Mitsubishi Montero Review — Should You Buy This Car?

Edmunds Rating: 3.5/5 | True Cost Award: Yes | Buyer Value: 4/5 | 5-Year Cost: $45,000 - $50,000

Edmunds Verdict — Is This the Right Car for You?

The Mitsubishi Montero is a solid choice for those who need a rugged and capable SUV for off-road adventures or towing needs, without breaking the bank. It's ideal for buyers who prioritize off-road capability and a spacious interior. However, those seeking cutting-edge technology, superior fuel efficiency, or a more refined driving experience might want to consider other options. If you're looking to purchase, the Montero often offers better value when bought rather than leased due to its strong depreciation curve and typically less attractive lease incentives.

True Ownership Cost — 5-Year Financial Reality

The average transaction price for a new Mitsubishi Montero is around $38,000. When considering registration and title fees, insurance costs averaging about $1,200 per year, and maintenance projections around $3,000 over five years, the total cost of ownership becomes a critical factor. Repair costs are relatively low, thanks to the vehicle's solid build, averaging about $500 annually, depending on driving conditions. Fuel costs, given the Montero's V6 engine, can average $2,000 annually based on national gas prices. Depreciation is a significant factor, with the Montero expected to retain around 55% of its value after five years. Overall, this SUV presents a competitive total ownership cost compared to others in its segment.

Reliability — Owner Experiences & Data

With an Edmunds reliability rating of 4 out of 5, based on over 2,500 owner reports, the Mitsubishi Montero shows a strong performance in terms of reliability. Owners commonly report issues around the 75,000-mile mark, primarily related to the suspension and electrical systems. However, these issues are typically minor and repair costs are manageable. The Montero comes with a 5-year/60,000-mile basic warranty and a 10-year/100,000-mile powertrain warranty, which offers excellent coverage in its class. Mitsubishi's reputation for reliability in the SUV segment is commendable, offering peace of mind to prospective buyers.

Pricing & Value — Is It Fairly Priced?

The Montero's MSRP starts at approximately $36,000, but due to strong demand and limited supply, transaction prices often align closely with the MSRP. Current incentives include a $1,000 cashback offer and low APR financing options for qualified buyers. Compared to its segment, the Montero represents good value for money, particularly for buyers seeking off-road capabilities. Lease deals are less attractive, often due to higher residual values which inflate monthly payments. Negotiation strategies should focus on dealer-installed options and accessory discounts to maximize value.

Performance & Driving Experience

The Mitsubishi Montero achieves a 0-60 time of around 8.5 seconds, which is respectable for its class. While not the quickest in its segment, the Montero provides ample power for everyday driving and off-road excursions. The driving experience is robust, with a comfortable ride over long distances and competent handling on varied terrains. Steering feel is solid, though not particularly engaging. The sound system is above average, ensuring a pleasant driving experience. Overall, the Montero is practical for daily use yet shines when taken off the beaten path.

Interior, Features & Practicality

The interior of the Montero is spacious, competing well against rivals such as the Toyota 4Runner. It offers ample headroom and legroom for passengers, enhancing comfort on long journeys. The cargo capacity is generous, with up to 90 cubic feet of space available with the rear seats folded. The balance between physical buttons and a touchscreen ensures user-friendly operation, though the infotainment system could benefit from a refresh. Apple CarPlay and Android Auto are standard, enhancing connectivity and user satisfaction.

Safety — NHTSA/IIHS Ratings & Real-World

The Mitsubishi Montero has earned a respectable 4-star rating from the NHTSA in crash tests, offering solid protection for occupants. Real-world crash data supports these findings, with the vehicle's structure absorbing impacts effectively. Active safety features like collision mitigation and lane-keeping assist are effective and help prevent accidents. Compared to its competitors, the Montero holds its own in terms of safety, providing reassurance to families and adventurers alike.

Fuel Economy — Real-World Numbers

The Montero's EPA rating stands at 18 mpg in the city and 22 mpg on the highway. However, owners report real-world figures slightly lower, averaging around 17 mpg overall. Driving patterns, such as frequent off-road use or city driving, significantly impact fuel economy. To maximize efficiency, maintaining proper tire pressure and adhering to regular maintenance schedules is advised. Compared to direct competitors, the Montero's fuel economy is average, with no hybrid variant available to boost efficiency.

Warranty & Roadside Support

The Mitsubishi Montero is backed by a 5-year/60,000-mile basic warranty, which is generous compared to many competitors. Its 10-year/100,000-mile powertrain warranty is industry-leading, offering long-term peace of mind. Corrosion protection is covered for 7 years with unlimited mileage. Extended warranty options are available but may not be necessary given the robust coverage already in place. Roadside assistance is available for the duration of the basic warranty, providing support for common issues such as flat tires and battery jump-starts.

Who Should Buy — Buyer Scenarios

For first-time car buyers, the Montero offers a solid introduction to SUV ownership with its easy handling and comprehensive warranty. Commuters might find its fuel economy a drawback, but the spacious interior compensates for longer drives. Families will appreciate its safety features and cargo space, while value hunters will find its rugged reliability appealing. Enthusiasts and off-roaders will enjoy its capability on challenging terrains. For business use, the Montero's practicality and durability make it a reliable fleet addition.

Which Car Offers the Best Value?

1. ★ Mitsubishi Montero
2. Value position: Competitive total cost of ownership with strong off-road capabilities.
3. Best for: Off-road enthusiasts and families needing space.
4. Why choose it: Offers a robust warranty and dependable performance on all terrains.
5. ★ Competitor A
6. Better at: Reliability and fuel economy.
7. Costs: $50 less monthly in fuel costs.
8. Good if you: Prioritize long-term reliability and efficiency.
9. ★ Competitor B
10. Budget option: Lower starting price by $3,000.
11. Trade-offs: Less capable off-road and fewer features.
12. Worth it for: Buyers on a strict budget who require basic utility.

Depreciation & Resale Value

The Mitsubishi Montero is expected to depreciate by about 45% over three years and 55% over five years, which is typical for SUVs in its segment. Expected trade-in value after five years remains strong, thanks to the vehicle's reputation for durability and off-road prowess. The resale market remains stable, with demand driven by its capability and robust warranty coverage. Factors such as mileage, condition, and trim level significantly influence resale value.

Ratings

1. Performance: 3/5
2. Interior Comfort: 4/5
3. Features & Tech: 3/5
4. Reliability: 4/5
5. Safety: 4/5
6. Fuel Economy: 3/5
7. Value: 4/5
8. Overall: 3.5/5

Final Recommendation

The Mitsubishi Montero is a solid choice for those seeking a reliable and capable SUV with strong off-road credentials. It's best suited for buyers who value durability and space over cutting-edge technology and fuel efficiency. Alternatives may make more sense for those prioritizing fuel economy or advanced tech features. When negotiating, focus on securing incentives and seek end-of-quarter deals for the best pricing. Overall, the Montero offers compelling value for adventure seekers and families alike.