Mitsubishi Mirage Depreciation

A Mitsubishi Mirage will depreciate 64% after 5 years and have a 5 year resale value of $5,798.

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 $3,765 76.61% $12,331 12,000 2022
2 $6,414 60.15% $9,682 24,000 2023
3 $6,599 59.00% $9,497 36,000 2024
4 $8,032 50.10% $8,064 48,000 2025
5 $10,298 36.02% $5,798 60,000 2026
6 $11,135 30.82% $4,961 72,000 2027
7 $11,507 28.51% $4,589 84,000 2028
8 $11,670 27.50% $4,426 96,000 2029
9 $11,708 27.26% $4,388 108,000 2030
10 $12,397 22.98% $3,699 120,000 2031

Mitsubishi Mirage Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,765 76.61% $12,331
2 $6,414 60.15% $9,682
3 $6,599 59.00% $9,497
4 $8,032 50.10% $8,064
5 $10,298 36.02% $5,798
6 $11,135 30.82% $4,961
7 $11,507 28.51% $4,589
8 $11,670 27.50% $4,426
9 $11,708 27.26% $4,388
10 $12,397 22.98% $3,699

Buying a Mitsubishi Mirage New vs Used

If you purchase a used Mitsubishi Mirage that is 2 years old, then you could save $6,414 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 $3,884. 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 $1,644 per year. This adds up to around $8,220 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 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, 60% of the price as new, with 83% of the vehicle's useful life remaining. The 2017 and 2020 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 $163 $0 0% 100%
2020 $16,039 $12,480 $193 $3,616 22.47% 76.61% Better
2019 $15,926 $9,819 $239 $2,661 21.32% 60.15% Best
2018 $15,832 $9,341 $314 $478 4.87% 59% Good
2017 $15,326 $8,055 $376 $1,286 13.77% 50.1% Better
2015 $14,593 $5,929 $672 $2,126 26.39% 36.02% Good
2014 $14,460 $5,207 $751 $722 12.18% 30.82%
Year Price % Paid Value Rank
2021 $16,096 100%
2020 $12,480 76.61% Better
2019 $9,819 60.15% Best
2018 $9,341 59% Good
2017 $8,055 50.1% Better
2015 $5,929 36.02% Good
2014 $5,207 30.82%

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: