Depreciation
The depreciation graph and accompanying table on our page detail how the 2006 MITSUBISHI GALANT's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2006 MITSUBISHI GALANT in 2006 was $7,000.
The average price for used 2006 MITSUBISHI GALANT nowadays in 2024 is $4,993 which is 71% from the original price.
Estimated mileage driven per year is 12,240 miles.
The graph below is a depreciation curve for 2006 MITSUBISHI GALANT. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2006 MITSUBISHI GALANT in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2006 MSRP | 0 mi | $7,000 | — | — | 100% | 0% |
| 2018 | 159,120 mi | $5,495 | +$0 | +0% | 78.5% | 21.5% |
| 2019 | 171,360 mi | $5,347 | +$148 | +2.69% | 76.39% | 23.61% |
| 2020 | 183,600 mi | $6,296 | −$949 | −17.75% | 89.94% | 10.06% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the MITSUBISHI GALANT’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2006 MITSUBISHI GALANT. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2006 MITSUBISHI GALANT by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 95,000 mi | $4,999 | 15 sales |
| 100,000 mi | $4,390 | 18 sales |
| 105,000 mi | $4,994 | 12 sales |
| 110,000 mi | $3,999 | 23 sales |
| 115,000 mi | $3,799 | 15 sales |
| 120,000 mi | $3,800 | 32 sales |
| 125,000 mi | $4,490 | 21 sales |
| 130,000 mi | $2,900 | 22 sales |
| 135,000 mi | $3,700 | 63 sales |
| 140,000 mi | $4,000 | 26 sales |
| 145,000 mi | $2,992 | 22 sales |
| 150,000 mi | $3,995 | 25 sales |
| 155,000 mi | $3,991 | 12 sales |
| 160,000 mi | $3,421 | 29 sales |
| 165,000 mi | $3,203 | 19 sales |
| 170,000 mi | $2,991 | 19 sales |
| 180,000 mi | $2,995 | 18 sales |
| 185,000 mi | $3,990 | 11 sales |
| 190,000 mi | $2,998 | 12 sales |
| 195,000 mi | $2,675 | 12 sales |
| 200,000 mi | $2,250 | 12 sales |
| 205,000 mi | $2,991 | 14 sales |
| 210,000 mi | $2,995 | 11 sales |
Frequently asked questions
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Other years of MITSUBISHI GALANT
1998 MITSUBISHI GALANT
40+ sales records
2005 MITSUBISHI GALANT
$4,995 average used price
670+ sales records
2008 MITSUBISHI GALANT
$2,999 average used price
500+ sales records
2010 MITSUBISHI GALANT
$6,296 average used price
1,010+ sales records
2011 MITSUBISHI GALANT
$5,347 average used price
1,500+ sales records
2012 MITSUBISHI GALANT
$5,495 average used price
2,100+ sales records
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