Canada's Last Ever Mitsubishi Lancer Evo Costs Big Bucks

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It's one of only 350 built for the Canadian market.

The Mitsubishi Lancer Evolution left a huge void when it was discontinued back in 2015. Sadly, Mitsubishi has no plans to revive the legendary Japanese sports car to take on the next-generation Subaru Impreza STI, even though shareholders want it to make a comeback. Instead, Mitsubishi is focusing on the lucrative crossover market to recover after the struggling automaker nearly went bankrupt.

This strategy is working well as Mitsubishi's sales are up by 106 percent this year thanks primarily to the 2022 Outlander, giving us hope that the Lancer Evo may return if Mitsubishi can turn around its fortunes. For now, though, the only way to buy a Lancer Evo is to browse the used car classifieds.

Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi

To give the sports car a send-off, Mitsubishi launched the Lancer Evo Final Edition back in 2015. Only 1,600 examples were built in the US with an MSRP of $37,995. One dealer tried to sell the very first example for nearly $90,000. Now, another Mitsubishi dealer in Canada is selling a 2015 example for 147,899 CAD ($118,227 USD).

Only 350 Lancer Evo Final Editions were built for the Canadian market, making it even rarer than the US version - and this is the very last one. With a mere 61 miles on the clock, it's practically brand new and is said to be in "pristine" condition. Finished in white, Canada's last-ever Lancer Evo features a black roof, "Final Edition" badging on the trunk, and rides on a set of BBS wheels.

Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi
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Inside, the interior features red contrast stitching and a special plaque showing the build number, highlighting its exclusivity. Under the hood, the Lancer Evo Final Edition is powered by a 2.0-liter turbocharged inline-four engine producing 303 horsepower and 305 lb-ft of torque, which is sent to all four wheels through a five-speed manual transmission. This is a moderate improvement over the regular Lancer Evo, which generated 291 hp and 300 lb-ft.

As much as we love the Lancer Evo, splashing out nearly $120,000 on one seems absurd considering you can buy a Porsche 911 Carrera S for the same money and still have some spare change left.

Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi
Baywest Mitsubishi

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