Mitsubishi Finance Explained | Mitsubishi Motors

Clear Purchase (HP)

How it works

You pay a low deposit upfront and small monthly payments for your agreed term, once the agreement is over, the car is yours, clear and simple.

Calculate Finance

On a 36-month term, with an annual mileage of 10,000 and initial deposit of £3,195, you’ll pay £218 per month. Then the car is yours.

Calculate Finance

This is a form of Hire Purchase (HP). You decide on the deposit amount you want to put down and the length of the agreement to pay the rest. The amount of the deposit is then subtracted from the full price and the balance is divided up into clear, fixed monthly payments.

Why it might be right for you

There are fixed, regular payments – which makes it easier to budget
You own the car outright at the end of the agreement
You can choose a new or used Mitsubishi (up to 10 years old)
It’s flexible – you choose the size of the deposit and repayment term
Protection - You have Termination and Satisfactory Quality Rights.

Why it might not be right for you

The vehicle is not yours until the final payment is made
The vehicle may be repossessed if you don’t maintain payments
You must have fully comprehensive insurance cover

Flex Purchase (PCP)

How it works

Your monthly payments are kept low by leaving a large proportion of the cost until the end of your agreement. You can then choose to exchange, return or keep the car and make the final balloon payment.

Calculate Finance

A 36-month term, annual mileage of 10,000 and an initial deposit of £3,195. You pay £121 per month, with the option to make a final payment, return or exchange the car.

Calculate Finance

This is a form of Personal Contract Purchase (PCP). You choose the term and let us know what your annual mileage will be. We'll use this to predict the value of your car at the end of the agreement. To help keep you monthly payments lower, a large proportion of the cost is left until the end of your agreement if you choose to keep the car. It's called flex because you have the option to make the final payment, return or exchange the car.

Why it might be right for you

Monthly payments tend to be lower – which makes it easier to budget
You are protected from any fall in used vehicle values under the Goods Return option (If you hand the vehicle back)
Protection - You have Termination and Satisfactory Quality Rights

Why it might not be right for you

Monthly payments are kept low by deferring a significant proportion of the credit until the final payment. In other words, you’ll have a lump sum to pay at the end if you want to own the vehicle
The vehicle is not yours until the final payment is made
The vehicle may be repossessed if you don’t maintain payments
You must have fully comprehensive insurance cover

Personal Hire Plus (PCH)

How it works

Your monthly rental payments are based on your annual millage. When your agreement comes to an end you hand it back, hassle free. Only available for the Mirage and Outlander PHEV vehicles.

CALCULATE FINANCE

With a 10,000 annual mileage and an initial rental of £3,195. You pay £355 per month for 36 months. Then you hand the car back.

CALCULATE FINANCE

This is a form of Personal Contract Hire (PCH). You can choose the length of the agreement and tell us the maximum annual mileage that you’ll cover. We’ll base your monthly rental charge on this. You then pay an initial rental followed by fixed monthly rentals to suit your budget. You can even choose for us to maintain the vehicle – we’ll just add an extra charge to your monthly rental.

Why it might be right for you

Monthly payments are fixed and tailored to your budget
Terms are flexible – you choose contract period and mileage
Protection - You have Termination and Satisfactory Quality Rights
Zero depreciation risk – at the end of the contract simply return the vehicle
Road Tax included - renewed annually

Why it might not be right for you

At the end of the agreement you will not own the vehicle
You must have fully comprehensive insurance cover
You must maintain the vehicle in accordance with the contract conditions
Excess charges will apply if the vehicle is returned outside the condition and mileage terms

TERMS AND CONDITIONS APPLY

These quotations are indicative only. An accurate quotation can only be given following a full application for finance being completed via the dealer. Finance is available subject to status through Shogun Finance Ltd and is only available to UK applicants aged 18 or over. Terms and conditions apply.