Mitsubishi Mirage Depreciation

A Mitsubishi Mirage will depreciate 64% after 5 years and have a 5 year resale value of $5,853.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year. It also assumes a selling price of $16,039 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.

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,066 74.65% $11,973 13,500 2021
2 $6,228 61.17% $9,811 27,000 2022
3 $7,675 52.15% $8,364 40,500 2023
4 $9,094 43.30% $6,945 54,000 2024
5 $10,186 36.49% $5,853 67,500 2025
6 $10,625 33.76% $5,414 81,000 2026
7 $11,031 31.22% $5,008 94,500 2027
8 $11,407 28.88% $4,632 108,000 2028
9 $11,754 26.72% $4,285 121,500 2029
10 $12,076 24.71% $3,963 135,000 2030

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value
1 $4,066 74.65% $11,973
2 $6,228 61.17% $9,811
3 $7,675 52.15% $8,364
4 $9,094 43.30% $6,945
5 $10,186 36.49% $5,853
6 $10,625 33.76% $5,414
7 $11,031 31.22% $5,008
8 $11,407 28.88% $4,632
9 $11,754 26.72% $4,285
10 $12,076 24.71% $3,963

Mitsubishi Mirage Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Mitsubishi Mirage that is 2 years old, then you could save $6,228 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 $3,958. 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 models become available.

The Best Model Years to Buy a Mitsubishi Mirage

The 2017 Mitsubishi Mirage is our top pick for the best model year value for the Mirage. With the 2017, you would only pay, on average, 52% of the price as new, with 75% of the vehicle's useful life remaining. The 2018 and 2019 model years are also attractive years for the Mirage, and provide a relatively good value. Our rankings consider multiple factors, including the Mirage's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Mitsubishi Mirage models.

Mitsubishi Mirage Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $16,039 $16,039 $171 $0 0% 100%
2019 $15,926 $12,088 $199 $3,951 24.63% 74.65% Better
2018 $15,832 $9,935 $251 $2,153 17.81% 61.17% Better
2017 $15,326 $8,323 $330 $1,612 16.23% 52.15% Best
2015 $14,593 $6,807 $488 $1,516 18.21% 43.3% Good
2014 $14,460 $5,958 $681 $849 12.47% 36.49% Good
Year Price % Paid Value Rank
2020 $16,039 100%
2019 $12,088 74.65% Better
2018 $9,935 61.17% Better
2017 $8,323 52.15% Best
2015 $6,807 43.3% Good
2014 $5,958 36.49% Good

Other Mitsubishi Mirage 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 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: