Evo's Trade in/Resale Value [MERGED]

Reply Subscribe

Thread Tools

Search this Thread

Dec 20, 2006 | 04:40 PM

#841

EVIL_EV0

Evolved Member

iTrader: (6)

Joined: May 2005

Posts: 1,038

Likes: 3

From: Midwest

Quote:

Originally Posted by Bonestock!

The flip side to this:

2005 EVO 8 GSR
7,602 miles
100% perfect condition
Full mitsu service history
32k window sticker (came in the glove box)

I paid less than 24k for it 3 weeks ago. Original owner lost nearly $9,000 in 1 year. But then, this is the BEST time of the year to buy cars! WOOT WOOT!

Bonestock

Flip it again....

If anyone paid window sticker then they got F'd in the ****. South Coast was selling EVO8s for $26,800 zero down zero %. Thats not including possible free maintenance and possible loyalty cash.

Lets just say your guy paid $27k. That means he bought a brand new EVO, drove it off the lot, kept it for a year (or more), and put nearly 8000 miles on it for 3 grand. He made out like a bandit.

That is fricken great!!!!! Keep in mind, you can get a brand new EVO9 RS or slightly used GSR $26k.

Last edited by EVIL_EV0; Dec 20, 2006 at 04:45 PM.

Dec 20, 2006 | 04:42 PM

#842

Jakeg97

Evolved Member

iTrader: (56)

Joined: Sep 2004

Posts: 11,132

Likes: 1

From: Western NY

Quote:

Originally Posted by EVIL_EV0

If anyone paid window sticker then they got F'd in the ****. South Coast was selling EVO8s for $26,800 zero down zero %.

not a few years ago

Dec 20, 2006 | 04:47 PM

#843

1NastyEvo

Evolved Member

iTrader: (10)

Joined: Aug 2004

Posts: 1,328

Likes: 0

From: Southern California

Quote:

Originally Posted by Jakeg97

not a few years ago

Exactly. Considering I was like one of the first 7 in the US to get a IX, you couldn't find ANYONE, and I mean ANYONE lower then $31,500 sticker. The only place at the time that was selling them for sticker price was HB Mitsu, EVERYONE else who barely had a IX of any sort had at least a 6-7k markup here in SoCal. My sticker said $39,000 when I first arrived there

Dec 20, 2006 | 05:09 PM

#844

EVIL_EV0

Evolved Member

iTrader: (6)

Joined: May 2005

Posts: 1,038

Likes: 3

From: Midwest

I agree that some recklass buyers paid way too much. This happens in the used car market as well. Bottom line you cannot use MSRP as the mark. On average they sell at invoice plus $400. Some get them lower some pay more. At the end of 2005 prices were invoice, plus cash back, zero percent, ect.

Dec 20, 2006 | 05:28 PM

#845

silverEVO8

Evolved Member

iTrader: (12)

Joined: Mar 2003

Posts: 2,659

Likes: 1

From: Utopia

Quote:

Originally Posted by EVIL_EV0

I just got back from taking my EVO to the dealer for the wing replacement. Anyway, they had one EVO IX outside and the sticker was over $34K.... This was a GSR with the leather seats. In my experience, it's not too easy to get a good deal on a new EVO in Atlanta. At least it has not been that way for me with the trade in.... Some guys get super deals, but I don't know how they do it. The best I ever seem to get is MSRP or perhaps a few bucks under MSRP..... BTW, the sticker price tends to be MSRP plus options....

Dec 21, 2006 | 03:53 AM

#846

Evolving Member

iTrader: (1)

Joined: Mar 2003

Posts: 495

Likes: 27

From: central NJ

Quote:

Originally Posted by silverEVO8

You got that right!! A modified car is poison in the used car market. With very few exceptions, any perceptible modification will knock thousands off the resale value. Think about it, if you went out to buy a car, would you buy a modified car which was probably raced and abused or an unmolested clean model of the same car... Even if you use expensive, big brand names, you never get your money out of them.....
Also, everybody in these forums and others has read at least one or 2 horror stories of cars completely f**ked up while being modified. I know that happens from my own painful experience. I keep my MR in as close as stock condition as possible

... Still, the EVOs just don't hold the value compared with the cost of a new car... Sure, if you find a clean used EVO (unmolested) and get a good price, you will probably come out ahead in the end. Those of us who bought new EVOs will get hammered when trading or selling.....

So if 05's seem to be going for $25-28, what would an 03 with 4903 miles, bone stock and perfect be worth??

Dec 21, 2006 | 04:20 AM

#847

Torre from Va.

Evolved Member

iTrader: (34)

Joined: May 2005

Posts: 1,183

Likes: 0

From: The burbs of our nation's capital

+ I noticed that as well, except '03s don't fair as well as newer evos

Dec 21, 2006 | 06:28 AM

#848

SwabeLife

Evolved Member

iTrader: (21)

Joined: Mar 2005

Posts: 2,088

Likes: 4

From: Instagram: SwabeLife

great to hear that! I'm really keeping my car and get another one later. yes!

Dec 21, 2006 | 06:46 AM

#849

speedfreak0920

Evolving Member

iTrader: (2)

Joined: May 2006

Posts: 241

Likes: 0

From: wIndy cIty

i think i might have the cheapest evo! haha just checked kbb.com and private party resale price is only 18,855. that aint crap. that's what 54k will do to ya.ant it's an RS

Dec 21, 2006 | 07:06 AM

#850

gsrboi80

Evolved Member

iTrader: (38)

Joined: Aug 2005

Posts: 7,909

Likes: 47

From: On a cliff

Quote:

Originally Posted by speedfreak0920

i think i might have the cheapest evo! haha just checked kbb.com and private party resale price is only 18,855. that aint crap. that's what 54k will do to ya.ant it's an RS

Yea but the 04 RS is the rarest of all EVO's yet. It will be sought after in years to come.

-Front LSD
-No ACD

One of a kind. Keeping ours forever

Dec 21, 2006 | 07:24 AM

#851

Snicewicz

Newbie

Joined: Dec 2006

Posts: 79

Likes: 0

From: Columbus, Ohio

The new consumer reports with all the new cars. They tested the 06 evo i believe and it got the highest rating in depreciation possible. They also scored a 81 out of 100. One of the best on there. Not enough data was given totest reliability, interior, paint. Etc.

Dec 21, 2006 | 08:13 AM

#852

speedfreak0920

Evolving Member

iTrader: (2)

Joined: May 2006

Posts: 241

Likes: 0

From: wIndy cIty

gsrboi80: that just made my day! haha thnx man. supra or gt35r?!????? hmmmm....

Dec 21, 2006 | 10:00 AM

#853

twinscrewed

Evolving Member

iTrader: (6)

Joined: Oct 2005

Posts: 228

Likes: 0

From: PA

Quote:

Originally Posted by OX

So if 05's seem to be going for $25-28, what would an 03 with 4903 miles, bone stock and perfect be worth??

Around the same. I totalled my 03 back in july. It had around 38,000 mi. I paid $23,500 for it a little less then a year earlier with 24,500 mi, but the ins company sent me a check for $26,000.

Dec 21, 2006 | 10:52 AM

#854

GGEVO

Newbie

Joined: Jul 2006

Posts: 24

Likes: 0

I like this thread!

Dec 21, 2006 | 11:06 AM

#855

silvrevo

Evolved Member

iTrader: (6)

Joined: Mar 2003

Posts: 1,114

Likes: 0

From: Big Red Country

Thats why Im fishing........ Maybe time to cash out and enjoy another ride.

Check sig.

I also like this thread. Maybe its time to put the Advans back on,, just in time for winter. LOLOLOL.