How Much Is A 2003 Mitsubishi Lancer Worth

The Mitsubishi Lancer is a reasonably dependable vehicle that, with routine maintenance and cautious driving, can go between 150,000 and 200,000 kilometers. It may operate for 1013 years at 15,000 miles per year before requiring any excessively costly or uneconomical repairs.

What is the value of a 2003 Mitsubishi Lancer Evo?

What is the value of a 2003 Mitsubishi Lancer Evolution? Based on the condition, mileage, and extras, a used 2003 Mitsubishi Lancer Evolution is worth between $995 and $4,900.

What is a Mitsubishi Lancer’s current market value?

Price and Specs for the Mitsubishi Lancer. The Mitsubishi Lancer is offered in Sedan and Hatchback body styles, with prices ranging from $11,600 to $20,900 for the 2019 model year.

Are Mitsubishi Lancers fuel-efficient?

For sixteen years, Mitsubishi has produced many Lancer variants. Their combined mileage is on average 25.0 miles per gallon, with the most recent Lancer average being 30 combined MPG.

Government regulators calculate that the 2017 Lancer will cost $1,300 in fuel annually. This estimate is based on 15,000 miles of driving, a 55/45 highway/city driving ratio, and normal petrol.

You spend $750 less over the course of 5 years compared to an average vehicle, in comparison to other automobiles.

The Lancer uses around 11 barrels of oil annually, based on the average estimate of 15,000 kilometers driven. The majority of the world’s petroleum is produced in nations like Iraq, Saudi Arabia, Russia, and the United States.

The Lancer produces about 4,425,000 grams of CO2 annually, or 295 grams every mile. To put this into perspective, 211 plants would be needed to counteract these emissions because a typical tree absorbs roughly 21,000 grams of CO2 each year. The Lancer lacks start-stop functionality.

What are typical Mitsubishi Lancer issues?

Mitsubishi Lancer Typical Issues and Fixes

  • Losses in ventilation and slow fan speed. Problem:
  • Pulling is steering. Problem:
  • Breach of the brakes.
  • Engine stalls. Issue:
  • Slow Down and Check Engine Light Warning. Problem:
  • Issue: Oil Leak
  • starting issues Problem:
  • failure of the air conditioner. Problem:

Is Lancer a dependable vehicle?

The Mitsubishi Lancer is a dependable automobile. Out of the 36 compact car models examined by RepairPal, it had a dependability rating of 3.5 out of 5.0, placing it in 29th position overall. It’s also regarded as one of Mitsubishi’s fuel-efficient sedan models.

Does Mitsubishi maintain its value?

Toyota tops the list with vehicles that, on average, depreciate only 42.3% after five years of ownership. This is less than the worldwide average of 49.6%.

The reliability of the brand helps Toyota automobiles maintain their value across all vehicle sectors, according to Ly.

Two Dodge and Mitsubishi vehiclesout of the ten on the listhave depreciation rates that are higher than the industry average (51.4 and 51.8 percent, respectively). These, however, are still more expensive than the car companies that lose the most value, such as Maserati at 66.4 percent and Buick at 60.1 percent on average.

Is buying a Lancer Evo a wise decision?

The Lancer Evolution had a sticker price of around $30,000 in 2003. Naturally, the cost rose as it developed through the ninth and tenth generations.

The Lancer Evolution was released in its final year with a “The phrase “Final Edition” refers to a particular, final-model trim. The MSRP of that specific model was $37,995.

There are several Lancer Evolutions for sale on the present market, however the majority of them are not stock. However, 2003 Lancer EVOs may be found for between $15,000 and $25,000, depending on their condition and whether they have been modified.

The same is true of the later versions, including the Final Edition “They are selling for anywhere between $15,000 and $31,000, depending on their mileage and location, and a modified proviso applies.

You can see that, even for those that are over ten years old, just about any Lancer Evolution is still worth more than 50% of its original value when you take into account its original MSRP.

Are Lancer Evos reliable vehicles?

The good news is that you’ll have a very capable vehicle for precision driving if you can get beyond all of the aforementioned disadvantages of pretty much any version of the Mitsubishi Lancer Evolution. No matter what anyone (including me) says, it’s difficult to argue with a car that has a turbocharged 2.0-liter engine under the hood that produces 291 horsepower and 300 lb-ft of torque.

All four wheels receive power from that engine through either a six-speed automatic or a five-speed manual transmission. The 2015 Lancer Evolution GSR tested by Edmunds was able to accelerate from 0 to 60 mph in under 4.4 seconds, which is competitive with many higher-end sports cars.

Additionally, the Evo’s all-wheel drive makes it ideal for winter driving, and some owners claim that with snow tires installed, it can be driven practically anyplace in the snow. In either case, the Lancer Evolution is a fantastic performance sedan that will go down in history.