I remember looking through the forums and seeing something about how the evo's value would be worth 12,000 in three years. I was just curious if there was a site that would say the value of cars in a few years other than kelly's blue book. In other words what will the evo, the g35, and the sti be worth in 3 years?

 

just curious... how can something predict the value of something so far ahead... blue book and what the cars sell for are two different things... different factors come into play... i'm sure no one thought the supra would be worth $35,000 10 years later. Or a $50,000 VR4 being worth $10,000

 

It didn't make any sense to me either. I was just curious if someone knew something i didn't. The other thing was one of my buddies who works at a dodge/ford dealership said that someone traded in their evo and he said they only got 18k for it.

 

it all depends on too many factors. if they keep the production low and keep the demand high (supras) then you could see high resell value down the line. if they stop making them after 04 or something, then people will still want them and there won't be that many of them. if mitsu over produces, prices will fall

 

So there is no set price, it depends on a variety of factors, right?

 

I think of depreciation in terms of "how easily can I replace this product with something identical in features, build quality, and performance?" Honda Civic -> easily replaceable. Toyota Supra -> not-so-easily replaceable. Your average single-family house -> very hard to replace (partly because of the expense of discarding the original).

Evo8 -> ??? My gut feeling is that these cars will not depreciate faster than an IS300 or a 330i _unless_ Mitsu can get more of these sold annually. It seems to me that right now Mitsu is marketing the Evo8 as a specialty item, but I'd be interested to hear what others have to say about that.

It would also be very useful to know how many ES, LS, OZ, and Ralliart Lancers were sold (at dealerships) vs. how many Evo8's.

Mitch

 

There is no acurate way to predict future resale values (both wholesale and retail). Thus the values predicted for vehicles at the end of a lease are way off. Manufacturers have really scaled back leasing programs due to $1200 average loss at auction.

 

I'm also for that it depends on a lot of factors. Somehow I believe Mitsu will overproduce for US market and the price is going to be low by the time new Evos with more features come out.

 

It also depends on if future Evo's have more desirable features as well and when the current lancer/us version model is discontinued. My Gut feeling is that the US Evo's will be desirable and hold their value for a while. Modability definitely play a big role and Evo's definately have that going for them. At the rate they are currently selling, I don't think they can over sell Evo's. Buick GN's are still pretty desirable and they made 20,000 in 87 alone. Evo's laready have a sort of cult following and that will sure help the resale value.

 

These things are built like ****, and will be worth nothing in five years. I'm sorry I bought mine already.

 

ALso remember the reliability of Supras is astounding. Their drivetrain is incredibly stout. Their motors are very well engineered. Their clutches hold up for hundreds of thousands of miles and to substantial power increases. There are a lot of factors to look at but most of them are factored into values of vehicles a handful of years into the future. Toyotas have proven their durability for 4 decades. Mitsubishis haven't done so well in weathering the test of time. Granted some of that may be due to the demographics of the owners, but short of raising the price, that's hard to change. Maybe raising the price and including all maintenance would help prevent the low life cheapskates from ruining their cars from lack of care, and the free maintenance should ensure they are kept up..

 

Whoever accepted $18,000 for their EVO on trade either had a 50,000 mile rat..
Or they were fricken STUPID..

 

1) don't ever confuse trade-in value with person-to-person resale value...they are entirely different animals...when you trade-in, you also have to look at the whole transaction to determine what you really got...you may get a great trade-in price (very unlikely!) but pay through the nose for whatever you're buying...conversely, you might get crap for trade-in, but tons off the sticker of what you're buying....bottom line: you'll almost NEVER profit by trading a car in at a dealer vs. selling it yourself

2) NEVER confuse residual values at lease-end with resale value...there are even more "funny business" things going on in the average lease than in the average trade-in...unless you are trading cars every 1 or 2 years, leasing will almost ALWAYS cost you more than buying in the long run, one way or the other

3) the Evo is a specialty car, which means it will always have a specialty following...it is a relatively high-strung performance car, and residual values expressed as resale or trade-in values will likely be less over most given time periods than almost any "average" car...in other words, if the average car maintains 60% of its sticker price after 4 years, you can bet the Evo will have 50% or thereabouts

4) if you are buying the Evo for resale value over anywhere from the next 2 to 5 years, you're buying the wrong car...if resale is your primary concern, buy a Toyota Camry....if fun and gettin' your rocks off is what you want, you bought the right car

5) if you don't think 4) is true, and you wonder why I say that, just look at what I'm driving...there's not a "resale queen" in the lot of 'em!....

cheers

 

Uh, yeah. We know. ( I think)

So this dude that got $18,000 for his EVO was okay with NO discount on whatever he bought new??!!

There is like $5,000 grand there "hiding"..

If a dealer sells the discount and the customer accepts just that one part of the transaction, they are not too smart..

I would like to think that regardless of the selling price of the new car, this guy/gal would have done their homework on a realistic trade in value..don't you?

If not, brings me back to what I said above.

 

A year and the resale value have already gone down the drain. Just think what will happen in a few years. A 10 year old toyota supra twin turbo costs more.