Mitsubishi Outlander PHEV running costs

The Outlander is affordable to buy and run for such a spacious plug-in hybrid SUV, and it makes a lot of sense for company-car buyers

The Mitsubishi Outlander PHEV isn’t cheap compared to petrol or diesel alternatives like the Skoda Kodiaq, which starts at some £10,000 less than the cheapest plug-in Outlander. However, it's the most affordable way into a large plug-in hybrid SUV. A Volvo XC60 T8 Twin Engine is vastly more expensive, and rivals like the MINI Countryman and Hyundai Kona Electric are smaller, if also cheaper.

PCP finance is often offered interest-free, but monthly costs will start at around £400 even with a sizeable deposit, so however you look at it, the Mitsubishi is surprisingly expensive to buy for private buyers.

It’s a much more compelling proposition for company-car users; the Outlander PHEV costs half the BiK tax of an equivalent Skoda Kodiaq 2.0-litre diesel, averaging out at around £2,000 per year for a 40% taxpayer over the next three years.

Running costs will be seriously cheap if you charge up routinely, at which point you have a large SUV that’ll cost roughly £1-£1.50 from a home charger, per 28 miles. The catch is that the Outlander will be quite expensive to fuel with its petrol engine working. This is a heavy car and you’ll be lucky to see 35mpg from the petrol engine, so make sure that you can plug it in regularly enough to make best use of the electric running.

Mitsubishi Outlander PHEV insurance group

Falling into insurance groups 27-31, which should make it usefully cheaper to insure than a Volvo XC60 T8 Twin Engine, for instance, but also more expensive than a Skoda Kodiaq.

Warranty

The Mitsubishi Outlander has a five-year or 62,500-mile warranty, although there’s no mileage limit for the first two years. That’s way better than the three-year/60,000-mile warranty offered by most manufacturers, although Kia’s seven-year warranty still pips it.

Servicing

You’ll need to have your Mitsubishi Outlander PHEV serviced every year or 12,500 miles, and you can buy a fixed-price pack for around £500 to cover the first three years.

Road tax

The Mitsubishi Outlander PHEV is free of tax for the first year, and will get you into London’s Congestion Charge zone for free as well. However, from the second year on it’s subject to £130-a-year VED road tax and, if you buy one that costs more than £40,000, you’ll also pay an additional annual surcharge of £310 the first five times you tax it.

Depreciation

Mitsubishi has sold a lot of Outlander PHEVs, which is reflected in the number of used versions on the market and the fact that they lose value quite quickly. The residuals experts at CAP reckon the cheapest Juro version will be worth just over £15,000 after three years and 36,000 miles, although it’s worth pointing out that the MINI Countryman Cooper S E All4 PHEV loses almost as much value over the same period.