The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors, but here's a general idea of what buyers are currently paying for used 2003 Mitsubishi Lancer models when purchasing from a dealership.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
|---|---|---|---|---|
$15,387 | $2,225 | |||
$16,617 | $2,425 | |||
$17,117 | $2,825 | |||
$29,582 | TBD |
For reference, the 2003 Mitsubishi Lancer originally had a starting sticker price of $15,387, with the range-topping Lancer Evolution Sedan 4D starting at $29,582.
Owners give this generation Mitsubishi Lancer (2002-2007) a 4.6 out of 5 rating, which is higher than most, and 94% recommend it. These figures are based on 614 consumer reviews, like these:
What Owners are Saying About the 2003 Mitsubishi Lancer
"Reliable"
"I have had the 2002 ES model for over 4 years now. The car has had no major problems. I try not to push the car too hard in hopes of extending its life as much as possible. So far, so good. Gas mileage 28 to 32 mpg. Roomier than one would expect. I am well over 6' and have plenty of room. Decent sound system. Perhaps too much on the bass side, but its cool if you like that. Respectable get up and go, but some may prefer a bit more power. Changing the oil is not a hassle or over expensive. Small tires do not last long. I feel it is worth getting a better, more expensive tire that will last longer. It can be loud driving down the highway, especially on a highway that is not very smooth. Overall, I have gotten my money's worth out of this car and hope to use it for more years to come."
"294,000 miles and it never failed me. Ever!"
"I am a big complainer and hard to please. Manual shifting, which is the best. Who could imagine, still the origional transmission and engine, suspension et al. I installed one new battery, catalytic converter and set of brakes, two serpentine and timing belts. The rest is regular maintenance: oil changes, air filter, and it runs like a dream. Nothing else ever went wrong on this little gem. Which means it's all right. Literally, it is ALL RIGHT! Holds the road beautifully, excellent in snow because low center of balance. It has passsed jeep that slid off the road in icy snowy conditions. I drive hard and fast - often 80 mph on NM roads and still got 37 -41 mpg over all until this year. Since the new catalytic converter was installed 6/2011, it is getting 33 - 36 mpg combined. This little car is a dream come true for someone who needs dependability, economy, and responsiveness. Styling is sweet. Still crazy good and beautiful (styling is timeless) after all these years."
"Perfect first car, runs great!"
"I bought this as my first car at 17 in 2022. It has never failed me. Gets me everywhere I need to go without trouble, rides smooth, and surprisingly has an excellent sound system. I even had passengers ask me where I got my speakers from and I said it was stock. Runs great both on surface streets and on the highway, and even at 21 years old this car runs better than some of the newer cars in my family. I absolutely love this car and I am looking to keep it for as long as it runs and maybe even invest some money into it! Love this car!"
Overall 2003 Mitsubishi Lancer Quality
User sentiment suggests the overall quality of the 2003 Mitsubishi Lancer is above average for its class. Owners rated the 2003 Mitsubishi Lancer quality a 4.6 out of 5.
2003 Mitsubishi Lancer Reliability
The 2003 Mitsubishi Lancer receives an average consumer rating of 4.6 overall and a 4.8 for reliability, which means owners consider its reliability to be above average.
Favorite 2003 Lancer Features
According to drivers of the 2003 Lancer, here are some of its best features:
2003 Lancer Evolution Sedan 4D - city 16 MPG - hwy 23 MPG
2003 Lancer ES Sedan 4D - city 21 MPG - hwy 28 MPG
2003 Lancer LS Sedan 4D - city 21 MPG - hwy 28 MPG
2003 Lancer O-Z Rally Edition Sedan 4D - city 21 MPG - hwy 28 MPG
NHTSA Safety Rating
According to the National Highway Traffic Safety Administration (NHTSA), the 2003 Mitsubishi Lancer front-side driver crash test rating is 4 out of 5 stars. The front-side passenger crash test rating is 4 out of 5.
2003 Mitsubishi Lancer Safety Features
Style | Trade-In Value | Private Party Value | Fair Purchase Price | ||
|---|---|---|---|---|---|
$975 | $1,925 | $2,225 | |||
$1,150 | $2,100 | $2,425 | |||
$1,425 | $2,475 | $2,825 | |||
- | - | - |
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
|---|---|---|---|---|---|
2023 | $173 | $1,731 | $641 | ||
2024 | $52 | $1,679 | $567 | ||
2025 | $15 | $1,664 | $552 | ||
Now | + $261 | $1,925 | $975 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
Already Own This Car?
Curb Weight | 2646 lbs. | ||
|---|---|---|---|
EPA Passenger | 93.9 cu.ft. | ||
EPA Total Interior | 105.2 cu.ft. | ||
Fuel Capacity | 13.2 gallons | ||
Front Head Room | 38.8 inches | ||
Front Leg Room | 43.2 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 4.9 inches | ||
Overall Length | 177.6 inches | ||
Front Shoulder Room | 54.1 inches | ||
Trunk or Cargo Capacity | 11.3 cu.ft. | ||
Turning Diameter | 32.8 feet | ||
Wheel Base | 102.4 inches | ||
Gross Vehicle Weight Rating (GVWR) | 3638 lbs. | ||
Width with mirrors | 66.8 inches |
Alloy Wheels | Available | ||
|---|---|---|---|
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
Rear Spoiler | Available |
City | 21 mpg | ||
|---|---|---|---|
Highway | 28 mpg | ||
Combined | 24 mpg |
Drivetrain | FWD | ||
|---|---|---|---|
Transmission Type | Automatic |
Horsepower | 120 @ 5500 RPM | ||
|---|---|---|---|
Torque | 130 @ 4250 rpm | ||
Engine | 4-Cyl, 2.0 Liter |
Basic | 3 years / 36000 miles | ||
|---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 7 years / 100000 miles |
![]() Used 2003 Mitsubishi Lancer | ![]() Used 2005 Chevrolet Classic | ![]() Used 2007 Audi A6 | ![]() Used 2006 Nissan Maxima | ||
|---|---|---|---|---|---|
| Price | $2,225 | $2,375 | $2,125 | $1,950 | |
| Consumer Rating | 4.6 | 3.7 | 4.6 | 4.2 | |
| Fuel Economy | City 21/Hwy 28/Comb 24 MPG | City 22/Hwy 31/Comb 25 MPG | City 18/Hwy 27/Comb 21 MPG | City 18/Hwy 26/Comb 21 MPG | |
| Fuel Type | Gas | Gas | Gas | Gas | |
| Seating Capacity | 5 | 5 | 5 | 5 | |
| Basic Warranty | 3 years or 36000 miles | 3 years or 36000 miles | 4 years or 50000 miles | 3 years or 36000 miles | |
| Horsepower | 120 @ 5500 RPM | 140 @ 5600 RPM | 255 @ 6500 RPM | 265 @ 5800 RPM | |
| Engine | 4-Cyl, 2.0 Liter | 4-Cyl, 2.2 Liter | V6, 3.2 Liter | V6, 3.5 Liter | |
| Drivetrain | FWD | FWD | FWD | FWD |
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