NO, I AM NOT LOOKING FOR AN EXCUSE TO SELL.

I got to thinking: most banks won't lend money for the purchase of an older car, say older than eight years.


Without a loan, buyers will have to pay cash. Obviously, the pool of cash buyers is much smaller and has less $$ than the combined pool of cash buyers and credit buyers.

So does this mean that there will be less money chasing the same number of Evos for sale? If so, it stands to reason that prices would drop.

On the other hand, if one believes that markets are somewhat efficient, would that eventual and forseeable drying up of credit not be factored into the price?

And other collectible cars from a generation or so earlier, TT Supras, NSXs, Vipers and so, seem to hold their value OK.

Then there is the question whether parts will become hard to find.

 

Seems to me that value will only rise. And hard to see parts being scarce as Evos are the best time attack platforms and STM literally just set a new ct9a 1/4 mile record. Pretty safe to say our platform is safe.

 

I dunno, do you think anyone other than us cares about stuff like time attack? The average frustrated Evo owner, from what I can tell, cares more about "fitment", " hellaflush", "how lo can u go?" and the other things they talk about in sho-n-shine.

Then again, Evo VIII values haven't taken a sudden hit in recent years when they hit the cutoff age for bank loans, so maybe I just think too much.

 

as long as you have a decent value in KBB a bank will give you a loan for these cars as credit checks out good.

 

Banks are financing cars a lot older now as long as the value and credit score are there. 10yrs ago I would have agreed. Times are changing. When I was in high school a 6yr old car would be about 20% of a new car. No more.

 

Evolutions will be on the list as rare and value on these will eventually go back up. Every car has there share of waves... we'll eventually get a big wave on these values when the time comes. Well.... just wait til the EVOLUTION with hybrid motor comes out... our Value will go back up.

 

Ya but Im optimistic that these kids will grow up and change. Maybe if that happens that trend will die down at least with the evo.

 

Interest rates are the lowest in a decades, means lots of money to lend--hence no issue in getting a loan if you have good credit.
Supply and demand sets prices--supply is low on these cars, and demand is ok--I don't see top dollar being paid on a regular basis for Evo's in all conditions-- like say a 70's vintage chevy where you can pull one out of a junk yard and still make money.
Cash for clunkers took a million cars off the road--that's used cars-- driving used car prices up 30%. so its not demand.
Check out the car auctions like barret Jackson and others---ever see a Japanese car go up, unless its a Toyota 2000GT and was in a bond movie? Nope and they have commented on that as well---there is some demand for older Japanese cars in the US market--but not enough to drive prices up by any means. They really don't bring big cash and don't hold real value as in investment value like other vintage cars-.
While you might be able to hold a bottom on the price of the EVO-- I don't see real value-- investment value in the cars--and Yes, I own one.
I digress---

 

I don't think anyone here is trying to get their vehicle into barret jackson auction, but I just think he is wondering if he should sell the car now before it goes too low in price. I believe the evo should hold it's value pretty good, don't believe it will be on par with the MKIV supra but maybe it will be around 20-30k depending on the condition. The EVO never sold for 50+K so it's not like it will be too much of a lose when finally selling the vehicle.

 

Good point. Just to be contrary, Barrett-Jackson caters to a certain demographic and a certain age. People with receding hairlines and lots of spare geedus, looking to relive their youth.

Back when the Barrett set were young, Japanese cars, for better or worse, were mostly seen as toys or a joke.

 

I too have been wondering what the IX's will end up being worth, being they were only made 1 year… 2006. (SE models can be considered '06 1/2). I have a low mileage, white IX that is lightly modded… and I've been getting offers on it for the two years I've had it. It took two years to search and find my car locally, and I'm very satisfied with it at it's current point and have NO interest in selling it. However, in a time of need, if money was a necessity maybe we'll see.

I am hoping that these cars will be in demand one day… by the people who matter, the JDM crew… not the "receding hairline, beer bellied, Barrett Jackson guys". I hope some of us JDM guys will eventually be looking for certain cars… one of them being the 1-year available Evo IX.

 

never

 

point taken---but these same guys are the ones making the market for collector cars. I used the example of BJ because they sell all kind of cars, new --used collectable and imports of all kinds-- very few Japanese cars.

right about the joke of jap cars-- but consider the 240z, the Toyota 2000 GT, the Datsun 2000 roadster. These represent to best of Japanese sports cars of that era--ie collectible era-- Limited production and great popularity, true sports cars that offered the latest in technology.

67 1/2 Datsun roadster-- band from import because it was considered too fast and too competitive in the American market. First car with a 5 speed in the states and disc brakes.

2000 GT-- bond car, enough said-- Toyota wanted to prove they could build a world class sports car---and did.

240Z-- brought the Japanese sports car to the world--as not the cheap POS redesigned other car Japanese workmanship was known for. Made Nissan what it is today--

Ahh likely preaching to the choir--- but all notable historical points for car enthusiasts

 

My engine is bone-stock & I only have 30k miles on the car. Sometimes I wonder if I shouldn't mode the engine due to what it could be worth, but what's the point of owning a car if you don't enjoy it?

 

I work for a major bank and we wont loan to an older car with over a certain amount of miles. No car is an investment but these seem to do ok. It seems whenever someone sells an evo, they end up missing it.