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2006 Evo Values

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Old Sep 15, 2023 | 10:52 AM
  #256  
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Originally Posted by RallySport9
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.
ugh I hate downtime
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
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Old Sep 15, 2023 | 03:06 PM
  #257  
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Originally Posted by Jahtoot
I invested in fun. By no means is this a monetary investment. I am just head over heels when its comes to Evo's. The 9 was always a dream for me to own
I think every car enthusiast would be a happier enthusiast if they owned an Evo 8 or 9 at some point in their lives. It is definitely a unique car that can't be explained well. You have to actually drive it to get it.
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Old Sep 19, 2023 | 02:13 PM
  #258  
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Originally Posted by Jahtoot
**On the current tune, sometimes the SES light flashes at WOT. So its experiencing knock, and I am no tuner. Instead of spending money on a tune now, I think waiting on the new block to do this is wiser.
Even for the novice tuner, its not difficult at all to pull some timing up top if your AFR's are ok.

Originally Posted by ViciousLSD
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
Mine is 163k miles and repainted after a few accidents so I already so I know I would get lowballed if I ever try to sell it. BaT would tear it apart if they would even accept it lol Takes the pressure off on trying to keep its value up
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Old Sep 19, 2023 | 03:22 PM
  #259  
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Originally Posted by Spooled_IX
Takes the pressure off on trying to keep its value up
I've had cars i babied for resale value. It's never been worth it. Not even the exotic.
I could have had fun that was 100x what I got out of the car. Lesson learned, I won't do that again.
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Old Sep 19, 2023 | 03:28 PM
  #260  
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[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.
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Old Sep 21, 2023 | 01:06 AM
  #261  
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Originally Posted by evoixde
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!
That's probably true in general. I have seen many Evos modded foolishly and carelessly, to the point where you really have to wonder why people would ruin a car that is pretty much fine as it is stock...but I don't think that is the case for every Evo IX out there. Don't believe everything you've read - there's a lot of nit-picking nonsense that people on forum echo chambers drum up to magnify minor issues. You can pop the timing chain cover off and check its condition quite easily before actually replacing it. You also make a good case in support of paying more for a well-kept Evo with lower miles and none of the over-the-top mods.
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Old Sep 21, 2023 | 01:32 AM
  #262  
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Originally Posted by kaj
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).
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.

Originally Posted by kaj
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
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.
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Old Sep 21, 2023 | 02:11 PM
  #263  
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Originally Posted by SsZERO
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.
You come across as someone who just over paid for one or has one he is hoping to sell and make a fortune.
I actually did research to collect my information. But feel free to insert your opinion too. That's what during are for.
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Old Sep 21, 2023 | 02:54 PM
  #264  
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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 !

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Old Sep 21, 2023 | 02:55 PM
  #265  
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Originally Posted by kaj
You come across as someone who just over paid for one or has one he is hoping to sell and make a fortune.
I actually did research to collect my information. But feel free to insert your opinion too. That's what during are for.
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. When we look at the fact that basic necessities like food, housing, and fuel are double+ in price since 2019 your $50K today is like having $25K in 2019. Facts.

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.
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Old Sep 21, 2023 | 02:58 PM
  #266  
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Originally Posted by Jahtoot
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.
At this point, I have invested in smiles per gallon; and a great hobby that keeps me dreaming !
you, sure, are doing it right.

Originally Posted by SsZERO
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.
Well, there is your problem. I said about 0% of that.
​​​​​
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Old Sep 22, 2023 | 09:06 AM
  #267  
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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.
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Old Sep 22, 2023 | 09:39 AM
  #268  
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Originally Posted by RallySport9
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.

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.

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Old Sep 22, 2023 | 09:54 AM
  #269  
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Originally Posted by Jahtoot
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.
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.
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Old Sep 22, 2023 | 10:11 AM
  #270  
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Originally Posted by kaj
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.
Yes part availability for the CT9 is a big problem. Like me currently waiting on a OEM block from the dealer.
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