Mitsubishi Mirage Depreciation

A Mitsubishi Mirage will depreciate 59% after 5 years and have a 5 year resale value of $6,632.

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 $16,096 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 Calculator

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Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,321 79.37% $12,775 12,000 2022
2 $5,323 66.93% $10,773 24,000 2023
3 $6,366 60.45% $9,730 36,000 2024
4 $7,921 50.79% $8,175 48,000 2025
5 $9,464 41.20% $6,632 60,000 2026
6 $10,282 36.12% $5,814 72,000 2027
7 $10,313 35.93% $5,783 84,000 2028
8 $11,034 31.45% $5,062 96,000 2029
9 $11,296 29.82% $4,800 108,000 2030
10 $12,359 23.22% $3,737 120,000 2031

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,321 79.37% $12,775
2 $5,323 66.93% $10,773
3 $6,366 60.45% $9,730
4 $7,921 50.79% $8,175
5 $9,464 41.20% $6,632
6 $10,282 36.12% $5,814
7 $10,313 35.93% $5,783
8 $11,034 31.45% $5,062
9 $11,296 29.82% $4,800
10 $12,359 23.22% $3,737

Buying a Mitsubishi Mirage New vs Used

If you purchase a used Mitsubishi Mirage that is 2 years old, then you could save $5,323 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 $4,141. 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 2019 Mitsubishi Mirage is our top pick for the best model year value for the Mirage. With the 2019, you would only pay, on average, 67% of the price as new, with 83% of the vehicle's useful life remaining. The 2017 and 2018 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
2021 $16,096 $16,096 $171 $0 0% 100%
2020 $16,039 $12,929 $199 $3,167 19.68% 79.37% Good
2019 $15,926 $10,910 $251 $2,019 15.62% 66.93% Best
2018 $15,832 $9,900 $330 $1,010 9.26% 60.45% Better
2017 $15,326 $8,166 $382 $1,734 17.52% 50.79% Better
2015 $14,593 $6,693 $681 $1,473 18.04% 41.2% Good
2014 $14,460 $5,996 $773 $697 10.41% 36.12%
Year Price % Paid Value Rank
2021 $16,096 100%
2020 $12,929 79.37% Good
2019 $10,910 66.93% Best
2018 $9,900 60.45% Better
2017 $8,166 50.79% Better
2015 $6,693 41.2% Good
2014 $5,996 36.12%

Mitsubishi Mirage Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

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: