Trade in value

  #1  
Old 03-11-2017, 02:06 PM
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Join Date: Feb 2014
Location: Albany, NY
Posts: 31
Default Trade in value

It's so sad to see how fast the newer Mitsubishi's depreciate. My 2016 Outlander SE has gone down in value so much that I am upside down on my loan.
It actually is down 40% from the MSRP in one year with only 6,200 miles on it. I wanted to trade up to a 2017 GT because they are now selling them fully loaded for $6,000.00 below MSRP. - That is only 4 grand more than my SE and includes air dam's, sunroof, tow pkg. and several other option packages.
I am happy with my current Outlander, and last year just wanted a inexpensive SUV. But seeing this latest sales discount would love to trade up, but can't take the hit on my resale value. So I will hang on to my SE. Hopefully, it will be as good to me as my 2004 Endeavor, that my daughter is now driving, has been.
 
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Last edited by steve518; 03-12-2017 at 01:50 PM.
  #2  
Old 01-16-2018, 07:37 AM
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Join Date: Jun 2017
Posts: 32
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mitsubishi's value always tend to go down fast the moment it leaves the new car lot unfortunately for almost all models in the north america region. this has lots to do with its popularity and ratings from critics. it is still a good suv and it is meant to last for a long time. i always get the model form the year that has passed or even used.
 
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