Why is the 2024 Mitsubishi Mirage G4 Priced Similarly to the 2024 Nissan Versa?

The Mitsubishi Mirage G4 and Nissan Versa are two popular choices in the sub-$20,000 economy car market. With the departure of the Kia Rio in 2023, these two vehicles stand out as budget-friendly options for car shoppers. However, despite their similar price points, the 2024 Nissan Versa offers more power, affordability, and a more engaging driving experience compared to the Mitsubishi Mirage G4.

The 2024 Mitsubishi Mirage G4, powered by a 1.2L inline-three cylinder engine, produces just 78 horsepower, making it the most anemic vehicle on the market. In contrast, the 2024 Nissan Versa boasts 122 horsepower and 114 lb-ft of torque, providing a more spirited driving performance. Additionally, the Versa offers better fuel economy with 32 city and 40 highway MPG compared to the Mirage G4’s 36 city and 43 highway MPG.

In terms of pricing, the Nissan Versa starts at $16,290, while the Mitsubishi Mirage G4 starts at $17,795. However, the actual costs may vary, with the Versa typically priced around $17,820 and the Mirage G4 around $19,115 in base-model trim. Despite this, the Mirage G4 does come with a five-year, 60,000-mile basic warranty, offering more peace of mind for buyers compared to the Versa’s three-year, 36,000-mile coverage.

Ultimately, the 2024 Nissan Versa emerges as the more powerful, affordable, and enjoyable option in the budget-friendly sedan segment. Its combination of performance, price, and features make it a compelling choice for drivers looking for a wallet-friendly yet engaging driving experience. On the other hand, while the Mitsubishi Mirage G4 may offer better fuel economy and a longer warranty, it falls short in terms of power, driving dynamics, and overall value when compared to the Nissan Versa.

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