When I purchased my 2015 Mitsubishi Mirage ES with Navigation in July 2015 my credit score was 575 and I went through Citizens Bank for 7.95% and was very happy with them. Well ai just traded on a 2017 Mirage G4 SE and wanted to stay with Citizens Bank as I was very happy with them and my credit was 675 at this point and got 6.95% with them for 6 years. Both cars were purchased new and I had carry over on the G4 from my 2015 Mirage.
I realize everyone's situations are different and the numbers will vary. But I wanted real world data from people that actually went through with the deals. I was attempting to get an idea of how much a Mirage costs on a monthly basis.
Just last week I leased a 2017 Volkswagen Jetta TSi and my monthly payment is $175/month with zero due at signing. The automotive company I work for offers a generous employee lease program and the deal was too good to pass up. Maybe I should've asked Mirage Forum sooner but I wanted to know if a Mirage can be had for less than $200/month. Or even less than what I'm now paying a month for my 17 Jetta.
My Transunion credit score at the time of submitting my credit application was 656. I will be leasing the car for the next 36 months at 12,000 miles/years. I wanted the Mirage for its fantastic fuel economy and low cost of operation. Maybe by the end of my lease, the next gen Mirage will be available and even more fuel efficient than the current gen.
Wouldn't the lowest cost of ownership include not making interest payments to borrow someone's money? Would you be able to save up enough to just buy one outright?
I'm not a fan of owing anyone or anything money. I'm thankful I don't have debt.
I understand others might not see things this way, but I am not inclined to give away my money if I can help it. The Mitsubishi Mirage fits in this approach nicely - it is the most affordable & reliable transportation on the market, with some great features that no other car in it's class has, and with superior fuel economy.
I think it's fine the way it is. I can forego the ego-driven sports-car mindset easily with this car. It's simply not a race car - it's an economy car, and in my estimation it excels in it's purpose.