O'Brien Mitsubishi, based in Normal, IL, is offering something way outside the norm: an absurdly low lease price – the cheapest we've ever seen – for on an electric vehicle.

AutoblogGreen reader Josh K. could hardly believe what he saw when driving by a rotating banner advertising the a Mitsubishi i-MiEV recently: $69 a month for 24 months. That compares with the official Mitsubishi lease program from last fall, which was $249 a month for three years.

Yes, it sounds too good to be true. So we called the dealership and had the lease offering confirmed. Salesman Scott Lovett explained that, starting January 1, the dealership began running a 24-month lease promotion for the Mitsubishi i ES that gives customers two options:
  • $69 per month for two years, after which the car is returned. The customer has to pay tax, title and license up front, which Lovett estimated at about $2,100.
  • $169 per month with no money down, and tax, title and license is rolled into the monthly payment. It's also a 24-month lease program.
About 90 percent of the i lease takers are having Level 2 charging ports installed at their homes. Lovett said the company had leased out about a dozen of these electric cars since the beginning of the year, and was trying to obtain more of them from Mitsubishi. O'Brien Mitsubishi worked with Ally Financial to come up with the extremely affordable lease program. "It's a very small amount to pay," said general manager Ryan Gremore, and this deal will certainly help the dealership hit its goal that Gremore describes as "becoming the world leader in EV sales." When an EV costs less than some cell phone plans, we don't see that being a problem.


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