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Evo's Trade in/Resale Value [MERGED]

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Old Sep 30, 2005 | 11:04 PM
  #631  
iSLoOEvolUtion's Avatar
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just checkin cars.com and they have an 05 evolution gsr for 25,998$. it's an advertised price so i dunno...they have a picture any everything. maybe you can bargain even more. this is located in cali somewhere, don't exactly know where. i'm east coast. here's the ad

2005 Mitsubishi Lancer
$25,988 See Saved Vehicles Kelley Blue Book Value
Save This Vehicle
Mileage 100 Engine 2.0L I4
Body Style Sedan Transmission MANUAL 5SPD
Wheelbase 103" Drive Train AWD
Doors 4 Stock # 50495D
Exterior Color Silver VIN JA3AH86DX5U053079


Features: AWD, Power Windows, Power Door Locks, Tilt Wheel, Cruise Control, AM/FM Stereo, Single Compact Disc, Premium Sound, Dual Front Air Bags, ABS (4-Wheel), Rear Spoiler, Alloy Wheels, Got Wipe Lash???????????????? Maybe!!!!!!!!!!!! Price Includes All Rebates., You Must Bring In This Ad To Receive Internet Price, (09/29/05)
Seller's Notes: Bring this ad to Mike Shriner for the special Internet Price.

im gussing it either experied 2 days ago or thats when it was posted. dunno. good luck tho. if it's real I might as well get my car from them. 25k maybe NEW!
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Old Jan 13, 2006 | 05:22 AM
  #632  
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Question Resale value?

I have an 05 GSR w/ SSL. 12, 200 miles.

Buschur stg 2 w/ BR FMIC, AMS LICP, Greddy Ti, Exedy twin, Defi BF EGT and Boost gauges, Defi HUD, Blackout headlights, MR taillights, vortex gen, Perrin shorty, JDM 9 rear bumper, Work XSA-02c 18x8.5 w/ Toyo t-1r 235/40-18 (1200 miles) Tein flex coilovers w/ EDFC.

And some other things I am forgetting.

My question is how does this affect my resale? I have a mod friendly dealership local to me (so warranty is good, no black flag). I have NONE of my stock parts (except for stock rims/tires)
Any constructive comments are appreciated.

Thanks

Last edited by dadriva; Jan 13, 2006 at 05:37 AM.
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Old Jan 13, 2006 | 05:33 AM
  #633  
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it helps resale, but not by nearly as much as you probably spent...they might give you a little bit more money, but dont tell a dealer that you dont have the stock parts...you have to make it sound like HE'S getting a deal by you leaving performance parts on it
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Old Jan 13, 2006 | 05:35 AM
  #634  
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Let me clarify. I am not expecting these mods to help my resale at all.

I am wondering if it will hurt resale or deter any potential buyers. Thanks.
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Old Jan 13, 2006 | 05:38 AM
  #635  
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Would you buy a modded Evo from a dealer? Look at from the buyers point of view. Me, HELL no! A modded evo at a dealership would toss all sorts of flags on the play IMO.

Last edited by walkedu; Jan 13, 2006 at 05:42 AM.
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Old Jan 13, 2006 | 05:40 AM
  #636  
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I would never buy a modified car over one that's stock. I'd assume that anyone who's modifying their car is also beating the crap out of it. Not to mention that who knows if the modifications in question were installed correctly. Everyone I've ever known that bought a used car with modfications to it ended up having problems with it. Look at collector cars. Everyone wants original.

Last edited by Kordwood; Jan 13, 2006 at 05:45 AM.
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Old Jan 13, 2006 | 05:44 AM
  #637  
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I'd say that if you're selling it privately, like to another person on this forum, then they help. The guy buying your car would appreciate what you have added.

But if you're trading it in with a dealer, they're going to hurt. Mainly cos dealers want main steam cars which mean stock.

Perhaps it works differently in the US though.

edit: I am assuming, of course that your mods are installed properly/professionally and at 12,200 your car isn't all the knackered.

Last edited by x838nwy; Jan 13, 2006 at 05:48 AM.
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Old Jan 13, 2006 | 05:47 AM
  #638  
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I would NOT trade the car in. We all know what happens at stealerships.

I am talking private party resale.
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Old Jan 13, 2006 | 05:52 AM
  #639  
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The dealer will give ya the same amount for the car with or without the mods on it. And there is alot of people that have stock parts that they sell for cheap.
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Old Jan 13, 2006 | 05:55 AM
  #640  
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Yea you can get more for it with Mods from a private buyer look at it this way thats money they wont have to spend down the road. I would by a modded car and my friends have bought modded cars all have had no issues. Just have to check the car over. Somtimes people will but the car and start modding it than figure out that they cant afford it and get rid of it. Thats the car you want to buy.
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Old Jan 13, 2006 | 06:06 AM
  #641  
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I think it would hurt you at a dealership, because I think warranty would come into play for their resale. They would want to be able to offer things like extended warranty.
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Old Jan 13, 2006 | 06:49 AM
  #642  
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I look at all used Evos very closely, whether they are stock or not. Everyone I've ever heard of that sells their Evos returns it to stock trim. So you just never know -- the only thing you can do is go over the car very carefully. After being slightly burned once on an Evo, I was careful the next time around.

That said, I don't think that it hurts your resale value to leave the mods on the car. It doesn't reduce the value, if you are equating the value to KBB price. However, it does if you take into consideration what your performance parts are worth in the private classifieds here on evom. Since you don't have stock parts, though, I would not bother to return to stock, except for the rims...
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Old Jan 13, 2006 | 07:16 AM
  #643  
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From: Mesa AZ
04-06 STI:
STAGE-4
"Viper Killer"

Flywheel Power: 569HP 547TQ -APS SR55 Turbo with Oil Lines -TGV Delete -740cc Inj -Inj. Harness Conv. -255lph Fuel Pump -3.5" APS Exhaust -APS Up Pipe -APS DR725 FMIC -APS BOV (FMIC) -APS Cold Air -Fuel Rails -ECUTeK Flash
Retail: $8,328.00
*(-5%) -$416.40
Pkg. Price $7911.60
Updated:12-7-05

This is basically what I had on my 04 STi, except I had the 3"tbe, Nismo 550 injectors and the defi gauges. I sold the car in May of 05. I owed $28k, it had a book of $24.5k with 13k miles and I was able to sell it for $32k. I think I was in my "APS Package for a bit under $6k (bought most parts on-line) and you can see I lost a few grand.

The guy who bought my car knew I didn't beat the hell out of the car. He actually talked to the guys at DynoCOmp before he bought the car. If you go down the modded path and want to sell it, you will need to find the right buyer. I am in the car business and I know that mods DO NOT give you value. Even with over sized rims, you get an additional $300-$500 though you might have paid a few grand.

The EVO is a very "Soft" car in terms of holding its value. I saw an 05 with SSL and the dealership was in it for $24.5k. This was last year when the remaining 05 EVO's had a rebate. When you do decide to sell it, I would list it here in the autos for sale section.

Lastly, I would suggest that the stock parts never get sold. That way, if you weren't able to sell it with the mods, you caould make it back to stock and then trade it in and sell your parts afterwards.
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Old Jan 13, 2006 | 07:57 AM
  #644  
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Originally Posted by jayhawker
04-06 STI:
The EVO is a very "Soft" car in terms of holding its value. I saw an 05 with SSL and the dealership was in it for $24.5k. This was last year when the remaining 05 EVO's had a rebate. When you do decide to sell it, I would list it here in the autos for sale section.

You're kidding right?

EVO had the best resale value of any sedan last year. I've searched for used evo's and they hold their value exceptionally well.
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Old Jan 13, 2006 | 08:40 AM
  #645  
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Originally Posted by Hypnoz
You're kidding right?

EVO had the best resale value of any sedan last year. I've searched for used evo's and they hold their value exceptionally well.
This is true and well looked over here on this forum because so many people on here sell there modded 1s for super cheap when stock low mile 1s go for a good price in the non modding market. I know that in 03 they were also named 1 of the best resale valued cars for that year which shocked me when i first read it.
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