KBB trade-in value for a 2004 Mitsubishi Lancer Ralliart 5-speed manual, 9800 miles, sun and sound package in excellent condition is $11,875..........

I bought my car brand new in 2004 and paid around $20,000 total.

How does a car drop its value almost $10,000 in two years???

 

You paid 21k? OMG... I paid 13.5k (brand new 04)

 

How did you get it that cheap?

MSRP wasnt even that low...

 

I got mine for $15k otd.

There were a lot of rebates and discounts. When I walked in, the salesman wanted to sell it for $19.5k. He wasn't very happy when I only paid $15k.

 

Brand new, $13 500 USD(not UK lbs)?...I'm gonna have to call bs on that one. Unless of course there was some "under the table" negociations....

 

I took the 0% financing over rebates etc.

 

i was up in the 21K range on my 04 also....WTF??!?!?

 

i got my 04 brand new for 15,500

 

i got my 05 for 19 with 0% financing and 0 down.

KBB for my car is 16,105 with 20,000 miles on it.

year and a half dropped it 3,000. not too bad in my opinion

 

I got my 06 for around 16.5 after trade-in's discounts and junk, then taxes killed that nice price to make it like 19 - 20

 

Very common for cars in this segment, except for the Civic. Also you are comparing retail to trade in. When you bought you paid the value of the car + the dealer's profit + tax, title, and fees. You got minus all that other isht out.

 

Discount/Rebates
No need to call BS, it's the truth. I got my car from the same dealership as Tuffguy. As much as I love my ralliart, I would not pay 20k+ for it. I wouldn't go any more than 16k OTD.

 

I dont know the exact MSRP for the 2004 models, but a 2006 Mitsubishi Lancer Ralliart 5-speed manual with the sun and sound package is $20,249. So i think i paid a little over $20,000...

 

I bought my 04' in Feb of 04 and I paid slightly over 20,000. I don't see how you are getting it for 13.5. Unless you got it in the summer of 04 when they are doing anything possible to get them off their lot to make room for the 05's. If I paid 13.5 I'd only have like 5 grand left on it. I'd go ahead and pay it off if that was all I had left.

 

I paid about 16.5otd and this was last summer