Mitsubishi Mirage Depreciation

A Mitsubishi Mirage will depreciate 27% after 5 years and have a 5 year resale value of $13,975.

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 $19,181 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

Current Vehicle Age
Current Price
Own it For
Annual Miles

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $788 95.89% $18,393 12,000 2022
2 $909 95.26% $18,272 24,000 2023
3 $1,841 90.40% $17,340 36,000 2024
4 $2,933 84.71% $16,248 48,000 2025
5 $5,206 72.86% $13,975 60,000 2026
6 $7,617 60.29% $11,564 72,000 2027
7 $8,069 57.93% $11,112 84,000 2028
8 $8,998 53.09% $10,183 96,000 2029
9 $10,220 46.72% $8,961 108,000 2030
10 $11,018 42.56% $8,163 120,000 2031

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value
1 $788 95.89% $18,393
2 $909 95.26% $18,272
3 $1,841 90.40% $17,340
4 $2,933 84.71% $16,248
5 $5,206 72.86% $13,975
6 $7,617 60.29% $11,564
7 $8,069 57.93% $11,112
8 $8,998 53.09% $10,183
9 $10,220 46.72% $8,961
10 $11,018 42.56% $8,163

Buying a Mitsubishi Mirage New vs Used

If you purchase a used Mitsubishi Mirage that is 2 years old, then you could save $909 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 $4,297. 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.

What About Mitsubishi Mirage Insurance Costs?

The average cost to insure a Mitsubishi Mirage is about $1,795 per year. This adds up to around $8,975 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. 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

The Best Model Years to Buy a Mitsubishi Mirage

The 2021 Mitsubishi Mirage is our top pick for the best model year value for the Mirage. With the 2021, you would only pay, on average, 96% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2017 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
2022 $19,181 $19,181 $170 $0 0% 100%
2021 $19,133 $18,546 $199 $635 3.31% 95.89% Best
2020 $16,039 $15,525 $246 $3,021 16.29% 95.26% Better
2019 $15,926 $14,717 $320 $808 5.2% 90.4% Good
2018 $15,832 $13,793 $382 $924 6.28% 84.71% Good
2017 $15,326 $11,647 $480 $2,146 15.56% 72.86% Better
2015 $14,593 $9,555 $757 $2,092 17.96% 60.29%
2014 $14,460 $9,208 $831 $347 3.63% 57.93%
Year Price % Paid Value Rank
2022 $19,181 100%
2021 $18,546 95.89% Best
2020 $15,525 95.26% Better
2019 $14,717 90.4% Good
2018 $13,793 84.71% Good
2017 $11,647 72.86% Better
2015 $9,555 60.29%
2014 $9,208 57.93%

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: