Who Writes Mitsubishi Leases?
Mitsubishi does not run its own captive lender in the US the way Toyota or Honda do. Ally Financial is Mitsubishi’s preferred finance provider, and many dealers also lease through banks and credit unions. That means the residual values, money factors and lease-end rules depend on which lender is on your contract, so ask the dealer to name it.
Using This Calculator for a Mitsubishi Quote
- Choose your Mitsubishi. Pick the Mirage, Mirage G4, Eclipse Cross, Outlander, Outlander PHEV or Outlander Sport.
- Enter MSRP and the selling price. Mitsubishi dealers often discount, so the selling price may be well below MSRP.
- Add the residual and money factor from your worksheet, then choose a term and mileage plan.
- Fill in money down, rebates, fees and tax.
- Press Calculate Lease to see the payment, due at signing and total cost.
The Residual Problem, and How a Discount Fixes It
A lower residual means you pay for more of the car’s value during the lease. On a Mitsubishi, the usual way around it is the selling price. Because the residual is a percentage of MSRP while the depreciation starts from the negotiated price, a large discount shrinks the amount you pay for.
Here is a worked example with an Outlander-sized SUV: $34,000 MSRP, negotiated to $31,000, $1,000 down, a 50% residual and a 0.00280 money factor (6.72% APR), 36 months at 12,000 miles a year, with 7% tax on each payment. It is an illustration, not a Mitsubishi offer.
| Step | Math | Result |
|---|---|---|
| Adjusted cap cost | $31,000 − $1,000 | $30,000.00 |
| Residual value | $34,000 × 50% | $17,000.00 |
| Monthly depreciation | ($30,000 − $17,000) ÷ 36 | $361.11 |
| Monthly rent charge | ($30,000 + $17,000) × 0.00280 | $131.60 |
| Base payment | $361.11 + $131.60 | $492.71 |
| Payment with 7% tax | $492.71 × 1.07 | $527.20 |
Try raising the selling price to the full MSRP in the calculator. The payment climbs by close to $100 a month, which shows how much of a Mitsubishi deal comes down to the price.
Lease or Buy a Mitsubishi?
| Leasing makes sense if | Buying makes sense if |
|---|---|
| You want the lowest monthly payment and a new car every few years. | You plan to keep the car well past the warranty. |
| There is strong Mitsubishi lease cash on the model you want. | The residual is low and there is no lease support. |
| You drive a predictable number of miles each year. | You drive a lot, and overage charges would add up. |
Mitsubishi’s long powertrain warranty is a point in favor of buying and keeping the car. Leasing makes more sense when the monthly offer is subsidized.
The Outlander PHEV
The plug-in hybrid Outlander costs more than the gas model, so its payment is higher unless lease incentives close the gap. The federal clean vehicle credit for leased vehicles ended on September 30, 2025, so it no longer brings the payment down. Enter any Mitsubishi lease cash in the rebates field and compare both versions over the same term.
Before You Return the Car
- Check the lease agreement for the disposition fee and per-mile overage charge, since they vary by lender.
- Schedule a lease-end inspection a month or two early.
- Compare the buyout price with what similar used Mitsubishis sell for. If the buyout is lower, buying may be the better move.
- Ask whether the disposition fee is waived if you lease another Mitsubishi.
The Four Numbers in a Mitsubishi Lease
MSRP
The window sticker price, including destination and options. The residual is a percentage of this number.
Selling Price
What you agree to pay. With Mitsubishi’s frequent discounts, this is where the biggest savings usually are.
Residual Value
The lender’s estimate of the car’s value at lease end. Mitsubishi residuals tend to be lower than average.
Money Factor
The lease rate as a decimal. Multiply by 2,400 to compare with an APR. Because Mitsubishi leases may come from different lenders, rates can vary from dealer to dealer.
Sales Tax on a Mitsubishi Lease
Your state decides how leases are taxed. Most add tax to each payment. A handful charge tax on the sum of all payments at signing, and some tax the vehicle’s full price. Pick the right method in the calculator, as it changes the amount due at signing.
What Is Due at Signing on a Mitsubishi Lease
The usual items are the first payment, the acquisition fee, the dealer’s doc fee, title and registration, plus any cash down. Because fees can vary by lender, ask the dealer for a full breakdown and enter each item in the calculator.
Mitsubishi’s Warranty and the Lease
Mitsubishi offers one of the longest powertrain warranties in the industry, and its new vehicle warranty covers the whole of a typical lease. That means you are unlikely to pay for major repairs while leasing. The long powertrain coverage is also a reason to consider buying, since it applies for years beyond the lease. Some coverage is limited to the original owner, so check the terms.
Leasing the Eclipse Cross or Outlander Sport
The Eclipse Cross and Outlander Sport are Mitsubishi’s smaller SUVs, priced below the Outlander. Their lower prices mean lower payments, and dealers often discount them. Compare both with the same term, miles and down payment in the calculator, and look at the total cost.
Leasing the Mitsubishi Mirage
The Mirage hatchback and Mirage G4 sedan are among the lowest-priced new cars sold in the US. Low prices mean low depreciation in dollars, so even with a modest residual, the payment can be very low. For a car this inexpensive, it is worth comparing a lease with a short loan, since buying and keeping a cheap, efficient car can also cost very little over time.
Insuring a Leased Mitsubishi
Leased cars must carry comprehensive and collision insurance, and the lender usually sets minimum liability limits too. If the car is totaled, GAP coverage covers what you still owe beyond the insurance check. Because Mitsubishi residuals tend to be lower, the gap early in a lease can be large, so check that you have it.
Ending a Mitsubishi Lease Early
Ask the lender for a payoff quote and compare it with a dealer’s trade-in offer. If the payoff is higher than the trade-in value, you will owe the difference. If you just return it early, expect early termination fees.
Picking a Mileage Plan
Choose a plan that covers your real driving. On a 10,000-mile plan, driving 12,000 miles a year means 6,000 extra miles over three years, which at 20 cents a mile adds $1,200 at lease end. Buying miles at signing usually costs less.
The Outlander’s Third Row
The Outlander is one of the few compact SUVs with a third row of seats. It is small, best suited to children or short trips, but it can make the Outlander a cheaper alternative to a midsize three-row SUV. If you need the extra seats only now and then, compare the Outlander’s lease cost with larger SUVs in the calculator. The savings over a three-year lease can be significant.
Lease Cash and Mitsubishi Offers
Mitsubishi often supports its models with rebates and lease cash, and dealers add their own discounts on top. Lease cash lowers the cap cost directly, without changing the residual, so it is just as valuable as a price cut. Enter it in the rebates field in the calculator. Ask the dealer which offers apply to a lease and which apply only to a purchase, since they are not always the same.
Mitsubishi Versus Its Rivals
The Outlander competes with the Toyota RAV4, Honda CR-V and Nissan Rogue, and it offers a third row that many rivals do not. Rivals tend to have higher residuals, but Mitsubishi often offers larger discounts. Put both quotes into the calculator with the same term and miles, and compare the total cost.
Where the Numbers Come From
The calculator uses the standard lease formula: depreciation plus a rent charge, with tax applied the way your state requires. Those first numbers are an example to get you started. With your worksheet numbers, the result should match your contract closely.
Frequently Asked Questions
Who finances Mitsubishi leases?
Mitsubishi does not have its own US captive lender. Ally Financial is its preferred provider, and dealers may also use banks or credit unions, so the terms depend on the lender.
Why are Mitsubishi lease residuals lower?
Residuals reflect expected resale value, and Mitsubishi models have historically lost value faster than some rivals. A big discount off MSRP helps offset that.
Which Mitsubishi is the cheapest to lease?
The Mirage usually has the lowest payment because it is one of the lowest-priced new cars. Among SUVs, the Eclipse Cross and Outlander Sport cost less than the Outlander.
Can I lease the Outlander PHEV?
Yes. The federal EV credit for leases ended on September 30, 2025, so look for Mitsubishi lease cash to lower the payment.
Can you haggle on a Mitsubishi lease?
Yes. Haggle on the price of the car first, then check the money factor against the buy rate and question every add-on. Residuals are fixed by the lender.
Should I buy my Mitsubishi at lease end?
If the purchase price in your agreement is lower than what similar used models sell for, buying can be a good deal, and it avoids mileage and wear charges.
How is a Mitsubishi lease payment calculated?
Subtract the down payment and rebates from the selling price, subtract the residual and divide by the term for depreciation. Finally, add the rent charge and the sales tax your state applies to leases.
Can I end a Mitsubishi lease early?
Yes. You can end it by buying the car, trading it in or returning it, but an early return often costs the most. Ask the lender for a payoff quote first.
Does the Mitsubishi warranty cover a leased car?
Yes. The new vehicle warranty covers the car throughout a typical lease. Some long-term powertrain coverage applies only to the original owner.
Is the Mitsubishi Outlander a good lease?
The Outlander offers a third row and often comes with big discounts. Its residual tends to be lower than rivals, so compare the total cost in the calculator.