Mitsubishi Mirage G4 Depreciation

A Mitsubishi Mirage G4 will depreciate 48% after 5 years and have a 5 year resale value of $9,271.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $17,802 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Mitsubishi Mirage G4.

Mitsubishi Mirage G4 Depreciation Calculator

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Mitsubishi Mirage G4 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,847 78.39% $13,955 12,000 2022
2 $5,091 71.40% $12,711 24,000 2023
3 $6,031 66.12% $11,771 36,000 2024
4 $7,114 60.04% $10,688 48,000 2025
5 $8,531 52.08% $9,271 60,000 2026
6 $9,567 46.26% $8,235 72,000 2027
7 $10,503 41.00% $7,299 84,000 2028
8 $11,413 35.89% $6,389 96,000 2029
9 $12,148 31.76% $5,654 108,000 2030
10 $12,766 28.29% $5,036 120,000 2031

Mitsubishi Mirage G4 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,847 78.39% $13,955
2 $5,091 71.40% $12,711
3 $6,031 66.12% $11,771
4 $7,114 60.04% $10,688
5 $8,531 52.08% $9,271
6 $9,567 46.26% $8,235
7 $10,503 41.00% $7,299
8 $11,413 35.89% $6,389
9 $12,148 31.76% $5,654
10 $12,766 28.29% $5,036

Buying a Mitsubishi Mirage G4 New vs Used

If you purchase a used Mitsubishi Mirage G4 that is 2 years old, then you could save $5,091 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $3,440. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Mirage G4 models become available.

What About Mitsubishi Mirage G4 Insurance Costs?

The average cost to insure a Mitsubishi Mirage G4 is about $1,719 per year. This adds up to around $8,595 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Mitsubishi Mirage G4. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

Mitsubishi Mirage G4 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Mitsubishi Mirage G4 ranks for Depreciation compared to other vehicles. Also check out how the Mirage G4 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Mitsubishi Mirage G4 Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Mitsubishi Mirage G4 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: