So been wanting to ask this. Should I lease the car or buy it? Given that they are killing the evo, the resale will tank and if I buy I am stuck with that cost. The leasing terms seems to be normal for now (the 150ish monthly per 10k rule) and it is very tempting to get some. And at the end, maybe the valuation of the car will follow market, which will likely be settled then when the car is out of production for 3 years or so.

On the other hand, if I waited a bit and buy, do you guys think there would be some sweet deals out there? ATM, there is only 1 dealer that are willing to play ball at near invoice with the 2k rebate for a 2014 MR, and even then that is not where I'd like for a car that is going out of production entirely soon.

 

Seems like money is the major factor...if you can't afford a new one, buy a used. I don't really see the price going down anytime soon for this car, matter of fact it could be going up, but hey what do I know. If you're going to lease and end up wanting to own the car down the road, it's going to hurt you financially. If money is NOT a major factor and you just want a door buster deal....well good luck.




Now, as for waiting to buy and getting a sweet deal...well that depends how long lol, but then again...what do I know. Not a damn thing. Just trying to get my post #'s up.

 

i think the resale will still be very good since the evo is an iconic well known car that has always been known to hold its value. With the fact that there will be no more new ones adding on the car will become harder to find and therefor i think worth a bit more but only time will tell.

 

How's your credit? I just picked up my '15 and got 2.89% for 72mo. That put me in a better deal than leasing with a buyout on the residual. The residuals on Evos have historically been pretty high so don't expect a bargain if you want to buy out the car at the end of 3 years. You'd be looking at a $20k+ car loan after a 3 year lease. If you don't want to mod it, and you get into different cars ever couple years, and you don't drive a ton (that's a lot of IFs) the lease might work.

 

I just leased to buy mine (2015 MR)... got the monthly down like close to $200 less than if i bought it outright. Its really all up to you and where you sit with cash. You also need to factor in the insurance side of this thing as well (will be different depending on where you live). Another thing is MODs.... Anything you do to a lease you need to return to stock outside of window tint!! so you have to also think about that as well. Do you spend the money to get a new one or shop around a little and get a used one and then put some money into it making it the way you want???!!!!??? I.E. springs, coil-overs, tune, exhaust... you get the idea. I often go back an forth between should i have gotten a used GSR and built it or just be happy i have one...

As for the value tanking out... NEVER GOING TO HAPPEN!!!! These cars are the most popular cars out there in their class. Do they have their issues YES?!? However if you do some more reading in this forum you will find that people are on their 2nd or in some cases their 3rd EVOs for a reason... I have read people going from an X to and M3 and back bc the x was that much better of a "drive"..... I have a friend who just traded his 08 WW MR with 80K on it to a dealer for a 13 GSR and they gave him $30K for his car..... so in 7 years and 80k miles later the care only lost $8ish k in value... I would says that's really good.

If i had to do it all over again here it the list of things i would think about
1. GSR or MR ( SST can handle a good amount of power however if you want to make more than lest say 350WHP you will need to start changing the internals on the SST. I know some will not agree and say it can handle more but you are better safe than sorry... 14k to replace the trans!!!)
2. Recaro seats or not (sit in them both.. my shoulders are too wide for Recaro seats and it hurt my shoulders for long rides in my buddies GSR
3. Mod list, if you have one buy the car if you don't save all your parts and hope you don't have to bring it to the dealer on a lease
4. income vs overhead - remember that there are costs to running this car down the street (yes i know, no sh*T right, 91 or 93 gas $$$ fluids need to be top of the line $$$ and insurance $$$)

Sorry for such a long dragging reply.... good luck with whatever you do!!!

 

Because of the fact that the Evo will be going away after this year, the resale value will hold rock solid, if not fluctuate up a percent. Because of that, I wouldn't wait. Especially for a 2014 because those seem to be the most wanted as of late because of the new seats and rearview mirrors on the 15s.

Second, I would say it all depends on what type of rates you can get for both a car loan vs what they will lease it to you for. I bought my 14 brand new, and my credit union gave me a 1.8% 60month loan.. Too good to pass up ontop of the fact they gave me almost 7k for my WRX that was on it's last legs. That will probably be a large factor on which route to choose.

 

money is a big factor to me, namely I don't want to pay that much for something that is being discontinued and the manufacturer pivoting on what type of cars they want to make.

the thing is, I don't get attached to the cars at end of leases and what not, so I got that going for me.

but it seems everyone here is about buying used if necessary, if so, is there a way to hook up a laptop / something to check that there wasn't hard pulls on the SST over its life time? or is that only possible if I take it to the shop and have them manually examine the tranny itself?

given this is to be my dd, I need an auto in it so the sst is the way way forward. but since this thing has things like launch control and all that fun stuff, a used one worries me to no end.

The issue is this is an evo forum, how about the general population? best in class for a small class still means the resale will drop after people realizing the wrx is still going. it is not like this is best in class in competition to the accord/camary/etc. crap, then there would be 1000s line up to buy any car i'd imagine.

I really want to know about the prices you guys got, and truecar seems to only list new 2015 MRs and not new 2014s with the 2k rebate and lower mrsp, and on those it seems they are hitting very much under invoice. so it does point to the fact that prices are not going to hold as much as you hope (and maybe not going to drop as low as I hope)

I think I will keep these in mind, if I can get 0% apr for 60 months for some reason, I will likely buy it when a 2014 gets invoice and 2k off so it gets to 34ish (not OTD) that will likely be a far better deal than leasing unless the price of these cars just TANK and get something like 33% value like some of the other discontinued cars.

 

You are under a very incorrect assumption of this car, and the ability to support it after they 'no longer make it'. Mitsubishi is required by law to provide parts and service to any vehicle even if they discontinue it for like 10 years. Along with that there is an active and broad aftermarket shop / tuning community.

If the car is new, I wouldn't worry about damage to the SST. Hard pulls won't hurt it, and it has built in launch control so don't worry about that.

It feels like you are wanting to get some killer deal on this model car because in your mind they are no longer going to make it, so they should cut their losses and just hand it to you. That won't happen either.

Whatever you decide, good luck, but your attitude about the car comes across as highly undesirable so perhaps a different car is for you?

 

I guess, but my data points are mostly from other discontinued lines. Like Saabs or the nissian cube for a more recent discontinuation. Almost every car that got the axe have seen something similar. Be it the GM/Ford brands or just a simple line cut. When those things happened, or is happening, there are major cuts out there and dealships see them as losses that needs to be made or else they are left with cars sitting there doing nothing.

I wouldn't mind paying full price for it if this never happened, and I would love an evo as my second or third new car down the line. Which is not happening anymore so I am looking to get one now with my far lowered budget (was looking around frs and maybe a 370z) since this would be my first new car coming in from second hand / old **** all the time.

Maybe evos will be different because it is a good car being run into the ground over by a bad manufacturer (or just the CEO chasing green, in both sense of the word) compared to the older discontinued stuff.

 

The fact that you just compared the Evo values to those of a nissan cube as far as holding there value shows how little you must think of the evo class. It is one of the best performance cars for the money and will continue to impress even after its gone. Look at the evo 8 and 9 values they are still holding very strong.

 

You sound like you have the mindset that these cars are going to tank in price in the near future, and that you are going to be able to still find a new 2014 on a lot, find some mythical incredible deal on it, AND that you're not worried about getting attached because you wont be keeping at the end of the lease...

Sounds like dreamland has it's hold on you, and not to be rude, but I suggest you begin looking at other makes/models of vehicles because none of what you're saying makes much sense and the Evo doesn't sound like the car for you.

 

And where are you getting the figure of 34k for a brand new MR from..? That's not going to happen

 

Agree!!

hop on youtube and just watch what people put an EVO up against and i'm not talking about street racing, I'm talking about review from well known companies... They put the car on tracks with Lambos and GTRs. This is why companies like AMS, ETS, Boostin built EVOs and not Subies.... Even Top gear (BBC) said the EVO crushed the Subie... Hell 5th gear put it up against the GTR many of times...

I think the Cube was put up against the Azteck for the worthless car of all time award!

Just get the car and then post about how crazy awesome it is....

From what i have heard the EVO is going away only b/c Mistu is moving towards an SUV only platform. much like Land Rover ... (not sure how true that it)

 

39k and some change for mine with 0 miles other than transport (18)

 

I don't think you would be able to check if there were any hard pulls done on the SST, i'm guessing someone who's very familiar with the SST transmission will be able to tell if something is wrong if that person were to test drive the car, but if you wanted to go deeper and make sure there's no damage internally, you might have to tear the tranny down and inspect it from that point..... I wouldn't be too worried about purchasing a used evo from the dealer though...it should come with some kind of powertrain warranty. As I say that I myself probably won't purchase a used evo LOL.