Mitsubishi Announces Pre-Owned Vehicle "Best Backed" Commitment

CYPRESS, Calif.--Sept. 23, 2004--

Mitsubishi Motors offers consumers the same 10-year/100,000 powertrain limited warranty on pre-owned certified vehicles as available on new vehicles

Mitsubishi Motors North America, Inc. (MMNA) today announced the addition of a new pre-owned certification program to give consumers the ultimate peace of mind when purchasing pre-owned Mitsubishi Motors vehicles.

The program, announced today at the Mitsubishi Motors Annual Dealer Meeting in New Orleans, will offer consumers the same 10-year/100,000 powertrain limited warranty on pre-owned vehicles that is available on new vehicles. Additionally, where applicable, dealers will have the option to offer a more basic, 12-month/12,000-mile powertrain limited warranty extension on the already existing pre-owned vehicle 5- year/60,000 mile powertrain limited warranty, bringing it up to six years/72,000 miles.

"Mitsubishi Motors' new pre-owned certification program is one of the best values in the market today, and another example of our commitment to offering the best-backed cars in the world," said Michael M. Tocci, senior vice president of sales, distribution and fleet. "Consumers have the comfort of purchasing a reliable, pre-owned Mitsubishi Motors product that is backed by a solid warranty offer."

Available to consumers starting in October 2004, the Mitsubishi Pre-Owned Vehicle Certification Program includes the following components:

-- Availability on 2001 and newer models with less than 60,000 miles

-- A 123-point inspection process with bumper-to-bumper and top-to-bottom tests to make sure all systems operate as new

-- Availability for all types of pre-owned vehicles, including program vehicles, trade-ins, ex-lease vehicles, demos, service loaners and ex-company vehicles

-- Simplicity of use for dealers through Mitsubishi Motors Dealer Link, allowing dealers to verify if a vehicle can be certified, submit claims, check the inspection process and even print attribute/price labels for the vehicle window

"Consumers and dealers have asked for this type of product assurance to bring peace of mind to the pre-owned car-buying process, and Mitsubishi is delivering," said Tocci.

Mitsubishi Motors North America, Inc. is responsible for all manufacturing, finance, sales, marketing, and research and development operations of the Mitsubishi Motors Corporation in the United States and Canada. Mitsubishi Motors sells coupes, convertibles, sedans and sport utility vehicles through a network of approximately 650 dealers. For more information, visit http://media.mitsubishicars.com.