2020 mitsubishi outlander
MSRP
$26,090
CarsDirect Target Price
$24,389
Lease EstimateSee Lease Deals
$323/mo
Finance Estimate
$313/mo
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The monthly payment is based on the price of this vehicle assuming it is financed. If you choose to lease, you can also use the payment calculator to determine your lease terms. Default values for financing include: Term of months, APR of , and Sales Tax of . Default values for leasing include: Term of months, Money Factor of , Residual Value of , and Sales Tax of .

2020 Mitsubishi Outlander
Lease
$323 / month
Finance
$313 / month
Vehicle Price
A typical negotiated price before taxes & fees.
Incentives
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.00017917 for 36 month lease
Incentives
Incentives that help lower the selling price of a vehicle.
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2020 Mitsubishi Outlander Prices and Deals

John Diether
Automotive Editor - February 6, 2021
  • 2020 Outlander remains in stock
  • Lease: From $279 for 48 months
  • Rebates: Up to $2,500 off
  • Finance: From 0% APR for 60 months

Favorable pricing and selection:

One of Mitsubishi's mainstay models, the carryover 2020 Outlander remains in decent supply, and you can count on some level of dealer discounting.

The plug-in hybrid version, called PHEV, can travel up to 33 miles without using fuel. The PHEV qualifies for a $5,836 federal tax credit this year. Buyers in California are also eligible for a $1,167 Clean Fuel Reward.

You'll generally find better selection and pricing on the mid-range SE, which comes nicely equipped for family life. The base ES isn't as popular with buyers. The PHEV is stocked in far fewer numbers.

For 2021, the PHEV will get boost in both performance and efficiency. We expect the 2021 models to start arriving next month.

The entire Outlander line will be redesigned for the 2022 model year. The 2022s are scheduled to go on sale in the second quarter of 2021.

Current offers are available nationally and will remain in effect through March 1, 2021. Unlike other automakers, Mitsubishi doesn't run specials for Presidents' Day.

Lease: From $289 for 36 months

The 2020 Outlander ES now starts at $279 for 48 months (12,000 miles a year) with $2,828 due at signing. The effective monthly cost is $338, which is better than last month, but still not a good value in our analysis.

The 2020 PHEV starts at $279 for 36 months with $3,778 due at signing. This works out to an effective monthly cost of $384, an excellent value considering PHEV's much higher MSRP.

Rebates: Up to $2,500 off

There is no standard rebate this month on the 2020 Outlander, but there are other ways to save.

Buyers who finance through Mitsubishi will receive $1,000 bonus cash.

In addition, current Mitsubishi customers are eligible for a $750 loyalty bonus on the regular Outlander, and $1,500 on the PHEV. These bonuses are double the usual amount.

Finance: From 0% APR for 60 months

Mitsubishi continues to offer 0% financing for 60 months on all 2020 Outlander models. The deal comes with $1,000 bonus cash, and you remain eligible for the loyalty bonus.

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Advertised Lease Deals

2020 2.4 ES FWD
$279Monthly Payment
Term Length (months): 48
Due at signing: $2,828
Mileage: 12k
MSRP: $25,519
Deal Valid in: All Regions
Expiration: 3/1/21
2020 PHEV SEL AWD
$279Monthly Payment
Term Length (months): 36
Due at signing: $3,778
Mileage: 12k
MSRP: $37,705
Deal Valid in: All Regions
Expiration: 3/1/21

This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.

CarsDirect Target Price

Prices vary by style

CarsDirectPricing as of 2/26/21 in 20149
MSRP
$26,090
Sales Price
$24,389
Cash Rebates
$0
Target Price
$24,389
Lease Estimate
$323/mo
Finance Estimate
$313/mo

Cash Incentives

Incentive available to most customers and purchasing situations.
RebateAmount
Loyalty Bonus Cash Loyalty Customer Rebate (Expires 3/1/21) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Residents residing in qualifying regions of the United States. Must be a currently registered Mitsubishi owner. This offer is transferable to immediate family members and domestic partners residing at the same address. %Qualification% Saturn owners are also eligible for this offer. Eligible customers can utilize this incentive with the finance source of their choice. A currently owned vehicle may only be used once towards the purchase or lease of a new eligible vehicle. $750

Financing Incentives

RebateAmount
Promotional APR Offer Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% For customers with a FICO score greater than or equal to 620.
Term(s)12 - 3637 - 4849 - 6061 - 7273 - 84
Rate %0%0%0%0.9%1.9%
Eligibility For customers with a FICO score greater than or equal to 620.
Finance Customer Rebate Prime APR Customer Cash (AR) (Expires 3/1/21) Customer cash available for qualified customers based on available credit when financing through manufacturer's captive finance company. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Special rate is not eligible in conjunction with the Mitsubishi Customer Cash Rebates or Dealer Delivery Bonus but may be eligible for other select incentive programs. $1,000
Loyalty Bonus Cash Loyalty Customer Rebate (Expires 3/1/21) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Residents residing in qualifying regions of the United States. Must be a currently registered Mitsubishi owner. This offer is transferable to immediate family members and domestic partners residing at the same address. %Qualification% Saturn owners are also eligible for this offer. Eligible customers can utilize this incentive with the finance source of their choice. A currently owned vehicle may only be used once towards the purchase or lease of a new eligible vehicle. $750

Leasing Incentives

RebateAmount
Loyalty Bonus Cash Loyalty Customer Rebate (Expires 3/1/21) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Residents residing in qualifying regions of the United States. Must be a currently registered Mitsubishi owner. This offer is transferable to immediate family members and domestic partners residing at the same address. %Qualification% Saturn owners are also eligible for this offer. Eligible customers can utilize this incentive with the finance source of their choice. A currently owned vehicle may only be used once towards the purchase or lease of a new eligible vehicle. $750

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Leases For Similar Cars

Based on 2020 Mitsubishi Outlander ES 4dr Front-wheel Drive - MSRP $26,090