Mitsubishi announced the pricing for the company’s all-new 2014 Mitsubishi Mirage 5-door sub-compact.

The 2014 Mitsubishi Mirage will have a starting manufacturer’s suggested retail price (MSRP) of only $12,995. It offers best-in-class fuel economy with an EPA rating of 37 mpg city, 44 mpg highway and 40 mpg combined.

The Mitsubishi Mirage features a seven air bag Supplemental Restraint System (SRS), Active Stability Control (ASC) with Traction Control Logic (TCL), Mitsubishi Motors’ patented Reinforced Impact Safety Evolution (RISE) impact-absorbing safety cell technology, Tire Pressure Monitoring System (TPMS) and convenient Hill Start Assist.

The 2014 Mitsubishi Mirage DE model includes automatic climate control, keyless entry with panic alarm, sporty-looking rear spoiler, upscale piano black center console trim, auto-off halogen headlights, rear heater floor ducts, plus much more.

For only $1,200 more, the 2014 Mirage ES model includes all of the standard features from the DE trim level while adding FAST (Free-hand Advanced Security Transmitter)-key passive entry, One-Touch Start/Stop (OSS) engine switch, Bluetooth hands-free phone system, steering wheel-mounted cruise and audio controls, 14-inch alloy wheels, leather-wrapped steering wheel and shift knob, fog lamps, silver interior accent trim, and other features. What’s more, an available Navigation Package adds helpful features including a SD card-based navigation system and rearview camera system, the company said in a statement.

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