Originally Posted by
Mark
I am not convinced a Mirage has bad resale value.
I did a 200 miles radius search from my home of Mirages (with manual transmissions) on cars.com, & 14 cars came up. I would never consider an automatic or CVT small car. FYI - zero 2014-15 manual cars came up in my search radius.
2017 ES with 74,245 miles for $7,136.
2018 ES with 32,1070 miles for $8,895.
2018 ES with 16,802 miles for $8,996.
2018 ES with 35,611 miles for $9,226.
2019 ES with 6,169 miles for $9,497.
2018 ES with 12,506 miles for $9,499.
2019 ES with 14,842 miles for $10,599.
2019 ES new for $10,999 @ White Bear Mitsubishi
2019 ES with 6,860 miles for $12,243 @ Mad City Mitsubishi
Remain 5 cars listed are higher priced new cars.
This is why I test drove a new Mirage @ Mad City Mitsubishi (65 miles away), & I purchased one from White Bear Mitsubishi (200 miles away).
A Mirage needs to be affordable, reliable, and economical to be a great value. Personally, I wouldn't pay more than $10,000 for a Mirage even though I really like mine.
When I first noticed the Mirage in 2017, I became interested in the updated 2017 models. At first, I was going to wait a couple years to buy a good used one. When I discovered that I could buy a new one for $9000-9500, I decided there was no reason to wait. I don't regret that decision.
If I had to replace my Mirage now, I would probably buy a used one (like the 2019 ES with 6,169 miles). A low mileage used 2019 would be a little more expensive than what I paid for a new one in 2017, but the 2019 would have some features (like rear back up camera & cruise) that my current Mirage doesn't have.
If you trade in a newer Mirage, you will lose money. Personally, I think these cars are a great value (especially under $10,000). Even a new 2019 ES manual for $10,999 is not a bad deal. I bought my car from that dealership, & I am convinced the car would be that price. (no hidden surprises). If you qualified for some extra rebate offers, it would be even less.
Low mileage 2014-15 Mirages are even better deals for sure! As they add more & more features to the Mirage, I become less interested in new ones. I even noticed in Canada the real basic model is not so basic any more. Auto climate controls on the ES must have made A/C standard. Not a bad thing, but the base price has gone up, too!
Personally, I think cheap, economy cars should have a cheap base trim level. I think some consumers would embrace that, and others can surely pay extra for those features they can't live without.
Ninja Turtle
the snowball
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