Mitsubishi Mirage Resale Value and Depreciation
See how much the Mitsubishi Mirage depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Mitsubishi Mirage depreciates 39.3 percent after five years, resulting in a resale value of $10,135. In comparison, the subcompact car category, which the Mitsubishi Mirage belongs to, loses 40.2 percent of its value after five years. For further context, the five-year depreciation for all hatchbacks is 36.6 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Mitsubishi Mirage for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Mitsubishi Mirage sees a depreciation of 28.3 percent with a resale value of $11,975. Its 7-year depreciation is 49.5 percent and 10-year depreciation is 62.7 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Mitsubishi Mirage depreciates 39.3 percent after five years, resulting in a resale value of $10,135. In comparison, the subcompact car category, which the Mitsubishi Mirage belongs to, loses 40.2 percent of its value after five years. For further context, the five-year depreciation for all hatchbacks is 36.6 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Mitsubishi Mirage for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Mitsubishi Mirage sees a depreciation of 28.3 percent with a resale value of $11,975. Its 7-year depreciation is 49.5 percent and 10-year depreciation is 62.7 percent.
Mitsubishi Mirage (hatchback) Depreciation After 3, 5, 7 and 10 Years
Mitsubishi Mirage (hatchback) Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.2827187978 |
4719.990329271 |
0.7172812022 |
11975.009670729 |
|
5 Years |
0.3929486016 |
6560.276903712 |
0.6070513984 |
10134.723096288 |
|
7 Years |
0.494546368 |
8256.45161376 |
0.505453632 |
8438.54838624 |
|
10 Years |
0.6270981615 |
10469.4038062425 |
0.3729018385 |
6225.5961937575 |
Mitsubishi Mirage (hatchback) Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Mitsubishi Mirage (hatchback) |
0.2827187978 |
0.3929486016 |
0.494546368 |
0.6270981615 |
|
All Subcompact Cars |
0.2498730870629116 |
0.4018734613325355 |
0.5199397630174465 |
0.6254199528766223 |
|
All Hatchbacks |
0.2349419951755788 |
0.3656720164509656 |
0.467856246999753 |
0.649728336461605 |
|
All Cars |
0.3165179968413209 |
0.4545119881897068 |
0.5646277219298009 |
0.673588353813038 |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.