Evo VIII / IX's becoming more expensive?
and if the Xs price begin to be lower after months..... the VIIIs and IXs price will grow up like muscle car here ! hehe
Sure, clean CT9As are becoming more and more rare, the market demand is there, and the price reflects it. This isn't to say that a 4-owned hacked-up IX with 100K on the clock, three turbos, four clutch changes, two built motors, a Shep/TRE TC/transmissions, and a body clad in taped-on plastic is bound to be worth ****.
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Joined: Jun 2011
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From: Edmonton, AB, Canada
I too am wondering what X's will be worth later. I don't think we'll get another real (read: non-hybrid) Evo, so surely that'll slow the depreciation on lightly modified ones.
Not that I honestly care. I'm in love with my car, and it's not going anywhere.
Not that I honestly care. I'm in love with my car, and it's not going anywhere.
I bet fairly little, though, I hope to be wrong. Street cred is the main driving force in this market segment and the X just ain't got a whole lot of it. OTOH, the CT9A is all street cred; hence, the pricing and the demand.
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Joined: Feb 2010
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From: Columbia, MD
Yup, Supra, Skyline, Evo all have street cred as raw performance platforms that respond to modification. I don't see there being much of a market for second hand X's in another 10-12 years.
I love my evo, never planning to sell it.
I do though check it's value from time to time, just to see how much money off the top I have lost. This thread reminded me to check it again. I am $1,300 below what I bought it for.
I have had it for 3 years and added almost 15k miles to it. I always list it as "good" condition due to the few minor blemishes the car has.
I do though check it's value from time to time, just to see how much money off the top I have lost. This thread reminded me to check it again. I am $1,300 below what I bought it for.
I have had it for 3 years and added almost 15k miles to it. I always list it as "good" condition due to the few minor blemishes the car has.
Well, the car will always depreciate...it all comes down to how much someone is willing to pay for it (i.e. the market).
MKIV Supras are a decent example of how these cars will hold their value...rather than appreciate. Because when you look at how much Supras were selling for new, they are going for roughly the same price (depending on condition) now. So I don't see that as necessarily a good investment as there really is no gain.
But then again, if you're investing in cars...you're not making the best decisions in the first place.
Personally, they are going to bury me in my Evo.
MKIV Supras are a decent example of how these cars will hold their value...rather than appreciate. Because when you look at how much Supras were selling for new, they are going for roughly the same price (depending on condition) now. So I don't see that as necessarily a good investment as there really is no gain.
But then again, if you're investing in cars...you're not making the best decisions in the first place.
Personally, they are going to bury me in my Evo.
Well, the car will always depreciate...it all comes down to how much someone is willing to pay for it (i.e. the market).
MKIV Supras are a decent example of how these cars will hold their value...rather than appreciate. Because when you look at how much Supras were selling for new, they are going for roughly the same price (depending on condition) now. So I don't see that as necessarily a good investment as there really is no gain.
But then again, if you're investing in cars...you're not making the best decisions in the first place.
Personally, they are going to bury me in my Evo.
MKIV Supras are a decent example of how these cars will hold their value...rather than appreciate. Because when you look at how much Supras were selling for new, they are going for roughly the same price (depending on condition) now. So I don't see that as necessarily a good investment as there really is no gain.
But then again, if you're investing in cars...you're not making the best decisions in the first place.
Personally, they are going to bury me in my Evo.
Well, the car will always depreciate...it all comes down to how much someone is willing to pay for it (i.e. the market).
MKIV Supras are a decent example of how these cars will hold their value...rather than appreciate. Because when you look at how much Supras were selling for new, they are going for roughly the same price (depending on condition) now. So I don't see that as necessarily a good investment as there really is no gain.
But then again, if you're investing in cars...you're not making the best decisions in the first place.
Personally, they are going to bury me in my Evo.
MKIV Supras are a decent example of how these cars will hold their value...rather than appreciate. Because when you look at how much Supras were selling for new, they are going for roughly the same price (depending on condition) now. So I don't see that as necessarily a good investment as there really is no gain.
But then again, if you're investing in cars...you're not making the best decisions in the first place.
Personally, they are going to bury me in my Evo.
The last home for heart of Mitsubishi (4g63) evo9 FTW
After giving more thought to my previous post, and seeing the Evos that are being destroyed by 2nd and 3rd owners...there may be some value in the well taken care of examples.
Last edited by Boostd4; Aug 15, 2011 at 03:35 PM.
Dsm owners had this same conversation over a decade ago. I know because I was one of them. Don't hold your breath. Oh and kbb for my 08 x is 29k last I checked. So far holding value better than my 04 evo did. Not even vr4s held value. 03 to 05 Evos are affordable now and are turning into the new dsm unfortunately. 9s will take a little longer and xs a little longer than that. Think of what these cars truly are. If you think that they are going to go up in value that's just crazy
Last edited by 91GSX; Aug 15, 2011 at 04:03 PM.
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Joined: Feb 2010
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From: Columbia, MD
Dsm owners had this same conversation over a decade ago. I know because I was one of them. Don't hold your breath. Oh and kbb for my 08 x is 29k last I checked. So far holding value better than my 04 evo did. Not even vr4s held value. 03 to 05 Evos are affordable now and are turning into the new dsm unfortunately. 9s will take a little longer and xs a little longer than that. Think of what these cars truly are. If you think that they are going to go up in value that's just crazy
Definitely this a good perspective to take, if there is some sort of emotional attachment to the car...but from a purely financial perspective your money would be working more for you elsewhere.
After giving more thought to my previous post, and seeing the Evos that are being destroyed by 2nd and 3rd owners...there may be some value in the well taken care of examples.
After giving more thought to my previous post, and seeing the Evos that are being destroyed by 2nd and 3rd owners...there may be some value in the well taken care of examples.
Please do not put all second owners in the same boat together.
I am the second owner of my evo and I care for it better than the first owner.
It is not about if one buys the car used or not. Some people just do not take care of their stuff regardless of if it is new or not. Being that I was raised fairly poor I can tell you I value every penny and what that penny gets me.
DSM owners had a follow up car that was faster, more powerful, and better handling with a later version of the same motor. The VIII/IXs have a follow up car that is slower, heavier, and less powerful. Then with Mitsubishi giving up on any performance cars, fans of the brand won't have newer more modern options to lust after.