Does Mitsubishi have its own financing options in Australia?
Yes, Mitsubishi Motors offers financing options for customers looking to purchase Mitsubishi vehicles. Mitsubishi Motors Financial Services (MMFS) provides a range of finance solutions tailored to meet the needs of Mitsubishi customers, including:
- Consumer Finance includes traditional car loans, where customers borrow a set amount of money from MMFS to purchase a Mitsubishi vehicle and repay it over an agreed-upon term with interest.
- Novated Leasing may offer novated leasing options, where employees can lease a Mitsubishi vehicle through a salary packaging arrangement with their employer. This can provide tax benefits and convenience for both employers and employees.
- Chattel mortgage is a type of finance where the customer takes ownership of the vehicle at the outset, and MMFS provides funds for the purchase. The vehicle serves as security for the loan, and once the loan is repaid, the mortgage is removed, and the customer gains full ownership of the vehicle.
- Finance solutions, that are tailored to the needs of businesses, including commercial hire purchase, finance lease, and operating lease options for purchasing Mitsubishi vehicles for business use.
You can calculate the costs for a Mitsubishi car with our loan calculator.
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 8.25% | 223 |
| 5,000 | 15.25% | 413 |
| 5,000 | 22.25% | 603 |
| 10,000 | 8.75% | 474 |
| 10,000 | 15.75% | 853 |
| 10,000 | 22.75% | 1,232 |
| 15,000 | 9.25% | 752 |
| 15,000 | 16.25% | 1,320 |
| 15,000 | 23.25% | 1,889 |
| 20,000 | 9.75% | 1,056 |
| 20,000 | 16.75% | 1,815 |
| 20,000 | 23.75% | 2,573 |
You can also get more detailed calculations by using our financial calculators.
Where else can I get a loan for a Mitsubishi used or new car?
Major banks such as Commonwealth Bank, Westpac, ANZ, and National Australia Bank (NAB) offer car loans that can be used to finance the purchase of used Mitsubishi vehicles.
Credit unions like CUA, IMB Bank, and Teachers Mutual Bank may offer competitive car loan options for used Mitsubishi cars. They often provide personalized service and may offer lower interest rates than traditional banks.
Online lenders such as Wisr, RateSetter, and SocietyOne offer car loans that can be used to finance the purchase of used Mitsubishi vehicles. Online lenders often provide a quick and convenient application process.
There are specialist car finance providers in Australia that specifically focus on providing finance for used cars. These providers may offer flexible terms and competitive rates for financing used Mitsubishi vehicles.
You can see the similar FAQs at the link:
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Details of companies offering the financial services:
ANZ Bank
Head office’s address: 833 Collins Street
Contact center: 13-13-14
Phone: 61-3-9683-9999
Mail address: 833 Collins Street Docklands, Melbourne
Web-site: http://www.anz.com
Swift code: ANZBAU3M
Financial institution code: ANZ
Stock code: ANZ
ABN: 11 005 357 522
BSB: 015-891
CommBank
Head office’s address: 201 Sussex Street
Contact center: 13-22-21
Phone: 61-2-8055-4001
Mail address: Level 10, Tower One, Darling Park, 201 Sussex Street
Web-site: https://www.commbank.com.au/
Swift code: CTBAAU2S
Stock code: CBA
ABN: 48 123 123 124
Great Southern Bank (former CUA)
Head office’s address: Brisbane
Phone: 1300-705-750
Web-site: https://www.greatsouthernbank.com.au/
BSB: 814-282
NAB
Head office’s address: 800 Bourke Street
Contact center: 13-22-65
Phone: 61-3-8566-7023
Mail address: Level 4, 800 Bourke Street, Docklands, VIC
Web-site: http://www.nab.com.au/
Swift code: NATAAU3303M
Financial institution code: NAB
Stock code: NAB
BSB: 086-027
Responsive Lending
Head office’s address: 7 Scholar Drive
Phone: 133-156
Web-site: https://www.responsivelending.com.au/
Westpac Bank
Head office’s address: 275 Kent Street
Contact center: 13-20-32
Phone: 61-2-9155-7700
Mail address: 275 Kent Street, Sydney, NSW
Web-site: https://www.westpac.com.au/
Swift code: WPACAU2S
Financial institution code: WBC
Stock code: WBC
ABN: 33 007 457 141
BSB: 032-063