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Evo sales & depreciation predictions

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Old May 8, 2005 | 11:10 PM
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EvoInGR's Avatar
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Question Evo sales & depreciation predictions

I was wondering if any of you guys have studied the depreciation of the Evo since its US introduction in 2003. I believe the MSRP on a 2003 was appx $28,600 and you can find them now for as low as $20k with higher mileage.
I'm just wondering if this can be graphed out linearly to make predictions. I saw a used MR for sale tonight, asking $31,000. Who can predict when the '05 MR will be going for $25k ? 6 months, 12, 18 ?
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Old May 8, 2005 | 11:38 PM
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i find low miles 03 for 23-24. Evos are one of the lowest depreciating cars due to limited quantity. Only a few are made a year.
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Old May 8, 2005 | 11:51 PM
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http://money.cnn.com/pf/features/pop...1.exclude.html
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Old May 9, 2005 | 03:30 AM
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i think it'll be like the s2000.

i think the need for the used evo's going to be overwhelming. Which will help depreciation low and resell value up.
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Old May 12, 2005 | 01:31 PM
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probably 2 years
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Old May 12, 2005 | 02:14 PM
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Originally Posted by silvery_eagle
that's a good guideline, but i think the MR will hold its value a bit better than the base evo models. all the cars listed in there have the 2 year depreciation of 68% so from what i've seen at the local dealers, MR's have a sticker price of $34,000ish, so if you are able to find a used one i'd say it will go for about $25k in 18-24 months depending on mileage, etc.
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Old May 12, 2005 | 02:15 PM
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i got 22200 for a trade on my 03 with 24k miles if that helps at all
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Old May 12, 2005 | 02:33 PM
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I was recently at a Auto auction in Pa. with a friend, I saw two 03 evo sell for mid to high 22s, and low 23k One was BBY other Yellow with blue/black pinstripes with exhaust, lowered , and a CEL lit on the dash.
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Old May 12, 2005 | 02:54 PM
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Im thinking about selling mine with a little over 50K.. im wondering what i will be able to sell for. KBB is saying 21K in norcal area. Im thinking there will be lots of people that will be willing to jump into a used evo for 20K. Huge difference between 20K and 30K. Im thinking there will be plenty of people that will pass up on a new 20K car to get a used evo. So im hoping I could sell for are 21 and get into a IX.
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