EVO 8 & 9 in used market now that EVO 10 arrived?
here is my link for the same thing, i posted the same thing--->
https://www.evolutionm.net/forums/sh...d.php?t=310219
https://www.evolutionm.net/forums/sh...d.php?t=310219
I wanna get some more VIII's and IX's because YES they will be collectors items! Look at all turbo performance cars that aged. You cant touch a 1999 eclipse gsx with out having to spend over $10,000 and that thing is almost 10 years old and has NOTHING on the Evo. Im keepin my evo till I die and it will be money in the bank! 
here is my link for the same thing, i posted the same thing--->
https://www.evolutionm.net/forums/sh...d.php?t=310219
https://www.evolutionm.net/forums/sh...d.php?t=310219
Similarly, compared to contemporaries of similar value, 2006 IX's seem to do quite well against cars with similar new car prices of the same vintage and mileage. For instance, a 2006 Audi A4 2.0T S-line with manual transmission and a new sticker of around $41K costs around $26K used with 20K miles, whereas an MR with a sticker price of around $37k is still worth around $29-$30K. Non MR's seem to do even better, stickering around $26K for a car that was $32K new. For a more frightening example of poor resale, a 2005 Mercedes E500, with a new sticker price of $65K, sells for under $30K in the bay area today even with a year of remaining factory warranty. If you had purchased a 2005 Evo, you could sell it today for $23K, paid an extra $5K for a benz and end up with the same car that someone paid $65K for, whereas your outlay was only $37K (original purchase price of the Evo + $5K). This is apples and oranges, but my point is depreciation is wildly variable.
Usually cars depreciate a lot in their first year, less in the second and third years, then fall once the new car warranties are up. Since the 2005 and 2006 models have 5/60K warranties, a 4 year old Evo has 12K of warranty left, whereas a 4 year old BMW or Infiniti is just out of warranty, and the Subaru lost its warranty a full year earlier. This will drive some retention of value for 4-5 year old cars in stock condition as this is a huge selling point for potential buyers.
After 5 years, they will see a fall in value, but good examples may bottom out at around $12K or so and may increase as nostalgia for the "purer" VIII and IX increases. We saw this with 993 porsches, which are worth more now than they were 7 years ago with the introduction of the 996. The 996 temporarily depressed values of the 993 as people traded in their cars, but history has been kinder to the older car, and now a 993 is worth much more than a 996, despite being several years older and objectively an inferior car. As an example, 1996 911 Turbos sell for between $65 and $75K in the bay area, whereas 2001 911 turbos sell for slightly less with lower miles. The 2001 is a superior performing car but lacks the intangibles of the older car. A 1999 Carrera 4 (996) with only 19K miles was listed for $37K recently, whereas a 1996 C4S with the older bodystyle sold for $47K.
This is all speculation but I see no reason to believe that IX resale values will be adversely affected by the introduction of the X- it's a substantially different car. Remember that the Evo is a specialty car, made in limited numbers, for a niche market. Very few cars are an "investment" but my experience has taught me that I lose far less money on my Evo than I would if I had purchased a BMW or Audi.
The Evo is much more like a EG6 Civic Hatchback or MR2 turbo than it is like a BMW 3-series. People develop emotional attachments to these cars and nostalgia can play a large part in keeping resale values strong. And for a third party datapoint- Forbes has named the Evo as one of the sedans that is best at retaining value.
Last edited by osunick; Jan 19, 2008 at 11:01 AM.
Evolving Member
Joined: Oct 2007
Posts: 192
Likes: 0
From: Utah
Evolved Member
Joined: Apr 2006
Posts: 791
Likes: 4
From: california, bay area
i've already seen 03 8s for 19-22k . it'll hold value better than your average car, but unless it's a oneoff or special factory edition, the car will depreciate. mine is bone stock with 33000 miles, (05 gsr eb), never raced or abused, paid $30k out the door in feb. 06, and i can get 21-23k for it now.
Thread Starter
Newbie
Joined: Dec 2006
Posts: 16
Likes: 0
From: Utah
I will offer some hope, just as an alternative viewpoint. You should expect the IX to depreciate just like any used car does, however, if you live in an area where the Evo is in demand, you'll see less depreciation than most. In car-crazy California, I sold my VIII with 36K miles on it for $21K back in 2006. I bought the car for $30K in 2003 almost 3 years earlier. $9K of depreciation after 3 years isn't bad at all.
Similarly, compared to contemporaries of similar value, 2006 IX's seem to do quite well against cars with similar new car prices of the same vintage and mileage. For instance, a 2006 Audi A4 2.0T S-line with manual transmission and a new sticker of around $41K costs around $26K used with 20K miles, whereas an MR with a sticker price of around $37k is still worth around $29-$30K. Non MR's seem to do even better, stickering around $26K for a car that was $32K new. For a more frightening example of poor resale, a 2005 Mercedes E500, with a new sticker price of $65K, sells for under $30K in the bay area today even with a year of remaining factory warranty. If you had purchased a 2005 Evo, you could sell it today for $23K, paid an extra $5K for a benz and end up with the same car that someone paid $65K for, whereas your outlay was only $37K (original purchase price of the Evo + $5K). This is apples and oranges, but my point is depreciation is wildly variable.
Usually cars depreciate a lot in their first year, less in the second and third years, then fall once the new car warranties are up. Since the 2005 and 2006 models have 5/60K warranties, a 4 year old Evo has 12K of warranty left, whereas a 4 year old BMW or Infinity is just out of warranty, and the Subaru lost its warranty a full year earlier. This will drive some retention of value for 4-5 year old cars in stock condition as this is a huge selling point for potential buyers.
After 5 years, they will see a fall in value, but good examples may bottom out at around $12K or so and may increase as nostalgia for the "purer" VIII and IX increases. We saw this with 993 porsches, which are worth more now than they were 7 years ago with the introduction of the 996. The 996 temporarily depressed values of the 993 as people traded in their cars, but history has been kinder to the older car, and now a 993 is worth much more than a 996, despite being several years older and objectively an inferior car. As an example, 1996 911 Turbos sell for between $65 and $75K in the bay area, whereas 2001 911 turbos sell for slightly less with lower miles. The 2001 is a superior performing car but lacks the intangibles of the older car. A 1999 Carrera 4 (996) with only 19K miles was listed for $37K recently, whereas a 1996 C4S with the older bodystyle sold for $47K.
This is all speculation but I see no reason to believe that IX resale values will be adversely affected by the introduction of the X- it's a substantially different car. Remember that the Evo is a specialty car, made in limited numbers, for a niche market. Very few cars are an "investment" but my experience has taught me that I lose far less money on my Evo than I would if I had purchased a BMW or Audi.
The Evo is much more like a EG6 Civic Hatchback or MR2 turbo than it is like a BMW 3-series. People develop emotional attachments to these cars and nostalgia can play a large part in keeping resale values strong. And for a third party datapoint- Forbes has named the Evo as one of the sedans that is best at retaining value.
Similarly, compared to contemporaries of similar value, 2006 IX's seem to do quite well against cars with similar new car prices of the same vintage and mileage. For instance, a 2006 Audi A4 2.0T S-line with manual transmission and a new sticker of around $41K costs around $26K used with 20K miles, whereas an MR with a sticker price of around $37k is still worth around $29-$30K. Non MR's seem to do even better, stickering around $26K for a car that was $32K new. For a more frightening example of poor resale, a 2005 Mercedes E500, with a new sticker price of $65K, sells for under $30K in the bay area today even with a year of remaining factory warranty. If you had purchased a 2005 Evo, you could sell it today for $23K, paid an extra $5K for a benz and end up with the same car that someone paid $65K for, whereas your outlay was only $37K (original purchase price of the Evo + $5K). This is apples and oranges, but my point is depreciation is wildly variable.
Usually cars depreciate a lot in their first year, less in the second and third years, then fall once the new car warranties are up. Since the 2005 and 2006 models have 5/60K warranties, a 4 year old Evo has 12K of warranty left, whereas a 4 year old BMW or Infinity is just out of warranty, and the Subaru lost its warranty a full year earlier. This will drive some retention of value for 4-5 year old cars in stock condition as this is a huge selling point for potential buyers.
After 5 years, they will see a fall in value, but good examples may bottom out at around $12K or so and may increase as nostalgia for the "purer" VIII and IX increases. We saw this with 993 porsches, which are worth more now than they were 7 years ago with the introduction of the 996. The 996 temporarily depressed values of the 993 as people traded in their cars, but history has been kinder to the older car, and now a 993 is worth much more than a 996, despite being several years older and objectively an inferior car. As an example, 1996 911 Turbos sell for between $65 and $75K in the bay area, whereas 2001 911 turbos sell for slightly less with lower miles. The 2001 is a superior performing car but lacks the intangibles of the older car. A 1999 Carrera 4 (996) with only 19K miles was listed for $37K recently, whereas a 1996 C4S with the older bodystyle sold for $47K.
This is all speculation but I see no reason to believe that IX resale values will be adversely affected by the introduction of the X- it's a substantially different car. Remember that the Evo is a specialty car, made in limited numbers, for a niche market. Very few cars are an "investment" but my experience has taught me that I lose far less money on my Evo than I would if I had purchased a BMW or Audi.
The Evo is much more like a EG6 Civic Hatchback or MR2 turbo than it is like a BMW 3-series. People develop emotional attachments to these cars and nostalgia can play a large part in keeping resale values strong. And for a third party datapoint- Forbes has named the Evo as one of the sedans that is best at retaining value.
I've been looking at FD3S RX-7 turbos and they are around $15k stock, more if modified.
Chris
Evolved Member
Joined: Dec 2006
Posts: 607
Likes: 0
From: R-Town
Nothing IMO compares to the evo 8 and 9.. That new X that looks like a volvo has more added features to it than necessary.. The evo VIII is a simple purpose built performance car. I am no fan of the X and ill collect a garage full of 8's just incase they become extinct.. I have 3 so far..
