In a year and half to two years...
I personally think the resale on Evo's is going to be awful. In 2 years I would think you could find one with 25k miles for under $20k. Not too many people like to buy used Turbo's, and evo owners (as seen on this board) are abusers!!!! but it is fun!!!
Originally posted by Scot
I personally think the resale on Evo's is going to be awful. In 2 years I would think you could find one with 25k miles for under $20k. Not too many people like to buy used Turbo's, and evo owners (as seen on this board) are abusers!!!! but it is fun!!!
I personally think the resale on Evo's is going to be awful. In 2 years I would think you could find one with 25k miles for under $20k. Not too many people like to buy used Turbo's, and evo owners (as seen on this board) are abusers!!!! but it is fun!!!
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Originally posted by Fireball
Are you kidding me? For the last year or two, used GST's or GSX's have been some of the most hottest selling used cars. People are literally lining up for them. I have a feeling, getting an Evo will be like finding a 3000gt VR4.
Are you kidding me? For the last year or two, used GST's or GSX's have been some of the most hottest selling used cars. People are literally lining up for them. I have a feeling, getting an Evo will be like finding a 3000gt VR4.
I highly doubt that. You're talking about a mass produced car which will get higher production numbers. Have you seen the residual on this car? Check out the residual numbers on a lease. The Evo has one of the lowest resale values within the two year ownership.
You're talking about a car which invoices for $26,xxx. All the dummies paying for MSRP are going to get raped come around the next two years. I won't even say anything about people who've paid over MSRP.
As far as the collectability goes for this car...I highly, highly doubt it. You'll be able to get an Evo just as easily as you can purchase WRX's now for invoice.
One of the reasons I got this car was that I think it will hold its value very well! But like alot of things I think im correct on , usually turns out the other way. So I say the EVO has a 65% chance of not holding its value very well. And a 35% chance of it holding its value Very well.
Thats just from my experiences while trying to use my head.
Thats just from my experiences while trying to use my head.
Its a tough one...I honestly dont think the car will hold its value well...but I dont think it'll sink either like the eclipse's of the past for example.
It may sink the first few years...but as Supra's, RX7's and turbo 300zx's....they seemed to level off around the $10-$15k mark....even after all these years.
It may sink the first few years...but as Supra's, RX7's and turbo 300zx's....they seemed to level off around the $10-$15k mark....even after all these years.
Originally posted by evoorsti
I highly doubt that. You're talking about a mass produced car which will get higher production numbers. Have you seen the residual on this car? Check out the residual numbers on a lease. The Evo has one of the lowest resale values within the two year ownership.
You're talking about a car which invoices for $26,xxx. All the dummies paying for MSRP are going to get raped come around the next two years. I won't even say anything about people who've paid over MSRP.
As far as the collectability goes for this car...I highly, highly doubt it. You'll be able to get an Evo just as easily as you can purchase WRX's now for invoice.
I highly doubt that. You're talking about a mass produced car which will get higher production numbers. Have you seen the residual on this car? Check out the residual numbers on a lease. The Evo has one of the lowest resale values within the two year ownership.
You're talking about a car which invoices for $26,xxx. All the dummies paying for MSRP are going to get raped come around the next two years. I won't even say anything about people who've paid over MSRP.
As far as the collectability goes for this car...I highly, highly doubt it. You'll be able to get an Evo just as easily as you can purchase WRX's now for invoice.
There is no history for the EVO's resale value in the U.S.
The EVO is not mass-produced, it is limited in production(on a slowed production line) and likely will continue to be(cost and limited manufacturing space).
Projected depreciation is inaccurate, since it does not include auction prices, which is what's used to determine the actual resale value.
The EVO will not see high production numbers.....Mistubishi is still trying to keep the mystiquqe about the car, aren't there only like 6000 slated for MY2003....that is not a high number...either way 20% of value gone right off the lot, high mileage (cause they are meant to be driven!), I think it might drop off but level out like the other great import cars. 20's to high teens at the least.
time will tell, but with used S2000's, used 350Z's, used STI's, used Evo's, etc..... they will all take a beating.
The Supra's hold their value pretty well right now due to a few things..... they were $40k+ originally and there are not that many cars like them that can be tuned to 600+hp on stock internals......... plus that goofy F&F movie sure helped some too...
the evo is not that unique of a car to hold it's value that well... plus they will probably make as many evo's as they can sell (I would say they are not really limited.... is 6500-7500 really "limited" anyway?).
3000GTVR4's were $40k+ in then end of the run.... they probably sold less than 1000 per year towards the end, so they are fairly rare.
The Supra's hold their value pretty well right now due to a few things..... they were $40k+ originally and there are not that many cars like them that can be tuned to 600+hp on stock internals......... plus that goofy F&F movie sure helped some too...
the evo is not that unique of a car to hold it's value that well... plus they will probably make as many evo's as they can sell (I would say they are not really limited.... is 6500-7500 really "limited" anyway?).
3000GTVR4's were $40k+ in then end of the run.... they probably sold less than 1000 per year towards the end, so they are fairly rare.
Originally posted by evomk8
Please note:
There is no history for the EVO's resale value in the U.S.
The EVO is not mass-produced, it is limited in production(on a slowed production line) and likely will continue to be(cost and limited manufacturing space).
Projected depreciation is inaccurate, since it does not include auction prices, which is what's used to determine the actual resale value.
Please note:
There is no history for the EVO's resale value in the U.S.
The EVO is not mass-produced, it is limited in production(on a slowed production line) and likely will continue to be(cost and limited manufacturing space).
Projected depreciation is inaccurate, since it does not include auction prices, which is what's used to determine the actual resale value.
Yeah, there isn't a history for a lot of first year cars but automotive authorities already dictate how much the car's worth in the long run. And the Evo has a pretty bad residual for a $30K+ car.
And what's with this "limited production" b.s.? IT IS NOT LIMITED! If it was I wouldn't see 6 to 10 Evo's at my closest dealership.
You're just buying into the whole sales pitch. I guarantee Mitsubishi will roll out as many as they can sell. Remember the WRX during it's first year of introduction? The Integra Type R was limited if you need a good example. The NSX is limited in the terms of how many are produced. But it's not limited. And the Evo is nowhere near limited...if it was you'd see one per dealership if even that.



