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Mitsubishi Galant, Sedan
#1328 of 2502 Galant ES vs. Protege DX Resale
Nov 26, 2003 (10:51 am)
Resale values if purchased at same time and driven same amount. Invoice price is using 2003 models, as 2002 data is no longer posted on Edmunds. If The 2003 invoice on the Galant doesn't look appreciably different than it did last year, perhaps $200 higher. I looked at LX model Proteges last year as well, and those invoices are also only up by about $100 or $200 for 2003.
Both cars are priced invoice + destination charges on Edmunds equipped as I bought them (no options on the fully-loaded Galant ES, and the 6-disc CD, AC and cargo net on the Protege DX), and are figured exactly the same way on Kelly Blue Book for trade-in value. Not coincidentally, for 2003 models, they both have the same customer and dealer incentives as also coincidentally, both are being replaced by all-new models for 2004.
Finally, both cars are computer on Kelly Blue Book in "Good" condition for the Los Angeles, CA area "Trade In" value.
Invoice Price including destination charge:
2003 Mitsubishi Galant ES 4 Cylinder
*Mitsubishi offers a $2500 customer and a $1500 dealer rebate which reduces price to $13,834*
2003 Mazda Protege DX w/ 6-disc CD, AC, Cargo net
*Mazda offers a $2500 customer, $500 dealer and $500 graduate student rebates (I got all three), which reduces price to $11,660
Purchase price as equipped is $2,200 cheaper for the Protege than the Galant, based on $3,500 Mazda rebates and $4,000 Mitsubishi rebates. My actual purchase equations were different. There was no rebate on the Galant in late 2001 and $1,500 on the Protege, making my purchase price differential closer to $6,500.
Trade-In Value in "Good" condition.
2002 Mitsubishi Galant ES with 38,700 miles $6,590
2002 Mazda Protege DX with 38,700 miles $6,506
2003 Mitsubishi Galant ES with 19,350 miles $8,835
2003 Mazda Protege DX with 19,350 miles $7,855
Had I bought a Protege last year instead of a Galant, my resale would only have been $84 less, but my purchase price would have been $6,500 less had I bought a Protege in December 2001. More importantly, it was the way Mitsubishi refused to honor their warranty that made me sell my car, so trade-in would have been a non-issue.
Even if buying today, the Galant costs $2,200 more and only retains $1,000 more value.
This is just a mathematical analysis. This time around, I wanted to get rid of my lemon and pay as little out of my pocket as possible. The choices weren't which is the best car at a given price, but rather what was the absolute cheapest new car that I could tollerate driving for the next 3 years. Had I wanted to finance, I would have just bought an Accord or Camry, or if I was willing to lease, a BMW 325i. I wanted to just write a check, so the choices were, after all incentives were figured out, Hyundai Accent, Kia Rio, Toyota Echo and Mazda Protege. It was an easy choice.
#1329 of 2502 More Galant and Protege resale
Nov 26, 2003 (10:59 am)
Selling a car after only two years is something I try very hard NOT to do. I kept my last car, a 1997 Nissan Sentra, for 5 years, and my car before that, a 1994 Mazda 323, for four years (wife drove after I bought the Sentra). Here is the resale value on 1999 model Galants and Proteges, equipped as close to my cars as possible, with 80,000 miles, which is about where my cars are after five years. Both again listed in "Good" condition for the Los Angeles, CA area in Kelly Blue Book.
1999 Mitsubishi Galant ES, 80K miles $3,865
1999 Mazda Protege DX, 80K miles $3,945
Funny how an economy car can consistently be so close in value to a much more expensive mid-size come resale time.
#1330 of 2502 99 GTZ Center Channel Speaker
Nov 28, 2003 (7:54 pm)
#1296 of 1296 99 GTZ Center Channel Speaker by japcarfan Nov 01, 2003 (12:06 am)
Does anyone know what speaker can replace the center channel speaker and where to buy one? right now my stock infinity speaker is buzzing and needs to be replaced.
I went to a car audio place and they said only the dealer could get it because it's a "euro mount".
Is this true? who can help? I'm tired of distortion.
#1331 of 2502 Mitsubishi offers $25 gift certificate for test drive
Nov 28, 2003 (10:10 pm)
I am thinking about going to my local dealership to test one Wednesday afternoon.
I checked inventory and my local dealer doesn't have a GTS model in yet. I am ONLY interested in the GTS or LS models...they have mostly ES models right now.
Nov 28, 2003 (10:14 pm)
I wish I'd thought of that before buying my Protege, I'd have pocketed $100 for 15 minutes of my and their time.
Nov 28, 2003 (10:24 pm)
Make sure your local dealership is part of that program. I visited the nearest Mitsu delarship, and it was not participating.
Nov 29, 2003 (5:41 pm)
I checked out an 04 galant yesterday (no test drive)
-exterior-decent looking, not a stunner
-interior-bits of cheapness, spartan design but mostly cohesive and has nice gauges. Controls don't operate cheaply. Cost cutting on a few plastics but still fairly tasteful considering the price, nice alternative looking interior. Certainly not as cheap looking as many GM products. Maybe a bit nicer inside than the Altima, but not as nice as the Mazda6. Not embarassing.
-v6 has big power available
-no folding seat
-ROOMY (wide and leg room)
if the deals are good it well sell ok. did I say its roomy? more room than my diamante
#1335 of 2502 Well, according to Mitsucars.com
Nov 29, 2003 (9:47 pm)
One of the dealers in my area is a part of the program, but they have NO GTS models.
The closer dealership has a GTS (Which I looked at tonight) but it is not a part of the program yet.
After looking inside of the GTS I have the following observations:
The interior looks better in GTS trim because of the leather, the two-tone dash (which looks REALLY NICE IMO).
The wood trim is a VERY bright color. A TAN color that looks better than the ugly ass wood in the new Accord EX with Ivory cloth.
I also liked the leather upholstery that was in this particular model. It was the creme color.
The exterior was nice as well, and the GTS looked better than the ES and DE model that was on the lot. Even the taillights looked better on the GTS.
The car reminded me a LOT of the Altima...the Altima looks better though.
I actually am beginning to like the new Galant. I hope to test drive on while my trusty Accord is in the shop....I might even think about getting a GTS even though I am desperately WAITING to see if Nissan will finally give the Altima an interior that matches the Altima's sexy style.
But for now, the Altima DEFINATELY has a better interior than the Altima, but still falls short of the Accord, Camry, 6 and Passat.
Good luck Mitsubishi....I like it.
Nov 30, 2003 (8:29 pm)
"But for now, the Altima DEFINATELY has a better interior than the Altima"
you mean Galant, right?
I would like to see C/D test the v6 Galant. Why they yested the 4, I don't know.
#1337 of 2502 they stated why
Dec 01, 2003 (9:27 am)
A very low percentage of buyers are expected to go for the GTS. Personally, I hate the GTS taillights and center stack finish. Looks like its trying waaaay too hard. The red tailamps of DE, ES, LS V6 are elegant and in-character with the vehicle. In other mags/articles that have tested the V6 Galants, torque steer seems to be an issue.