Is the Mitsubishi Outlander lease a good deal?

Advertised at $499/mo, the Mitsubishi Outlander truly costs about $627/mo once the $5,498 due at signing is spread across the 39-month term. We grade it C+.

What is the real monthly cost of the Mitsubishi Outlander lease?

About $627 per month, versus the $499 advertised payment.

Mitsubishi Outlander Lease Deals: $499/mo, True Cost $627/mo (November 2026)

Name: Mitsubishi Outlander lease
Brand: Mitsubishi
Price: 499 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$499/mo

Due at signing$5,498

Term39 months

True cost$627/mo

GradeC+

Offer endsNovember 30, 2026

vs rivals: Toyota bZ Woodland $560/mo · Buick Envision $592/mo · Kia EV6 $532/mo

All 41 small SUVs with a lease, ranked →

C+

Deal grade

Advertised

$499/mo

True cost

$627/mo

Graded on true cost as a percent of MSRP, against other small SUVs. This lease is 1.31%. How we grade

How $499 becomes $627

The ad says $499 a month, and it also asks for $5,498 at signing.
$499 of that is your first payment. The other $4,999 is extra money that you pay up front.
Spread across the 39 months of the lease, $4,999 is $128 a month.

$499advertised payment

$128up-front money, each month

$627true cost a month

$5,498

Due at signing

39 mo

Term

$24,460

Total cost

1.31%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Plug-in Hybrid SE S-AWC MSRP $47,815	$499	$5,498	39 mo	$627	C+

The math for the 2026 Plug-in Hybrid SE S-AWC

Due at signing, with payment 1 in it: $5,498
38 more payments of $499: $18,962
Total for 39 months: $24,460
True cost each month: $627
Cost for each mile, with 32,500 miles allowed: $0.75

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$526/mo

True cost

$653/mo

Graded on true cost as a percent of MSRP, against other small SUVs. This lease is 1.37%. How we grade

How $526 becomes $653

The ad says $526 a month, and it also asks for $5,498 at signing.
$526 of that is your first payment. The other $4,972 is extra money that you pay up front.
Spread across the 39 months of the lease, $4,972 is $127 a month.

$526advertised payment

$127up-front money, each month

$653true cost a month

$5,498

Due at signing

39 mo

Term

$25,486

Total cost

1.37%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Plug-in Hybrid SE S-AWC MSRP $47,815	$526	$5,498	39 mo	$653	C

The math for the 2026 Plug-in Hybrid SE S-AWC

Due at signing, with payment 1 in it: $5,498
38 more payments of $526: $19,988
Total for 39 months: $25,486
True cost each month: $653
Cost for each mile, with 32,500 miles allowed: $0.78

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

How the Mitsubishi Outlander lease changed

Since October 17, 2026, the true cost went up by $135 a month, from $492 to $627.

October 17, 2026: $389/mo, $4,388 due, 39 mo: $492
October 31, 2026: $389/mo, $4,388 due, 39 mo: $492
November 5, 2026: $499/mo, $5,498 due, 39 mo: $627
November 11, 2026: $499/mo, $5,498 due, 39 mo: $627

Each line is the best offer where most regions share it, on the day that we collected the offers.

How it ranks among small SUVs

The Mitsubishi Outlander has the 39th lowest true cost of 41 small SUVs with an advertised lease this month. The lowest is the Mazda CX-30 at $316 a month.

The middle true cost in the class is $411 a month, and the Mitsubishi Outlander costs $216 more. Each month it costs 1.31% of its MSRP, and the middle of the class is 1.33%.