Getting the relationship off on the right foot
We look at vehicles differently. As we say, it’s more than just a new car, it’s the start of a 10-year relationship, courtesy of our unbeatable Diamond Advantage Warranty.
Our approach to finance is the same. It’s how we get you into the Mitsubishi you want, in the way that suits you best.
We’re flexible, competitive and we’ll tailor a finance or leasing package that works for you. Being manufacturer-backed means we’re perfectly suited to vehicle finance.
All that’s left to do is find the perfect finance option.
When you want to start your 10-year relationship, we’re right here to help you.
Call us on 03 379 0588 or contact our Business Manager – Pauline Kearney via firstname.lastname@example.org
Need Private or Business Finance? We can help you there.
“Finance Mitsubishi” is the name of financial services for Mitsubishi vehicles provided by Mercedes-Benz Financial Services New Zealand Limited.
Consumer Credit Agreement
HOW DOES IT WORK?
Finance Mitsubishi’s Consumer Credit Agreement is straightforward and flexible. Simply work out what deposit and repayments suit you, and how long you need to pay your Mitsubishi off. The higher the deposit, the lower the payments will be.
HOW OFTEN DO I HAVE TO PAY?
It’s up to you. You can pay weekly, fortnightly or monthly. You can use either automatic payment or pay by direct debit for your monthly payments. The Consumer Credit Agreement can be from 6 months to 60 months.
WHAT IF SOMETHING HAPPENS AND I CAN’T PAY?
We understand that situations change, so the best thing to do is talk to our Business Manager – Pauline Kearney on 03 379 0588 via email@example.com
WHAT HAPPENS AT THE END OF MY CONTRACT?
Full title and vehicle ownership is transferred to you and our legal interest in the vehicle is removed. Long story short, the vehicle’s all yours.
DO I HAVE TO INSURE THE VEHICLE?
Yes, you’ll need to insure the vehicle throughout the contract period.
Benefits of Consumer Credit Agreement
- Once the loan’s repaid, you have full ownership
- Loans available from 6 to 60 months
- Very competitive fixed interest rates
- Fixed monthly payments
- Cashflow option to outright cash purchase
- Loan is secured by the vehicle itself
- Structure repayment options
Business Operating Lease
Your vehicle is leased to you for a fixed period and a specified number of kilometres. At the end of the lease period, you simply return the vehicle and Finance Mitsubishi can help you into a new one (some charges including damage and excess usage may apply). Ownership of the vehicle is retained by Finance Mitsubishi right through to disposal.
HOW DOES AN OPERATING LEASE WORK?
You have all the benefits of a new vehicle but your monthly payments are generally lower because you do not own it.
HOW LONG DO I LEASE FOR?
You can lease a passenger vehicle for a term of 12 months to 45 months. A light commercial vehicle or truck may be leased for up to 60 months.
A typical lease period is 36 months.
HOW DO I PAY?
Lease payments are paid one month in advance and monthly thereafter.
DOES THE VEHICLE NEED TO BE INSURED?
You’ll need to insure the vehicle comprehensively throughout the term of the lease. Finance Mitsubishi can arrange Mitsubishi Motor Vehicle Insurance for you.
HOW OFTEN DOES THE VEHICLE NEED TO BE SERVICED?
The vehicle must be serviced in accordance with manufacturer’s requirements. The cost of servicing, maintenance, registration and replacement tyres can be included in the monthly payment and spread over the term of the lease. Alternatively, you can meet the cost of the vehicle servicing and maintenance as and when required.
IS THE LEASE TAX DEDUCTIBLE?
Rentals may be fully tax deductible as an operating expense. A GST component is included in each payment. We strongly recommend you obtain independent tax and legal advice before entering into this or any other finance agreement.
CAN I PURCHASE THE VEHICLE AT THE END OF THE LEASE TERM?
There is no provision for you to purchase the leased vehicle from Finance Mitsubishi. However, talk to us about further options.
Benefits of Business Operating Lease
- You get to use the vehicle without ownership
- Improved cashflow with fixed monthly rentals
- Off balance sheet finance
- Low initial outlay
- Rentals are treated as an expense*
- Disposal risk lies with Finance Mitsubishi, not you†
* You should seek independent taxation and financial advice
† Return conditions only