CYPRESS, Calif. — Mitsubishi Motors North America Inc. (MMNA) has selected Ally Financial to be a preferred provider of leasing and financing for the company's breakthrough 100 percent electric-powered 2012 Mitsubishi i.

Consumers can now lease a Mitsubishi i at certified dealers nationwide for lease payments as low as $249 per month for the base ES model equipped with a convenient high-speed CHAdeMO DC quick-charging port.

“We welcome the cooperation from Ally’s auto finance team to provide our customers with additional flexibility in leasing and financing our highly efficient, zero-emission 2012 Mitsubishi i, as well as leasing other products in our product lineup,” said Yoichi Yokozawa, president and CEO of MMNA. “This will provide small businesses and consumers with even more convenient means to finance their new Mitsubishi Motors electric vehicle, making the Mitsubishi i more attractive to those individuals and companies that want to make a difference by opting for a sustainable and highly cost-effective form of transportation.”

As a preferred financing provider, Ally Financial will begin offering leasing for other vehicles in the Mitsubishi Motors’ lineup alongside Mitsubishi Motors Credit of America Inc. (MMCA).

Ally Financial currently plays a significant role in dealer and consumer financing within the Mitsubishi network as a financial services provider. This new agreement, effective immediately, expands upon this role by providing a broader set of choices to consumers when making their next vehicle purchase at one of the company’s approximately 400 Mitsubishi Motors dealerships in North America.

“As we continue to expand our automotive financing portfolio, we are pleased to work with Mitsubishi in this new preferred provider relationship,” said Jim Kucharski, vice president of alliance sales for Ally Financial. “Ally has the nationwide infrastructure and full services capability to complement other financial services providers and deliver additional choice and flexibility to dealers and their customers.”