2017 Mitsubishi i-MiEV Prices: MSRP vs Dealer Invoice vs True Dealer Cost
MSRP Invoice Price Destination Fee Holdback Dealer Cost
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There are many superlatives that could be used to describe the Mitsubishi i-MiEV. It represents the oldest electric car in the world, because it has been produced since 2009. It is also advertised as the lowest-priced electric car which should appeal to many folks. The acronym MiEV stands for "Mitsubishi innovative Electric Vehicle." If you need a vehicle that is very inexpensive to run and can park in the smallest of spaces, then the i-MiEV just might be for you.
What's New For ?
The Mitsubishi i-MiEV skipped 2 model years, namely 2013 and 2015. The model is unchanged from last year. The 2016 model is equipped with a navigation package that is optional. This navigation package comes with a 7.0 inch touch screen with real time traffic data. It bundles a USB port, Bluetooth, a rearview camera, and audio controls located on the steering wheel. With no 2015 model to examine, we find that the 2014 i-MiEV come with new standard features including heated passenger and driver's seats, heated side mirrors, foglights, rear speakers, aluminum-alloy wheels, and a steering wheel that is leather-covered.
The Mitsubishi i-MiEV is a small, mid-motor, all-electric rear-wheel-drive auto that comes as a 5-door hatchback that seats 4 passengers. It is the electric variant of the Mitsubishi i, a Japanese Kei car. The i-MiEV is also classified as a Kei car.
The Mitsubishi i-MiEV comes in one trim level, the ES. Standard equipment consists of automatic headlights, a sound system that has 6-speakers with an audio jack, a CD player, rear seats that are 50/50 split-folding that also recline, 15 inch alloy wheels, air conditioning, and full power accessories. There's also a Level 3 type quick-charging port plus a remote setup that can activate the climate control system along with the charging timer. The optional navigation pack adds audio connectivity which is called the Fuse hands-free link system, Blue LED interior lights, rear parking sensors, and a cargo net are also available.
Driving Experience/Driving Impressions
The Mitsubishi i-MiEV uses a 49-kW permanent-magnet electric motor for its power of up to 66 hp with torque of 145 lb-ft. It makes use of a 16-kWh lithium-ion battery and a 1-speed direct drive transmission. Test drivers report that the vehicle accelerates from 0 to 60 mph in 13 to 14.7 seconds with a top speed of 80 mph. Remember that this is a very small economy vehicle so no one can expect high performance results. It is perfect for short commutes into town or to work. The brakes are described as firm and the ride as smooth.
Fuel Economy / MPG
The EPA estimates a range of 62 miles with an estimated energy consumption rating of 30 kWh for every 100 miles of travel. Due to the 3.3kW onboard charger, it may take a long amount of time to charge fully. Using a household outlet of 120-volts it may take between 14 and 22 hours to fully charge. Using a Level 2 or 240-volt charging station, it may take 7 to 8 hours to recharge. According to the manufacturer, a Level 3 charger can restore the vehicle to 80 percent of a full charge in only 30 minutes.
Formula for Calculating Dealer Cost:
- Example: Base Mitsubishi i-MiEV 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 i-MiEV MSRP, invoice and dealer cost dollar figures 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.