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Mitsubishi - Mirage (2016)
Are you curious about the value of the budget‑friendly Mitsubishi Mirage, especially the 2016 model? Whether you’re a potential buyer, a dealership operator, or simply a car enthusiast, understanding how the Mitsubishi Mirage price evolves over time is essential. Below is a comprehensive guide that breaks down everything you need to know—key specifications, depreciation trends, market comparisons, and more—so you can make an informed decision about the used Mitsubishi Mirage price.
- Model year: 2016
- Body style: 5‑door hatchback
- Engine: 1.2‑liter 4‑cyl, 63 hp, 84 lb‑ft torque
- Transmission: 5‑speed manual or continuously variable transmission (CVT)
- Fuel type: Regular unleaded gasoline
- Drivetrain: Front‑wheel drive (FWD)
- Seating capacity: 5 passengers
- Dimensions (L × W × H): 3,945 mm × 1,694 mm × 1,511 mm
- Wheelbase: 2,600 mm
- Cargo capacity: 961 liters (with rear seats up)
- Weight: 906 kg (dry)
- Trim levels: Mirage, Mirage 3P, Reflect, VXR, Arro
- Features: Automatic climate control, Bluetooth, 7‑inch touchscreen (high‑trim), backup camera (high‑trim)
Depreciation Insight: What Drives the Value Down?
The Mitsubishi Mirage depreciation schedule is one of the most favorable in the subcompact segment. Here’s a realistic look at how the vehicle’s worth typically changes:
- First year: 15–20% drop from the new car MSRP
- 2–3 years: 25–30% cumulative loss
- 4–5 years: 35–40% cumulative loss
- 6+ years: 45–50% cumulative loss, often stabilizing due to lower demand for very old units
Because the Mirage is a light‑weight, fuel‑efficient car, its resale values remain relatively stable compared to higher‑mmile models. For instance, a 2016 Mirage that was sold new for $14,500 might fetch somewhere between $7,500 and $9,000 after five years, reflecting the typical 55–60% depreciation.
Comparing the Mirage to Similar Models
When buyers consider a 2016 Mitsubishi Mirage, they often weigh it against other entry‑level hatchbacks like the Honda Fit, Toyota Yaris, and Nissan Versa. Here’s how the Mirage stacks up:
- Price advantage: The Mirage generally starts 10–20% lower than comparable models, making it an attractive choice for first‑time buyers.
- Fuel economy: Excellent, with around 30/38 mpg (city/highway). This outperforms many rivals.
- Interior space: While not as roomy as the Fit, the Mirage offers enough legroom for a 5‑person configuration.
- Reliability: Mitsubishi’s service network is solid, and the Mirage has a good record of low maintenance costs.
Because of these factors, the Mirage is often seen as the most budget‑friendly option in the subcompact market.
Market Position: Popular in the Entry‑Level Segment
The used Mitsubishi Mirage price has resonated strongly among entry‑level drivers, especially in urban settings where driving space and parking convenience matter. Its affordability makes it a common choice for:
- Students
- Young professionals
- First‑time car buyers
- Savers aiming to get more miles for less money
These groups appreciate the Mirage’s low operating costs, even if the cabin is relatively spartan compared to higher‑tier vehicles.
What Is a 2016 Mitsubishi Mirage Worth?
According to resale data providers that rely on real sales figures, the value of a 2016 Mirage in good condition currently ranges between approximately $7,500 and
Last 20 car trackeds
| Last tracked date | Status | Price | Price rank | Link |
|---|---|---|---|---|
| 3 years ago | used | £8,298.00 | Unlock all links | |
| 3 years ago | used | £5,989.00 | Unlock all links | |
| 4 years ago | used | £6,495.00 | Unlock all links | |
| 4 years ago | used | £6,290.00 | Unlock all links | |
| 4 years ago | used | £6,495.00 | Unlock all links | |
| 4 years ago | used | £6,500.00 | Unlock all links | |
| 4 years ago | used | £5,995.00 | Unlock all links | |
| 4 years ago | used | £6,599.00 | Unlock all links | |
| 4 years ago | used | £7,680.00 | Unlock all links | |
| 4 years ago | used | £7,995.00 | Unlock all links | |
| 4 years ago | used | £7,995.00 | Unlock all links | |
| 4 years ago | used | £7,779.00 | Unlock all links | |
| 4 years ago | used | £7,995.00 | Unlock all links | |
| 5 years ago | used | £5,938.00 | Unlock all links | |
| 5 years ago | used | £7,995.00 | Unlock all links | |
| 5 years ago | used | £5,938.00 | Unlock all links | |
| 5 years ago | used | £8,240.00 | Unlock all links | |
| 5 years ago | used | £7,995.00 | Unlock all links | |
| 5 years ago | used | £6,143.00 | Unlock all links | |
| 5 years ago | used | £8,240.00 | Unlock all links |