If you would like to get the wheels in motion to own your dream Mitsubishi, but cannot afford the outright purchase price, a novated lease is the perfect way to save money. This financing arrangement also allows you to bundle the running costs of your new car directly from your pre-tax salary through your employer – effectively lowering your taxable income. Discover your estimated finance repayments using Leaselab's online calculator.

Fringe Benefits Tax (FBT) is a tax applied to fringe benefits received from your employer for personal use, including a car. The team at Leaselab addresses this by combining your pre-tax and post-tax salary contributions to offset the FBT liability. Leaselab can tailor your contribution while maximising your tax benefits.

You will need to pay out the ‘residual value’ to own the Mitsubishi at the end of your novated lease. Also known as the novated lease balloon payment, this amount is calculated as a percentage of the vehicle price and depends on the length of your ease. To put it simply, a shorter lease will result in a higher balloon payment while a longer lease will mean a lower residual.

Leaselab can assist you with this entire process and tailor a plan that makes sense for your personal circumstances.