Used 2020 Mitsubishi Outlander for Sale nearWaterloo, ON

How much does the 2020 Mitsubishi Outlander cost?

Prices have softened 17.88% compared to this time last year, making it a favourable time to shop this model year.

There are 75 listings available, which suggests a modest amount of inventory for shoppers to compare.

Is the 2020 Mitsubishi Outlander a good car?

Yes — the 5/5 user rating points to strong owner satisfaction, and the Outlander’s appeal comes from its third-row seating, relatively sporty handling, and available Apple CarPlay and Android Auto. It also makes sense if you want a practical compact SUV with extra passenger flexibility and a lower used price than some key rivals. With 34.7% of listings marked as good or great deals, you have a meaningful share of the market to shop from.

Is the 2020 Mitsubishi Outlander reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The 2020 Outlander’s overview points to a practical, safety-minded SUV with strong results from both NHTSA and IIHS, plus useful features like the split tailgate and available smartphone integration. Its gas-only setup is straightforward, but the four-cylinder and CVT combination is described as loud and unrefined, so you should pay close attention to service history and how the drivetrain feels on a test drive. For used buyers, the main long-term ownership risk is accepting a less polished powertrain in exchange for lower purchase cost.

Is now a good time to buy a used 2020 Mitsubishi Outlander?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile options.

• Deal availability: 34.7% of listings are priced as good or great deals.
• Inventory: There are 75 listings available.
• Price trend: Prices have softened 17.88% compared with last year.

If you find a listing below $17,647 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 Mitsubishi Outlander's resale value?

The current average of $17,893 CAD sits slightly below last year's $21,790 CAD.

That drop suggests the Outlander is still a value-oriented buy on the used market, but it also means future sellers may face more depreciation pressure than owners of some rivals. If you buy one now, the lower entry price can help offset some of that downside. The current pricing also leaves less room for a dramatic rebound, so resale value is likely to depend more on condition, mileage, and equipment than on market momentum alone.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2020 Mitsubishi Outlander or consider a different year?

If you're weighing the 2020 against nearby model years, here's how to think about it:

Choose the 2020 if:

• 34.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 17.88% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

The bottom line: The 2020 Outlander makes the most sense if you want the newer version of this generation and you value its third-row flexibility, safety reputation, and lower used price. If you are especially price-sensitive, a nearby model year can still be worth considering, but the 2020 is the cleaner choice when you want the strongest mix of value and current-market availability.

How does the 2020 Mitsubishi Outlander compare to the 2020 Honda CR-V?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.