2006 Evo Values
In no way do I try to preserve my evo but I am impressed by those who manage to have theirs on the road so long. Whenever I get the chance I drive mine too. It's by no means a garage queen and I care nothing about its value since I plan on driving it to my grave. Currently at 35k miles not for a lack of trying. Its just I have my other cars to worry about and the evo is always on a lift getting some new mods.
To be honest, I'm not a mitsu guy or into WRC/Japanese videos, not even into those 3 brits stuff, I just bought my evo because I was pissed my main autocross car was taking too long to get worked on

I think I've only put <25k mi on my car... but I'm over $50k on rebuilds and backup parts (not upgrades and cool stuff) lol I have the freshest motor, trans, both diffs but I'm sure these features are just ammo for low ballers. So i might just keep my car to spread heartaches to people who wanted one
I think I've only put <25k mi on my car... but I'm over $50k on rebuilds and backup parts (not upgrades and cool stuff) lol I have the freshest motor, trans, both diffs but I'm sure these features are just ammo for low ballers. So i might just keep my car to spread heartaches to people who wanted one 

[QUOTE=Spooled_IX;11972621]Even for the novice tuner, its not difficult at all to pull some timing up top if your AFR's are ok.
I have been doing a bit of reading on the forums about basic tuning. It is interesting and I've been thinking to get the hardware so I can at least do basic logging.
Might be worth the time to learn until I get the block fixed, since the car is still running.
I have been doing a bit of reading on the forums about basic tuning. It is interesting and I've been thinking to get the hardware so I can at least do basic logging.
Might be worth the time to learn until I get the block fixed, since the car is still running.
Fortunate to have recently purchased another 2006 MR…
When you get an Evo today, you have to realize that they are old, so LOTS of parts need to be replaced, and LOTS of heavy maintenance and restoration needs to be done. I don’t care how clean of an Evo you can find, everything I have read suggests that based on age, you need to replace the Timing Belt. From there, it’s a deep (and fairly rusty) rabbit hole. So, although transaction values are one thing, “build” values have to be considered too. It has taken 4 months to get the below work completed to get my Evo to the condition that I want. STM Tuned and JD Customs had all the Parts I needed, and have the Evo dialed in!
When you get an Evo today, you have to realize that they are old, so LOTS of parts need to be replaced, and LOTS of heavy maintenance and restoration needs to be done. I don’t care how clean of an Evo you can find, everything I have read suggests that based on age, you need to replace the Timing Belt. From there, it’s a deep (and fairly rusty) rabbit hole. So, although transaction values are one thing, “build” values have to be considered too. It has taken 4 months to get the below work completed to get my Evo to the condition that I want. STM Tuned and JD Customs had all the Parts I needed, and have the Evo dialed in!
For anyone looking: find a private buyer. BaT is not a metric for judging car values. The guy that bought my IX paid less than $25k and got all the extra parts he could carry. Seems to be the going rate of what these cars are actually selling for (when you talk one-on-one with the buyers, afterward).
Not quite. Mine sold for almost that. I get you are exaggerating to make a point, though.
I spent 18 years researching actual sales prices of evos, Not what you see online and for sale posts.
I spoke to the actual sellers and found actual sold prices. Not what you see online.
I'm not speaking in anecdotes. I actually did the research before selling mine.
The outliers are the rare, occasional cars that sell for more then they're worth, due to very specific situations. I mean, that's actually the definition of an outlier, but you get the idea lol
I spent 18 years researching actual sales prices of evos, Not what you see online and for sale posts.
I spoke to the actual sellers and found actual sold prices. Not what you see online.
I'm not speaking in anecdotes. I actually did the research before selling mine.
The outliers are the rare, occasional cars that sell for more then they're worth, due to very specific situations. I mean, that's actually the definition of an outlier, but you get the idea lol
Evos that were taken care of, not over-modded, and have low miles are easily a "buy now" at $50K, and in a few years that number could easily be in the $60-$70K range. It's not like they're making more of them.
A 10 pound bar of solid gold is worth $50 because "most people I talked to offered me $50-$60". Just ignore the markets that track spot price - those are fake. I happen to be the entire market: source - TrustMeBro. There's no way anyone would actually pay over $310,000 for that bar of gold. The guy who bought my 10-pounder paid less than $50 and got all the diamonds he could carry.
The contradiction and cognitive dissonance on display here is astounding. First of all, why do you think you are some "authority" on Evo prices because you sold one on the cheap? Things have changed substantially in the last twenty years so even going back more than 2 years is meaningless. What these cars were selling for in 2019 is no longer valid, let alone in 2005. Then you say "cars that sell for more than they're worth". LOL No dude, they sell for what they are worth.
Evos that were taken care of, not over-modded, and have low miles are easily a "buy now" at $50K, and in a few years that number could easily be in the $60-$70K range. It's not like they're making more of them.
The contradiction and cognitive dissonance on display here is astounding. First of all, why do you think you are some "authority" on Evo prices because you sold one on the cheap? Things have changed substantially in the last twenty years so even going back more than 2 years is meaningless. What these cars were selling for in 2019 is no longer valid, let alone in 2005. Then you say "cars that sell for more than they're worth". LOL No dude, they sell for what they are worth.
Evos that were taken care of, not over-modded, and have low miles are easily a "buy now" at $50K, and in a few years that number could easily be in the $60-$70K range. It's not like they're making more of them.
I actually did research to collect my information. But feel free to insert your opinion too. That's what during are for.
My take is if your focused on these cars for values, your prolly not a real driving enthusiast. Some people are more of a collector enthusiast.
That will play a lot in what you are willing to pay for and work with (given you have a budget like normal people).
The value on the trend is up, as this discussion post has showed. However, I wouldn't get into any Evo saying YES, I made a great investment (money wise). I simply love to drive them, therefore mileage will increase !
At this point, I have invested in smiles per gallon; and a great hobby that keeps me dreaming !
That will play a lot in what you are willing to pay for and work with (given you have a budget like normal people).
The value on the trend is up, as this discussion post has showed. However, I wouldn't get into any Evo saying YES, I made a great investment (money wise). I simply love to drive them, therefore mileage will increase !
At this point, I have invested in smiles per gallon; and a great hobby that keeps me dreaming !
You've seen this, right?
https://www.evolutionm.net/forums/ev...rketplace.html
Another member from here made that google spreadsheet to track the asking AND selling prices of Evos on FB marketplace. Use the "dashboard" link and set the filters to whatever model year you want. For me, it would be 2006, under 50K miles, and "sold = true". The average selling price is $45K but more importantly, the median price of Evos meeting those criteria in 2023 was $48K, which is a notable increase over the 2022 sale prices that were still in the $30K to $40K range. Also facts.
Last edited by SsZERO; Dec 2, 2023 at 01:37 AM.
If your research led you to the conclusion that an Evo in very good to excellent condition with < 50K miles, few mods (if any), should be selling for anything less than $50K then you are showing that your researching skills are lacking... and imagine calling $50K a "fortune" in 2023.
I've said it before, il say it again. I feel like first time owners of the evo 8/9, in general don't value these cars nearly as much as the guys that were kids when they came out dreaming of owning them one day and that's a big reason for prices climbing and will continue to rise. Not only for low mile clean evos but just regular used up condition ones too as low mile ones become harder to find.
Evo 9s in the 25k-30k range are not good examples. They're heavily used/tracked and sometimes returned to stock. Another easy 15-20k is usually required to make these worthy again.
Evo 9s in the 25k-30k range are not good examples. They're heavily used/tracked and sometimes returned to stock. Another easy 15-20k is usually required to make these worthy again.
I've said it before, il say it again. I feel like first time owners of the evo 8/9, in general don't value these cars nearly as much as the guys that were kids when they came out dreaming of owning them one day and that's a big reason for prices climbing and will continue to rise. Not only for low mile clean evos but just regular used up condition ones too as low mile ones become harder to find.
Evo 9s in the 25k-30k range are not good examples. They're heavily used/tracked and sometimes returned to stock. Another easy 15-20k is usually required to make these worthy again.
Evo 9s in the 25k-30k range are not good examples. They're heavily used/tracked and sometimes returned to stock. Another easy 15-20k is usually required to make these worthy again.
Facts.
I was able to own a Evo X brand new, but when the 9 and 8 came out, I couldn't afford it. I have always admired the 8/9, and now I have a 9. I will have to pour at least 15k into this car to get her race reliable again.
Being older now, I am more patient and looking for long term enjoyment. So I decided to get the platform that was my dream, and take my time to build it up. Re-living the days when this was something I dreamed about.
Facts.
I was able to own a Evo X brand new, but when the 9 and 8 came out, I couldn't afford it. I have always admired the 8/9, and now I have a 9. I will have to pour at least 15k into this car to get her race reliable again.
Being older now, I am more patient and looking for long term enjoyment. So I decided to get the platform that was my dream, and take my time to build it up. Re-living the days when this was something I dreamed about.
I was able to own a Evo X brand new, but when the 9 and 8 came out, I couldn't afford it. I have always admired the 8/9, and now I have a 9. I will have to pour at least 15k into this car to get her race reliable again.
Being older now, I am more patient and looking for long term enjoyment. So I decided to get the platform that was my dream, and take my time to build it up. Re-living the days when this was something I dreamed about.
The only, and I mean only downside that I can find, is finding OEM parts is becoming Almost impossible.
Hopefully those that decide to restore these cars can continue to do so.
I never see them on the road anymore, but I would like for that to change.
Based on my experience with both cars and from what people have told me that have owned both, you are going to have so much more fun with the older platform. Even if the Evo 10 were a better car, it's just not the same as having the "classic" body style.
The only, and I mean only downside that I can find, is finding OEM parts is becoming Almost impossible.
Hopefully those that decide to restore these cars can continue to do so.
I never see them on the road anymore, but I would like for that to change.

The only, and I mean only downside that I can find, is finding OEM parts is becoming Almost impossible.
Hopefully those that decide to restore these cars can continue to do so.
I never see them on the road anymore, but I would like for that to change.










