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By KBB Editors
Updated December 23, 2019
If you’re looking for a sporty, sharp-handling compact car that stands out from the crowd and comes with a comprehensive warranty, the Mitsubishi Lancer deserves a look. If you want your morning commute to feel like a World Rally Championship special stage, the Evo is your ride.
You won’t find a bevy of creature comforts like ventilated front seats or watchful safety features such as blind-spot monitoring in the aging Lancer lineup. For the latest in tech, safety and comfort features, look to models like the Kia Forte, Mazda3, or Chevrolet Cruze – all of which offer better fuel efficiency, too.
Mitsubishi has dropped the base DE Lancer sedan from the menu, with the slightly costlier but better-equipped ES now the entry model. New audio and navigation systems arrive across the board, along with minor interior changes on select trims.
The 2014 Mitsubishi Lancer lineup of compact cars isn’t the freshest in the industry, but it’s certainly one of the most diverse. With a sporty sedan, versatile hatchback and race-worthy Evolution rally car – not to mention turbochargers, all-wheel-drive capability and innovative transmissions – there’s a Lancer flavor to suit a variety of tastes. Competitors such as the Honda Civic, Ford Focus, Hyundai Elantra and Chevrolet Cruze boast better fuel economy and larger dealer networks, but few compact cars can match the sporty nature and something-for-everyone personality offered by the Lancer.
2014 Mitsubishi Lancer pricing starts at $6,647 for the Lancer ES Sedan 4D, which had a starting MSRP of $19,405 when new. The range-topping 2014 Lancer Evolution MR Sedan 4D starts at $19,378 today, originally priced from $38,990.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$19,405 | $6,647 | |||
$19,905 | $8,898 | |||
$21,490 | $6,204 | |||
$22,240 | $7,928 | |||
$22,740 | $8,731 | |||
$29,190 | $16,723 | |||
$35,790 | $20,183 | |||
$38,990 | $19,378 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2014 Mitsubishi Lancer models in typical condition when purchasing from a dealership. These prices are updated weekly.
With power output that ranges from 148 horsepower to a turbocharged 291, engine choice has a profound impact on the Lancer driving experience. That said, the whole lineup favors responsiveness, balance and driver involvement. All-wheel-drive models, including the well-priced Lancer SE, are especially adept at clinging to pavement when thrown into corners. Even front-wheel-drive models such as the mid-range GT model we tested are impressively composed and grippy. The slightly smoother and quieter ES is well-suited to around-town driving duties, though it still talked to us about the road surface and what the tires were doing. The pinnacle performer is the Evo, which has screaming acceleration and black hole-like adhesion. The Evo feels rally-ready, but be warned: Its utterly stiff ride will jar your back and your brain. A happier medium is the all-wheel-drive Lancer Ralliart, which offers turbocharged thrills and a more compliant ride.
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.
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.
ROCKFORD-FOSGATE SOUND SYSTEM
Mitsubishi’s premium sound system of choice is loud, proud and clean in sound. This available audio system packs nine speakers and 710 watts of rocking pleasure.
6-SPEED AUTO-SHIFTING TRANSMISSION
In Mitsubishi’s parlance, it’s a TC-SST, that alphabet soup standing for Twin-Clutch Sportronic Shift Transmission. To us it’s just an excellent automatic (with manual-shift mode) that rifles through gears faster than we ever could.
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.
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.
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)
Login or create a new account to see your vehicle depreciation forecast data.
Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | $264 | $7,364 | $5,785 | ||
2023 | $646 | $6,718 | $5,027 | ||
2024 | $1,386 | $5,332 | $3,495 | ||
Now | $475 | $4,857 | $2,917 |
Unlock Forecast
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.
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Curb Weight | 3120 lbs. | ||
---|---|---|---|
EPA Passenger | 93.5 cu.ft. | ||
EPA Total Interior | 105.8 cu.ft. | ||
Fuel Capacity | 14.5 gallons | ||
Front Head Room | 39.6 inches | ||
Front Leg Room | 42.3 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.5 inches | ||
Overall Length | 180.0 inches | ||
Front Shoulder Room | 54.7 inches | ||
Trunk or Cargo Capacity | 12.3 cu.ft. | ||
Turning Diameter | 32.8 feet | ||
Wheel Base | 103.7 inches | ||
Width with mirrors | 69.4 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Fog Lights | Available | ||
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
Roof Rails | Available | ||
Rear Spoiler | Available |
City | 22 mpg | ||
---|---|---|---|
Highway | 29 mpg | ||
Combined | 25 mpg |
Drivetrain | AWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
Recommended Fuel | Regular |
Horsepower | 168 @ 6000 RPM | ||
---|---|---|---|
Torque | 167 @ 4100 rpm | ||
Engine | 4-Cyl, 2.4 Liter |
Basic | 5 years / 60000 miles | ||
---|---|---|---|
Powertrain | 10 years / 100000 miles | ||
Corrosion | 7 years / 100000 miles |
Used 2014 Mitsubishi Lancer | Used 2015 Volkswagen Jetta | Used 2015 Ford Focus | Used 2015 Nissan Versa | ||
---|---|---|---|---|---|
Price | $6,204 | $5,572 | $5,259 | $5,086 | |
KBB.com Rating | 2.8 | 3.7 | 4.3 | 3.9 | |
Consumer Rating | 4.5 | 4.4 | 3.6 | 3.8 | |
Fuel Economy | City 22/Hwy 29/Comb 25 MPG | City 30/Hwy 43/Comb 35 MPG | City 26/Hwy 38/Comb 30 MPG | City 27/Hwy 36/Comb 30 MPG | |
Fuel Type | Gas | Diesel | Flexible Fuel | Gas | |
Safety Rating | 4.0 | 5.0 | 5.0 | 4.0 | |
Seating Capacity | 5 | 5 | 5 | 5 | |
Basic Warranty | 5 years or 60000 miles | 3 years or 36000 miles | 3 years or 36000 miles | 3 years or 36000 miles | |
Horsepower | 168 @ 6000 RPM | 140 @ 4000 RPM | 160 @ 6500 RPM | 109 @ 6000 RPM | |
Engine | 4-Cyl, 2.4 Liter | 4-Cyl, Turbo Dsl, 2.0L | 4-Cyl, Flex Fuel, 2.0L | 4-Cyl, 1.6 Liter | |
Drivetrain | AWD | FWD | FWD | FWD |
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2014 Mitsubishi Lancer city/highway fuel economy ratings range from 17/22 mpg to 26/34 mpg, depending on trim and equipment.
Used 2014 Mitsubishi Lancer prices currently range from $6,204 for the SE Sedan 4D to $20,183 for the Evolution GSR Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2014 Mitsubishi Lancer is the SE Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $6,204.
The 2014 Mitsubishi Lancer is part of the 2nd-generation Lancer, which our owners give an above-average reliability rating of 4.7 out of 5.