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What is Mitsubishi depreciation?
There are a few used Mitsubishis for sale online that are within my car shopping budget, but before I go ahead and scoop one up, can you clue me on Mitsubishi's depreciation rates?
Mary Cahill · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s a good idea to understand the value of anything you buy. Mitsubishi depreciation rates will depend on which model you drive. Depreciation is the rate at which a vehicle loses its value and helps predict the resale price.
The bestselling
Mitsubishi Outlander
SUV has a depreciation rate of 31% after five years. If you buy a new Outlander for around $35,368 and sell it gently used five years later, the projected resale price will be about $24,379. If you purchase a
Mitsubishi Mirage
subcompact SUV new, the depreciation rate after five years is 27%. This means that the Mirage loses about $5,206 of its original value during this time. Mitsubishi vehicles hold their value better than other brands, which is all the more reason why you should keep yours safe with quality
car insurance
that’s actually affordable. Luckily, it’s easier than ever to save on your Mitsubishi insurance costs
with the Jerry
app. It takes under a minute for super app Jerry to scan hundreds of quotes from more than 55 partnering insurance companies. We’ll send you the best deals—just tap the quote you like best and Jerry will help you enroll with your new insurance provider, leading to potential savings of over $800 per year!
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