Valuation & Pricing 4 min read

Mitsubishi Outlander Resale Value in Australia

How does the Mitsubishi Outlander hold its value in Australia? Here's what different generations are worth and what affects the price.

Outlander residual value by generation

**3rd generation (ZJ/ZK/ZL, 2013–2021):** The most transacted generation. PHEV models introduced in 2014 hold strong residuals:

  • 2018–2021 PHEV in good condition: $28,000–$38,000
  • 2018–2021 petrol in good condition: $18,000–$26,000

4th generation (ZM, 2022+): Still depreciating through the initial curve but holding well due to limited supply of quality new cars.

The PHEV premium and what drives it

The Outlander PHEV carries a $8,000–$12,000 premium over petrol equivalents, driven by:

  • High demand from ACT government buyers (EV incentives)
  • Fleet purchasers seeking PHEV FBT exemptions
  • Consumer preference for electrified vehicles

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.

Frequently asked questions

Is the Outlander PHEV battery expensive to replace?

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.

Does the Outlander hold value as well as RAV4?

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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