I'm looking at trading in my evo x gsr and every dealer I talk to is telling me $25k!!!! For a 2011 loaded gsr with 8k miles? WTF? Rough trade is 27k I figured I'd take a little hit but that's redick

 

sell it privately or better yet just keep it lol.

 

Why are you selling it?

 

yet evo 8 & 9 from 05 and 06 still go for like 22k+... i don't understand!!! lol

 

Lol, I was looking to trade in my Ralliart when it was at 20k miles, I paid ~27k, got offered 12k at 20k miles.

 

I took my Evo X to Carmax just to see how much they would give me for it... they offered me 22k and my car only has 10k miles and it's a 2010

Total rip off

 

I paid 30K for my Spyder loaded brand new. It now has 28k miles, new top, OEM wind deflector. They offered me $12k. Good to see a car drop more than half its value in 3 years. If there is one thing you assume with Mitsu, its that they WILL drop significantly in value. The Evo is really the only one that holds value. But you will probably have to sell private party to get that value. Any dealership is going to rip you off in a trade in. And if they dont, they will find ways to tack it on to the price of the new car you buy.

I remember back in the 90's the cars use to hold their values. They held values so well that banks actually did balloon payments on the vehicles. Now a days you need to ensure you get a good finance rate because you will never get out from under the payment. You will always owe more than what its worth probably until you have about a year left of payments. And by that time its not worth trading in. Just one of the many many reasons why our economy is jacked up.

 

Not surprised one bit. They use auction pricing to give you a trade value.

Sure they'll show you the 27k you want for your trade no problem. Then they'll make up the 2k on the price of the car you are trading it in on.

Enjoy

 

Live and learn. I've sold almost every car I've owned and gotten what I owed or close after only having the vehicle 6-9 months. I even sold out a 3 year lease 1 year in and only lost about $1500. I think I screwed myself into thinking I would grow to love the car and have something newer with a warranty but that's already becoming an issue.

 

I hope you don't mind a somewhat OT question. By doing the above one is in essence paying a monthly rental fee to drive a new car of his choice. The drawback being, one ultimately doesn't get to own anything at the end of a given payment cycle, as the end is never reached, and keeps paying a rental fee as a means of supporting his preference. Don't get me wrong; I'm not making a judgement. I'm simply curious as to the personal/individual rationale.

 

If you're willing to drive, you should take it to Suburban Mitsubishi in Monee, IL.
They offered me $22500 for 2008 Evo X MR PB with 81k miles.

 

if you change cars that often you might as well just lease a car. that way you don't have to worry about selling it.

 

On dealer trade? Yeah... no way man. On an 8?! A dealer will offer you $12k tops. Trust me, Ive seen it happen.


Enthusiast cars need to go private sale, period.

I sold my 1999 NSX for $50k last summer. Porsche dealer had offered me $25k. Nuff said.

 

at least its not as bad as my 370z. Bought a 09 370z in 2009 for $43,000, traded it 8 months later with 16,000km on it and only got $23k for it. $20k drop in value in 8 months..lol.

 

look at the prices of BMW's (3 series at least) once they come out of a lease. that's pretty much a 50% depreciation.