2016, 2017 Mitsubishi Lancer Prices: MSRP vs Dealer Invoice vs True Dealer Cost
MSRP Invoice Price Destination Fee Holdback Dealer Cost
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Overall, the 2017 Mitsubishi Lancer has received below average reviews from consumers and car critics. While the Mitsubishi Lancer has not had great reviews for the past few years, there are still many loyal buyers of the car that will continue to purchase the new model year.
One of the largest selling points of the Mitsubishi Lancer is the low cost. The 2017 Mitsubishi Lancer has three different trims, which includes the ES, the SE, and the SEL. The base trim level, the SE, comes with a small engine and front-wheel drive. While this trim does not have a lot of power, the car can be purchased new at the base package for a price under $17,000, which is comparable to other cars in its class.
Those that are looking for either all-wheel drive, or a little bit more power, should consider upgrading to the ES or SEL trims. These trims have four-cylinder engines, which can produce close to 200 horsepower. The price point for these trims is still affordable as they start at just over $20,000.
Beyond the low base price, another selling point of the Mitsubishi Lancer is the strong fuel efficiency. Similar to other compact cars with smaller engines, the Mitsubishi Lancer is able to provide excellent fuel efficiency that approaches 40 miles per gallon when driving on the highway. Even the higher trim levels, which come with more powerful engine, have fuel efficiency in excess of 30mpg.
Overall, the safety measures and rating for the Mitsubishi Lancer are pretty favorable compared to other cars in its class. While most compact cars do not get good ratings, many of the rating agencies have stated that the Mitsubishi Lancer has good safety features and ratings. Some of the top safety features in the 2017 model year include the eight airbags around the car, all-wheel drive upgrades, brake assist and vehicle stability control, and night vision. The higher trim levels and tech packages have even more features for drivers to enjoy.
While the base trim of the Mitsubishi Lancer does not come with many tech or style features, there are several upgrades that people can choose from. The Mitsubishi manufacturer has a full technology package that includes a higher sound system, a navigation system, rear view mirror, and other features to make the car easier and more comfortable to drive.
Formula for Calculating Dealer Cost:
- Example: Base Mitsubishi Lancer invoice price + the dealer Invoice price of options + destination - Holdback = Total Dealer Cost.
- What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.
Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here.)
Note: All Mitsubishi Lancer Prices above are approximate amounts. Prices are subject to change without notice.
A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.