Financing difficulties
i got mine financed thru bank of america.
They loaned me way over book value.
they called and told me i was asking for to much for the car.... I explained it was extremely low miles, great condition, lots of extras and these cars arent found like this anymore... and was worth the money.
she approved it.
boom!
They loaned me way over book value.
they called and told me i was asking for to much for the car.... I explained it was extremely low miles, great condition, lots of extras and these cars arent found like this anymore... and was worth the money.
she approved it.
boom!
I think Evos will one day be a collectible car, but only time will tell. A car's pedigree, influence in automobile society, rarity, and demand will determine its value as a collector car. It's hard to see it now but I've seen lesser examples shoot up in value simply due to the factors listed.
Newbie
Joined: Apr 2015
Posts: 32
Likes: 0
From: Columbus, OH
Long time lurker aroud here, however I just recently purchased an Evo so these are my first few posts.
First off, your probably better off searching for another Evo for that price point, as everyone else has been saying. $30k for a 10 year old car makes zero sense. You can find a lower mileage Evo ( maybe even a XI with SSL package ) for far less.
Financing evo's are possible but can be difficult for some. I went through my credit union and was approved no hassle for up to 20k. Had my choice of going to a dealer or private party with them knowing my vehicle purchase would be an Evo. I am now 29, and have wanted an Evo since they were fist released in the US.
Don't rush into. You'll find a good Evo for the right price if you keep looking.
First off, your probably better off searching for another Evo for that price point, as everyone else has been saying. $30k for a 10 year old car makes zero sense. You can find a lower mileage Evo ( maybe even a XI with SSL package ) for far less.
Financing evo's are possible but can be difficult for some. I went through my credit union and was approved no hassle for up to 20k. Had my choice of going to a dealer or private party with them knowing my vehicle purchase would be an Evo. I am now 29, and have wanted an Evo since they were fist released in the US.
Don't rush into. You'll find a good Evo for the right price if you keep looking.
I have no doubt I will be approved for at least $20k. Probably even $23k. And I have been looking now for about 3 months honestly. There was one other before this one that had my attention but it sold rather quickly.
I understand the situation more than most because my dad passed away, I was finishing college, at the time married (now divorced), had been wanting an Evo since my first drive in one in 2005, and I knew what I wanted. I found what I wanted except for the color, I wanted blue or white and they never made a IX SE in those colors. I decided to honor my dad in a way that he would have wanted after his passing by chasing down my dream car because it was in reach with the money that was left (used some of the money to not work full time so that I could finish college early).
I put down $5K and financed the rest through my Credit Union. I flew to Chicago from Georgia to get mine since the ones that I was finding in the south were junk or high miles. Mine had right at 55K miles on it when I picked it up and drove it back. I paid $24K for it almost three years ago.
Personally I think that the dealer is trying to rip you off at $31K for 26K miles. You are a little paranoid from your Jeep experience to be honest. One thing that I can't believe has not been said here is that you should have a reputable shop check out this Evo or any Evo that you look at, if they refuse to let you have this done at your cost then walk away from it. If you can't find a shop at the minimum have a Mitsubishi dealer check it out and have them do a compression check.
To find what you want you will have to be patient, it took me six months to find mine and I was searching daily on every site I could find. I got mine from Orland Toyota in Chicago and a few forum members went by and checked it out for me. I don't regret a single minute of waiting or since the purchase.
Hope this helps.
I put down $5K and financed the rest through my Credit Union. I flew to Chicago from Georgia to get mine since the ones that I was finding in the south were junk or high miles. Mine had right at 55K miles on it when I picked it up and drove it back. I paid $24K for it almost three years ago.
Personally I think that the dealer is trying to rip you off at $31K for 26K miles. You are a little paranoid from your Jeep experience to be honest. One thing that I can't believe has not been said here is that you should have a reputable shop check out this Evo or any Evo that you look at, if they refuse to let you have this done at your cost then walk away from it. If you can't find a shop at the minimum have a Mitsubishi dealer check it out and have them do a compression check.
To find what you want you will have to be patient, it took me six months to find mine and I was searching daily on every site I could find. I got mine from Orland Toyota in Chicago and a few forum members went by and checked it out for me. I don't regret a single minute of waiting or since the purchase.
Hope this helps.
My main thought still is that the prices are going up due to Evo's no longer being produced. I can run down a list of the number of Evo 8/9's that I have seen for $28k+ all the way up to $40k (I stand corrected from my previous post stating $35k). And the thing is, there are a LOT of them up around that price. I've been talking with the seller a lot and he has owned 5 evos in the past, one of which was 640awhp. He knows his stuff and has walked me through a lot of details about the car.
I appreciate you looking out and mentioning the compression check. Fortunately I have done my fair amount of research and have a compiled list of things to look for
Great idea about having some nearby forum members go check out the car. I may just make my way to the Florida chat thread and see if anybody is local to this Evo. What would you say an Evo 9 w/26100 miles is worth? Mind you with just an exhaust, downpipe, exhaust manifold, and coilovers? I see tons of Evo's at $27k +...
look at the first 12 or so here
https://www.cars.com/for-sale/search...198&mdId=21379
(I am not trying to argue with you or anything, just showing you what I see.. I know, it's 10 years old..)
This^ Just because it has low miles doesn't mean it's impervious to mechanical failure or abuse. Those 26,000 miles could have been hard miles.
31K is insane for an Evo... The Evo was my dream car too, but let's be honest here... It's a Mitsubishi not a used M3 or something that would make sense for that price. Take your time and don't rush into it, because most times after rushing into a "deal" like that you end up finding a much better deal a few months later and regretting your decision. Pay attention to what all of us are saying lol were not trying to keep you from your dream car, just trying to keep you from paying unjustifiable prices for it.
31K is insane for an Evo... The Evo was my dream car too, but let's be honest here... It's a Mitsubishi not a used M3 or something that would make sense for that price. Take your time and don't rush into it, because most times after rushing into a "deal" like that you end up finding a much better deal a few months later and regretting your decision. Pay attention to what all of us are saying lol were not trying to keep you from your dream car, just trying to keep you from paying unjustifiable prices for it.
And, just my opinion, but Evo > M3. Don't get me wrong, M3's are sexy.
http://www.barrett-jackson.com/Event...TOM-SUV-184207
Newbie
Joined: Apr 2015
Posts: 32
Likes: 0
From: Columbus, OH
i got mine financed thru bank of america.
They loaned me way over book value.
they called and told me i was asking for to much for the car.... I explained it was extremely low miles, great condition, lots of extras and these cars arent found like this anymore... and was worth the money.
she approved it.
boom!
They loaned me way over book value.
they called and told me i was asking for to much for the car.... I explained it was extremely low miles, great condition, lots of extras and these cars arent found like this anymore... and was worth the money.
she approved it.
boom!
Newbie
Joined: Apr 2015
Posts: 32
Likes: 0
From: Columbus, OH
For what it's worth to everybody, I am making notes of numerous amounts of Evo's that are for sale / have sold within the last year or two and am comparing them to NADA values. Every single one of them so far has been well above NADA value.. (assuming good condition aka not some clunker).
I feel that the prices are increasing due to the Evo's cease in production... look at this for example. Note the first 12 evo's or so.
https://www.cars.com/for-sale/search...198&mdId=21379
On top of that, the seller of the Evo I am looking at is saying that all the Evo wholesale auction prices are typically $5-6k above NADA value. He said he would send me a screenshot. Keep in mind that is the price that dealers are buying them for..
I feel that the prices are increasing due to the Evo's cease in production... look at this for example. Note the first 12 evo's or so.
https://www.cars.com/for-sale/search...198&mdId=21379
On top of that, the seller of the Evo I am looking at is saying that all the Evo wholesale auction prices are typically $5-6k above NADA value. He said he would send me a screenshot. Keep in mind that is the price that dealers are buying them for..
You're talking to a bunch of cheap and broke Evo owners here. Buy what you want. You won't find a low mileage 9 for dirt cheap. You should pay the amount you believe it is worth to you. Forget what other people have to say about it - you already know prices on these cars.
Ask yourself what your time is worth. You can keep looking for months, or years... And never find another unicorn.. Or you could find one and someone else snatches it before you.. And you could die in your searching, never getting to drive your own Evo. Nothing in life is guaranteed.
I believe it is worth overpaying for something you really want - if you can afford it - and if you think it's worth it.
Ask yourself what your time is worth. You can keep looking for months, or years... And never find another unicorn.. Or you could find one and someone else snatches it before you.. And you could die in your searching, never getting to drive your own Evo. Nothing in life is guaranteed.
I believe it is worth overpaying for something you really want - if you can afford it - and if you think it's worth it.
Originally Posted by kpt6
You're talking to a bunch of cheap and broke Evo owners here. Buy what you want. You won't find a low mileage 9 for dirt cheap. You should pay the amount you believe it is worth to you. Forget what other people have to say about it - you already know prices on these cars.
Ask yourself what your time is worth. You can keep looking for months, or years... And never find another unicorn.. Or you could find one and someone else snatches it before you.. And you could die in your searching, never getting to drive your own Evo. Nothing in life is guaranteed.
I believe it is worth overpaying for something you really want - if you can afford it - and if you think it's worth it.
Ask yourself what your time is worth. You can keep looking for months, or years... And never find another unicorn.. Or you could find one and someone else snatches it before you.. And you could die in your searching, never getting to drive your own Evo. Nothing in life is guaranteed.
I believe it is worth overpaying for something you really want - if you can afford it - and if you think it's worth it.
The car the OP is looking for is out there for around a much more reasonable $25k he just needs to keep looking...
Lol please don't take that guys advice. It's terrible advice for one, and two I doubt very many of us are broke. As razorlab said, we're being logical, and responsible. Sure if you don't want a house and you want to blow your money like that, by all means go right ahead it's not my money, but since you're hearing from numerous people who have made this mistake before you'd be silly to not listen. It doesn't make sense to buy an 8 or 9 for that price in that condition when you can get the same thing for much cheaper if you just spend more time looking. Patience is a virtue my friend
Evolved Member
Joined: Nov 2013
Posts: 1,538
Likes: 91
From: Houston
So you would buy a car without options you wanted such as a transmission but you could just swap that out later, yet you won't contemplate painting the silver car that has all the options you want, lower mileage, and cheaper? lol ok...
I've said it before in this thread, lightstream.com a sun trust bank will loan you money at a low rate without bothering what you are buying. Want to go buy a 2006 EVO unicorn edition for 40k, go for it, as long as you have great credit they will send you over a check in a few days.
I bought my wifes 02 Mercedes that way. Thing was mint - 45k one owner, AMG. Runs like stink.
YOLO but get the silver one you numpty.
I've said it before in this thread, lightstream.com a sun trust bank will loan you money at a low rate without bothering what you are buying. Want to go buy a 2006 EVO unicorn edition for 40k, go for it, as long as you have great credit they will send you over a check in a few days.
I bought my wifes 02 Mercedes that way. Thing was mint - 45k one owner, AMG. Runs like stink.
YOLO but get the silver one you numpty.
Newbie
Joined: Apr 2015
Posts: 32
Likes: 0
From: Columbus, OH
Lol please don't take that guys advice. It's terrible advice for one, and two I doubt very many of us are broke. As razorlab said, we're being logical, and responsible. Sure if you don't want a house and you want to blow your money like that, by all means go right ahead it's not my money, but since you're hearing from numerous people who have made this mistake before you'd be silly to not listen. It doesn't make sense to buy an 8 or 9 for that price in that condition when you can get the same thing for much cheaper if you just spend more time looking. Patience is a virtue my friend
So you would buy a car without options you wanted such as a transmission but you could just swap that out later, yet you won't contemplate painting the silver car that has all the options you want, lower mileage, and cheaper? lol ok...
I've said it before in this thread, lightstream.com a sun trust bank will loan you money at a low rate without bothering what you are buying. Want to go buy a 2006 EVO unicorn edition for 40k, go for it, as long as you have great credit they will send you over a check in a few days.
I bought my wifes 02 Mercedes that way. Thing was mint - 45k one owner, AMG. Runs like stink.
YOLO but get the silver one you numpty.
I've said it before in this thread, lightstream.com a sun trust bank will loan you money at a low rate without bothering what you are buying. Want to go buy a 2006 EVO unicorn edition for 40k, go for it, as long as you have great credit they will send you over a check in a few days.
I bought my wifes 02 Mercedes that way. Thing was mint - 45k one owner, AMG. Runs like stink.
YOLO but get the silver one you numpty.
2. The sunroof and 6spd (at lower mileage) is not a deal breaker for me.
3. I have considered a whole body color change but thought I heard that is a total PITA.
4. I talked with Lightstream last week. My impression is that they require elite credit and want to see a good amount of liquid assets so that one could immediately pay back a loan if they were to default or something were to happen. After speaking with them, I took to Google and read tons of reviews. A lot of people with good credit scores and good incomes were declined. I d0 not want to take a credit score hit for a hard inquiry when I will most likely be declined.