EVO X MR Used Market.. What's going on?
Jan 9, 2009, 07:15 PM
#33
If you were happy and satisfied with your purchase when you first bought your car, then why care "what if" you got one for less.
Prices on cars are ALWAYS going to drop, cars depreciate, that's just how it is. The terrible economy just helped speed up the price decline.
Take it as a lesson learned, when you buy a car when it is first released you are bound to pay the premium. And if you paid attention to what was going on in the economy you could have seen this price drop comming.
But don't get down and be happy with what you got.
Jan 10, 2009, 06:54 PM
#34
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where can i find an evo x mr in washington state? the only one i found was 44k and in the color i dont want and loaded with luxury crap i dont want. its so frustrating nobody has one. it looks like im gonna have to special order one.
Jan 10, 2009, 08:07 PM
#35
The Viii's and IX's may appear to be selling for a lot more, but actually seeing them on the lot, or listed somewhere doesn't mean they are selling for the prices advertised. My RS with 4,680
miles just sold for 23,3 after having it up from 25,000 then dropping it down, i'm making a bit of a profit on the car, but not much. Look on ebay... but look at the completed listings... not what people want for them and you'll find they aren't going for nearly what you think they are.
miles just sold for 23,3 after having it up from 25,000 then dropping it down, i'm making a bit of a profit on the car, but not much. Look on ebay... but look at the completed listings... not what people want for them and you'll find they aren't going for nearly what you think they are.
why didnt you drive it?
Jan 11, 2009, 10:09 AM
#36
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Let's work it out:
New base MR: $35,000 (or less if you are a good negotiator.) has sold for this for a while
It's the year 2009...so let's use the IRS's very conservative depreciation amount of 20%...
$28,000 left...
Let's assume equal goods now, and take the EVO at $35,000 and compare used vs new financing.
Late model financing for a pretty good credit union: 4.99% for 60 months
Mitsubishi financing: 0% for 60.
To get equal payments the used car would have to be $31,000. Now add in depreciation/the fact that it is used and maybe abused, the itty bitty three year warranty is used up by however many months the prior owner used it... It's no suprise that anyone with a 2008 is taking a haircut if they are trying to sell now.
New base MR: $35,000 (or less if you are a good negotiator.) has sold for this for a while
It's the year 2009...so let's use the IRS's very conservative depreciation amount of 20%...
$28,000 left...
Let's assume equal goods now, and take the EVO at $35,000 and compare used vs new financing.
Late model financing for a pretty good credit union: 4.99% for 60 months
Mitsubishi financing: 0% for 60.
To get equal payments the used car would have to be $31,000. Now add in depreciation/the fact that it is used and maybe abused, the itty bitty three year warranty is used up by however many months the prior owner used it... It's no suprise that anyone with a 2008 is taking a haircut if they are trying to sell now.
Jan 11, 2009, 10:43 AM
#37
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Let's work it out:
New base MR: $35,000 (or less if you are a good negotiator.) has sold for this for a while
It's the year 2009...so let's use the IRS's very conservative depreciation amount of 20%...
$28,000 left...
Let's assume equal goods now, and take the EVO at $35,000 and compare used vs new financing.
Late model financing for a pretty good credit union: 4.99% for 60 months
Mitsubishi financing: 0% for 60.
To get equal payments the used car would have to be $31,000. Now add in depreciation/the fact that it is used and maybe abused, the itty bitty three year warranty is used up by however many months the prior owner used it... It's no suprise that anyone with a 2008 is taking a haircut if they are trying to sell now.
New base MR: $35,000 (or less if you are a good negotiator.) has sold for this for a while
It's the year 2009...so let's use the IRS's very conservative depreciation amount of 20%...
$28,000 left...
Let's assume equal goods now, and take the EVO at $35,000 and compare used vs new financing.
Late model financing for a pretty good credit union: 4.99% for 60 months
Mitsubishi financing: 0% for 60.
To get equal payments the used car would have to be $31,000. Now add in depreciation/the fact that it is used and maybe abused, the itty bitty three year warranty is used up by however many months the prior owner used it... It's no suprise that anyone with a 2008 is taking a haircut if they are trying to sell now.
Jan 11, 2009, 03:55 PM
#38
FWIW, I paid a bit below sticker for my SE, when I knew full-well that I could have gotten it for much less. OTOH, I would have had to pay for shipping, severely decreasing the possible savings, and the remaining ~$700 was well-worth it to me to be able to inspect the car before taking delivery and to establish a relationship with the store. My car is serviced at the same dealer, and they have not said word-one about a possible warranty violation due to the mods. The sole warranty issue I had was handled with blinding speed. During a casual discussion, just shooting the **** while having a cig, the service manager told me that none of that would have happened if I were not a costumer of the store. My point being, other factors figure into the price other than the actual amount paid.
Jan 12, 2009, 03:06 PM
#39
car worth what the people willing to pay for it. You can advertise them 29k if nobody buy it for that.
But they will not put it out there: oke we sold it for 24 k.
Also i personally liked all the evo models i had and drove.
And that is more then 4 generation of evos.
For me the value of the evo is depending on :
-milage
-condition
-and the invested money in it. /example: full HKS turbo kit and exhaust, for me worth little extra money, for some the wheels and leathers do a same/
and i dont care that is an evo 4 or the IX.
But they will not put it out there: oke we sold it for 24 k.
Also i personally liked all the evo models i had and drove.
And that is more then 4 generation of evos.
For me the value of the evo is depending on :
-milage
-condition
-and the invested money in it. /example: full HKS turbo kit and exhaust, for me worth little extra money, for some the wheels and leathers do a same/
and i dont care that is an evo 4 or the IX.
Jan 12, 2009, 03:15 PM
#40
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SCM isnt the only one selling 05/06 for over 28xxx/32xxx with over 35k miles
http://www.cars.com/go/search/detail...eadExists=true
http://www.cars.com/go/search/detail...eadExists=true
now look at the kelley blue book price on the Evo9
http://www.kbb.com/KBB/UsedCars/Pric...780%7C0%7C0%7C
05 Evo8
http://www.kbb.com/KBB/UsedCars/Pric...780%7C0%7C0%7C
http://www.cars.com/go/search/detail...eadExists=true
http://www.cars.com/go/search/detail...eadExists=true
now look at the kelley blue book price on the Evo9
http://www.kbb.com/KBB/UsedCars/Pric...780%7C0%7C0%7C
05 Evo8
http://www.kbb.com/KBB/UsedCars/Pric...780%7C0%7C0%7C
Its so sad that the new model comes out "X" and is considered such a bust that the value of the older models goes up.. that is terrible for mitsu and grounds for removal of their CEO..
Jan 12, 2009, 03:20 PM
#41
Jan 12, 2009, 03:20 PM
#42
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Jan 12, 2009, 04:12 PM
#44
If you buy one from a dealer you should have no problem getting one for a little over $20,000. You'd be a fool to pay anything more. Here are some recent prices on 2006 MR's:
'06 Evolution MR Edition
11/24/08 GTR TMPA Regular $19,200 21,244 Avg L GREY 4GT 6 Yes
12/05/08 NEVADA Lease $15,100 44,462 Below GRAY 4GT 6 Yes
12/09/08 FAAO Regular $19,325 37,887 Avg SILVER 4GT M Yes
12/10/08 DENVER Lease $13,250 20,064 Below SILVER 4GT 5 No
12/10/08 CADE Lease $21,000 24,279 Above GRAY 4GT 6 Yes
12/11/08 FRESNO Lease $20,500 16,540 Above GREY 4GT 6 Yes
12/12/08 NEVADA Regular $17,800 45,048 Avg SILVER 4GT 6 Yes
12/17/08 NADE Lease $20,200 40,786 Avg DRGREY 4GT 6 Yes
'06 Evolution MR Edition
11/24/08 GTR TMPA Regular $19,200 21,244 Avg L GREY 4GT 6 Yes
12/05/08 NEVADA Lease $15,100 44,462 Below GRAY 4GT 6 Yes
12/09/08 FAAO Regular $19,325 37,887 Avg SILVER 4GT M Yes
12/10/08 DENVER Lease $13,250 20,064 Below SILVER 4GT 5 No
12/10/08 CADE Lease $21,000 24,279 Above GRAY 4GT 6 Yes
12/11/08 FRESNO Lease $20,500 16,540 Above GREY 4GT 6 Yes
12/12/08 NEVADA Regular $17,800 45,048 Avg SILVER 4GT 6 Yes
12/17/08 NADE Lease $20,200 40,786 Avg DRGREY 4GT 6 Yes
