How does the Mitsubishi Outlander hold its value in Australia? Here's what different generations are worth and what affects the price.
**3rd generation (ZJ/ZK/ZL, 2013–2021):** The most transacted generation. PHEV models introduced in 2014 hold strong residuals:
4th generation (ZM, 2022+): Still depreciating through the initial curve but holding well due to limited supply of quality new cars.
The Outlander PHEV carries a $8,000–$12,000 premium over petrol equivalents, driven by:
The PHEV premium appears sustainable in the near term. Battery condition (reflected in all-electric range) is a key buyer concern — documentation of current battery performance helps significantly.
The main battery pack is expensive if it fails out of warranty — $8,000–$15,000. Mitsubishi offers an 8-year/160,000 km warranty on the PHEV battery in Australia.
The petrol Outlander typically depreciates slightly faster than an equivalent RAV4 (5–8% more over 5 years). The PHEV Outlander is much more competitive with the RAV4 hybrid.
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