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Mitsubishi

Mitsubishi - Lancer (2007)

Looking for a reliable compact sedan that blends practicality with subtle sportiness? The 2007 Mitsubishi Lancer delivers an engaging driving experience without breaking the bank. Whether you’re a first‑time buyer or a seasoned collector, understanding the Mitsubishi Lancer price spectrum is key to making an informed purchase. In this guide, we’ll walk you through the core specifications, depreciation dynamics, market positioning, and how our database can help you pin down the exact value you’re seeking.

Key Specifications

  • Engine: 1.8L 4‑Cylinder inline‑4 (0.8‑0.9 L/min displacement), producing up to 140 hp.
  • Transmission: 4-speed automatic or 6‑speed manual, depending on trim.
  • Fuel Type: Standard gasoline with a 43 % S‑fuel (regular) and 19 % S‑fuel (premium) option.
  • Dimensions: Overall length 4,390 mm; width 1,735 mm; height 1,460 mm; wheelbase 2,625 mm.
  • Weight: 1,170 kg (with standard equipment).
  • Cylinders: 4 (inline).
  • Power: 140 hp @ 5,700 rpm.
  • Torque: 176 Nm @ 3,200 rpm.
  • Fuel Economy: 10.7 l/100 km (city) / 7.6 l/100 km (highway).
  • Seating Capacity: 5 passengers.
  • Drive Type: Front‑wheel drive (FWD).

Depreciation Insight

The Mitsubishi Lancer depreciation curve is fairly typical for compact sedan families. In the first year of ownership, you should expect a value drop of about 15‑20% due to the vehicle’s age and new‑car bias. Over the next few years, the depreciation curve eases to roughly 10‑12% per year, depending largely on mileage, condition, and market demand.

For a 2007 model, the overall depreciation after five years (mid‑2012/early 2013) usually lands around 50‑55% of the original price. However, depreciation accelerates again after the sixth year, especially if the car accumulates more than 80,000 km or significant wear. Thus, a 2007 Lancer that’s been driven conservatively and maintained properly can retain up to 45% of its original value after a decade, representing a steady, if modest, resale trajectory.

Note: These percentages are industry averages and can fluctuate based on regional economic conditions, supply of comparable used models, and local Mitsubishi dealership inventories.

Comparison Context

When you ask “what is a 2007 Mitsubishi Lancer worth,” it helps to compare it with peer vehicles: