15K is B.S. for a trade. The value of this car is dropping, but not that much. With the RS, and MR coming, the Evo is getting more popular, especially our modded Evos rolling around our cities. It's an attention getter.

Dealers are out to make money and they would sell that 15K trade for over 24K probably. That's why buying an expensive car is foolish to people who are wise consumers. It's not an investment like a house. Too bad a 16k Scion doesn't have 300 HP or I'd be in one right now.

 

... or you could just continue to hold onto it, baby it, love it, drive it like you want to, and trade it in after many MORE years when all is stabilized ... *eyeroll*

... buncha panic-mongers ...

 

YOu're better off keeping the car. ANd next time the dealer offer you 20K tell them that you're willing to buy a use one from them for 22K. 2k more then what they offer you for

 

you know it is funny...if evos are so popular why don't the mitsu dealers want to buy a used obne? simple...they can't sell the ones the have new.....as for the banks, i know it is true(i work in the auto business and i check up on it) you may get a loan but it will be a ridiculus rate like 10% or higher. as far as seeing a modded one rolling around the streets where i am is a joke! Beleive what you may. i am just trying to let you guys know......

 

Banks cannot change rates based on the car you are purchasing. THey base it on it's value and what you finance. If you finance more than it's worth, they usually won't finance, and if ones will they increase the rates, it has nothing to do with a Mitsu. If the books list it's value at 17k and you finnance 15k, you'll get a good rate.

 

some people trade in the car becaue they have a good reason and not because they don't want it anymore. maybe you should think a bit before you make a statement such as " buncha panic- mongers"

 

That's how the market works. Dealers know you're trying to get out of your current car into a new one and would be willing to sell the car at a lower price to do it. Now that doesn't necessarily mean you can't negotiate to get a better trade in value for your car, but unless you're driving an exotic you can't expect to get much trade in value on your car.

Although I think the dealers should use wholesale books such as KBB or Edmunds to determine market value as opposed to calling the dealership to see if they would buy it. Obviously a car manufacturer's dealership is going to buy the car WAY less than what the market would buy it.

 

true. however, dealers use the NADA book which is really low and the evo trade in value is 20k there which is even lower..... they call the dealers to check the market for the car in order to make sure that they don't get stuck with it for a long time and also to see how much the other dealer usually picks the same car at an auction.

 

wrong......try to finance a daewoo. (or a used evo in NJ)
also, dealers use whatever book gives the lowest value...mainly Galves here

 

i just traded my acura RSX-S the other week it was 25k new and i got 17k with 30k miles in great condition. Its just not evo or mitsu it seems to be all used cars. same with subaru i was gonna traded my wrx in on my sti but the only wanted to give 17k with 19k miles i just waited and sold it my self i got 25k. it did have about 12k in mods. my sti was traded with 2k miles on for my evo and the mitsu dealer only wanted to give 27k thats 5k lost with 2k miles.
I say this unless you have you get rid of it or realy hate it hold on to it or sell it your self.


White Black
03 EVO / 04 SRT

 

Are you kidding me? You're upset about 23k? I think 23k is a ****ing great trade in value for a car over a year new and considering its now outdated as far as 04s and 05s are concerned. You do know that the car depreciates once you drive it off the lot, something like 20%, do the math and its a pretty good trade in value. What do you really expect? Would you have been happy with 24k? I dont think thats going to be a deciding factor on your next car though.

 

Trade in = mo money for them.

I tried to trade in my 2000 Civic Si with mods at the mitsu dealer in Maryland. They offered me a best of $9500 if I took off the aftermarket items. I laughed and said I'll be back in a few weeks. Sold the car for 14k. Could have sold for 15K, but I cut the guy a break. I had people calling everyday for the car. Dealerships were selling used si's with twice as many miles as mine for 18k just last year. I had 23,000 miles and the car was over 3 years old.

Came back to the dealer, through 8 grand down and said gimme my EVO.

 

Just for kicks, I went in for an appraisal at a Dodge dealer, and they quoted me $21,500. (my car's 1yr old, 12xxx miles, clear title)

 

I don't know about you guys but I bought my EVO to drive it. If you're worried about a car holding it's value, get a Honda. A car is not a good financial investment, period.

 

What I'd like to know is if I keep the Evo for many years, say 10 to 15+, will it be worth more than the average 30k '03 car since it's a limited production AWD turbo car which has a deep heritage throughout the world. I was hoping this car would become desirable in the upcoming years like the supra is now and be worth something, especially since it has so much modding potential. I guess I was wrong and it will not be worth keeping long-term.

Maybe all this $$$ for mods ain't worth a crap. And Vivid wants $45K. What a joke.