Mitsubishi Mirage Depreciation

A Mitsubishi Mirage will depreciate 64% after 5 years and have a 5 year resale value of $5,740.

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, 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 $4,698 70.71% $11,341 13,500 2021
2 $5,676 64.61% $10,363 27,000 2022
3 $7,575 52.77% $8,464 40,500 2023
4 $9,160 42.89% $6,879 54,000 2024
5 $10,299 35.79% $5,740 67,500 2025
6 $10,729 33.11% $5,310 81,000 2026
7 $11,127 30.63% $4,912 94,500 2027
8 $11,496 28.32% $4,543 108,000 2028
9 $11,837 26.20% $4,202 121,500 2029
10 $12,152 24.23% $3,887 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,698 70.71% $11,341
2 $5,676 64.61% $10,363
3 $7,575 52.77% $8,464
4 $9,160 42.89% $6,879
5 $10,299 35.79% $5,740
6 $10,729 33.11% $5,310
7 $11,127 30.63% $4,912
8 $11,496 28.32% $4,543
9 $11,837 26.20% $4,202
10 $12,152 24.23% $3,887

Mitsubishi Mirage Depreciation Calculator

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If you purchase a used Mitsubishi Mirage that is 2 years old, then you could save $5,676 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 $4,623. 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, 53% of the price as new, with 75% of the vehicle's useful life remaining. The 2019 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
2020 $16,039 $16,039 $139 $0 0% 100%
2019 $15,926 $11,428 $167 $4,611 28.75% 70.71% Better
2018 $15,832 $10,448 $219 $980 8.58% 64.61% Better
2017 $15,326 $8,385 $298 $2,063 19.75% 52.77% Best
2015 $14,593 $6,715 $456 $1,670 19.92% 42.89% Good
2014 $14,460 $5,824 $649 $891 13.27% 35.79% Good
Year Price % Paid Value Rank
2020 $16,039 100%
2019 $11,428 70.71% Better
2018 $10,448 64.61% Better
2017 $8,385 52.77% Best
2015 $6,715 42.89% Good
2014 $5,824 35.79% 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 April 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.