What the numbers say

A 1999 Mitsubishi Montero Sport still asks 65% of what a 2004 one does — that's how much value it holds after 5 years. Among 29 suvs we price, that ranks #21, below the 87% class median. The steepest single-year drop comes at year 1 (−59.2%), after which losses ease to about 24% a year. Calculated from 38 listings.

6
Years priced
$1,999
2003 median
38
Listings
65%
Kept after 5 yrs
#21
of 29 suvs

Mitsubishi Montero Sport value by year

FIG.01·Mitsubishi Montero Sport Value by Year
YearTrade-inMedianDealerListings
2004$2,500$4,900$4,9003
2003$1,350$1,999$2,95011
2002$2,000$2,800$5,9507
2001$1,200$1,900$3,9955
2000$2,000$3,800$4,5007
1999$2,600$3,200$6,5005
ROWS 6·SOURCE ForCar · Mitsubishi Montero Sport

How the Mitsubishi Montero Sport depreciates

FIG.02·Mitsubishi Montero Sport Depreciation Curve — Median Value by Year
200420032002200120001999$4,900$1,999$2,800$1,900$3,800$3,200
RANGE $4,900 → $3,200·SOURCE ForCar · Mitsubishi Montero Sport

The newest Mitsubishi Montero Sport has a median asking price of $4,900; a 5-year-older one runs about $3,200 — roughly 35% lost over 5 years (compare the typical depreciation curve by age).

Does the Mitsubishi Montero Sport hold value better than its rivals?

Over the same 5 years the Subaru Outback keeps 93%, the Subaru Forester 102% and the Chevrolet Tahoe 118%, against 65% for the Montero Sport. The Subaru Outback, Subaru Forester and Chevrolet Tahoe hold value better than the Montero Sport.

FIG.03·Mitsubishi Montero Sport vs SUVs — Value Retention
01
Range Rover183%
02
Cherokee182%
03
Tahoe118%
04
Pathfinder115%
05
Suburban109%
06
Explorer Sport105%
07
Land Cruiser103%
08
Forester102%
09
Rodeo102%
10
Grand Cherokee100%
11
XC70100%
12
Outback93%
TOP 12·UNIT % of 2004 price retained·SOURCE ForCar · 38 listings

The Mitsubishi Montero Sport market right now

FIG.04·Mitsubishi Montero Sport Market — Asking Price Range by Year
199920002001200220032004$3,200$3,800$1,900$2,800$1,999$4,900
RANGE $3,200 → $4,900·SOURCE ForCar · 39 listings
This is the median line. Pro plots all 39 Mitsubishi Montero Sport listings on this chart and flags every under-market deal.Upgrade to Pro →

Adjust your Mitsubishi Montero Sport value for mileage

Trade-in, private-party & dealer price

Trade-in / low
$1k
Private-party
$2k
Dealer / high
$3k
FIG.06·Mitsubishi Montero Sport — Trade-in vs Private-Party vs Dealer
01
Trade-in — a dealer pays you10th percentile$1,350
02
Private-party — you sell itmedian · typical price$1,999
03
Dealer retail — a lot charges90th percentile$2,950
TOP 3·UNIT $ · 2003 Mitsubishi Montero Sport·SOURCE ForCar · 11 listings

For a 2003 Mitsubishi Montero Sport: a dealer trade-in offer is around $1,350, selling private-party nets about $1,999, and a lot asks near $2,950 — a $1,600 spread on the same car.

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More on the Mitsubishi Montero Sport

Mitsubishi Montero Sport value FAQ

How much is a Mitsubishi Montero Sport worth?

It depends mostly on the model year: in our listings the median asking price runs from $1,900 to $4,900 across 6 model years. A 2003 is worth about $1,999, the median of 11 listings.

How much does mileage cut a Mitsubishi Montero Sport's value?

Among Montero Sports from the last eight model years, those with 100,000 to 150,000 miles ask a median $2,200, and those with over 150,000 miles ask $2,625.

Does the Montero Sport hold value better than the Subaru Outback?

No: over 5 years the Montero Sport keeps 65% of its value and the Subaru Outback 93%, by the median asking prices of the 2004 and 1999 model years.

Mitsubishi Montero Sport values from 38 US listings, model years 1999–2004, rebuilt every 6 hours. These are asking prices, not sale prices. Last updated Nov 2026. — ForCar Reviewed by , founder of ForCar.
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