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2014 Mitsubishi Lancer KBB Expert Review

The Fair Market Range for this car in your area is $19,419 - $20,114.

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What Others Paid
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MSRP $21,255

Fair Purchase Price $19,767
Fair Market Range ($19,419 - $20,114)

Invoice $20,392
"What Others Paid" is based on the last 90 days within the U.S.

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KBB Expert Rating 5.6 / 10
This Car - 2014 Mitsubishi Lancer
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Consumer Rating 8.7 / 10

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KBB Expert Review

Vehicle Details Interior  Dashboard, center console, gear shifter view photo

The 2014 Mitsubishi Lancer's sharp and modern exterior styling does not extend into its cabin. Here, the Lancer is showing its age, and bland, cheap plastic doesn't help. The lack of a telescoping steering wheel on all models makes it harder to find a perfect fit. Evo editions have well-bolstered, low-sitting Recaro seats up front, but without height adjustment, shorter drivers will struggle to see over the dash. A leather-wrapped steering wheel and shift knob make GT and Ralliart trims more appealing. The most versatile Lancer of the bunch is the Sportback, which delivers 52.7 cubic feet of cargo space with the rear seats folded.

Exterior   photo

The Lancer stands out from other compact sedans with its angular, sporty design, and aggressive snout and forward stance. A rear spoiler and 18-inch aluminum-alloy wheels add to the athletic character of GT and Ralliart models. Lancer Evolution models take the aggressiveness to another level with flared and vented fenders, two big exhaust outlets, and a massive rear spoiler on GSR trims. The Evo is slightly lower and shorter, but with an extended wheelbase and width for better handling. Perhaps the most stylish Lancer is also the most functional: the Sportback wagon with its sloping rear hatch.

Notable Standard Equipment

Even the least-expensive Lancer offers decent features for its price of just under $18,000. Included are keyless entry and auto-off headlights. The SE costs a few thousand more but includes an automatic transmission, a stronger engine, all-wheel drive, 6.1-inch touch-screen audio, and heated front seats. Ralliart models feature an excellent turbocharged engine and a more sophisticated version of Mitsubishi's all-wheel-drive system, while Evo models are performance-minded with 291 horsepower, Brembo brakes and customizable all-wheel-drive. Lancers come with a 5-year/60,000-mile transferable warranty and 10-year/100,000-mile powertrain warranty, except for Ralliart and Evo editions, which trim those to 3-year/36,000 miles and 5-year/60,000 miles.

Notable Optional Equipment

Many of the extras available for the Lancer are wrapped into packages that vary by trim. Base models can be spruced up with a hands-free communication system, 6-speaker audio system, and rear disc brakes in favor of the older drum type. Higher trims can be outfitted with a power sunroof, Rockford-Fosgate premium sound with a 10-inch trunk-mounted subwoofer, navigation, HID (high-intensity discharge) headlights, and leather seating.

Under the Hood

A bevy of 4-cylinder engines and transmission choices are available across the 2014 Mitsubishi Lancer lineup. ES models are the least potent, with a 2.0-liter engine that makes 148 horsepower, still adequate for most duties. SE and GT models are endowed with a larger engine and 168 horsepower. Ralliart models boast a turbocharged engine that makes 237 horsepower, enough to make this car very quick, while shrieking-fast Evos are tuned to churn out 291 horsepower. The twin-clutch automatic transmission of those latter two models feels superb, but the continuously-variable automatic transmission available in other models is surprisingly refined. If you opt for the performance-oriented Ralliart or Evo models, be ready to pay extra at the pump for premium gasoline to satisfy their thirsty turbo engines.

2.0-liter inline-4
148 horsepower @ 6,000 rpm
145 lb-ft of torque @ 4,200 rpm
EPA city/highway fuel economy: 25/34 mpg (manual), 26/34 mpg (automatic), 24/32 mpg (Sportback)

2.4-liter inline-4
168 horsepower @ 6,000 rpm
167 lb-ft of torque @ 4,100 rpm
EPA city/highway fuel economy: 22/31 mpg (manual), 23/30 mpg (automatic), 22/29 mpg (Sportback and SE sedan)

2.0-liter turbocharged inline-4
237 horsepower @ 6,000 rpm
253 lb-ft of torque @ 2,500-4,750 rpm
EPA city/highway fuel economy: 18/25 mpg (automatic)

2.0-liter turbocharged inline-4
291 horsepower @ 6,500 rpm
300 lb-ft of torque @ 4,000 rpm
EPA city/highway fuel economy: 17/23 mpg (manual), 17/22 mpg (automatic)

Pricing Notes

The 2014 Mitsubishi Lancer has a Manufacturer's Suggested Retail Price (MSRP) starting at $17,990 for an ES model with a 5-speed manual transmission. GT and SE models are a few thousand more but offer many extras for the money. Stepping up to the Ralliart turbocharged model requires just over $29,000, while the Evolution will set you back nearly $36,000 and can reach over $40,000 with options. At these prices, the Lancer competes with everything from the less expensive Kia Forte on the low end to an Audi A4 luxury sedan on the Evolution end of the spectrum. Before buying, be sure to check the Fair Purchase Price to see what others in your area are paying. Resale value is expected to be in line with compact sedan rivals like the Nissan Sentra and Kia Forte, but below that of segment leaders like the Honda Civic and Subaru Impreza.


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