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Karen ASKED THE GUIDE

Mitsubishi Magna 2002: How much is my car worth?

Please could you let me know roughly what the market-value is in relation to the cost of a Mitsubishi Magna 2002 in poor condition? This information would be very helpful and much appreciated.

A 2002 Magna in decent condition is around the $2000 to $3000 mark, Karen. So depending on what’s wrong with your car, the value in 'poor condition' could be as little as a few hundred dollars. If we’re talking major panel damage, flaking paint, rust and a car that needs new brakes or suspension, you could be looking at the vehicle’s scrap value which would be between $150 and $250 at current rates.

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