How much is my Evo worth? Mega merge.
Q8, I'm kinda in the same boat. Just got me an SV650 and currently contemplating selling the EVO. Hmmmmmmm... decisions, decisions.
tk
[QUOTE=Q8_EVO;5966587]reason why am thinking of selling the car is my new DD
tk
[QUOTE=Q8_EVO;5966587]reason why am thinking of selling the car is my new DD
Newbie
Joined: Aug 2008
Posts: 5
Likes: 0
From: santa barbara, ca
Evo Evalutation
While my EVO's yet to arrive, I'd like to weigh in on this thread. I've been an import dealer and automotive / motorcycle salesman so know how the game works: some ground rules if you're buying, trading or switching.......
1: Banks/loan officiers don't like to loan money on cars much over five years old and/or cars out of warranty....especially in a tight credit market.
2: The EVO customer base is THIN.....very thin, with appeal to a limited group of potential buyers..
3: The EVO is 180 out of sync with general customer needs in a radically changing marketplace.....power vs. economy
4: Accessories not found in the guide books (Kelly, Edmunds, etc.) can not be financed as part of a normal car loan: you may have paid $4000 for your Ohlins coilovers or Cosworth head but it doesn't add to the loan value of the car.
5: Never trade a car in for another car.....you are not trading -- the dealer is buying your car so you can buy his car.......do you think a car dealer pays retail when he buys cars? Of course not! expect a 30/40% drop if you bought the car yesterday: The first 10-12% is your tax/licence money the dealer sent the state the minute you drove off the lot.....
A couple examples:
You've got an '03 with loads of tweeks, perfect shape, killer fast, and are hoping to get $29,000......the bank's going to look at it (if they even will) as a $15000 car with no warranty (remember, load officers don't know from 'coilovers').....hard to finance......this makes your potential buyer a guy walking around with $29K in his bank account looking for a used car.......a hard to find customer because if he has this much cash, he likely also has good credit and income to go buy a new or warrantied example......
You've built the car of your dreams: a IX dripping with just the right kit, got in over your head and have 'invested' 75-large -- no longer in warranty because of the mod's, you're hoping to get 50K for the car or about 22-24 over book value......again, you need that rare buyer, the guy with cash in his pocket to spend in a down economy and job market.....and a guy with enough cash/credit to buy a new M3....getting 50 back out of your 75 will make you a super salesman or just lucky....
You've got a stock, cherry IX with the right miles .... all you need here is a buyer with desire and a pulse......close him and get on with it......spending money on modifications is money that has to be enjoyed by the guy doing the mod'ding cause you don't get .25 on the dollar when it comes time to sell.......
Bruce
1: Banks/loan officiers don't like to loan money on cars much over five years old and/or cars out of warranty....especially in a tight credit market.
2: The EVO customer base is THIN.....very thin, with appeal to a limited group of potential buyers..
3: The EVO is 180 out of sync with general customer needs in a radically changing marketplace.....power vs. economy
4: Accessories not found in the guide books (Kelly, Edmunds, etc.) can not be financed as part of a normal car loan: you may have paid $4000 for your Ohlins coilovers or Cosworth head but it doesn't add to the loan value of the car.
5: Never trade a car in for another car.....you are not trading -- the dealer is buying your car so you can buy his car.......do you think a car dealer pays retail when he buys cars? Of course not! expect a 30/40% drop if you bought the car yesterday: The first 10-12% is your tax/licence money the dealer sent the state the minute you drove off the lot.....
A couple examples:
You've got an '03 with loads of tweeks, perfect shape, killer fast, and are hoping to get $29,000......the bank's going to look at it (if they even will) as a $15000 car with no warranty (remember, load officers don't know from 'coilovers').....hard to finance......this makes your potential buyer a guy walking around with $29K in his bank account looking for a used car.......a hard to find customer because if he has this much cash, he likely also has good credit and income to go buy a new or warrantied example......
You've built the car of your dreams: a IX dripping with just the right kit, got in over your head and have 'invested' 75-large -- no longer in warranty because of the mod's, you're hoping to get 50K for the car or about 22-24 over book value......again, you need that rare buyer, the guy with cash in his pocket to spend in a down economy and job market.....and a guy with enough cash/credit to buy a new M3....getting 50 back out of your 75 will make you a super salesman or just lucky....
You've got a stock, cherry IX with the right miles .... all you need here is a buyer with desire and a pulse......close him and get on with it......spending money on modifications is money that has to be enjoyed by the guy doing the mod'ding cause you don't get .25 on the dollar when it comes time to sell.......
Bruce
Last edited by funhouse; Aug 14, 2008 at 06:52 AM. Reason: spelling
Newbie
Joined: Sep 2007
Posts: 28
Likes: 0
From: Cleveland
Alright guys I need your help. Selling my 03 VIII. Specs are as follows:
56K
Weightless White w/ moonroof
Short throw shifter
Tein springs
Painted the stockers black
Big Al tune
Shep Trans stage 2 Transfer Case (BIG MONEY!!!)
Greddy Turbo Timer
C/F gauge overlay.
No engine mods or exhaust
I am hoping to get 20K. Do you think I am in the ballpark? Let me know if I am right on or if I am crazy. Thanks guys!!!
56K
Weightless White w/ moonroof
Short throw shifter
Tein springs
Painted the stockers black
Big Al tune
Shep Trans stage 2 Transfer Case (BIG MONEY!!!)
Greddy Turbo Timer
C/F gauge overlay.
No engine mods or exhaust
I am hoping to get 20K. Do you think I am in the ballpark? Let me know if I am right on or if I am crazy. Thanks guys!!!
Newbie
Joined: May 2007
Posts: 41
Likes: 0
From: Wheaton, IL
While my EVO's yet to arrive, I'd like to weigh in on this thread. I've been an import dealer and automotive / motorcycle salesman so know how the game works: some ground rules if you're buying, trading or switching.......
1: Banks/loan officiers don't like to loan money on cars much over five years old and/or cars out of warranty....especially in a tight credit market.
2: The EVO customer base is THIN.....very thin, with appeal to a limited group of potential buyers..
3: The EVO is 180 out of sync with general customer needs in a radically changing marketplace.....power vs. economy
4: Accessories not found in the guide books (Kelly, Edmunds, etc.) can not be financed as part of a normal car loan: you may have paid $4000 for your Ohlins coilovers or Cosworth head but it doesn't add to the loan value of the car.
5: Never trade a car in for another car.....you are not trading -- the dealer is buying your car so you can buy his car.......do you think a car dealer pays retail when he buys cars? Of course not! expect a 30/40% drop if you bought the car yesterday: The first 10-12% is your tax/licence money the dealer sent the state the minute you drove off the lot.....
A couple examples:
You've got an '03 with loads of tweeks, perfect shape, killer fast, and are hoping to get $29,000......the bank's going to look at it (if they even will) as a $15000 car with no warranty (remember, load officers don't know from 'coilovers').....hard to finance......this makes your potential buyer a guy walking around with $29K in his bank account looking for a used car.......a hard to find customer because if he has this much cash, he likely also has good credit and income to go buy a new or warrantied example......
You've built the car of your dreams: a IX dripping with just the right kit, got in over your head and have 'invested' 75-large -- no longer in warranty because of the mod's, you're hoping to get 50K for the car or about 22-24 over book value......again, you need that rare buyer, the guy with cash in his pocket to spend in a down economy and job market.....and a guy with enough cash/credit to buy a new M3....getting 50 back out of your 75 will make you a super salesman or just lucky....
You've got a stock, cherry IX with the right miles .... all you need here is a buyer with desire and a pulse......close him and get on with it......spending money on modifications is money that has to be enjoyed by the guy doing the mod'ding cause you don't get .25 on the dollar when it comes time to sell.......
Bruce
1: Banks/loan officiers don't like to loan money on cars much over five years old and/or cars out of warranty....especially in a tight credit market.
2: The EVO customer base is THIN.....very thin, with appeal to a limited group of potential buyers..
3: The EVO is 180 out of sync with general customer needs in a radically changing marketplace.....power vs. economy
4: Accessories not found in the guide books (Kelly, Edmunds, etc.) can not be financed as part of a normal car loan: you may have paid $4000 for your Ohlins coilovers or Cosworth head but it doesn't add to the loan value of the car.
5: Never trade a car in for another car.....you are not trading -- the dealer is buying your car so you can buy his car.......do you think a car dealer pays retail when he buys cars? Of course not! expect a 30/40% drop if you bought the car yesterday: The first 10-12% is your tax/licence money the dealer sent the state the minute you drove off the lot.....
A couple examples:
You've got an '03 with loads of tweeks, perfect shape, killer fast, and are hoping to get $29,000......the bank's going to look at it (if they even will) as a $15000 car with no warranty (remember, load officers don't know from 'coilovers').....hard to finance......this makes your potential buyer a guy walking around with $29K in his bank account looking for a used car.......a hard to find customer because if he has this much cash, he likely also has good credit and income to go buy a new or warrantied example......
You've built the car of your dreams: a IX dripping with just the right kit, got in over your head and have 'invested' 75-large -- no longer in warranty because of the mod's, you're hoping to get 50K for the car or about 22-24 over book value......again, you need that rare buyer, the guy with cash in his pocket to spend in a down economy and job market.....and a guy with enough cash/credit to buy a new M3....getting 50 back out of your 75 will make you a super salesman or just lucky....
You've got a stock, cherry IX with the right miles .... all you need here is a buyer with desire and a pulse......close him and get on with it......spending money on modifications is money that has to be enjoyed by the guy doing the mod'ding cause you don't get .25 on the dollar when it comes time to sell.......
Bruce
Perfectly said
. Mods are never an "investment" in a car.
Newbie
Joined: Aug 2008
Posts: 5
Likes: 0
From: santa barbara, ca
While my EVO's yet to arrive, I'd like to weigh in on this thread. I've been an import dealer and automotive / motorcycle salesman so know how the game works: some ground rules if you're buying, trading or switching.......
1: Banks/loan officiers don't like to loan money on cars much over five years old and/or cars out of warranty....especially in a tight credit market.
2: The EVO customer base is THIN.....very thin, with appeal to a limited group of potential buyers..
3: The EVO is 180 out of sync with general customer needs in a radically changing marketplace.....power vs. economy
4: Accessories not found in the guide books (Kelly, Edmunds, etc.) can not be financed as part of a normal car loan: you may have paid $4000 for your Ohlins coilovers or Cosworth head but it doesn't add to the loan value of the car.
5: Never trade a car in for another car.....you are not trading -- the dealer is buying your car so you can buy his car.......do you think a car dealer pays retail when he buys cars? Of course not! expect a 30/40% drop if you bought the car yesterday: The first 10-12% is your tax/licence money the dealer sent the state the minute you drove off the lot.....
A couple examples:
You've got an '03 with loads of tweeks, perfect shape, killer fast, and are hoping to get $29,000......the bank's going to look at it (if they even will) as a $15000 car with no warranty (remember, load officers don't know from 'coilovers').....hard to finance......this makes your potential buyer a guy walking around with $29K in his bank account looking for a used car.......a hard to find customer because if he has this much cash, he likely also has good credit and income to go buy a new or warrantied example......
You've built the car of your dreams: a IX dripping with just the right kit, got in over your head and have 'invested' 75-large -- no longer in warranty because of the mod's, you're hoping to get 50K for the car or about 22-24 over book value......again, you need that rare buyer, the guy with cash in his pocket to spend in a down economy and job market.....and a guy with enough cash/credit to buy a new M3....getting 50 back out of your 75 will make you a super salesman or just lucky....
You've got a stock, cherry IX with the right miles .... all you need here is a buyer with desire and a pulse......close him and get on with it......spending money on modifications is money that has to be enjoyed by the guy doing the mod'ding cause you don't get .25 on the dollar when it comes time to sell.......
Bruce
1: Banks/loan officiers don't like to loan money on cars much over five years old and/or cars out of warranty....especially in a tight credit market.
2: The EVO customer base is THIN.....very thin, with appeal to a limited group of potential buyers..
3: The EVO is 180 out of sync with general customer needs in a radically changing marketplace.....power vs. economy
4: Accessories not found in the guide books (Kelly, Edmunds, etc.) can not be financed as part of a normal car loan: you may have paid $4000 for your Ohlins coilovers or Cosworth head but it doesn't add to the loan value of the car.
5: Never trade a car in for another car.....you are not trading -- the dealer is buying your car so you can buy his car.......do you think a car dealer pays retail when he buys cars? Of course not! expect a 30/40% drop if you bought the car yesterday: The first 10-12% is your tax/licence money the dealer sent the state the minute you drove off the lot.....
A couple examples:
You've got an '03 with loads of tweeks, perfect shape, killer fast, and are hoping to get $29,000......the bank's going to look at it (if they even will) as a $15000 car with no warranty (remember, load officers don't know from 'coilovers').....hard to finance......this makes your potential buyer a guy walking around with $29K in his bank account looking for a used car.......a hard to find customer because if he has this much cash, he likely also has good credit and income to go buy a new or warrantied example......
You've built the car of your dreams: a IX dripping with just the right kit, got in over your head and have 'invested' 75-large -- no longer in warranty because of the mod's, you're hoping to get 50K for the car or about 22-24 over book value......again, you need that rare buyer, the guy with cash in his pocket to spend in a down economy and job market.....and a guy with enough cash/credit to buy a new M3....getting 50 back out of your 75 will make you a super salesman or just lucky....
You've got a stock, cherry IX with the right miles .... all you need here is a buyer with desire and a pulse......close him and get on with it......spending money on modifications is money that has to be enjoyed by the guy doing the mod'ding cause you don't get .25 on the dollar when it comes time to sell.......
Bruce
What's it worth?
Hopefully this isn't a repost, but my internet fails where I am typing this.
To try and make a long story short (as short as possible) I bought a used 04 black Evolution with the speed sound and leather package from a big dealership in Illinois just over two years ago. Short story I tried to get my money back for the car because I found out two days later that the car had been in an accident and repaired and they told me it had not been in one (and I am no bodyshop expert or mechanic, so it's hard to tell unless you are). They wouldnt take it back so it became a big lawsuit mess and is just finishing up now two years later. Regardless of what happens I want to sell the car.
The car was bought with 29000 miles on it, and now has only 32700 miles on it because I had it garage stored for all the two years until 2 months ago when I got sick of paying for two cars. The car runs and drives pretty well actually, well enough to fool me and looks good enough to fool me (the average person). It would drive great with some new wheel bearings and tires and possibly some new brake pads or brake job (all done from previous guy). So anywho, the car should be worth 20k to 21k with the low miles on it depending on where you get your info from. But given it has been in an accident, but it does have a clean title and needs some repairs, i was thinking pricing it at: 15k to 16k. Like I said it does look pretty good and drives pretty good. It would be tough to tell it was in an accident if you didn't know what to look for.
Think I can get that much for a relatively good car?
Thanks for any help/comments (constructive I hope).
To try and make a long story short (as short as possible) I bought a used 04 black Evolution with the speed sound and leather package from a big dealership in Illinois just over two years ago. Short story I tried to get my money back for the car because I found out two days later that the car had been in an accident and repaired and they told me it had not been in one (and I am no bodyshop expert or mechanic, so it's hard to tell unless you are). They wouldnt take it back so it became a big lawsuit mess and is just finishing up now two years later. Regardless of what happens I want to sell the car.
The car was bought with 29000 miles on it, and now has only 32700 miles on it because I had it garage stored for all the two years until 2 months ago when I got sick of paying for two cars. The car runs and drives pretty well actually, well enough to fool me and looks good enough to fool me (the average person). It would drive great with some new wheel bearings and tires and possibly some new brake pads or brake job (all done from previous guy). So anywho, the car should be worth 20k to 21k with the low miles on it depending on where you get your info from. But given it has been in an accident, but it does have a clean title and needs some repairs, i was thinking pricing it at: 15k to 16k. Like I said it does look pretty good and drives pretty good. It would be tough to tell it was in an accident if you didn't know what to look for.
Think I can get that much for a relatively good car?
Thanks for any help/comments (constructive I hope).
Newbie
Joined: Aug 2008
Posts: 5
Likes: 0
From: santa barbara, ca
Update on performance car values:
The entire car/motorcycle business is in the toilet.....save Vespa dealers, of course.....Porsche retail sales were off 45% last month from a year ago.......you can imagine how that translates down thru the entire performance car field......Bruce
Yea i know, i just sold my 03 rsx type s, and it went for like a grand or two less than it should've, but Evolutions are still pretty rare around here and in demand with AWD (minnesota that is). So I am just wondering if 15k is reasonable in your guys' opinions.
Nice pickup.
Anyone agree/disagree with my pricing on my car? Any direction would be nice to help me when I try to sell this thing.
Thanks for any information.
edit: I see you are in Minnesota, nice. Which evo did you pick up? the silver one? I am going to probably be buying a new one, 9 or 10, or an 05 to start modding after the lawsuit finishes.
Anyone agree/disagree with my pricing on my car? Any direction would be nice to help me when I try to sell this thing.
Thanks for any information.
edit: I see you are in Minnesota, nice. Which evo did you pick up? the silver one? I am going to probably be buying a new one, 9 or 10, or an 05 to start modding after the lawsuit finishes.
Last edited by murlo26; Sep 5, 2008 at 09:53 AM.
