The Value of These Cars Is Dropping Faster Than Snow in Winter

The Mitsubishi Lancer Lives On---Used

New isn't an option anymore when it comes to the Mitsubishi Lancer. Production ended worldwide in 2017 (except in a few markets like Taiwan and China), as the company shifted focus to crossovers and SUVs. That means if you want one, you'll have to shop used.

And maybe that's a blessing in disguise. With a 35% depreciation rate and high maintenance costs, the Lancer wasn't exactly a financial darling. Compared to something like a Mini Cooper, it's cheaper upfront but ends up costing more in the long run.