Mitsubishi ASX $5000 Off: EOFY Deal Drops Price

Mitsubishi has slashed $5000 off the entry-level ASX drive-away price as sales of its cheapest model collapsed by 88.6 per cent year-to-date. The European-built city SUV is now $34,990 drive-away in the LS grade, down from $39,990 and well below the $37,740 RRP. The offer is locked in until 31 May 2026 unless extended.

It is a textbook end-of-financial-year clearance pitch, but the bigger story is what it tells you about the state of the Mitsubishi range in Australia in 2026. The brand is down 25.5 per cent year-to-date, the ASX has lost almost nine in ten of its buyers, and dealers are sitting on stock that needs to move before the new financial year begins. That is a buyer's market if you know which deal to chase and which to walk past.

Why the ASX is suddenly $5000 cheaper

The current ASX is a rebadged Renault Captur, built in Spain and dressed in Mitsubishi's diamond badging. When it launched it was about $13,000 more expensive than the Mitsubishi-built original it replaced, and Australian buyers responded by ignoring it. The 88.6 per cent year-to-date sales decline is one of the worst figures in the new-car market right now.

Dropping the LS to $34,990 drive-away pulls it back into reasonable territory against the Hyundai Kona, Mazda CX-3 and small SUVs from the Chinese brands. It is still not a class leader, but at $5000 less than RRP it stops being an obvious 'no' for buyers who want a Japanese badge on a European platform.

Whether the same deal applies to the Aspire ($42,690 RRP) and Exceed ($46,490 RRP) grades is unclear. Mitsubishi's website omits drive-away pricing for those variants, which is a polite way of saying you need to negotiate at the dealership. Walk in with the LS deal as your benchmark and ask why the higher grades cannot match the same percentage discount.

Outlander gets a fuel card or free servicing, depending on the year

The Outlander deal is split into two camps. For remaining MY25 stock, Mitsubishi is offering a $2000 fuel card, redeemed at point of sale. The brand notes that the value of the card can be substituted for a discount off the recommended drive-away price during negotiations. Translation: ask for the cash equivalent.

MY25 fuel-card eligibility excludes the ES five-seat in front- and all-wheel drive. The brand also flags 'low stock' for the ES seven-seat FWD grade, which usually means the offer will quietly disappear before the deadline.

For MY26 Outlanders, excluding all ES grades, you get three years or 45,000km of complimentary dealer servicing instead of a fuel card. The capped-price services are valued at $1077 over that period, which is genuine money saved if you intend to stick with dealer servicing. If you usually use an independent mechanic, the fuel card on MY25 stock is the better deal.

The Outlander Black Edition FWD is currently $47,490 drive-away, against a $45,490 before on-roads RRP. That is roughly $2000 below where it would land at standard drive-away, before any extra negotiation.

Triton drive-away pricing is the headline buyers should focus on

The Triton deals are arguably the strongest in the range. Until 30 June 2026, the GLX 4x4 dual-cab pick-up automatic is $46,990 drive-away against a $51,640 RRP. The GLX+ is $49,490 ($53,990 RRP), GLX-R $52,990 ($57,440 RRP), GLS $57,490 ($60,140 RRP) and the flagship GSR $63,490 ($65,590 RRP).

That is roughly $4500 to $5000 off across the range, which is the kind of discount Mitsubishi rarely puts on a current-model Triton in print. MY25 Triton stock in GLX-R, GLX-R Special Edition, GLS, GSR and GSR Special Edition guises also gets the $2000 fuel card. MY26 Triton dual-cabs (excluding GLX and Raider) pick up the three-year or 45,000km complimentary servicing instead, which Mitsubishi values at $1467.

If you have been comparing the Triton to a Ford Ranger or Toyota HiLux, the EOFY pricing closes a gap that has long made the Mitsubishi look optional rather than competitive. The GLS at $57,490 drive-away is genuinely sharp money for a fully kitted dual-cab 4x4.

The PHEV cash bonus is the surprise of the campaign

The Outlander PHEV in run-out MY24 Exceed and Exceed Tourer specification carries a $10,000 cash bonus to clear remaining dealer stock. That is the largest single deal in the Mitsubishi range right now. Drive-away offers are also available on the Eclipse Cross PHEV, which is also in run-out as Mitsubishi prepares its line-up refresh.

A $10,000 discount on a plug-in hybrid SUV is the kind of money that turns 'maybe next year' into 'sign me up'. It also reflects how much pressure Mitsubishi is under to clear PHEV stock before the BYD Sealion 6 PHEV era really takes hold across the segment. If a PHEV family SUV is on your list, this is the deal to chase first.

Pajero Sport stock is now limited

The Pajero Sport ended Australian production early last year. Remaining dealer stock is limited to GLS and Exceed grades only, according to Mitsubishi Australia's website. If you have been waiting for the right Pajero Sport deal, the window is closing fast, and the brand has been quietly thinning the colour and grade options as inventory shrinks.

The replacement is the reborn 2027 Pajero Sport, which will be Triton-based, much like its predecessor. That arrives in showrooms over the coming months, alongside a battery-electric small hatch or SUV built in Taiwan by Foxtron.

What the dealer will not say out loud

Three things matter when you walk into a Mitsubishi showroom this month. First, ask whether the published drive-away price already includes any fuel card or servicing bonus, or whether those are added on top. Some dealers fold the bonus into the price to make the deal look smaller than it actually is. Second, demand premium paint and dealer accessories be quoted separately rather than bundled. Third, get any drive-away price in writing on a quote that names the model year and VIN if available.

The brand's 25.5 per cent overall sales decline this year means dealer principals are under pressure to write business. That pressure favours buyers who walk in informed, with a benchmark price already in hand from a competitor or from the Carseekers network. Walking in cold and asking 'what's your best price?' will get you the worst version of these deals.

Should you buy now or wait?

For the ASX, the answer is straightforward. If you want one, $34,990 drive-away is roughly the right price. There is no obvious upside to waiting, because Mitsubishi has already signalled the next-generation, in-house ASX is not arriving until 2028.

For the Outlander, MY25 stock with the $2000 fuel card is the value play if you can find the variant you want. MY26 stock with three years of free servicing makes more sense if you keep cars long-term and use dealer servicing.

For the Triton, this is genuinely sharp money on a current-model dual-cab. Cross-shop the Ford Ranger and Toyota HiLux on drive-away terms, then bring the best rival quote back to your Mitsubishi dealer. With Triton sitting in a competitive ute market that includes the Kia Tasman and BYD Shark 6, this is the moment Mitsubishi needs to write business. Make them earn yours.

For the Outlander PHEV, the $10,000 cash bonus on run-out MY24 Exceed and Exceed Tourer stock is the standout deal of the campaign. PHEV ute and SUV competition is heating up, and Mitsubishi is clearing decks for what comes next. If you have been on the fence about a plug-in hybrid family SUV, the maths just got friendlier.

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