Evo's Trade in/Resale Value [MERGED]
Newbie
Joined: Jul 2004
Posts: 4
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From: Santa Maria, CA
Originally Posted by Clue?sion
The Reliabilty of a Mitsu???!!!
Boy you have a lot to learn
The call the Evo's engine the bullet proof engine
Trust me this car has more reliability than any american car
If you go to any 3rd world country they only drive Toyota's and Mitsubishi's
Boy you have a lot to learn
The call the Evo's engine the bullet proof engine
Trust me this car has more reliability than any american car
If you go to any 3rd world country they only drive Toyota's and Mitsubishi's
Originally Posted by leonard_shelby
Anyone know of a sports car that does retain its value ? I have yet to hear of one
Evolving Member
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Joined: Jun 2003
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From: its not where you at, its where you from!
Originally Posted by Ponder2BuyAnEVO
1) So if MIT goes out of business, does that mean EVO warranties/parts/service will no longer be valid and available?
2) Would it be cheaper to just buy the cheap base model lancer (non-EVO) and add mods to it to turn it into an EVO? Like you can get an imported EVO engine from japan and transplant it, same with body parts too. For instance like how so many people are taking regular base model civics, integras, etc. and transplanting VTEC engines in them. We can do the same for Lancer base models can't we?
2) Would it be cheaper to just buy the cheap base model lancer (non-EVO) and add mods to it to turn it into an EVO? Like you can get an imported EVO engine from japan and transplant it, same with body parts too. For instance like how so many people are taking regular base model civics, integras, etc. and transplanting VTEC engines in them. We can do the same for Lancer base models can't we?
As for the building up of a base model. Yes the engine would probably be more cost effective (used also), but good luck with converting the smaller base model Lancer with the AWD system and suspension components. And the tranny too!
most people like the evo that buy it! If you dn't then that is your pref. but I doubt anyone is going to listen to this non-sense...... And i'm sorry banks in N.NJ will lend you money for a used evo.... and buy a subbie.... quit smoking your breakfast!
Originally Posted by nickg
well, i traded in my silver 03 evo to Prestige Toyota in Ramsey nj. Let me set the record straight, it was and adult owned, 13k mile car in perfect shape with no issues ever. I shopped this car around as I work in the automotive buisness and I can telll you that these cars are plummeting here in the northeast vey rapidly. I traded in for $23000 and was hapy to get that. I shopped it to several dealers and I had 2 do 23k...the others would not give more than 15k. The reason for this is that they call the local mitsu dealer and ask if they want it and of course none do, the car is not listed in Galves and has a value of 25 k in Kelly(no one uses kelly). I strongly recommend that if uyou are thinking f letting it go...get rid of it now! the whole deal with mitsu being so slow is spooking all the dealers and they do not want any mitsu cars on trade. I know that you guys will all say that you don't care or i would not take that or i am not trading it in...but here is food for thought, Curently no bank will finace a used mitsu evo for a private sale in NJ because theya are afraid that they will be like Daewoo. These cars are nice but beleive me...get out of them asap or you will be so upside down it is bad! buy a subaru if you are thinking of getting an evo(not cause they are better..they are not, but you won't be hurt as bad on resale) i feel bad for you guys that paid over list!!!!!!ouch
Good luck converting over the rear flared fenders. Also, you have to add over 100+ extra welds on the chassis to get the same chassis stiffness. You're basically going to have to tear down the whole base model lancer and build it up from the ground up. It sounds like an interesting project, but I doubt it would be cost effective. The end result will be an EVO hack at best. Still not the real deal and will most likely cost more in the end due to labor and original cost of the lancer. Any type of project of this nature will require a lot of troubleshooting to get it up and running to stock performance levels. If I were to even consider doing something like this, I'd definitely plan it out on paper to see if it'll be worth the time and effort.
Used 03 EVOs can be had for mid to low 20s. I'd just go down that path.
Used 03 EVOs can be had for mid to low 20s. I'd just go down that path.
Newbie
Joined: Jul 2004
Posts: 4
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From: Santa Maria, CA
How bout a g35 errr'one?? They use the same engine as a 350z so TT and parts is readily available for that car. Plus it seats 4 as opposed to the 350z. Are there any posts comparing the g35/Evo cars??
Newbie
Joined: Dec 2002
Posts: 87
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From: Chicago, IL
Originally Posted by nickg
well, i traded in my silver 03 evo to Prestige Toyota in Ramsey nj. Let me set the record straight, it was and adult owned, 13k mile car in perfect shape with no issues ever. I shopped this car around as I work in the automotive buisness and I can telll you that these cars are plummeting here in the northeast vey rapidly. I traded in for $23000 and was hapy to get that. I shopped it to several dealers and I had 2 do 23k...the others would not give more than 15k. The reason for this is that they call the local mitsu dealer and ask if they want it and of course none do, the car is not listed in Galves and has a value of 25 k in Kelly(no one uses kelly). I strongly recommend that if uyou are thinking f letting it go...get rid of it now! the whole deal with mitsu being so slow is spooking all the dealers and they do not want any mitsu cars on trade. I know that you guys will all say that you don't care or i would not take that or i am not trading it in...but here is food for thought, Curently no bank will finace a used mitsu evo for a private sale in NJ because theya are afraid that they will be like Daewoo. These cars are nice but beleive me...get out of them asap or you will be so upside down it is bad! buy a subaru if you are thinking of getting an evo(not cause they are better..they are not, but you won't be hurt as bad on resale) i feel bad for you guys that paid over list!!!!!!ouch
I guess I lucked up. I hassled my local Mitsu dealer something terrible, closing time last day of the month, and got $23.5k trade-in on my debadged, painted-wheels Tarmac Black. Then on top of that came the loyalty bonus & some special rebates, and drove off the lot with a Ralliart for $17k OTD.
For 17k, I would have gotten a used WRX. Going from an EVO down to a Ralliart Lancer must be a serious downgrade in performance, but an upgrade in comfort and gas mileage, while still having the same car essentially.
Originally Posted by marksae
For 17k, I would have gotten a used WRX. Going from an EVO down to a Ralliart Lancer must be a serious downgrade in performance, but an upgrade in comfort and gas mileage, while still having the same car essentially.
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