Evo IX used car pricing: Thousands over book value
I paid a few K over kbb because the miles were extremely low and the car was bone stock. These cars are rare especially where I live. So, I bit the bullet and bought it. I check the for sale ads quite often and still do not regret my decision.
Not sure how it grew anywhere past the statement of "supply and demand." That's all it is and that's why they're priced as such.
People can go on all they want about how there is a newer EvoX out there... but just like the RX8, enthusiasts want the RX7. Blue book and Nada are nothing but base references. You'll more than likely never find a good condition Supra, RX7, 2.5RS, etc anywhere near book listings. Demand outweighs the supply, simple economics. If priced above book most banks will allow up to 130% depending on credit and the rest you're paying extra with cash.
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From: Raleigh, Transplanted from Toronto, Canada
I respect everyone's opinions. However, as mentioned before the ct9a evo 9 is no longer and will never be produced anymore. Who cares if a car being produced shares the same name as its predecessor. It is not the same car. As much as you want to say it bares the same DNA it is still a different car. So IMHO both cars are not being produced anymore and both have close to the same numbers sold in the US. And technically the evo is more rare. Of course the actual numbers that exist today is different due to cars lost to be being totaled. As said before supply and demand is what matters. If you say the evo can't be mentioned in the same sentence as the others you mentioned then that is fine. However, in this concept each of those cars have the same results when it comes to a car being book valued at a certain amount, but yet people pay more for it. And that is what this thread is about. Just sayin...
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I understand what you're saying but watered down means nothing if someone can still get an Evo.
I don't think the RX-7, Supra, NSX, 300Z TT would command the price or respect it does if they continued to make them even if they made them less raw (ala Evo IX vs X)
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From: Sacramento
This thread is on FIRE!!!!
Here's my piece: Most Evo owners who talk resale prices & mention Supra's (should mention the NSX along with a few others) in the same sentence to justify the asking price are honestly, getting ahead of themselves. Supra's haven't been sold in the States in 16 years. The number of Supra's sold (particularily the Turbo model) was NOWHERE near Evo 9 sales! Simply put, knocking up the price of Evo 9's is at least a few years....early. What is fair though? KBB is not the end-all devine word on what can be asked for a car. If a car is in immaculate condition which I'm guessing there's maybe 10% out there at best, sure throw on 5 grand. Otherwise, it's overpriced.
Last time I checked, KBB didn't even list suggested prices for the NSX. It said something like "market dependant", or something along those lines.. So pricing on those cars is all over the board. Other rare models that have inconsistent pricing is the 300ZX TT, and the MR2 T. But like I said earlier, these models haven't been made or sold in much much longer than the Evo, sold in much fewer numbers, & by this point are very hard to come by in ANY condition - not just pristine.
And the 4G63T purists who justify higher resale value of a 9 compared to the X, & disown the Evo X like it isn't even an Evo need to get off their high horse. It is as much an Evo as the Evo 7 was to the Evo 6. 7's & newer are Cedia-based if you know your Evo history, & the Evo 1-6 owners could denounce the 7/8/9 as not being as much an Evo as their's is...just sayin'..
Here's my piece: Most Evo owners who talk resale prices & mention Supra's (should mention the NSX along with a few others) in the same sentence to justify the asking price are honestly, getting ahead of themselves. Supra's haven't been sold in the States in 16 years. The number of Supra's sold (particularily the Turbo model) was NOWHERE near Evo 9 sales! Simply put, knocking up the price of Evo 9's is at least a few years....early. What is fair though? KBB is not the end-all devine word on what can be asked for a car. If a car is in immaculate condition which I'm guessing there's maybe 10% out there at best, sure throw on 5 grand. Otherwise, it's overpriced.
Last time I checked, KBB didn't even list suggested prices for the NSX. It said something like "market dependant", or something along those lines.. So pricing on those cars is all over the board. Other rare models that have inconsistent pricing is the 300ZX TT, and the MR2 T. But like I said earlier, these models haven't been made or sold in much much longer than the Evo, sold in much fewer numbers, & by this point are very hard to come by in ANY condition - not just pristine.
And the 4G63T purists who justify higher resale value of a 9 compared to the X, & disown the Evo X like it isn't even an Evo need to get off their high horse. It is as much an Evo as the Evo 7 was to the Evo 6. 7's & newer are Cedia-based if you know your Evo history, & the Evo 1-6 owners could denounce the 7/8/9 as not being as much an Evo as their's is...just sayin'..
do you know how long nsx for sale for that same exact trim/body/engine and when they stopped it? do you know how much NSX msrp brand new from acura dealer not even close to people selling for out there, 300 ZX TT and MR2 T wasnt "real enthusiast" car people after, miata does better on that segment
And you talk about evo 7? we are in US no evo prior to 8 . since you talking about 7 as as well you must be talking about around the world and with lancer EVO in WORLD WIDE these are the order people will pay pretty cash, EVO original (500 sold world wide), EVO III, EVO VI TME and last is EVO IX,here in the state since we dont have evo prior to VIII, next best thing is good enough.
sorry if i happened to pick up and quote yours and i have been watching this thread and yours deserved a respond to make everyone clear.
Also with the new NSX and Supras supposedly making their next debut in a couple yrs it will be interested to see if the pricing of their predecessors change.
On a side note, the Supra crowd do not react the same we do here when it comes to a modded car. Over there they actually pay more for a properly modded car than we do where we actually offer less cause it has been modded(of course there are always exceptions to the rule). I remember seeing a lot of people saying that "oh you have a modded evo? It must have had a hard life. Therefore it is not even worth book value or normal market value." That is another difference between the evo and supra crowds. I am waiting for the day where people in the evo community use some common sense and start selling and buying modded evos at a fair market value.
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From: Raleigh, Transplanted from Toronto, Canada
Part of the thought process about buying a modded Evo is that its been modded improperly. Alot of people start modding and get in over their head, cut corners, on the verge of breaking something and rather then fix they'd rather sell and not say anything.
I think Supra owners fit a different demographic. Sure there are knuckleheads in all car niche's but I think the general Supra owner had the money to modify their cars right and maintain them right. Same can't be said about Evo's sadly. They have become cheap enough for the kind of Car owner that is similar to a locust. They see what they want, buy it, consume it, destroy it, move on to another car that is the new hotness.
I think Supra owners fit a different demographic. Sure there are knuckleheads in all car niche's but I think the general Supra owner had the money to modify their cars right and maintain them right. Same can't be said about Evo's sadly. They have become cheap enough for the kind of Car owner that is similar to a locust. They see what they want, buy it, consume it, destroy it, move on to another car that is the new hotness.
Part of the thought process about buying a modded Evo is that its been modded improperly. Alot of people start modding and get in over their head, cut corners, on the verge of breaking something and rather then fix they'd rather sell and not say anything.
I think Supra owners fit a different demographic. Sure there are knuckleheads in all car niche's but I think the general Supra owner had the money to modify their cars right and maintain them right. Same can't be said about Evo's sadly. They have become cheap enough for the kind of Car owner that is similar to a locust. They see what they want, buy it, consume it, destroy it, move on to another car that is the new hotness.
I think Supra owners fit a different demographic. Sure there are knuckleheads in all car niche's but I think the general Supra owner had the money to modify their cars right and maintain them right. Same can't be said about Evo's sadly. They have become cheap enough for the kind of Car owner that is similar to a locust. They see what they want, buy it, consume it, destroy it, move on to another car that is the new hotness.
Being a former Evo owner and current Supra owner, the demographic of the owners is quite different.
I owned my Evo when I was in my mid 20's, and many of the owners I knew and met were of similar age; if not slightly older. Selling my Evo right before turning 30 the demographic of owners changed as the prices of Evo's dropped; meaning there was an influx of younger owners who probably weren't as established financially, yet still found ways to modify their Evo's. IMO, that's when you started seeing Evo's with eBay parts, knockoff wheels, etc.
I jumped to the Supra world a few months after selling the Evo and attending several local Supra meets, the age group of owners was a bit older (mid 30's and up) and many had owned their cars for a fair amount of time. As such, their cars were modified gradually and 95% of the time with name brand parts (HKS, Greddy, PHR, Titan, SP, etc.). Much of this was probably due to the fewer amount of eBay parts available at the time these Supra's were modified and also the budget and age group of the owners.
In addition many of the Supra owners I met fell into one of two categories; some were totally hands on when it came to a build and maintenance and others would just call a shop and get work/maintenance done through a shop.
Jump to 2014 and there has been a fair amount of long time Supra owners that have either sold/supplemented their Supra's with GT-R's, Lamborghini's, or have gone the sedan route.
Much of these sold cars were built by reputable shops and many had their builds documented to the tee, which would fetch a premium as prospective buyers would have some confidence as to what parts were used, who installed them, and who tuned the car.
Don't forget too that many Supra owners don't drive their cars quite as often as many Evo owners; falling into the much used category of a "garage queen".
Those two points I just mentioned plus the low volume of the cars available, probably was the triumvirate to keep Supra prices high.
Prices for Supra's dropped a few years back and they have started (within the past year or so) to appreciate again.
Do I see Evo values following the same trend? Maybe, but IMO not to the extent of what you see for the Supra or NSX.
To say that most Supras were built right is kinda funny. Also to say that most are garage queen status sorta makes me chuckle as well. Yeah, the nicest ones are garage kept, but so are the nicest Evo IX's. There are still many beat Supras that have 100k+ miles out there in the wild too. Click here for example! There have been a number of poor specimens that were restored though, since Supras are kinda hard to find. People will do the same with the Evo and eventually restore the beat-up IX's when decent ones can no longer be found.
Part of the thought process about buying a modded Evo is that its been modded improperly. Alot of people start modding and get in over their head, cut corners, on the verge of breaking something and rather then fix they'd rather sell and not say anything.
I think Supra owners fit a different demographic. Sure there are knuckleheads in all car niche's but I think the general Supra owner had the money to modify their cars right and maintain them right. Same can't be said about Evo's sadly. They have become cheap enough for the kind of Car owner that is similar to a locust. They see what they want, buy it, consume it, destroy it, move on to another car that is the new hotness.
I think Supra owners fit a different demographic. Sure there are knuckleheads in all car niche's but I think the general Supra owner had the money to modify their cars right and maintain them right. Same can't be said about Evo's sadly. They have become cheap enough for the kind of Car owner that is similar to a locust. They see what they want, buy it, consume it, destroy it, move on to another car that is the new hotness.
^ SmurfZilla you make some very insightful points in your post.
Being a former Evo owner and current Supra owner, the demographic of the owners is quite different.
I owned my Evo when I was in my mid 20's, and many of the owners I knew and met were of similar age; if not slightly older. Selling my Evo right before turning 30 the demographic of owners changed as the prices of Evo's dropped; meaning there was an influx of younger owners who probably weren't as established financially, yet still found ways to modify their Evo's. IMO, that's when you started seeing Evo's with eBay parts, knockoff wheels, etc.
I jumped to the Supra world a few months after selling the Evo and attending several local Supra meets, the age group of owners was a bit older (mid 30's and up) and many had owned their cars for a fair amount of time. As such, their cars were modified gradually and 95% of the time with name brand parts (HKS, Greddy, PHR, Titan, SP, etc.). Much of this was probably due to the fewer amount of eBay parts available at the time these Supra's were modified and also the budget and age group of the owners.
In addition many of the Supra owners I met fell into one of two categories; some were totally hands on when it came to a build and maintenance and others would just call a shop and get work/maintenance done through a shop.
Jump to 2014 and there has been a fair amount of long time Supra owners that have either sold/supplemented their Supra's with GT-R's, Lamborghini's, or have gone the sedan route.
Much of these sold cars were built by reputable shops and many had their builds documented to the tee, which would fetch a premium as prospective buyers would have some confidence as to what parts were used, who installed them, and who tuned the car.
Don't forget too that many Supra owners don't drive their cars quite as often as many Evo owners; falling into the much used category of a "garage queen".
Those two points I just mentioned plus the low volume of the cars available, probably was the triumvirate to keep Supra prices high.
Prices for Supra's dropped a few years back and they have started (within the past year or so) to appreciate again.
Do I see Evo values following the same trend? Maybe, but IMO not to the extent of what you see for the Supra or NSX.
Being a former Evo owner and current Supra owner, the demographic of the owners is quite different.
I owned my Evo when I was in my mid 20's, and many of the owners I knew and met were of similar age; if not slightly older. Selling my Evo right before turning 30 the demographic of owners changed as the prices of Evo's dropped; meaning there was an influx of younger owners who probably weren't as established financially, yet still found ways to modify their Evo's. IMO, that's when you started seeing Evo's with eBay parts, knockoff wheels, etc.
I jumped to the Supra world a few months after selling the Evo and attending several local Supra meets, the age group of owners was a bit older (mid 30's and up) and many had owned their cars for a fair amount of time. As such, their cars were modified gradually and 95% of the time with name brand parts (HKS, Greddy, PHR, Titan, SP, etc.). Much of this was probably due to the fewer amount of eBay parts available at the time these Supra's were modified and also the budget and age group of the owners.
In addition many of the Supra owners I met fell into one of two categories; some were totally hands on when it came to a build and maintenance and others would just call a shop and get work/maintenance done through a shop.
Jump to 2014 and there has been a fair amount of long time Supra owners that have either sold/supplemented their Supra's with GT-R's, Lamborghini's, or have gone the sedan route.
Much of these sold cars were built by reputable shops and many had their builds documented to the tee, which would fetch a premium as prospective buyers would have some confidence as to what parts were used, who installed them, and who tuned the car.
Don't forget too that many Supra owners don't drive their cars quite as often as many Evo owners; falling into the much used category of a "garage queen".
Those two points I just mentioned plus the low volume of the cars available, probably was the triumvirate to keep Supra prices high.
Prices for Supra's dropped a few years back and they have started (within the past year or so) to appreciate again.
Do I see Evo values following the same trend? Maybe, but IMO not to the extent of what you see for the Supra or NSX.
To say that most Supras were built right is kinda funny. Also to say that most are garage queen status sorta makes me chuckle as well. Yeah, the nicest ones are garage kept, but so are the nicest Evo IX's. There are still many beat Supras that have 100k+ miles out there in the wild too. Click here for example! There have been a number of poor specimens that were restored though, since Supras are kinda hard to find. People will do the same with the Evo and eventually restore the beat-up IX's when decent ones can no longer be found.
I agree each car group does have the particular well established owners and the knuckleheads young and old who half *** a car. I have seen it on both sides of the spectrum. Hell I use to detail cars for a living and I have even seen both sides with Ferrari, lambo, Porsche, merc, etc etc you name it. However, I will say yes the amount of evo owners that do half-*** a build the percentage is higher than mk4 tt owners. This is just my personal experience though. I have come across my fair share of half-*** supra owners who use ebay parts to do a big single conversions and hack up crap everywhere and then wonder why it runs like crap.
But as a whole mk4 tt owners are a different breed than evo owners. Anyone who has been around supras long enough will agree with me on this. Perhaps that one day the ct9a chassis will be the same. I have predicted in the past that if any trim or chassis will ever have a similar feat I would say the evo 9 SE models. But it could also over-extend to all evo 9 owners period. So it will be interesting to see what happens.
I think you all bring up very valid points. Here is my experience. I come from a long line of supras. One of the cars I learned stick on was a 85 supra 5mge. So I have been around supras before there was even a mk4 on the drawing table. Forward a few eons(lol) I promise I am not that old. I got into my first evo back back in late 05. Back then if some of you remember most evos were like most mk4 tt owners. I went to a few meets and most of them were in there late 20s early 30s. Hell I met a few in their 40s! Fast forward a few yrs is when you saw a increase in the younger age groups and that is when the downward spiral occurred.
I agree each car group does have the particular well established owners and the knuckleheads young and old who half *** a car. I have seen it on both sides of the spectrum. Hell I use to detail cars for a living and I have even seen both sides with Ferrari, lambo, Porsche, merc, etc etc you name it. However, I will say yes the amount of evo owners that do half-*** a build the percentage is higher than mk4 tt owners. This is just my personal experience though. I have come across my fair share of half-*** supra owners who use ebay parts to do a big single conversions and hack up crap everywhere and then wonder why it runs like crap.
But as a whole mk4 tt owners are a different breed than evo owners. Anyone who has been around supras long enough will agree with me on this. Perhaps that one day the ct9a chassis will be the same. I have predicted in the past that if any trim or chassis will ever have a similar feat I would say the evo 9 SE models. But it could also over-extend to all evo 9 owners period. So it will be interesting to see what happens.
I agree each car group does have the particular well established owners and the knuckleheads young and old who half *** a car. I have seen it on both sides of the spectrum. Hell I use to detail cars for a living and I have even seen both sides with Ferrari, lambo, Porsche, merc, etc etc you name it. However, I will say yes the amount of evo owners that do half-*** a build the percentage is higher than mk4 tt owners. This is just my personal experience though. I have come across my fair share of half-*** supra owners who use ebay parts to do a big single conversions and hack up crap everywhere and then wonder why it runs like crap.
But as a whole mk4 tt owners are a different breed than evo owners. Anyone who has been around supras long enough will agree with me on this. Perhaps that one day the ct9a chassis will be the same. I have predicted in the past that if any trim or chassis will ever have a similar feat I would say the evo 9 SE models. But it could also over-extend to all evo 9 owners period. So it will be interesting to see what happens.
I have to agree with you guys. I had a 97' TT MKIV and well I kept it close to stock since I was in my mid twenties and didn't have tons of extra $$$ and the extra I had went into my streetbikes. I sold mine in as a BPU car with just under 100k miles for just about the same price I bought it for 3 years earlier, $28k. My car wasn't any show car but it was in good condition and the few mods I did I spent money on good name brand parts.
When I bought my car you couldn't find anyone who had a MKIV that was using ebay parts but when I sold it 3 years later there were a lot of hack jobs being done. Also, lots of hacked up cars trying to be sold for good money.
Fast forward 8 years and I bought my first Evo. A 06 WW IX RS with 20,3xx miles on it and lots of mods. I payed $25k and have spent $12k-$15k on it since then due to a rebuild that got started on the first day due to PTV contact. 14 months and 400 miles later I continue to change and upgrade parts using the same mentality that I would if it were another MKIV. Once it is completely finished I will drive it but probably no more than 1k-2k miles a year. It is my second car and I drive a lot for work so I don't always want to take it out. Eventually I will sell it and I will look for a good amount for it as it is a very clean car with low mileage and lots of mods that were done right.
I do notice that here in the Evo community there seems to be a lot of knowledgeable people who remind me of when I used to go on Supraforums. No matter the make of the car there are people out there that are true enthusiasts and maintain and mod there car to a certain level no matter how big or small the mod.
I have come to learn that Evos are such a different car than MKIVs, it has been quite a learning experience for myself.
In the end it just comes down to supply and demand. Demand for clean IXs is getting greater and the supply is getting less and less.....
I have to agree with you guys. I had a 97' TT MKIV and well I kept it close to stock since I was in my mid twenties and didn't have tons of extra $$$ and the extra I had went into my streetbikes. I sold mine in as a BPU car with just under 100k miles for just about the same price I bought it for 3 years earlier, $28k. My car wasn't any show car but it was in good condition and the few mods I did I spent money on good name brand parts.
When I bought my car you couldn't find anyone who had a MKIV that was using ebay parts but when I sold it 3 years later there were a lot of hack jobs being done. Also, lots of hacked up cars trying to be sold for good money.
Fast forward 8 years and I bought my first Evo. A 06 WW IX RS with 20,3xx miles on it and lots of mods. I payed $25k and have spent $12k-$15k on it since then due to a rebuild that got started on the first day due to PTV contact. 14 months and 400 miles later I continue to change and upgrade parts using the same mentality that I would if it were another MKIV. Once it is completely finished I will drive it but probably no more than 1k-2k miles a year. It is my second car and I drive a lot for work so I don't always want to take it out. Eventually I will sell it and I will look for a good amount for it as it is a very clean car with low mileage and lots of mods that were done right.
I do notice that here in the Evo community there seems to be a lot of knowledgeable people who remind me of when I used to go on Supraforums. No matter the make of the car there are people out there that are true enthusiasts and maintain and mod there car to a certain level no matter how big or small the mod.
I have come to learn that Evos are such a different car than MKIVs, it has been quite a learning experience for myself.
In the end it just comes down to supply and demand. Demand for clean IXs is getting greater and the supply is getting less and less.....
When I bought my car you couldn't find anyone who had a MKIV that was using ebay parts but when I sold it 3 years later there were a lot of hack jobs being done. Also, lots of hacked up cars trying to be sold for good money.
Fast forward 8 years and I bought my first Evo. A 06 WW IX RS with 20,3xx miles on it and lots of mods. I payed $25k and have spent $12k-$15k on it since then due to a rebuild that got started on the first day due to PTV contact. 14 months and 400 miles later I continue to change and upgrade parts using the same mentality that I would if it were another MKIV. Once it is completely finished I will drive it but probably no more than 1k-2k miles a year. It is my second car and I drive a lot for work so I don't always want to take it out. Eventually I will sell it and I will look for a good amount for it as it is a very clean car with low mileage and lots of mods that were done right.
I do notice that here in the Evo community there seems to be a lot of knowledgeable people who remind me of when I used to go on Supraforums. No matter the make of the car there are people out there that are true enthusiasts and maintain and mod there car to a certain level no matter how big or small the mod.
I have come to learn that Evos are such a different car than MKIVs, it has been quite a learning experience for myself.
In the end it just comes down to supply and demand. Demand for clean IXs is getting greater and the supply is getting less and less.....
I also have a WW as well that is very modded. But mine is an MR. And I have probably close to 100k into mine and climbing lol.
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Joined: Jul 2007
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From: Sacramento
to sum it up about a year ago someone left a note on my driver side door along with their contact name and number with it written "i pay you cash for your evo IX 27K" my evo is pretty much stockish, appearance wise it has JDM rear bumper sits on coil over which is slightly lowered on 18 inch volk racing TE37 and its GG color.
never contacted the person since i have no interest to sell it but what i learned they will value your evo if you put the real deal there which it shows you care for your evo and they the buyer knows it.
never contacted the person since i have no interest to sell it but what i learned they will value your evo if you put the real deal there which it shows you care for your evo and they the buyer knows it.
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Joined: Jul 2007
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From: Sacramento
funny that people here never mentioned Integra Typer R, which is valued way more than NSX base on their MSRP, i used to own one till got stolen and got paid by insurance for almost the msrp price at the time, had 2000 type R stolen around 05ish, so insurance reason? pick the right policy