Looking to buy a used Mitsubishi Colt car? Used Car Expert has thousands of used Mitsubishi cars for sale from used Mitsubishi car dealers and private sellers across the UK.
1999 (S Reg)
2001 (Y Reg)
2002 (52 Reg)
2002 (02 Reg)
2006 (06 Reg)
2005 (55 Reg)
2006 (56 Reg)
This Colt is a huge step forward from the drab model that went before it. The convertible version in particular turns heads as it looks much more expensive than it really is. The hatchback versions are practical like a small MPV - but with better looks.
Being such a modern package and from a brand with a reputation for gadgets and quality, you can see the Colt as a rival to the Honda Jazz. Being a Mitsubishi, you may expect it to be expensive, but it isn't really. It's certainly less than a Honda.
3 doors are a few hundred quid cheaper than the 5 door models. In terms of engines, the 1.1P is rather weedy so the sensible options are 1.3 petrol and 1.5 diesel. They are very similar in price, mileage and insurance costs.
The petrol loses out to the diesel only on MPG, which is around 43 to the diesel's 59 mpg. On older cars, diesels can be more expensive to maintain and fix when they break, but if you are looking at cars under 5 that's not really an issue.
3 year old 5-door cars with Mirage or Equippe specifciations should be around £6,500 at dealers and up to £1,000 less from private sellers.
Depreciation is in the low teens for the first 4 years, then it drops to an attractive 6-8%. So the smart money buys a 4 year old car and sells it on within 2 years having lost less than £25 a week. Sounds good doesn't it£ But it equals £2,000 in total.
Used Car Expert recommends that you try to buy after a big drop in depreciation and before the next one, so with the current Mitsubishi Colt you would aim to buy a 4 year old and sell it before it is 6 years old.
For advice on what to pay, see below and for more detailed depreciation and mileage & spec adjusted prices & graphs visit our price guide.