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Author Topic: Depreciation Appreciation: 2001-2006 Mitsubishi Montero  (Read 3273 times)

Offline AutoTrader.ca

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Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« on: July 11, 2019, 07:39:30 pm »
Montero offers big space and capability on the relative cheap!
Read more...
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Offline dirtyjeffer

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #1 on: July 11, 2019, 09:24:46 pm »
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...
was this article written for Fob? :P
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Offline Gurgie

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #2 on: July 11, 2019, 11:31:37 pm »
Quote from: dirtyjeffer on July 11, 2019, 09:24:46 pm
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...
was this article written for Fob? [emoji14]
Or by Fob? [emoji848]

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Offline EV-Light

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #3 on: July 12, 2019, 01:41:23 am »
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...

What a great deal omg!! Dump $8k on 200k kms SUV...


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Offline EV Dan

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #4 on: July 12, 2019, 03:32:13 am »


It will be worth millions some day  :P
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Offline Great_Big_Abyss

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #5 on: July 12, 2019, 07:26:18 am »
Quote from: Tauri13 on July 12, 2019, 01:41:23 am
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...

What a great deal omg!! Dump $8k on 200k kms SUV...


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Unlike something like a Ford Explorer or some other CUV, 200 000 doesn't seem to be a death knell for this truck.  It seems to built to the same formula to which Toyota builds it's 4-Runner.
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Offline EV-Light

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #6 on: July 12, 2019, 08:10:16 am »
Quote from: Great_Big_Abyss on July 12, 2019, 07:26:18 am
Quote from: Tauri13 on July 12, 2019, 01:41:23 am
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...

What a great deal omg!! Dump $8k on 200k kms SUV...


Sent from my iPhone using Tapatalk

Unlike something like a Ford Explorer or some other CUV, 200 000 doesn't seem to be a death knell for this truck.  It seems to built to the same formula to which Toyota builds it's 4-Runner.

Yeah it must be why there are only 5 of them for sale Canada wide on Autotrader. They are so f reliable that they actually appreciated in value since hitting rock bottom.....that is for sure!


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Offline Great_Big_Abyss

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #7 on: July 12, 2019, 09:55:25 am »
Quote from: Tauri13 on July 12, 2019, 08:10:16 am
Quote from: Great_Big_Abyss on July 12, 2019, 07:26:18 am
Quote from: Tauri13 on July 12, 2019, 01:41:23 am
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...

What a great deal omg!! Dump $8k on 200k kms SUV...


Sent from my iPhone using Tapatalk

Unlike something like a Ford Explorer or some other CUV, 200 000 doesn't seem to be a death knell for this truck.  It seems to built to the same formula to which Toyota builds it's 4-Runner.

Yeah it must be why there are only 5 of them for sale Canada wide on Autotrader. They are so f reliable that they actually appreciated in value since hitting rock bottom.....that is for sure!


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There's only 5 of them because they never sold in great numbers while new.  It also goes a long way towards explaining why they're relatively expensive.  If I look up 2001 - 2006 Ford Explorers, there are pages and pages of them nationally.  They seem to go for about 1/3 to 1/2 the price of the Montero.  It's basic supply and demand. 
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Offline OliverD

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #8 on: July 12, 2019, 10:28:02 am »
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Offline Dante

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #9 on: July 12, 2019, 11:13:25 am »
These things are very hard to find since they were only sold in Canada for max 2-3 years I think (Mitsu came to Canada in 2002) and in small numbers. The same goes for the Montero Sport - hard to find them never mind good units.

Yes, they were reliable vehicles if properly maintained and a dying bread hence the price for a good unit can be higher than what the age/km would otherwise entail. I would imagine they are thought after by a very small and specific group of buyers which are willing to pay a premium for a good unit.


 
« Last Edit: July 12, 2019, 11:15:06 am by carcrazy »
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Offline Fobroader

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #10 on: July 12, 2019, 01:17:14 pm »
Quote from: carcrazy on July 12, 2019, 11:13:25 am
These things are very hard to find since they were only sold in Canada for max 2-3 years I think (Mitsu came to Canada in 2002) and in small numbers. The same goes for the Montero Sport - hard to find them never mind good units.

Yes, they were reliable vehicles if properly maintained and a dying bread hence the price for a good unit can be higher than what the age/km would otherwise entail. I would imagine they are thought after by a very small and specific group of buyers which are willing to pay a premium for a good unit.


 

This is very true, I have had people come to me at car washes, gas stations, oil change places and even the dealership expressing interest in ours. They are pretty freaking reliable but parts are kind of a PITA to get but doable thanks to the net. Wife and I would happily buy a newer, 2015+, if available, as we love ours. Comparing them to an explorer is hilarious......
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Offline Great_Big_Abyss

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #11 on: July 12, 2019, 01:39:44 pm »
The reason a 13 year old Mitsubishi Montero with 200 000+kms is still worth 8 or $9k is the same reason there are TONS of 13 year old Tundra's on Autotrader with 200 000+kms from low teens to low $20k's. 

They are relatively rare compared to the competition (GM, Ford, Dodge), they are very reliable, and they just hold their value. 
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Offline Fobroader

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #12 on: July 12, 2019, 01:42:15 pm »
Quote from: Great_Big_Abyss on July 12, 2019, 01:39:44 pm
The reason a 13 year old Mitsubishi Montero with 200 000+kms is still worth 8 or $9k is the same reason there are TONS of 13 year old Tundra's on Autotrader with 200 000+kms from low teens to low $20k's. 

They are relatively rare compared to the competition (GM, Ford, Dodge), they are very reliable, and they just hold their value.

I know I would have no issue buying a Sequoia/Tundra/GX460/LX570/Montero with 200K km on them.....can't say that for a Ford.
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Offline Dante

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #13 on: July 12, 2019, 04:28:13 pm »
Quote from: Great_Big_Abyss on July 12, 2019, 01:39:44 pm
The reason a 13 year old Mitsubishi Montero with 200 000+kms is still worth 8 or $9k is the same reason there are TONS of 13 year old Tundra's on Autotrader with 200 000+kms from low teens to low $20k's. 

They are relatively rare compared to the competition (GM, Ford, Dodge), they are very reliable, and they just hold their value.

Yeah.... Same with the pre-2003 4Runners. Loved them then, still like them now. Land Cruisers too...those are even harder to find, older and way more expensive.

Far cry from the modern cars today but they have their charm and purpose.
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Offline dkaz

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #14 on: July 12, 2019, 07:27:06 pm »
$8k must be 1/5th what they sold for brand new at the time?

Don’t tell Tauri13 I dumped $4700 on a 16 year old SUV with 330k.
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Offline Great_Big_Abyss

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #15 on: July 12, 2019, 08:47:49 pm »
Quote from: DKaz on July 12, 2019, 07:27:06 pm

Don’t tell Tauri13 I dumped $4700 on a 16 year old SUV with 330k.

The only advantage to the Sequoia's (and Tundra's) design not having been updated in so long means if you buy a super old one, you're not really giving up as much compared to a new one.  With regards to tech and features, and even fuel economy.
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Offline EV-Light

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #16 on: July 13, 2019, 09:07:17 am »
Quote from: DKaz on July 12, 2019, 07:27:06 pm
$8k must be 1/5th what they sold for brand new at the time?

Don’t tell Tauri13 I dumped $4700 on a 16 year old SUV with 330k.

That’s not bad...what I’d expect a 16y old SUV to be priced at - NOT $13k :)


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Offline OliverD

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #17 on: July 14, 2019, 06:19:00 pm »
Age is just one factor though.
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Offline Jamie1

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #18 on: July 14, 2019, 11:48:55 pm »
Quote from: Tauri13 on July 12, 2019, 01:41:23 am
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...

What a great deal omg!! Dump $8k on 200k kms SUV...


Sent from my iPhone using Tapatalk
I was the Osman Auction yesterday and one went though and sold for $800.00.
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Offline EV-Light

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Re: Depreciation Appreciation: 2001-2006 Mitsubishi Montero
« Reply #19 on: July 15, 2019, 11:37:47 am »
Quote from: jamie1 on July 14, 2019, 11:48:55 pm
Quote from: Tauri13 on July 12, 2019, 01:41:23 am
Quote from: autoTRADER.ca on July 11, 2019, 07:39:30 pm
Montero offers big space and capability on the relative cheap!
Read more...

What a great deal omg!! Dump $8k on 200k kms SUV...


Sent from my iPhone using Tapatalk
I was the Osman Auction yesterday and one went though and sold for $800.00.

That’s a good price for one :)


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