Zero DP · All-in

Mitsubishi zero down payment promo: how it works and who qualifies

By Richard Cuagdan, Car Sales Executive · Updated 2026-10-22

A Mitsubishi zero down payment promo lets you drive home a brand-new unit without a down payment, with the main fees bundled in an all-in package. Here's what Zero DP really means, who usually qualifies, the documents, and the income that fits. This month's Zero DP units are in one dated table.

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What zero down payment means

Zero DP means you don't pay a down payment on the unit; the bank finances the full amount over the term (5 years on these promos). Because the loan is bigger, the monthly is higher than with a DP. "All-in" means the main fees are bundled:

• LTO registration
• TPL insurance
• Comprehensive insurance for the first year
• Chattel mortgage
• Free PMS labor up to 5,000 km
• Factory warranty

Always ask for the written breakdown of what, if anything, you'll pay at signing. More in what all-in includes and Zero DP vs low DP.

This month's Zero DP units

How to avail

1. Check your budget

   Use the budget calculator.

2. Pick a unit and test drive it

   Book online.

3. Submit documents

   I pre-check them first.

4. Bank approval and release

   Approval is always the bank's decision.

Who qualifies

Zero DP isn't about a special status; it's about whether the bank sees that the higher monthly fits your income and your documents check out.

A sensible guide: keep the monthly amortization at about 30–35% of your gross monthly income. Divide the monthly by 0.35 for a minimum income and by 0.30 for a comfortable one. A spouse or family member can sometimes join as a co-borrower so the bank considers combined income. The bank always makes the final call. Try the budget calculator to match a unit to your income in a minute.

Documents

• Everyone: two valid government IDs with matching signatures, and proof of billing
• Employed: certificate of employment with compensation, recent payslips or latest ITR
• Business owner / self-employed: DTI or SEC registration, business or mayor's permit, latest ITR or financial statements, bank statements
• OFW / seafarer: employment or crew contract, payslips or proof of remittance, and SPA or co-borrower details for the family member in the Philippines

Each bank can ask for more. Full list: car loan requirements. OFW? See the OFW car loan guide.

Approval tips

• Pick a unit whose monthly fits the 30–35% guide.
• Submit complete, consistent documents.
• Settle small debts and pay cards on time.
• Add a co-borrower or a small DP if the monthly is tight.
• Answer the bank's verification call.

More: car loan approval tips, zero down payment car list, and the Xpander monthly amortization breakdown.

Your next step

See which Zero DP unit fits your income, then book a test drive in SJDM.

Compute my monthly Book a Test Drive Call or text 0954 291 1201

Richard Cuagdan, authorized Mitsubishi sales executive, serving San Jose del Monte (SJDM), Bulacan and Quezon City. Message Richard for showroom visits and directions.

Frequently asked questions

Does Mitsubishi have a zero down payment promo?

Yes, on selected units each month. This month's Zero DP units are in the dated promo table on this page. Subject to bank approval.

Is zero down payment really zero?

There's no down payment on the unit, and the all-in package bundles the main fees. Ask for the written breakdown of anything due at signing.

Is Zero DP harder to get approved?

The monthly is higher, so the bank checks more closely that it fits your income. Complete documents and a realistic unit help.

What's the cheapest Mitsubishi on Zero DP?

See the promo table, sorted by Zero DP monthly, lowest first.

Can OFWs get Zero DP?

Yes, OFWs can apply. Banks usually ask for a contract, proof of remittance and an SPA or co-borrower in the Philippines.