Mitsubishi Lancer Valuation: 110 used car listings analysed

Market overviewFebruary Market Guide: A used Mitsubishi Lancer in the UK typically costs between £2,500 and £56,000. The most sought-after versions of the Mitsubishi Lancer are Edition, Elegance. Regarding durability, we see high-mileage examples reaching up to 103,631 miles. Currently, 6 Mitsubishi Lancer listings are priced below the UK market average (based on 42 websites)

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How much does the Mitsubishi Lancer depreciate?

Used Mitsubishi Lancer

A used Mitsubishi Lancer (2008) model loses about £103 per month in value.


Factors that affect the depreciation of a Mitsubishi Lancer:
- Mileage driven
- Maintenance
- Service history


Depreciation is an important part of calculating the total cost of owning a Mitsubishi Lancer. In addition to the monthly depreciation of £103, you should also factor in fuel costs, road tax, insurance and maintenance (including tyres and car washes) to get the full monthly cost.

How much does a used Mitsubishi Lancer cost? Prices, ratings and depreciation by model year

How much does a used Mitsubishi Lancer cost? Prices, ratings and depreciation by model year

Model year

Price range*

Avg. Price

Median Mileage

Depreciation
(12 mth.)

Cars for sale

2007 Mitsubishi Lancer

£2,795 - £79,990£17,69957,800 miles-< 10

2011 Mitsubishi Lancer

£3,995 - £29,995£15,99669,200 miles+£6,780< 10

2006 Mitsubishi Lancer

£2,500 - £49,995£12,71655,400 miles+£2,66014

2009 Mitsubishi Lancer

£3,995 - £21,950£8,81160,000 miles-10

2010 Mitsubishi Lancer

£3,495 - £17,850£6,71257,000 miles-£32017

2008 Mitsubishi Lancer

£1,190 - £39,990£6,57450,700 miles-£1,24018

*The 'Price range' column shows the prices at the 5th and 95th percentiles of cars in the current market

The data is based on the cars currently listed on AutoUncle

Last updated: 18 February 2026

Comparison of Mitsubishi Lancer variants and prices

No market data available

Mitsubishi Lancer (model year 2008) - Price development for the last 12 months and price projection for the next 6 months (February 2025 - July 2026)

Monthly price data with average prices and price ranges

Month

Average market price

Lowest market price

Highest market price

Calculation method

2025 - February
£5,940
£360£11,520
Estimate
2025 - March
£5,540
£1,100£9,960
Estimate
2025 - April
£4,340
£3,300£5,360
Estimate
2025 - May
£4,380
£3,320£5,440
Estimate
2025 - June
£4,500
£3,520£5,500
Estimate
2025 - July
£4,500
£3,520£5,500
Estimate
2025 - August
£4,400
£3,360£5,440
Estimate
2025 - September
£4,160
£3,020£5,320
Estimate
2025 - October
£4,560
£3,500£5,620
Estimate
2025 - November
£4,480
£3,360£5,600
Estimate
2025 - December
£4,580
£1,900£7,280
Estimate
2026 - January
£4,700
£1,800£7,600
Estimate
2026 - March
£4,820
--
Forecast
2026 - April
£4,880
--
Forecast
2026 - May
£4,940
--
Forecast
2026 - June
£5,000
--
Forecast
2026 - July
£5,060
--
Forecast

All estimates and forecasts are based on actual market data

Last updated: 18 February 2026

Average Monthly Depreciation

A summary of the past 12 and an estimation of the next 6 months.

Past 12 months

-£1,240

Next 6 months

£360

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Price checked by AutoUncle

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Good price

Fair price

A bit pricey

Expensive

Are you looking for a used Mitsubishi Lancer?

Are you interested in buying a pre-owned medium sized family car? Then the Mitsubishi Lancer is a great choice. At AutoUncle, we have assembled a collection of 107 used Mitsubishi Lancer cars compiled from various dealership websites and online marketplaces.

What is the price of a used Mitsubishi Lancer?

A used Mitsubishi Lancer costs between £2,650 for the cheapest variant and £49,995 for the most expensive model.

The used car price of an Mitsubishi Lancer is determined by a number of factors, the most important of which are year, engine capacity and performance, fuel economy, mileage not to mention trim level.

For instance, a car that is newer and has fewer miles on the clock will typically command a higher price. In the same vein, models at the higher end, replete with luxurious features or more robust engines, generally come with a more substantial price tag than a car from an older model year, with higher mileage and no optional extras.

Which equipment options does Mitsubishi Lancer have?

The Mitsubishi Lancer comes in two unique equipment variants:

  • Mitsubishi Lancer Edition: Right now you will find 3 cars for sale at an average price of £56,147)
  • Mitsubishi Lancer Elegance: 1 car for sale at an average price of £4,995

While calculating the cost of a used Mitsubishi Lancer, it's key to evaluate vehicles with equivalent engines and accessories. If not, you might draw an inaccurate conclusion about which car to purchase.

Which fuel types does the Mitsubishi Lancer come with?

Petrol ranks as the top fuel type for the Mitsubishi Lancer.

Price difference between the most popular fuel options for Mitsubishi Lancer:

It's essential to take into account your driving habits when determining the right fuel type. How far do you tend to drive in a week? Are they mainly short trips, or do you often find yourself driving longer distances?

If you drive mostly short distances, range is not crucial - so electric, plug-in or petrol are obvious choices. For daily long journeys, electric cars make the most sense if you can charge easily. If you have a daily commute over longer distances, a modern electric car can be a great choice - especially if you have access to charging at home or at work. For very long daily driving without charging options, a diesel car can still be relevant. Be aware that in a number of countries, cities have implemented bans on diesel engines with high emissions.

What kind of car is the Mitsubishi Lancer?

Sedan is a favourite among drivers of the Mitsubishi Lancer. Their four-door design means that saloons and sedans have long been popular with families. The distinct boot compartment ensures that luggage and other items are securely stored, away from the passenger cabin.

How does the price vary depending on the Mitsubishi Lancer body type?

  • Mitsubishi Lancer sedan: 81 cars - average price £18,792
  • Mitsubishi Lancer hatchback: 16 cars - average price £5,365
  • Mitsubishi Lancer stationcar](https://www.autouncle.co.uk/en-gb/used-cars/Mitsubishi/Lancer/b-estate): 5 cars - average price £8,566
  • Mitsubishi Lancer suv: 1 car - average price £2,995

Are there alternatives to Mitsubishi Lancer?

The Mitsubishi Lancer faces stiff competition within its segment.

Well-liked options instead of the Mitsubishi Lancer

  • Vauxhall Corsa
  • Ford Focus
  • Audi A3

The Vauxhall Corsa is a great alternative to the Mitsubishi Lancer. At present, there are a total of 9,613 Vauxhall Corsa vehicles available for sale in the UK, featuring an average sales price of £9,999.

The Ford Focus is a strong option in this segment, with 7,767 cars currently for sale on AutoUncle and an average price of £9,596. Ranked third, the Audi A3 is also a good alternative to the Mitsubishi Lancer, and you'll find 5,179 used Audi A3 cars for an average price of £17,700 on AutoUncle.

Reflecting on the move to an electrically powered car?

Considering something greener than the Mitsubishi Lancer? Check out these electric alternatives from the same segment::

Haven't discovered an electric car that suits your preferences? Review our entire selection of electric cars here.

All body types for Mitsubishi Lancer

All fuel types for Mitsubishi Lancer

All gear types for Mitsubishi Lancer