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Mitsubishi

Mitsubishi - Shogun/Pajero (2003)

Discovering the true value of a Mitsubishi Shogun/Pajero has never been easier. Whether you’re looking at the classic 2003 model or a newer variant, the market can be confusing. In this guide, we break down the Mitsubishi Shogun/Pajero price landscape, offering you a clear snapshot that includes everything from base specs to depreciation trends, so you can answer that pressing question: what is a 2003 Mitsubishi Shogun/Pajero worth?

Key Specifications at a Glance
  • Engine: 3.0L inline‑4 (natural aspirated) or optional 2.0L inline‑4 in some markets
  • Power output: 115–138 hp depending on tuning and emissions standards
  • Torque: Roughly 200–210 Nm
  • Transmission: 4‑ or 6‑speed manual, 5‑speed automatic available in later trims
  • Drive type: Permanent four‑wheel drive, optionally with part‑time four‑wheel drive mode for low‑traction situations
  • Fuel type: Gasoline only; no diesel or hybrid options in the original lineup
  • Dimensions (approximate):
    • Length: 4,305 mm (4.3 m)
    • Width: 1,795 mm (1.8 m)
    • Height: 1,635 mm (1.6 m)
    • Wheelbase: 2,690 mm (2.7 m)
  • Weight: 1,680–1,870 kg, depending on options and drivetrain configuration
  • Seating capacity: 5–7 depending on interior layout (optional third‑row for increased utility)
  • Notable features: Basic air conditioning, manual or power windows (depending on trim), optional navigation, basic ABS, seat belts for all seats
Depreciation Insight – How the Value Evolves Over Time

The Mitsubishi Shogun/Pajero depreciation curve is fairly typical for full‑size SUVs that entered the market in the early 2000s. Below are realistic estimates that can guide your buying or selling strategy: