I HAVEN'T reviewed the model you are considering, but be careful about any car you look at. And have it inspected by an expert. Any car of that age will be showing high kilometres, and the TN Magna had troubles with its auto transmission when new. The engine will most likely have a noisy timing chain, and could be blowing smoke.
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The Mitsubishi Magna 1987 prices range from $1,380 for the basic trim level Sedan Elite to $4,070 for the top of the range Wagon Se.