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What is Mitsubishi depreciation?
I need a car for a year or so before I move across the country. I’ve found a great deal on a Mitsubishi in my area, but I’d like to sell it before I leave. How quickly do Mitsubishis depreciate?
Mary Cahill · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It makes sense to sell your car and recoup some of your investment before you move, so let’s see how much you could save.
Depreciation is the rate at which a vehicle loses its value. How much your particular
Mitsubishi
depreciates will depend on which model you buy and how hard you drive it.Your vehicle's resale price will plummet if you scratch the paint, wear out the brakes, or get into a collision. However, if you care for your Mitsu, its next owner will greatly appreciate it.
Here are the average depreciation rates for some of the most popular Mitsubishis on the market:
- The Mitsubishi Outlander ($35,368): This best-selling SUV depreciates about 30% after five years, meaning a new model will sell for $24,379 five years.
- The Mitsubishi Mirage ($19,391): Spend five years with this subcompact SUV and its value will drop about 24%, leaving you with a resale value of $14,834.
- The Mitsubishi Eclipse Cross ($30,268): Drive 12,000 miles every year for five years, and you can expect the EC’s value to drop about 29% to $21,484.
Simply divide these estimates by five to determine how much your Mitsubishi will depreciate in a year. However, vehicles lose most of their value within their first year. You can keep your Mitsubishis value high by driving safely and following a regular maintenance routine.
View full answer
- Gregory R.
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