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2006 Mitsubishi Lancer
Invoice: $13,908 - $18,100
Miles Per Gallon
City: 23 MPG - 28 MPG
Highway: 29 MPG - 35 MPG
Body Style: Sedan
Engines: 2.0L I-4 120 HP, 2.4L I-4 162 HP
The Mitsubishi Lancer represents a broad range of compact four-door sedans, with models that are both affordable and sporty at the same time.
The Lancer ES is the most popular model due to its competitive pricing and generous amount of standard equipment. It comes standard with a 120 hp 2.0-liter four-cylinder engine with a five-speed manual gearbox, but a four-speed automatic is available. The O-Z Rally wears sporty body work inspired by the Lancer WRC race cars, including bumper extensions front and rear, and side skirts. White-faced gauges and a cockpit trimmed in black with plastic panels that resemble brushed aluminum give the interior a racy look. A 120 hp 2.0-liter four-cylinder engine with a five-speed manual is standard, a four-speed automatic is optional. The Ralliart sedan is powered by a 162 hp 2.4-liter four-cylinder engine with MIVEC variable valve timing. It comes standard with a five-speed manual with a short-throw shifter identical to the one used in the Lancer Evolution. However, it can also can be equipped with a four-speed automatic. The Ralliart setup includes four-wheel disc brakes with ABS and EBD, a sport-tuned suspension with stiffer shocks to reduce body roll in corners, a more responsive steering gear, freer-flowing exhaust and 16-inch alloy wheels with all-season performance tires.
For 2006, the Mitsubishi Lancer gets minimal interior and exterior enhancements.
Purchasing an older vehicle, such as the 2006 Mitsubishi Lancer, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2006 Mitsubishi Lancer for less money than when it was new. If the 2006 Mitsubishi Lancer was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2006 Mitsubishi Lancer is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2006 Mitsubishi Lancer will have a good-fair resale value. This assumes that the 2006 Mitsubishi Lancer is in good condition and has a reasonable number of miles.
Find a used 2006 Mitsubishi Lancer for sale at CarsDirect.
