Home Wheel Talk Mitsubishi Triton: Buy, Lease or Subscribe?

Mitsubishi Triton: Buy, Lease or Subscribe?

By carbar on the May 12, 2023

5 minutes

The Mitsubishi Triton is a popular utility vehicle (or ‘ute’) in Australia, known for its durability and reliability. While wait times for many vehicles are finally...

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The Mitsubishi Triton is a popular utility vehicle (or ‘ute’) in Australia, known for its durability and reliability. While wait times for many vehicles are finally starting to ease, the wait for this popular vehicle are estimated to extend up to 4 months as at March 2023.1

This is no surprise considering the Mitsubishi Triton is consistently one of the top 5 best-selling utes in Australia - where the utility vehicle continues to be one of the most popular vehicle types - known for its rugged looks, capability and versatility.

First sold in 1978 and marketed as a compact ute, the Mitsubishi Triton has since undergone over four decades of updates and improvements. A vehicle that you can take just about anywhere, the Mitsubishi Triton is the perfect partner for a day on the tools, a weekend away or a serious adventure out in the wilderness. This month, we explore why we love the Mitsubishi Triton, how much it will cost you to buy, finance or subscribe to, as well as how you can get into one much sooner than you think.

Reasons to drive a Mitsubishi Triton

With its rugged good looks, advanced features, and impressive off-road capabilities, the Triton is a top contender in a highly competitive ute market. One of the standout features of the 2023 Mitsubishi Triton is its performance, with all models powered by a 2.4-liter MIVEC turbo diesel engine that delivers 133kW of power and 430Nm of torque. Whether you're hauling a heavy load or exploring the outback, the Triton provides smooth and responsive performance that you can rely on in the harshest Australian conditions. 

In addition to its impressive performance, the Triton also offers advanced safety features to keep you and your family safe and secure, where you may be - including Forward Collision Mitigation, Blind Spot Warning, Lane Departure Warning, and Rear Cross Traffic Alert. Inside the cabin, the Mitsubishi Triton is spacious and comfortable, with plenty of room for the family, tools, sports gear, camping kit and so much more. The vehicle comes equipped with handy features such as a 7-inch touchscreen display with Apple CarPlay and Android Auto compatibility, automatic climate control, and keyless entry and ignition.

Available in a range of transmission and drive types, from the base model Single Cab Triton GLX (4x2) to the top of the range Dual Cab Triton GSR (4x4), all with a 2.4L diesel engine, there’s a Mitsubishi Triton for every lifestyle.

How Much Does It Cost to Buy a Mitsubishi Triton?

Getting into a new Mitsubishi Triton will involve a bit of patience. If you’re willing to wait up to four months for your new ute (direct from the dealer), you’ll be up for anywhere between $30,740 (plus on road costs) for the base model Single Cab Triton GLX (4x2), right up to $57,490 (plus on road costs) for the top-of-the-range Dual Cab Triton GSR (4x4).

Used models are more readily available, however there can be some risk involved. Be sure to do your research, know the car’s history, get a full mechanical check and take the car for a test drive if you’re keen to get into a Mitsubishi Triton on this side of the Australian winter.

How Much Does It Cost to Finance a Mitsubishi Triton?

Many of us prefer to lease or finance a vehicle rather than buying outright. This can assist with breaking down the overall cost that buying a new vehicle can present. Be sure to assess your options fully, as it’s all about making the right choice for you, right now.

With finance, you can expect to pay the price of the vehicle plus interest (usually ranging between 6% and 20%, depending on your individual circumstances). This means that the top-of-the-range Dual Cab Triton GSR (4x4) priced at $57,490 today, financed over 5 years at 9.5% interest (with no ‘balloon’ or residual payment), will set you back approximately $277 a week (plus fees), or $72,146 over the course of your loan (ex. government fees and charges). See how it can add up?

With most banks and lending institutions, you’ll also need to consider added monthly, lender, broker and ‘break’ fees if you’re wanting to pay off your loan early. These can add up to thousands of dollars extra, depending on your lender and finance term.

That’s why when it comes to finance, it’s a great idea to consider all your options. Online car loan comparison platforms like CarClarity can help you find the finance arrangement that works best for you.

Just remember – when financing or buying a car outright, you’ll need to factor in additional running costs including insurance, registration, depreciation, servicing and other maintenance costs. Currently, the running costs of a light commercial vehicle like a Mitsubishi Triton will come in around $180 per week.2Another alternative is a vehicle lease. You won’t own the car, but the cost of use, maintenance, insurance and registration is rolled into one easy regular payment, and you’ll need less money up front to get into a new vehicle. There are many pros and cons to both leasing and finance, so take some time to consider whether these options are right for you.

How Much Does It Cost to Subscribe to a Mitsubishi Triton?

We’ve covered the usual options, but we have some good news - there’s another. Our carbar car subscription service offers the best of both worlds. Similar to a lease, you can get into a new fully-maintained and comprehensively insured Mitsubishi Triton for a simple weekly subscription cost. This is one of the most flexible and easiest ways to get into a Mitsubishi Triton today - from as little as $246 per week.

There are minimum costs, but no minimum terms - unlike a lease. Just give us two weeks’ notice and we can swap your car or stop your subscription at any time. 

If you love your subscription Mitsubishi Triton and want to own it, you can also now purchase your beloved subscription car when it works for you.

Unlike any other car retailers in Australia, carbar customers can retain weekly payments and seamlessly switch their carbar subscription to a loan arrangement thanks to our latest partnership with car loan comparison platform, CarClarity.

The best part? You don’t even need to decide straight away. A car is a big purchase, so we allow our subscribers to switch to finance once they’re ready. Taking some time to try before you buy could save you a lot of money, time and hassle in the long run.

We’re adding new cars to our fleet every week, with a number of vehicles in the Mitsubishi Triton range to choose from (and hundreds more) – whether you choose to subscribe, finance or buy.

The choice is always yours.

Browse our latest selection of cars today.

1https://www.whichcar.com.au/news/mitsubishi-wait-times-2023
2https://www.racv.com.au/royalauto/transport/cars/victoria-cheapest-expensive-cars-2021.html

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