Mitsubishi Lancer Evolution IV
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Mitsubishi

Lancer Evolution IV

1996-1998AWD
276 hp
0-100 in 5.1s
๐Ÿ“– Buyer's Guide

About the Mitsubishi Lancer Evolution IV

The Evolution IV moved the Evo onto the new CN9A Lancer platform and introduced the technology that defined the rest of the line: Active Yaw Control, which uses a hydraulic clutch pack in the rear differential to send torque to the outside wheel and steer the car with the throttle. Power hit the 276 hp agreement limit and the twin-scroll turbo arrived.

HOW DOES IT SCORE?

Reliability74/100
Economy50/100
Insurance Cost70/100
Import Price72/100
Maintenance72/100
Practicality62/100
Parts Availability68/100

Maintenance & Reliability

Wrenching Headache Rating
6/10 ยท Moderate DIY

4G63T plus active diffs start appearing โ€” service complexity rises.

Technical Specs

Engine

2.0L Turbo (4G63)

Drivetrain

AWD

Horsepower

276 hp

Torque

353 Nm

Weight

1350 kg

0-100 km/t

5.1s

Production Years

1996-1998

Investment Grade

C

MARKET ANALYSIS ๐Ÿ“ˆ

๐Ÿ‡บ๐Ÿ‡ธ USD

$32,133

๐Ÿ‡ช๐Ÿ‡บ โ‚ฌ29,480

๐Ÿ“… Last 12 monthsโ–ผ -11%
๐Ÿ“† Last 5 yearsโ–ฒ +10%

Price history

$29,212
2021
$30,935
2022
$32,658
2023
$34,382
2024
$36,105
2025
$32,133
2026
C

Investment Grade ยท Accessible

The Mitsubishi Lancer Evolution IV (1996-1998) is firmly a driver's car in market terms. With bulletproof reliability (74/10) that owners routinely daily-drive and low running costs (72/10 maintenance), plus parts remain widely available (68/10), the AWD layout stays usable day-to-day. Values have corrected downward (-11.0% over 12 months) and a rarity score of 38/100 means there is usually plenty of choice on the market, which means there is little pressure to overpay โ€” walk away from rough cars and let the next one come along. Buy it to drive, not to flip.

Price estimates are based on market research and recent sales data. Values fluctuate based on condition, mileage, and market demand. Not financial advice.

Owner Reviews

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