Mitsubishi Mirage G4 Depreciation

A Mitsubishi Mirage G4 will depreciate 45% after 5 years and have a 5 year resale value of $9,775.

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 $3,251 81.74% $14,551 12,000 2022
2 $4,531 74.55% $13,271 24,000 2023
3 $5,568 68.72% $12,234 36,000 2024
4 $6,697 62.38% $11,105 48,000 2025
5 $8,027 54.91% $9,775 60,000 2026
6 $9,198 48.33% $8,604 72,000 2027
7 $10,072 43.42% $7,730 84,000 2028
8 $10,777 39.46% $7,025 96,000 2029
9 $11,667 34.46% $6,135 108,000 2030
10 $12,242 31.23% $5,560 120,000 2031

Mitsubishi Mirage G4 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,251 81.74% $14,551
2 $4,531 74.55% $13,271
3 $5,568 68.72% $12,234
4 $6,697 62.38% $11,105
5 $8,027 54.91% $9,775
6 $9,198 48.33% $8,604
7 $10,072 43.42% $7,730
8 $10,777 39.46% $7,025
9 $11,667 34.46% $6,135
10 $12,242 31.23% $5,560

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 $4,531 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 $3,496. 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.

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: