Evo VIII / IX's becoming more expensive?
Heh, if that were your point, no one would have disagreed with you. Many said the same thing. Unfortunately, you tried to present an argument buttressed by factors that only seemed to exist within the confines of one's imagination. Then, after being challenged on its factual basis, you decided to create a whole new argument, assign it to the forum population, and then laugh at our gullibility. That's not exactly an honest and forthcoming appraoch to discourse. (Nothing personal)
And to clarify I do not think the srt4, cobaltss or cooper compares. Some peoples argument was limited run... so were those. Doesn't make them valuable.
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From: Columbia, MD
The Evo VIII/IX will still decrease in value, nobody with an iota of intelligence buys a car as an investment because depreciation is nearly universal. The cars that do end up being worth tons of money are stock low mileage examples of a car that maintains interest 20-30+ years after its cancellation. Trying to guess which car fits that bill is impossible. I think we are all violently agreeing rather than truly disagreeing. The Evo is going to depreciate. That being said, it will hold its value (and HAS held its value) far more than many other cars due to its performance and reputation. I have seen a lot of dealers selling IXs for the same price as nearly new Xs which says a lot about the market for the car.
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From: Raleigh, Transplanted from Toronto, Canada
I may get a Evo X for a commuter car later on down the road or just go back to Honda and build a hatchback with a K Series motors.......Always wanted one of those.
As I said in an earlier post according to KBB (which is actually under priced IMO) my evo has only lost $1300 at this point. I have added 15K miles to it and have had it for 3 1/2 years.
That is very good IMO, though I do not see evo prices going up any time soon I do see them hold their value longer than most other things. Go and buy a brand new "muscle" car today drive it off the lot and it has already lost what my car has. I also think we are looking at the value of the dollar over all. I swear at one point last year my evo listed as cheaper on KBB than it is now though I cannot say for certain.
Inflation is the key to seeing higher prices. It takes more dollars to get what it you used to get even a few years ago.
Regardless I hope to never sell my evo (the only thing that would cause me to sell it would be hard times), but if I do it is nie knowing that there are enough people wanting one that I could get some needed cash if I do sell it. The average person around this area though would never pay what the evo is selling for on KBB. Most here see it as a 4 door, 4 cyl, "quick" car.
Evo love forever
That is very good IMO, though I do not see evo prices going up any time soon I do see them hold their value longer than most other things. Go and buy a brand new "muscle" car today drive it off the lot and it has already lost what my car has. I also think we are looking at the value of the dollar over all. I swear at one point last year my evo listed as cheaper on KBB than it is now though I cannot say for certain.
Inflation is the key to seeing higher prices. It takes more dollars to get what it you used to get even a few years ago.
Regardless I hope to never sell my evo (the only thing that would cause me to sell it would be hard times), but if I do it is nie knowing that there are enough people wanting one that I could get some needed cash if I do sell it. The average person around this area though would never pay what the evo is selling for on KBB. Most here see it as a 4 door, 4 cyl, "quick" car.
Evo love forever
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From: phoenix
No disrespect, but you're clueless. BTW, try buying an early 240Z. You can't find a clean original car for less than twice what it sold for new.
There is a reason the Supras and RX7s aren't depreciating any more (you should compare their production volume to the EVO's). In ten more years, they'll be selling for more than their original sticker. It's about two basic concepts when looking at future car values, production numbers and how desirable they were. All those kids that loved the EVO in 03' when it came out will start collecting them when they reach the age they have the means to relive their youth. With the relatively low production numbers of both the EVo and STi, the first year examples are sure to appreciate. The EVO and STi are to today's kids what the high performance Mustangs and Camaros were in the late 60s.
I suspect that the 03's have already stopped depreciating. They have in my area at least. I've seen little to no change in prices over the last 2 years. They're not appreciating, but it's only a matter of time. If you want something that will really appreciate, find a first year RS. Very limited production and the most raw EVO sold in the US guaranty it will outperform all the other EVOs financially. How about a Buscher EVO, even better I'd bet.
There is a reason the Supras and RX7s aren't depreciating any more (you should compare their production volume to the EVO's). In ten more years, they'll be selling for more than their original sticker. It's about two basic concepts when looking at future car values, production numbers and how desirable they were. All those kids that loved the EVO in 03' when it came out will start collecting them when they reach the age they have the means to relive their youth. With the relatively low production numbers of both the EVo and STi, the first year examples are sure to appreciate. The EVO and STi are to today's kids what the high performance Mustangs and Camaros were in the late 60s.
I suspect that the 03's have already stopped depreciating. They have in my area at least. I've seen little to no change in prices over the last 2 years. They're not appreciating, but it's only a matter of time. If you want something that will really appreciate, find a first year RS. Very limited production and the most raw EVO sold in the US guaranty it will outperform all the other EVOs financially. How about a Buscher EVO, even better I'd bet.
If you are bringing 240Zs into the discussion, you *HAVE TO PAY ATTENTION TO INFLATION*. Those cars were released 40 friggin' years ago. Just the fact that they are selling for more then their original prices doesn't mean anything with respect to actual value appreciation.
Even Supra's which sell over 40k have lost money factoring in inflation.
The rest of your post is purely random predictions. Will Supras continue to "increase" in value? (really decrease due to inflation) Are 03 Evos at the bottom of their depreciation curve? Will kids who liked the Evo/Sti in 30 years still maintain an interest in them to drive prices up?
No one knows, and your guess is as good as mine or anyone else - but that's all it is, a random guess.
Personally I think you are dead wrong just looking at the history of which cars actually appreciate in value in the US market (mainly domestic brand cars). The problem with Japanese cars - they have plenty of special editions for their own market. A Japanese-spec Evolution with AYC and other goodies is going to be worth more then a watered down USDM Evolution in 30 years. Not to mention the Evolution 6 TM Edition. All those cars will be legal to import in the next 30 years - with those options, do you think any collector would look twice at a high mileage USDM Evolution VIII?
Very few. But 2 I can think of off the top of my head are Ford GT and Porsche Carrera GT. They're still soooo close to original MSRP for a clean one. Even 4 to 6 years later. Even "high" mileage ones are reasonably asking 10-15% below MSRP.
Anyways from following the for sale thread every once in a while I can see evos are depreciating but relatively slowly. As most would expect of a legendary car from an "econobox" brand.
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From: phoenix
Very few. But 2 I can think of off the top of my head are Ford GT and Porsche Carrera GT. They're still soooo close to original MSRP for a clean one. Even 4 to 6 years later. Even "high" mileage ones are reasonably asking 10-15% below MSRP.
Anyways from following the for sale thread every once in a while I can see evos are depreciating but relatively slowly. As most would expect of a legendary car from an "econobox" brand.
Anyways from following the for sale thread every once in a while I can see evos are depreciating but relatively slowly. As most would expect of a legendary car from an "econobox" brand.
EVO 8 and 9's have been pretty much the same price since I was looking for one around 3 years ago since they became legal in Canada. The reason being they are expensive as hell to import and 80% of the ones imported over here are beaten to death, modded to death or just poorly maintained.
It seems like an EVO 8 or 9 with the same mileage 3 years ago, goes for almost the same price as it would now. Of course this is due to the shrinking number each year from accidents, blown engines, theft etc.
I can see the EVO 8/9 aging like the RX7, Supra or NSX. Although it is essentially an econobox on roids, it is a legend in Japanese cars and tuning. I mean how often do you see an EVO 8/9 even on the roads, not to mention there is a line up of people ready to buy when one goes on sale.
It seems like an EVO 8 or 9 with the same mileage 3 years ago, goes for almost the same price as it would now. Of course this is due to the shrinking number each year from accidents, blown engines, theft etc.
I can see the EVO 8/9 aging like the RX7, Supra or NSX. Although it is essentially an econobox on roids, it is a legend in Japanese cars and tuning. I mean how often do you see an EVO 8/9 even on the roads, not to mention there is a line up of people ready to buy when one goes on sale.
Also wasn't there a dealership selling a bunch of brand new 0 mileage IX's around a year ago for the same MSRP sticker price they were at originally, without ANY negotiating. I know there was a thread on it previously and there were line ups of people ready to buy.
The problem with Japanese cars - they have plenty of special editions for their own market. A Japanese-spec Evolution with AYC and other goodies is going to be worth more then a watered down USDM Evolution in 30 years. Not to mention the Evolution 6 TM Edition. All those cars will be legal to import in the next 30 years - with those options, do you think any collector would look twice at a high mileage USDM Evolution VIII?
Unless legislation on grey market imports changes, which could happen, it will be the deciding factor on the value of the Evo and other Japanese cult cars. Cause in about 10yrs when most of you will be trying to cash in on USDM Evos, the IVs will be legal to import...
But by that time the threads will probably be along the lines of "RHD cars suck" or "My USDM Evo is better for *insert whatever silly reason here*..."