2015 Mitsubishi Mirage DE w/19,000 miles 5S/MT - Atlanta

[macarose]

For some strange reason I always seem to find low mileage Mirages at the dealer auctions here in Atlanta that are either red, black, or silver.

This particular one was sitting in what I call Carvana Heaven.

https://www.carvana.com/vehicle/1838259

They had it online for a few months and then wholesaled it to me.

https://atlanta.craigslist.org/wat/c...352205157.html

It is a 2015 Mitsubishi Mirage DE with the 5-Speed MT and only 19,000 miles. I am selling it for $7990 which is exactly $5000 less than what Carvana was trying to get for it.

If you don't know who I am feel free to Google 'long-term quality' or 'long-term reliability'. I'm the co-developer of the Long-Term Quality Index. We have nearly 3 million vehicles that have been inspected by independent mechanics all over the country, including nearly 1200 Mirages which have yielded an 'average' rating. For a subcompact that's higher ranked than a Hyundai Accent, Kia Rio, and pretty much any vehicle that isn't a Toyota or Honda (or Mazda 2).

[Eggman]

For some strange reason I always seem to find low mileage Mirages at the dealer auctions here in Atlanta that are either red, black, or silver.

This particular one was sitting in what I call Carvana Heaven.

https://www.carvana.com/vehicle/1838259

They had it online for a few months and then wholesaled it to me.

https://atlanta.craigslist.org/wat/c...352205157.html

It is a 2015 Mitsubishi Mirage DE with the 5-Speed MT and only 19,000 miles. I am selling it for $7990 which is exactly $5000 less than what Carvana was trying to get for it.

If you don't know who I am feel free to Google 'long-term quality' or 'long-term reliability'. I'm the co-developer of the Long-Term Quality Index. We have nearly 3 million vehicles that have been inspected by independent mechanics all over the country, including nearly 1200 Mirages which have yielded an 'average' rating. For a subcompact that's higher ranked than a Hyundai Accent, Kia Rio, and pretty much any vehicle that isn't a Toyota or Honda (or Mazda 2).

Did you ever sell that other 2014 Mirage? I'm guessing that you did and it just wasn't updated here.

2014 mitsubishi mirage de - well kept - 55,000 miles - $4900

I am selling this 2014 model which as everyone here knows, has a healthy long list of features and options. But just in case you wanted to get the particulars, I have them on Facebook as well.

I am in Atlanta which is either a long drive or a cheap one way flight.

If you're interested feel free to PM me. All the best!

Steve

https://www.facebook.com/permalink.p...27864380887174

That's a big difference in price! I know car prices have gone up but not that much. Why the big increase in your pricing?

You are asking $3,090 more than the 2014 you advertised here four years ago.

That's a 63% increase, and except for transmission they are equipped the same (both are DEs without cruise control.)

$4,900 + $3,090 = $7,990

Are you at least open to offers?

[applezz13]

That Carvana price is what drove me to buy a 2021. When I was looking foe a 2-4 year old model they were all around 12K in my area. New was 11900, what a weird car world currently.

[macarose]

That Carvana price is what drove me to buy a 2021. When I was looking foe a 2-4 year old model they were all around 12K in my area. New was 11900, what a weird car world currently.

Here's the difference between 2017 and 2021.

- the manufacturing a new vehicles is down over 30% due to a chip shortage that is now estimated to last until the summer of 2022.

- Between the two PPP programs and the extra tax refunds that were received from 2019, there is now an extra three trillion dollars that is in the economy at this point.

- there are now competitors, like carvana and the rental car companies, that are completely sucking up the supply of late model cars. Everyone is experiencing a severe shortage right now. If you look at the front lots at your local new car dealership, you'll see a lot of empty space. Rental car companies are now selling absolutely nothing and trying to buy whatever they can.

- Carvana, CarMax, and Vroom have access to cheap capital that doesn't require them to make money on paper. When those few late model vehicles are available all the dealers have to compete against each other online. These days I sometimes visit eight or nine different online auctions, where in the past I would usually go to no more than one live auction a day in person.

- All this means that unless there's a severe recession, prices will never be at the levels that they once were. You can thank the near monopoly that Manheim has on the wholesale market and their ability to make everyone look at the same auction at the same time for all 50 states and overseas.

4 years ago every major manufacturer was selling some type of compact or subcompact vehicle. Many sold both back then. Today Mitsubishi only competes with a few Korean engineered vehicles in the new car market. Their near exclusive presence has made the Mirage more valuable in the marketplace. The days of me finding a Mirage for a rock bottom price and reselling it are frankly over. You won't be finding three year old Mirages for $4500 ever again.

Wish I could tell you different, but these are the new market realities. All the best.

[dberry]

Here's the difference between 2017 and 2021.

- the manufacturing a new vehicles is down over 30% due to a chip shortage that is now estimated to last until the summer of 2022.

I got laid off because of that chip shortage. I was always early to work and stayed late but the chips got me, not Covid

[Mark]

Did you ever sell that other 2014 Mirage? I'm guessing that you did and it just wasn't updated here.

2014 mitsubishi mirage de - well kept - 55,000 miles - $4900

That's a big difference in price! I know car prices have gone up but not that much. Why the big increase in your pricing?

You are asking $3,090 more than the 2014 you advertised here four years ago.

That's a 63% increase, and except for transmission they are equipped the same (both are DEs without cruise control.)

$4,900 + $3,090 = $7,990

Are you at least open to offers?

Sadly, used car prices have gone up that much in the States. I have heard that used vehicle prices are 60% higher than a year ago.

Carvana's used car prices are especially nuts! Few examples -
2020 ES manual with 4,045 listed for $17,590.
2020 ES manual with 18,685 miles listed for $18,590. I could have bought two brand new 2017 ES manuals @ White Bear for less than one used 2020 ES manual!

These used 2020 ES manuals are a 100% increase over what I paid 4 years ago for a new one! Then again Carvana is nuts on their pricing.

Closest match I can find to my car today is 2017 ES manual with 51,800 miles. The dealer (not Carvana) is asking $8,895 for it. You could buy a brand new one in 2017 for $9,000 or even less if you qualified for any of the 3 different $500 rebates (loyalty, military, or VIP). On a positive note - Our complaints about Mirage depreciation have disappeared.

Low mileage 2015 DE manuals are listed above $8,000 in my area -
2015 DE manual with 32,511 miles for $8455.
2015 DE manual with 28,128 miles for $8772.

I don't think we can compare what cars were going for even a few months ago compared to now. In April of 2021, I could have about a brand new 2021 Mirage ES manual for $10,000 @ White Bear ($10,999 - $1,000 loyalty rebate). The same car is about $4,000 more. That's a good percentage increase for a small economy car.

A person would have to have blinders on to not see things have changed drastically the past few months. It goes way beyond a chip shortage. We were told that we were saving 16 cents on a 4th of July picnic compared to last year. I don't think anyone buys that? Does that counter gas prices going up $1.00-1.50 a gallon? I say all this, because I think the rise of gas prices may have some people consider a car like the Mirage again.

I am thankful that I don't need to buy a car (or a house for that matter).

Throwing the question back @ Eggman - What does $4,900 buy you today? Have you seen some low mileage (under 55,000 miles) Mirages for that price recently?

Heck, another forum member sold his 2017 Mirage ES manual (paid $9,600 new) to Carvana for $9,400 not all that long ago. I am not an economist, but I think we are entering a period of extreme inflation.

[Eggman]

Throwing the question back @ Eggman - What does $4,900 buy you today? Have you seen some low mileage (under 55,000 miles) Mirages for that price recently?

1. I thoroughly understand the recent trend in automobile pricing, as I’ve shared here on the forum.
2. Carvana couldn’t sell it so they wholesaled it off so I’m still not getting the rationale.
3. You Mark of all people are deeply sensitive to the price of cheap cars!! Just going on how you regularly proclaim how much you paid for yours I struggle to understand how you would chime in to justify this. It’s confusing if not contradictory and/or hypocritical.

No big deal to me, I got my well-equipped Mirage at a great price years ago.

[Mark]

1. I thoroughly understand the recent trend in automobile pricing, as I’ve shared here on the forum.
2. Carvana couldn’t sell it so they wholesaled it off so I’m still not getting the rationale.
3. You Mark of all people are deeply sensitive to the price of cheap cars!! Just going on how you regularly proclaim how much you paid for yours I struggle to understand how you would chime in to justify this. It’s confusing if not contradictory and/or hypocritical.

No big deal to me, I got my well-equipped Mirage at a great price years ago.

Really? He's trying to sell it for $5000 under what Carvana was asking for it? What don't you understand?

It's a 2015 with only 19,000 miles. You own a low mileage 2015 ES manual. How much would it take to buy it off of you in today's market? Seriously, what price would make you happy? That's a fair question under the circumstances.

I get that it's a 2015 DE manual that doesn't have cruise & some other features, but cruise can be added for $500 or less. Adding alloy wheels would only cost a few hundred dollars. If someone wants a cheap car, those items aren't going to stop them from buying a car like this. It's still an economy car with automatic climate controls (A/C), power windows, remote entry, and a few other nice features.

Our base level Mirage has never been all that basic compared to some other markets. When you start selling older cars like this, trim levels aren't going to dictate much difference in price. I think low mileage/usage starts to trump features when it comes to old cars being sold. I may be wrong about that? If someone loves push button start, I suppose they would pass on a car like this. I'd rather have a key. If I want to make extras for family members, they cost less than $15 to buy & have made.

The bottom line is things aren't as cheap these days, & that's the point here! That's why I shared other examples in the my previous post. Yes, I bought a Mirage when I could get a brand new for under 2/3 window sticker price. Back in 2017, used updated Mirages with manual transmissions also didn't exist. Today is different. If I had to pay $13,000-14,000 for a new Mirage ES manual, a slightly used one for $7,500-8,000 doesn't look so bad any more.

If you sold your Mirage, how much would ask for it in today's market? ​

In all honesty, I would rather have an updated 2017+ ES manual over a 2014-15 ES manual. I'd rather have the updated car verses features like push button start & alloy wheels. It's easier to add cruise to a 2017-18 Mirage (2019+ already have it) than do the other 2017+ updates to a 2014-15. I'm not sure that I could adjust to 4 less horsepower? I joke. There's nothing wrong with a 2014-15 Mirage. Having said that, I do like the little updates that were done in 2017+. As far as I am concerned, the 2021 Mirage is the same car with different bumpers slapped on it. Since I like the car, I am not all that critical of that. I just wouldn't pay a lot more for that! It's basically the same car!

[Eggman]

I’ve no plans on selling mine and see no problem pointing out the math here. You Mark of all active posters here can appreciate that.

[Mark]

I’ve no plans on selling mine and see no problem pointing out the math here. You Mark of all active posters here can appreciate that.

I am not asking you to sell your car, I am not following a single thing you say here?

What's a fair price for 2015 Mirage DE manual with 19,000 miles in today's market?

You are the one questioning his $7,990 asking price, & you're basing that off of a Mirage he listed 4 years ago?

I searched the entire country (cars.com & autotrader.com) for Mirage manuals with under 20,000 miles. These are the cheapest one I can find in today's market -

cars.com
2018 ES manual with 16,963 miles for $11,977.
2019 ES manual with 16,821 miles for $12,232
2019 ES manual - listed below for $12,779.
2018 ES manual listed bellow for $13,245.
2019 ES manual with 4,502 miles for $13,490.
2019 ES manual with 12,454 miles for $13,995.
2020 ES manual with 11,036 miles for $14,147
2020 ES manual listed below for $14,449.
2019 ES manual with 12,791 miles for $14,995.
2020 ES manual listed below for $15,000.
2020 ES manual with 15,386 miles for $15,525.
2020 ES manual with 10,730 miles for $15,595.
2021 ES manual with 4,556 miles for $15,998.
2020 ES manual with 319 miles for $16,400.
2020 ES manual with 18,593 miles for $16,497.
2020 ES manual with 4,045 miles for $17,590.
2020 ES manual with 18,885 miles for $18,950.

autotrader.com
2015 DE manual with 28,128 miles for $8,772 (not under 20,000 miles, but I am including it just the same)
2018 ES manual same car on cars.com for $11,997.
2019 ES manual with 13,191 miles for $11,999.
2018 ES manual with 8,538 miles for $12,591.
2019 ES manual with 19,007 miles for $12,779.
2018 ES manual with 11,321 miles for $13,245 (reduced price)
2018 ES manual with 4,895 miles for $13,995.
2020 ES manual with 4,933 miles for $14,499.
2020 ES manual with 7,204 miles for $15,000.
2021 ES manual with 2,231 miles for $15,840.
2020 ES manual with 10,701 miles for $15,995.
2020 ES manual with 11,190 miles for $16,450.
2019 ES manual with 3,470 miles for $16,995.

This is the current Mirage manual low mileage (under 20,000 miles) market. This is very drastic change in the used car pricing of the Mirage. I only searched for manuals. I did a "manual" sort, but I didn't 100% confirm these are all manuals on each site.

First conclusion - A 2014-15 Mirage manual that's under 20,000 miles is very rare. I didn't find one.

A 2015 DE manual with 19,000 miles for $7,990 doesn't look that out of line to me. Like I just said, a 2015 manual with that low of mileage is quite rare. Compared to the 2015 DE manual with 28,128 miles for $8,772 above, I feel his $7990 Mirage with less mileage is a good deal.

Eggman - When you say the car market hasn't changed that much from 4 years ago, I would really question that? It's changed drastically in the last few months!

Anyone could have bought a 2021 Mirage for $10,999 in April. If you were a Mitsubishi owner, it would have been $9,999 for a brand new Mirage ES manual (after the $1,000 loyalty rebate) @ White Bear.

You're not going to touch a low mileage (under 20,000 miles) used Mirage for under $10,000 now unless it's a 2014-15.

Given the current market, $7990 is a good deal on any Mirage (regardless of the year) with under 20,000 miles (provided it's in good shape & not a salvage/rebuilt title).

I've explained where I am coming from, but I don't understand where you are coming from at all?

A low mileage 2015 ES manual with all those fancy extra features is probably priceless!

I just leave it at that!