Evo IX used car pricing: Thousands over book value
Jan 14, 2014, 01:54 PM
#16
I paid $19,000 for my pristine 2006 TB Evo IX SE. Car was a one owner (older gentleman) and had 40,000 miles on it and still had the original Advan A046 tires on them, they were worn down but it goes to show how babied the car was. He sold it to me for a 2013 WW Evo X GSR. Here are a few pics of the car the morning after the day I bought it and gave it its first wash. It's just as clean as the day I bought it 
Jan 14, 2014, 02:10 PM
#17
Exactly why do you care, OP? Are you looking to buy one? The only people I see whining about prices are those who want to buy one but don't want to pay what the sellers want for their cars.
And who gives a flying rip about what some book says the car is worth, or what random idiots on the internet think a car is or isn't worth?
Whether a bank will give a loan on it? Again, who cares? If the seller doesn't need to sell, he/she can wait until someone with cash can step up, or with at least enough cash to pay over the amount of the loan that the car is selling for.
Simple economics dictates pricing. First, the car is relatively rare and there aren't many for sale at any given time. How many IX's are for sale on autotrader.com at this moment? Second, if the car isn't selling in the marketplace, the seller only need to drop the price (assuming they really need to get rid of it). If the seller isn't broke and doesn't need to sell it, then they can easily let the car sit at their asking price until it does sell. Someone will eventually lose patience and buy it anyway.
How many people bought a X when they would've rather bought a nice IX if they could find one? More than 1.
And who gives a flying rip about what some book says the car is worth, or what random idiots on the internet think a car is or isn't worth?
Whether a bank will give a loan on it? Again, who cares? If the seller doesn't need to sell, he/she can wait until someone with cash can step up, or with at least enough cash to pay over the amount of the loan that the car is selling for.
Simple economics dictates pricing. First, the car is relatively rare and there aren't many for sale at any given time. How many IX's are for sale on autotrader.com at this moment? Second, if the car isn't selling in the marketplace, the seller only need to drop the price (assuming they really need to get rid of it). If the seller isn't broke and doesn't need to sell it, then they can easily let the car sit at their asking price until it does sell. Someone will eventually lose patience and buy it anyway.
How many people bought a X when they would've rather bought a nice IX if they could find one? More than 1.
Jan 14, 2014, 02:12 PM
#18
I paid $19,000 for my pristine 2006 TB Evo IX SE. Car was a one owner (older gentleman) and had 40,000 miles on it and still had the original Advan A046 tires on them, they were worn down but it goes to show how babied the car was. He sold it to me for a 2013 WW Evo X GSR. Here are a few pics of the car the morning after the day I bought it and gave it its first wash. It's just as clean as the day I bought it
Jan 14, 2014, 02:34 PM
#21
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Blue book is completely irrelevant when dealing with specialty vehicles. If I sold my IX I'd post it for 20-21k probably with 65k miles. If someone thinks its too high then they can go buy the next evo for 17k... Wait, that one doesn't exist in good condition.
Same thing with my Jeep GC CRD. Book says its only worth 16k, yet there are none for sale in my area so why would I price it to that point.
It just comes down to what you can get for it. Why price it lower to conform to a silly book when people will pay more.
Same thing with my Jeep GC CRD. Book says its only worth 16k, yet there are none for sale in my area so why would I price it to that point.
It just comes down to what you can get for it. Why price it lower to conform to a silly book when people will pay more.
Last edited by villarrs; Jan 14, 2014 at 02:35 PM. Reason: add pic
Jan 14, 2014, 03:37 PM
#25
It depends what part of the country you're in. I just bought a GG Viii MR with 65K miles and clean title for 20k (and I talked him down 2k). The car also had a few upgrades. But I looked for Evo 8's and 9's for months around the entire west coast and I know based off of those prices I got a great deal. Those generations are becoming hard to find in good condition, all the ones that I saw had a ton of aftermarket work done, looked like garbage, or were racked with miles.
I want to keep mine fairly stock, clean, and attempt keeping the miles low so that when I go to sell I might not lose that much money (if any) at all.
Because of the high production of the X, it has made the clean 8/9's more valuable.
I want to keep mine fairly stock, clean, and attempt keeping the miles low so that when I go to sell I might not lose that much money (if any) at all.
Because of the high production of the X, it has made the clean 8/9's more valuable.
Jan 14, 2014, 03:38 PM
#26
Jan 14, 2014, 03:56 PM
#27
I know this is specifically for IX's, however considering the 05's are technically eve VIII.5's I'll include. I bought mine in July of 2012 with 104,000 for $17,500. It's an 05 Evo VIII GSR SSL in TB, and was (still) in amazing condition. I have 50+ pages of factory dealership maintenance from the original owner, and the car was 100% bone stock when I purchased it. Not even a drop in filter. The seller originally wanted $19,000 for it which I was thought was over priced so I was able to talk him down a bit. The IX's were the last "real" Evo in my opinion (which doesn't mean anything) but I do not think they are worth what many are asking for them, regardless of how "rare" they are. If you manage to find one with less than 30k miles, than sure, but not worth $20k+ for a high milage IX.
These were taken after almost two years of me owning it, so there are NOW mods done.
These were taken after almost two years of me owning it, so there are NOW mods done.
Last edited by McSlides; Jan 14, 2014 at 04:05 PM.
Jan 14, 2014, 04:07 PM
#28
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I bought my GG IX MR for 18k in 2011 90k miles on it. Just minor bolt ons for it. Also did a partial trade with my old car worth 6k. Its crazy to see the price fluctuations within this thread!
Jan 14, 2014, 05:06 PM
#30
I paid $19,000 for my pristine 2006 TB Evo IX SE. Car was a one owner (older gentleman) and had 40,000 miles on it and still had the original Advan A046 tires on them, they were worn down but it goes to show how babied the car was. He sold it to me for a 2013 WW Evo X GSR. Here are a few pics of the car the morning after the day I bought it and gave it its first wash. It's just as clean as the day I bought it