How to Lease a Mitsubishi in Edmonton, AB
At Northside Mitsubishi, shoppers often ask us whether leasing or buying is preferable. There's no one-size-fits-all answer, but for many drivers, leasing a Mitsubishi is one of the smartest ways to get behind the wheel of a new vehicle. Here's everything you need to know to make an informed decision.
What Is a Car Lease?
A lease is essentially a long-term rental agreement. Instead of financing the full purchase price of a vehicle, you pay only for the portion of the car's value you use during the lease term, typically two to four years. At the end of the term, you can walk away, buy the car outright, or lease something brand new to add excitement to your Edmonton travels. It's a flexible, lower-commitment way to drive.
How Are Lease Payments Calculated?
Once you choose a new Mitsubishi model from our inventory, your monthly payment is determined by a few key factors. The first is the capitalized cost, the negotiated selling price of the vehicle. The second is the residual value, what the car will be worth at the end of the lease. The greater the difference between these two numbers, the higher your payment. You'll also factor in the money factor, which is essentially the lease's interest rate. We work hard to find competitive money factors that keep your payments manageable.
What to Expect at Signing
When you sign your lease, you'll typically be responsible for a down payment, your first month's payment, a security deposit, and various fees. Some lease deals, including special Mitsubishi offers, require little or nothing down. Ask our finance team about current promotional lease programs, which can dramatically lower your out-of-pocket costs.
Mileage and Wear
Leases come with an annual mileage cap, usually between 10,000 and 15,000 miles per year. If you exceed that limit, you'll pay a per-mile fee at turn-in. It's important to be honest with yourself about how much you drive during your Highway 16 commute. We'll help you choose the right mileage tier upfront so there are no surprises later. Normal wear is expected to occur on the way to Coronation Park, but things like excessive scratches, damaged tires, or interior stains may incur charges. We always recommend a pre-return inspection so you can address anything ahead of time.
Why Lease a Mitsubishi?
Mitsubishi vehicles, from the fuel-efficient Mirage to the capable Outlander, hold strong residual values, which translates to lower monthly payments. Plus, with Mitsubishi's industry-leading 10-year/100,000-mile powertrain warranty1, you're driving with peace of mind. Leasing lets you enjoy a new model with the latest technology every few years without the hassle of selling or trading in. When you visit Northside Mitsubishi’s nearby location, our experts will walk you through each step of the process.
Browse Our Current Mitsubishi Deals!
Dealership Information
Testimonials
“ If you would like to get 5-star reviews and remove negative reviews from Google, contact me via my profile; my WhatsApp contact details are listed there. ”
“ My mom just purchased her first vehicle from Nickolas! The sweetest sales man we’ve ever met. He was so truthful and honest about absolutely everything. I would not go anywhere else. Definitely recommend Nickolas from Northside Mitsubishi! 12/10 customer service!! ”
“ I just purchased my first vehicle this past Wednesday. I bought a Nissan Pathfinder. I was fortunate to have Nick as our sales representative. He was extremely helpful. And explained absolutely everything in great deal. Was incredibly friendly!!! Extremely knowledgeable and definitely recommend Nickolas from Northside Mitsubishi!! And everyone there was incredibly kind!!!! Thank you so much for making this such a great experience! Will definitely spread the word. 😊 ”
“ Super easy people to deal with when buying a vehicle! They go above and beyond to get you into what you're looking for . HIGHLY recommend these guys 🥰 ”
“ Karylle helped me really well through phone due to my busy schedule. She answered any and all questions and clearly explained along the finance process, had a great experience 👍🏿 ”
“ The dealership itself is looking a little worn down and could use a paint job. The staff are great, Nigel and Kyle are really nice. ”
“ (Translated by Google) I want to share an amazing experience I had at the Mitsubishi dealership in Northside. The finance manager, Stefania, was exceptional: kind, transparent, and always willing to help. The process was very clear, and I felt confident every step of the way. I highly recommend going there because you're not just buying a car; you're buying peace of mind and confidence. (Original) Quiero compartir una experiencia increíble que tuve en el concesionario de Mitsubishi en Northside. La gerente de finanzas, Stefania, fue excepcional: amable, transparente y siempre dispuesta a ayudar. El proceso fue muy claro y me sentí en confianza en cada paso. Recomiendo totalmente que vayan, porque aquí no solo compran un carro, compran tranquilidad y confianza. ”
“ I brought my vehicle in for service on May 5, 2026. The service staff are always fantastic!! I thought I needed a few extra things done during my appointment - Kristy was totally honest with me and told me those extra things had already been done during a previous appointment. The service staff don't push me to get something done (I appreciate that very much) - anytime there is something I need done for my vehicle, they tell me what needs to be done right away and what can wait. ”
“ Great experience. Walked in and was instantly greeted by Nick. Went to 3 other car dealerships before this one and not one person came to us and after 10mins we walked out of them all but not at Northside Mitsubishi. Nick was busy yet greeted us with a friendly welcome. He took us to sit in the lounge and offer us a coffee. 10 mins later he came for us. There was no pressure just great questions to clarify what I wanted. He was able to find a really good match. Ended up buying it that day after some fair negotiations. Everyone was so helpful and seemed to care and respect my wishes and budget. Sales to branch manager to financing .... all great to deal with. This is my 2nd RVR. I am a big fan of Mitsubishi and was so happy I found Northside Mitsubishi and Nick. Thanks gang! ”
“ If you want to remove negative reviews from your Google Business, contact me via my profile; my contact details are listed there. After work you can pay.. ”
“ Just purchased my first car and there’s no hassle for me. Thanks to the ever kind maam rowena for the assistance and everything. Thumbs up to you Northside Mitsubishi!!🫡 ”
“ We would like to sincerely thank Mitsubishi, and especially Anastasia, for her help in choosing and purchasing our vehicle. Everything went smoothly, quickly, and without unnecessary stress. Anastasia was professional, attentive, and a pleasure to work with. We truly appreciate the excellent service and wholeheartedly recommend Mitsubishi and Anastasia to anyone looking for a great car-buying experience! ”
“ 10/10 team! Nick was awesome, and handled our chaos well as first time buyers He was real and genuine with the info, plus he helped us get the price to a best it could be🌟 ”
“ As always, the team at Northside Mitsubishi is top notch!! I always get superior service from them. Kristy is my go-to person, and she has helped me so much. I always call her “Kristy-911” when I need help and she’s there for me every time. If I could give them 10 stars, I would. ”
“ Absolutely amazing service, great prices, and everyone is always super helpful and polite! I love this place and recommend it highly!! 10/5!! :) ”
“ Had a great experience purchasing my vehicle. The staff were friendly, patient, and helpful throughout the process. They explained the financing, features, and options clearly. Thank you for the excellent service. Kuddos to Sir Nigel and Dom👏🏻👏🏻 ”
“ They are all kindness and excellent job and all those peoples working there from the top person to the bottom 👏 they are all really good persons ”
“ The process to book an appointment was easy. Staff followed up with a text to confirm the service I needed. Brought my vehicle in and took it right away. Everyone i dealt with was great. ”
“ Extremely freindly took my vehicle in on a recall they asked if I wanted it washed also and last minute I asked if they could do an oil change for me no hesitation it was a YES ”
“ Best service I’ve ever experienced so far!!! Thanks to madam Rowena for helping the fastest and easiest way possible 👏🤝🤟 you’re the best🙂🙂🙂 ”
“ Staffs are accommodating and the services are really efficient and on time.. Thanks again. ”
“ Vehicle was taken in for regular maintenance and staff were friendly and helpful. Identified some checks that needed to be done and were quick and efficient. Work completed in a timely manner. ”
“ Excellent service!! ”
“ ma'am rowena, thank you for believing and having a kind heart to help people like me who thinks that there was no chance at all to get a car, but you find ways, kudos to the staff and the manager you are all champion in helping people. keep up the good heart, kindness will always find his way to pay you more than you expected! just never stop trying, northside mitsubishi is here help beyond your capacity and finding ways to make your dream car come true! for hanna and keith, thank you for the calls and encouragement to keep applying though it seems hopeless but you never give up! ”
“ ⭐️⭐️⭐️⭐️⭐️ Amazing experience from start to finish! The team was very welcoming, patient, and professional. They helped me find the perfect vehicle that fits my needs and budget. The whole process was smooth, stress-free, and I never felt pressured. I truly appreciate the honesty and excellent customer service. Highly recommend this dealership to anyone looking for a vehicle. Thank you again — I love my new car! ”
“ Estelle was great! Car had oil change; was in and out in no time. Relaxed with Starbucks coffee while waiting, everything went wonderful. Big thanks! ”
“ "SU" Was great during the whole process and professional. ”
“ Excellent service, listening my car issues and fixing it, great service, Thank you to Kristy. Help me and understand my car issues and fix in timely ”
“ Very good service they have provided ”
“ Nick Fazio was great to deal with; quick response time and always willing to help and answer any questions. He was very personable and straightforward and even delivered the vehicle right to my doorstep. Stephany in finance was also great to deal with. Definitely recommend if you’re in the market for new or used vehicle. ”
“ excellent service ”
“ Friendly staff and timely service! ”
“ It was a good experience! ”
“ I was Treated with respect, no games were played. My purchase was straightforward And Mike was available with any questions I Had. ”
“ Work was completed in a timely manner with no surprises. I appreciated the Uber. ”
“ Mandeep was an excellent salesman. He took his time helping me and my son purchasing the Outlander, his recommendation. I recommend you as well to look for Mandeep at Mitsubishi Northside Edmonton. Thank you Mandeep and best wishes. ”