Resale value of the Lancer.

[milobob]

Hello all,

I was helping a friend do some research for a new car. In my research I usually look up resale values of the (1st and 3rd years) to find if I have a good deal and good resale respectively.


I thought you all might be happy to know the following (3yr resale):

Mitsubishi Lancer (ES): 67-76%

Toyota Corolla (Ascent): 67-77%

Mazda 3 (Neo): 69-78%

Volkswagen Golf (90TSI/Trendline): 63-71%

Source: Redbook.


So all in all, our lancers are fairing very well (well, base model wise). I remember last time when I was looking at resale values (CH models, 3 years ago) the resale for a Lancer was around 50-50% after 3 years! What a massive improvement

[aspir3]

That is good to know but I will not be selling my car soon.

I kept my last car for 17 years. I bought that brand new as well.

I felt it was time to upgrade to a safer 5 star crash rating car.

I will probably give my car to my oldest daughter when she is 16. She is only 4 1/2 now.

[The X]

I guess it's all subjective and guessing based on resale value averages. There are a lot of ES out there that are ex-rental and fleet vehicles. We know generally how much they get thrashed.
Our cars might fare a bit better, being that they are well looked after, so the resale value retention rate might be more....

[PYLee]

any idea on trade-in values on a 2009 Aspire with 9,000km ?

[SIR-VRX]

I just looked up resale for 2007 build MY08 VRX Manuals...

Wishing I didn't now....

[JaCe]

I heard stories of someone who traded in a 1yr old used Lancer (less than 1 yr) and then paid another $500 for a brand new MY09.

[PYLee]

wow really ! good news for me

/pat @ adrian , it's tough

[aspir3]

Adrian where did you look?

[SIR-VRX]

Mine is on the far left, my ODO is ~62,000km



From Redbook.com.au

[Blakey]

in a year or so ill buy a new car. new cars just seem better then an old one.

[The X]

I just looked up resale for 2007 build MY08 VRX Manuals...

Wishing I didn't now....

LOL, that looks like John Howard....

If i'm to believe redbook - I can buy a new one with minimal loss. got it for 31500 with all my options and only done 8000kms.

* Private Price Guide $27,800 - $30,600
* Trade In Price Guide $24,000 - $26,800
* Average Km 15,000 - 25,000
Price Guide $33,490* Price Guide

[spunkybob]

yeah... lancers are cheap now.

ES going for 15k
VR's going for 17k
VRX going for 20k... 20K FOR A VRX!!!!!!

There is no reason to buy a new 1 when you can get a second hand 1 with 40k on the clock for so cheap (yes 40k is nothing, cars can do 500+)

Funnily enough, the manuals seem to be going for more.

[The X]

VRX going for 20k... 20K FOR A VRX!!!!!!

Funnily enough, the manuals seem to be going for more.

The VRX are probably the old 2.0L not the 2.4s/

As for M/T going for more, probably supply and demand. A lot of fleet vehicles are auto and they tend to cycle thru them every 2-3 years (espeacially once the novated leases are up, etc) and dare say a lot of other fleet schemes get these older cars off their books before the value drops too much and buy something new.

[spunkybob]

Or not


08 manual 2.4L VRX for 21800

[LZY_EYE]

Wonder what a may 08 build ES with almost 100,000kms is worth... and no I don't wanna know