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When it comes to affordability, Mitsubishi offers some of the most inexpensive cars on the market. Inexpensive also describes the new 2023 Mitsubishi Mirage G4, a sedan version of the automaker’s Mirage subcompact hatchback. With a starting MSRP of just $17,245, you may have room in your budget to buy a new G4 and load it up with all available goodies. So, just how much will a fully loaded Mitsubishi Mirage G4 run you?

A look at the 2023 Mitsubishi Mirage G4

Mitsubishi offers the Mirage G4 sedan in four trim levels, each with the same powertrain. The G4 comes with a 1.2-liter three-cylinder engine that can only produce 78 hp and 74 lb-ft of torque, making it severely underpowered relative to competitors in the segment. Each G4 also comes with a CVT transmission and FWD. As per Car and Driver and Edmunds reviewers, the G4 engine is underpowered and noisy, especially when accelerating. However, it outperforms its competition in terms of fuel economy, as it’s rated for 35 mpg in the city and 41 mpg on the highway.

Where the G4’s trim levels differ is in its features. The ES, which starts at $17,245, comes with auto climate control, a 7.0-inch display for smartphone linking, and a forward collision mitigation system, among other standard features. The next level LE trim starts at just $600 more and adds 15-inch alloy wheels, though not much else. The BE trim adds upgraded styling, including red grille accents, a black trunk spoiler, and a red-stitched leather-wrapped steering wheel. There are also additional features, such as rain-sensing wipers and auto headlights, for a starting price of $18,445.

However, for $18,945, you can get the top-level SE trim, which adds upgraded stylistic touches and several more features. The G4 SE trim comes with heated front seats, lane-departure warning, push-button start, and daytime running lights, among others.

How much does a fully loaded Mitsubishi Mirage G4 cost?

The Mitsubishi Mirage G4’s features will never give Mercedes-Benz a run for its money. However, you can add some nice amenities for a bit more money. If you customize your car, you’ll find yourself with a fully loaded sedan that’s still quite affordable. Mitsubishi offers the Mirage G4 in Black, Starlight Silver, Wine Red, Sapphire Blue, Infrared, and Mercury Gray color options. Still, if you’d like your Mirage G4 in premium White Diamond, it will cost you $395.

Despite being the top-level trim, the Mirage G4 SE only has a fabric interior and no options to upgrade to something fancier. Instead, the automaker has focused on offering exterior styling, cargo, and advanced safety packages. There is a Refined Appearance package for $995 each, which enhances the body color in different ways, and a Chrome Accents package for $325. There’s also a Cargo Essential package which runs $245 and includes cargo dividers, a cargo mat, and a cargo net. A console illumination system will run you $95, floor lighting $150, interior dome LED lighting $50, and a fog light upgrade $295. Mudguards are available for $150. Additionally, you can add a premium Rockford Fosgate audio system for $595.

With all these additions, you’ll be paying around $23,030, which is still very affordable for a brand-new sedan. However, is a fully loaded SE the best value play for a prospective Mirage G4 buyer?

Is the Mirage G4 sedan a good value buy?

While a $23,000 price tag for a new sedan is cheap, it doesn’t mean it’s the G4 you should buy. Frankly, as underpowered as it is, it’s worth questioning whether a G4 is what you should buy at all. While its fuel economy numbers are good, they’re not best-in-segment. Moreover, while the Mitsubishi Mirage G4 has more interior and cargo room than the Mirage hatchback, other sedans also outclass it in this area.

In fact, you can get a Nissan Versa or Kia Rio for comparable prices. Both vehicles offer more power, space, and features. The only area in which the Mirage G4 is competitive besides fuel economy is warranty coverage, as Mitsubishi offers a limited warranty of five years /60,000 miles and a powertrain warranty coverage of 10 years / 100,000 miles. However, there’s also no complimentary maintenance coverage, which rivals offer.

Overall if you have a $25,000 budget for a new sedan, you’re probably better off avoiding a fully loaded Mirage G4 and opting for one of its rivals. Still, if you need a car quickly, you’re probably better off opting for the cheapest ES trim and trading up as soon as possible.

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