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Mitsubishi - Lancer (2004)
Discover the Mitsubishi Lancer’s appeal—whether you’re hunting for a 2004 model or a newer variant—by exploring its price, specs, depreciation curve, and how it stands against rivals.
Engaging Overview
The Mitsubishi Lancer remains a popular choice among compact‑car enthusiasts. Its timeless design, robust performance, and comfortable cabin still attract buyers today. But what is a 2004 Mitsubishi Lancer worth? How does the Mitsubishi Lancer price trend across years, and what can you expect when you look at the used Mitsubishi Lancer price? Below you’ll find a full breakdown that covers the car’s key specs, a realistic depreciation outlook, and a comparison with comparable models.
Key Specifications
- Engine: 2.0‑liter inline‑4, 141 hp, 140 lb‑ft torque
- Transmission: 5‑speed manual (optional 4‑speed automatic)
- Fuel Type: Regular gasoline
- Drivetrain: Front‑wheel drive
- Dimensions (2004 Lancer):
- Length: 168.5 in (4,285 mm)
- Width: 69.1 in (1,750 mm)
- Height: 56.9 in (1,446 mm)
- Seating: 5 passengers
- Cargo Capacity: 13.8 ft³ (front) / 39.4 ft³ (rear)
- Fuel Economy (EPA): 24 mpg city / 32 mpg highway (road‑legal 2004)
- Safety Features: Dual front airbags, ABS, traction control (2004 model)
Mitsubishi Lancer Depreciation Insight
Understanding Mitsubishi Lancer depreciation is crucial when evaluating both new and used models. Here’s what to expect:
- First year: typical loss of 15–20% of purchase price
- Year 2–3: drop of 5–10% each year as the car ages and mileage increases
- Year 4–6: 2–5% annual depreciation, approaching a stable resale value
- Beyond 7 years: maintenance costs become a larger factor than depreciation alone
Because the Mitsubishi Lancer’s market presence has remained steady, its depreciation curve tends to be gentler than pricier compact cars. However, the used Mitsubishi Lancer price still reflects conditions such as mileage, service history, and market demand in your region.
Market Position & Comparison
Compared to contemporary rivals—such as the Honda Fit, Toyota Yaris, and Ford
Last 20 car trackeds
| Last tracked date | Status | Price | Price rank | Link |
|---|---|---|---|---|
| 4 years ago | used | US$3,825.00 | Unlock all links | |
| 4 years ago | used | £38,990.00 | Unlock all links | |
| 4 years ago | used | £38,990.00 | Unlock all links | |
| 4 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £38,990.00 | Unlock all links | |
| 5 years ago | used | £42,490.00 | Unlock all links |