2026 Mitsubishi Pajero Price: $68,490 and Ready to Fight

The Pajero is back, and it landed with a price

After nearly five years away, Mitsubishi has pulled the covers off an all-new Pajero, and Australia is near the front of the queue. We are the third market to get it, behind Thailand and Japan, with showroom arrivals locked for December.

This is not a quiet return. Mitsubishi says more than 3000 buyers put their names down before the covers even came off. That pre-order book tells you two things: the badge still carries weight, and dealers will hold the upper hand on early stock.

What you actually pay

Pricing starts at $68,490 before on-road costs for the entry GLS with five seats, or $69,990 for the seven-seat GLS. The mid-tier Exceed is $79,990 and the range-topping GSR sits at $84,990, both seven-seaters only.

Put that against the field and the pitch is obvious. The Pajero undercuts an equivalent Toyota LandCruiser Prado by a meaningful margin, while sitting just above a V6 diesel Ford Everest. Mitsubishi has priced this to steal cross-shoppers, not to sit politely alongside them.

The mechanical story buyers care about

Underneath, the Pajero now rides on a ladder-frame chassis shared with the Triton ute. That is a deliberate break from the car-like monocoque of recent generations, and it is what puts the Pajero back in genuine off-road territory against the Prado and Everest.

The engine is a 2.4-litre four-cylinder turbo-diesel making 150kW and 480Nm. That is 10Nm more torque than the Triton, paired with a new eight-speed automatic in place of the ute's six-speed. It tows a full 3500kg braked, so caravan and boat buyers are covered.

Mitsubishi has not just rebadged a Triton, either. The rear suspension swaps to a five-link setup, the chassis uses more high-strength steel, and acoustic glass plus extra insulation are meant to make this the quietest Pajero yet.

Off-road hardware is standard, not an upsell

Every grade gets Super Select 4WD-II, a rear differential lock and a low-range transfer case. There are seven drive modes covering gravel, snow, mud, sand and rock, and rally-derived Active Yaw Control is standard across the board.

That matters for value. Some rivals lock their most serious off-road kit behind the top trim. Here the hardware carries from the base GLS up, so you are not forced into the $84,990 GSR just to get the mechanicals.

Inside: seven usable seats and big screens

The cabin runs twin 14.3-inch displays, a 12-speaker Yamaha stereo, three-zone climate and a panoramic sunroof higher up the range. Mitsubishi built the third row for adults, with a seat that slides 150mm plus vents and USB-C ports back there.

The trade-off is boot space. With the third row folded you get 519 litres, which is down on both the Prado and Everest. If maximum cargo is your priority, weigh that before you sign.

Watch the warranty fine print

Mitsubishi is spruiking a 10-year, 200,000km warranty, but it is conditional. Miss the scheduled dealer servicing and it reverts to five years and 100,000km. Mitsubishi wraps it in a 10-year capped-price servicing and roadside program to match.

That is a classic tie-in. The long warranty is real, but it keeps you in the dealer service network for a decade to hold it. Factor those servicing costs into your ownership sums, not just the drive-away figure.

How to buy it without overpaying

With more than 3000 orders already in, expect firm pricing and little movement on early cars. A hot launch is exactly when dealers lean hardest on finance margin, because the car sells itself and the profit shifts to the loan.

That is where Loanseekers earns its place. Before you accept the finance offered across the desk on a $70,000-plus Pajero, they compare your rate against 70 different lenders, so the dealer's in-house deal has to actually beat the market rather than bank on you not checking. On a car this expensive, a rate gap of a point or two is thousands over the term, so get the car finance sorted before you walk in.

If you are still weighing the Pajero against a Prado or an Everest, Carseekers can help you land the right price on those, since both sit in its network. The Pajero itself is brand new to market, so the smart play there is nailing the finance and holding firm on the drive-away number.

The verdict for Australian buyers

This is the most convincing Pajero in years: proper ladder-frame hardware, a sharp entry price, and standard off-road gear that shames some pricier rivals. The soft spots are the smaller boot and the strings attached to that headline warranty.

Buy with your eyes open, sort the finance independently, and it shapes up as a serious Prado alternative for a lot less money.