Your car is a money pit and you will never get anything close to what you put in. Your 30K in mods are a waste. You should have sold it then. Its an RS not an MR. Its the cheapest of the Evo's. Its a BASE model with manual everything and tacky unpainted trim. New they were 28-29K for an RS.

 

really? no need to go that far ...and there is nothing wrong with RS...they have the best TC of all model levels. Anyway, Evo is an Evo is an Evo to me... they all look good no matter what trim.

btw...who cares how much he spent on it??

 

I see you changed your post....


In the case of our cars it isn't depreciation as our cars are actually going up in value from year to year at this point.


It is all about timing. Before F&F you could buy an MKIV supra for $15k that would sell for $25-$30k now. Just an example of the supply and demand effect.


If you ask me it is a good thing. As long as you take care of the car you buy you can expect to sell it for more in the end.
How many cars can you buy these days and expect to have minimal depreciation on, or even appreciation?


Good luck with your search.


Ferraris depreciate as well.....

 

NADA and Kbb are way off the mark on Evo VIII's and IX's. If there was enough supply of good clean ones left we wouldn't be seeing this spike in pricing. The average person isn't going to look at getting an Evo, it's all enthusiasts chasing them down at this point so the pricing will be more dictated by how much the car is worth to them. Hell, even I've thought over picking up a second one to keep unmodded(or mostly) for long term.

 

Part of the reason IX's have held their value was the lack of comparable alternatives. For the longest time it was pretty much Evo vs. STI. Now it looks like its going to be STI vs. Focus RS.

With the sports car market heating up, it will be interesting to see how discontinuing the Evo line (great timing as always Mitsubishi ) along with the release of a new generation of sports car affect used Evo pricing.

 

True, I suspect there are a number of people, like myself, who aren't that interested in the X or comparative cars like the STI or Focus RS. I don't know what Mitsubishi is thinking, seems shortsighted to drop out and not compete.

 

I agree 100%

 

Gave me a good chuckle but simple supply & demand.. if someone wants it that bad then they'll pay for it, but usually I set my selling price to something higher than what I want so the ending offer is exactly what I wanted to begin with, but hey if I sell it for more why not??

 

My comment makes a lot of sense. You want a car that has a lot of demand but want to be stingy and not pay for what they are going for? You want nice things and can't deal with their price? People can put any price on anything that its theirs and its up to the buyer if they want to buy it. For example if I have a piece of gum and I want to sell it for $5 dollars I can, why not? Now I'm not going to be pointing a gun at people to force them to buy it.

 

All you guys/gals need to be evo shopping in ohio! my CL is busy with evo's regularly with great pricing. Clean ones are only going to go up in price bc unfortunately theyre becoming the new DSM.

 

Hey! Oh wait! Is that a good or bad thing?

 

not sure why people get so upset over high priced evo's...i have wanted an evo 8/9 since they came out...the time wasn't right until 2 months ago when i stumbled across a 42k mile evo ix in pristine condition...picked it up for 26k...maybe i paid too much or maybe it was a good deal. At the end of the day, I have an evo ix which i have wanted for a long time now and will probably keep it for a long time if not forever.

The customer service when buying something is a major thing with me. I will pay a little extra for excellent customer service. Which is what I received when purchasing mine.

It is what it is

 

They're not being made anymore, so it's a seller's market. Have you checked out the vw GTI? I hear they're cheap.

 

15k miles on mine, bid starts at $30k

 

They're worth what you pay for them, which is generally what the seller is asking. I found mine right down the street from me in November 2013. 2005 Evo 8, SSL with 11,500 miles. Blue book was $19,500, I paid the sellers firm price of $21k. The car now Blue books for $22k and I have 39,000 miles on it now. With what it has done I'm sure I could swueeze more than book value out of it. Also because I've been offered $25k and turned it down because I don't want to sell it.