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2004 Mitsubishi Lancer

2004 Mitsubishi Lancer

Sedan
FWD
Regular Gasoline
Horsepower
–
MPG Combined
27 mpg
MSRP
–
Torque
–
Reliability Score
99/ 100Excellent
Based on 96 NHTSA complaints

Should You Buy a 2004 Mitsubishi Lancer?

The 2004 Mitsubishi Lancer is a compact sedan that offers a blend of practicality and efficiency, making it an appealing choice for budget-conscious buyers. With a 2.0L I4 engine producing 120 hp and 130 lb-ft of torque, it delivers adequate performance for daily commuting while achieving a combined fuel economy of 24 MPG. The MSRP of $15,997 positions it as an affordable option in the used car market. However, potential buyers should be aware of the vehicle's history, as it has received 96 complaints to the NHTSA, including 8 crash incidents and 5 fire incidents, though it boasts a high reliability score of 98.6/100, indicating a generally dependable vehicle overall.

Ideal For

This vehicle is best suited for budget-conscious individuals or small families seeking a reliable and economical daily commuter.

Strengths

  • +Affordable price point for a compact sedan
  • +High reliability score of 98.6/100
  • +Good fuel efficiency with 24 MPG combined
  • +Spacious seating for up to 5 passengers
  • +Front-wheel drive offers stable handling in various conditions

Weaknesses

  • -Reported issues with airbags and visibility systems
  • -Limited horsepower may not satisfy performance enthusiasts
  • -Older model may lack modern safety features
  • -4-speed automatic transmission can feel outdated
  • -Resale value may be lower due to age and complaints

Known Issues (NHTSA Data)

The 2004 Mitsubishi Lancer has a notable number of complaints, particularly concerning airbag issues and visibility systems, with 19 and 10 complaints respectively. While there are no fatalities reported, the presence of injuries and crash incidents suggests that buyers should conduct thorough inspections and consider the vehicle's maintenance history. Overall, while there are some concerns, no significant NHTSA complaints on record overshadow the vehicle's reliability score.

Top Complaint Areas
AIR BAGS20% of complaints
VISIBILITY:DEFROSTER/DEFOGGER/HVAC SYSTEM10% of complaints
VISIBILITY7% of complaints
ELECTRICAL SYSTEM6% of complaints
VEHICLE SPEED CONTROL5% of complaints

Performance

Horsepower
–
Torque
–
Engine
2 L
Cylinders
I4
Transmission
Manual 5-spd
Drive Type
FWD

Efficiency

MPG Combined
27
Fuel Type
Regular Gasoline

Dimensions

Length
180.7 in
Width
66.9 in
Height
53.9 in
Wheelbase
102.4 in
Curb Weight
2,657 lbs
Ground Clearance
–

Capacity

Doors
4
Seating
–
Cargo
–
Max Cargo
–
Max Towing
–
Max Payload
–

ddpc Estimated Value

$3,722
$3,164 – $4,281
Depreciation Over Time
New
5yr
10yr
15yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$3,768
Per Mile
$0.31
5-Year Total
$31,115
Fuel
$1,750/yr
Maintenance
$600/yr
Insurance
$1,418/yr
Depreciation
$2,455/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (5)

Lancer
SOHC
FWD
Lancer
SOHC
FWD
Lancer
SOHC
FWD
Lancer
SOHC
FWD
Lancer Sportback
SOHC
FWD

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