Mitsubishi - Lancer (2002)

Discover the true value of a legendary Japanese sports sedan with our comprehensive guide to the Mitsubishi Lancer—one of the most iconic compact cars of the early 2000s. Whether you’re curious about the Mitsubishi Lancer price for a classic 2002 model or hunting a more recent year for resale, this resource gives you the essential facts, depreciation trends, and comparison data without offering misleading numbers.

Ford, Subaru, and Honda all produced impressive talent in the compact segment. Yet the Lancer carved out a unique niche thanks to its turbocharged power, sharp handling, and evolving style. If you’re wondering “what is a 2002 Mitsubishi Lancer worth?” or “how does the Mitsubishi Lancer 2002 price compare to other cars of its era?” this page holds the details you need.

Key Specifications – 2002 Mitsubishi Lancer RSX

• Engine: 2.0‑liter inline‑4 DOHC, 180 hp @ 6,800 rpm, 140 lb‑ft torque @ 4,500 rpm
• Transmission: 6‑speed manual (automatic available in some markets)
• Fuel System: Multi‑point fuel injection, gasoline
• Drive Layout: Front‑engine, front‑wheel drive
• Dimensions (L×W×H): 4,433 mm × 1,770 mm × 1,386 mm
• Wheelbase: 2,600 mm
• Length overall: 4,433 mm
• Ground clearance: 140 mm
• Weight: Approx. 1,330 kg (curb)
• Boot space: 365 litres (folding rear seats increase to 1,600 litres)
• Interior layout: Comfortable six‑passenger configuration with high‑grade trim options.

These specs are typical across most 2002 Lancer trims—from the sleek RSX to the more utilitarian base model—providing a solid baseline when you factor in condition, mileage, and regional variations.

Depreciation Insight – What Does the Mitsubishi Lancer depreciation Look Like?

Unlike luxury vehicles that often retain value, compact cars like the Lancer generally experience rapid early depreciation.

• First year: 15–20 % loss from original MSRP, with emphasis on immidiate depreciation after purchase.
• Year 2–3: 30–40 % cumulative loss on the vehicle’s resale value.
• Year 4–5: the vehicle’s value usually stabilizes, holding about 45–55 % of the initial factory price.

Key factors influencing depreciation include mileage, maintenance records, and the homeowner’s region. A well‑maintained 2002 Mitsubishi Lancer with under 50,000 km mileage may hold more of its value than a similar model with 150,000 km and cosmetic wear.

Comparison Context – How Does the Lancer Stack Up?

When you ask “what is a 2002 Mitsubishi Lancer worth?” it’s essential to consider peer models. In the same year, the 2002 Toyota Corolla and Honda Civic shared the compact segment, each competing on reliability and price:

• Bonnet comparisons: Toyota Corolla peaks at 118 hp; Honda Civic at

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