Mitsubishi Mirage Depreciation

A Mitsubishi Mirage will depreciate 63% after 5 years and have a 5 year resale value of $5,890.

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, and assumes a purchase price of $16,039 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,034 74.85% $12,005 13,500 2021
2 $6,196 61.37% $9,843 27,000 2022
3 $7,641 52.36% $8,398 40,500 2023
4 $9,059 43.52% $6,980 54,000 2024
5 $10,149 36.72% $5,890 67,500 2025
6 $10,591 33.97% $5,448 81,000 2026
7 $11,000 31.42% $5,039 94,500 2027
8 $11,378 29.06% $4,661 108,000 2028
9 $11,727 26.88% $4,312 121,500 2029
10 $12,051 24.86% $3,988 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,034 74.85% $12,005
2 $6,196 61.37% $9,843
3 $7,641 52.36% $8,398
4 $9,059 43.52% $6,980
5 $10,149 36.72% $5,890
6 $10,591 33.97% $5,448
7 $11,000 31.42% $5,039
8 $11,378 29.06% $4,661
9 $11,727 26.88% $4,312
10 $12,051 24.86% $3,988

Mitsubishi Mirage Depreciation Calculator

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If you purchase a used Mitsubishi Mirage that is 2 years old, then you could save $6,196 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 $3,953. 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 $139 $0 0% 100%
2019 $15,926 $12,088 $167 $3,951 24.63% 74.85% Better
2018 $15,832 $9,935 $219 $2,153 17.81% 61.37% Better
2017 $15,326 $8,323 $298 $1,612 16.23% 52.36% Best
2015 $14,593 $6,807 $456 $1,516 18.21% 43.52% Good
2014 $14,460 $5,958 $649 $849 12.47% 36.72% Good
Year Price % Paid Value Rank
2020 $16,039 100%
2019 $12,088 74.85% Better
2018 $9,935 61.37% Better
2017 $8,323 52.36% Best
2015 $6,807 43.52% Good
2014 $5,958 36.72% Good
Our Favorite Mitsubishi Mirage Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.