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Thinking about getting behind the wheel of a Mitsubishi Montero? Whether you’re a long‑time fan of the iconic SUV or a first‑time buyer exploring classic models, the 2003 Mitsubishi Montero stands out for its rugged capability and comfortable ride. Any potential buyer will likely start with a single, instinctive question: What is a 2003 Mitsubishi Montero worth? Understanding the Mitsubishi Montero price landscape—how used models trend across markets, how depreciation plays out, and how it stacks up against its peers—is key to spotting a good deal.

• Engine: 4.5‑L “S”—a V6 with built‑in counter‑pressure turbocharged option, 210 hp.
• Transmission: 4‑speed automatic (early 2003); Z61 six‑speed manual available on later trims.
• Fuel Type: Regular gasoline; no flex‑fuel or diesel variants.
• Drivetrain: Full‑time 4WD 4‑wheel drive, standard on all models.
• Dimensions: Length 172 in, Width 71 in, Height 79 in; wheelbase 107.3 in.
• Interior: Leather seats, dual‑zone climate control, optional premium audio.
• Exterior: 17‑inch alloy wheels, rear‑view backup camera (optional), roof rails.
• Safety: Dual front airbags, ABS, traction control, optional side‑impact airbags.

When the question arises, “Used Mitsubishi Montero price,” the answer often feels like a balancing act between age, mileage, and curb appeal. The 2003 version is commonly referred to by collectors and off‑road enthusiasts, so prices can hover in a range that reflects both classic cachet and wear. Typically, a well‑maintained 2003 Mitsubishi Montero with 100,000 miles might fetch the upper band of its segment, while a more heavily‑used example with 200,000 miles would lean toward the lower end. All of these variations highlight a fundamental rule of vehicle economics: depreciation.

Mitsubishi Montero depreciation is fairly typical for the SUV class. Within the first year of ownership, you can expect a loss of 15‑20% in value, reflecting initial brand depreciation and vehicle depreciation. Over the first three years, a 2003 Mitsubishi Montero may see roughly a 40‑45% decline from its original retail price, after which its depreciation curve tends to flatten. Current market trends also suggest that SUVs tend to retain their value better than compacts, so a strong-equipped Montero often loses slightly less value in the second and third years compared with lower‑tier vehicles.

To put it plainly:

• Year 0 to 1 year: –15 % to –20 %
• Year 1 to 3 years: roughly –30 % to –35 % cumulative
• Year 3 onward: proportional to market supply, demand and condition, usually –5 % to –10 % annually

Those figures are based on national depreciation data for the SUV segment and reflect the 2003 Montero’s typical market path. Because the Montero resists rapid obsolescence, the depreciation pace slows after the first few years, which is an important consideration if you’re evaluating long‑term ownership costs.

Comparing the 2003 Mitsubishi Montero to similar models helps clarify its value proposition:

• GMC Yukon (2003) – More spacious, luxury‑oriented, but priced higher; Montero offers comparable off‑road capability at a lower entry point.
• Ford Explorer (2002‑2003) – Holds a similar size and engine class; consumers often favor the Montero for its more robust 4WD system and rugged branding.
• Chevrolet TrailBlazer (2003) – Shares the V6 powertrain but typically lags in comfort and cargo capacity; Montero stands out for versatility.

When you’re browsing used inventory, you’ll find the Mitsubishi Montero positioned within the “mid‑tier, high‑performance SUV” segment. It’s particularly popular in markets that value dependable off‑road performance without premium pricing. Dealers in escape‑and‑adventure hubs or yards that specialize in 4WD vehicles often highlight the 2003 Montero as a “go‑to” choice for those who need a rugged companion that also delivers everyday

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Last tracked date	Status	Price	Price rank	Link
2 years ago	used	€6,999.00		Unlock all links
2 years ago	used	€5,900.00		Unlock all links
2 years ago	used	€6,999.00		Unlock all links
2 years ago	used	€5,900.00		Unlock all links
2 years ago	used	€5,900.00		Unlock all links
2 years ago	used	€5,900.00		Unlock all links
2 years ago	used	€5,900.00		Unlock all links
2 years ago	used	€6,999.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,999.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,999.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,900.00		Unlock all links
2 years ago	used	€6,290.00		Unlock all links
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2 years ago	used	€7,990.00		Unlock all links