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Evo X Final Edition Worth the Money?

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Old Dec 30, 2015 | 07:55 AM
  #31  
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Originally Posted by ChibiEvo
The lack of Recaros was something I considered when I bought my FE, and while I would have preferred to have them, it's not a deal breaker. At the end of the day they are seats. I'm not planning on going on the world rally tour so the functionality in reality is not that huge. It's more of a "look" thing, and I figured I am already getting a limited edition car with a special look to it. So yea it's a negative but I think it's a bit unecessary in the big picture to fixate that much on a pair of seats.
Oh yea, the seats really aren't that bad at all, and are very comfortable. I'm not fixated on them, it just stings a bit that now that I can finally afford the car, Mitsubishi dropped one of the things about it that I always loved.

I'm very happy with my purchase, but I had no idea that other places got the stuff we lost in the 2015 models when I bought it ( for the same MSRP ), or I probably would have taken a serious look at the Canadian cars to see what it would have taken to bring it to the US.

Although it might have sounded like it at the end of my previous post, I really wasn't complaining about the seats lol... I'm mostly just trying to figure out if I want to mod the car or leave it stock, and was just saying that I wouldn't be so torn if I bought a regular GSR.
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Old Dec 30, 2015 | 08:10 AM
  #32  
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Originally Posted by ChibiEvo
I think selling it for profit is realistic many years from now.
Profit would imply you recoup purchase price + money spent on ownership (including insurance) + inflation - the value of its use for those years.

Cars are simply not a good investment (with the exception of a few limited run exotics).

If investors thought the FE was a gold mine, they would not be sitting on lots or being sold at invoice.

If the FE was a global release of the FQ440 then I would agree with you. But a few cosmetic changes and a production number plate does not make it an instant classic.
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Old Dec 30, 2015 | 08:11 AM
  #33  
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Investing in a car is one of the worst investments a person could make. Look at the 08 GT500 owners who kept their cars low mileage thinking it would be worth more in the future. You pay 60-70k for a car that's only worth about low to mid 30k 7 years later. Buy the car cause that's what you want not to make a profit cause it's not guaranteed it's gonna be worth more then you paid. Personally, I don't see a return on investing in a this car IMO.
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Old Dec 30, 2015 | 08:22 AM
  #34  
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By many years I don't mean 7. I mean 30, 40. Talking about you being in an old folks home or your kids selling it after you're dead. In that context, yea it is certainly possible a low mileage FE could increase in value, especially if many of the 1600 get destroyed over the next 30 or 40 years. But again, I doubt a lot are buying it focused on that. Most want it because it is a cool car with extra goodies and limited production.
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Old Dec 30, 2015 | 08:27 AM
  #35  
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Originally Posted by ChibiEvo
By many years I don't mean 7. I mean 30, 40.
Your example only highlights how bad of an investment a car is. Do you have any idea of what kind of return you could expect on $38k after 40 years.

$267,519.57 at 5% http://investor.gov/tools/calculator...est-calculator

Put in $100 per month (instead of going to a high auto insurance payment) and it jumps to $412,479.30
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Old Dec 30, 2015 | 08:36 AM
  #36  
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The number one complaint seems to be the seats on these FE models, which I don't think is really an issue at all in my opinion. I honestly think it's worth getting one now than waiting let's say within months or a year from now because the prices will undoubtedly sky-rocket.
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Old Dec 30, 2015 | 08:45 AM
  #37  
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Originally Posted by nemsin
Your example only highlights how bad of an investment a car is. Do you have any idea of what kind of return you could expect on $38k after 40 years.

$267,519.57 at 5% http://investor.gov/tools/calculator...est-calculator

Put in $100 per month (instead of going to a high auto insurance payment) and it jumps to $412,479.30
You are arguing against a straw man. I don't think anyone has identified a single person who is stating that they are taking the risk of investing in this car hoping for that specific return. People are buying the car for the same reason they want a regular evo, they want an expensive toy. They are getting enjoyment out of the car that is not quantifiable in dollars. So there is no issue of whether someone is arguing it is a good risk to bet on that kind of return. The only thing I was saying is that in addition to your enjoyment of the car, it is likely the car will hold its value better than non-FE and might be worth more 30-40 years from now. And yes, that could include profit. It could be 2 dollars profit. Those are all valid points. This isn't investment advice.
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Old Dec 30, 2015 | 11:06 AM
  #38  
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Originally Posted by nemsin
Its not a question of whether it will be worth more. The question is, will the FE depreciate slow enough to offset its initially higher cost? Since I don't think reselling it for a profit is realistic.

If you are serious about cashing in down the road, then buy a used Evo and invest the money use save in your 401k.
the FE cost compared to a SS car is whopping $1000, but it has more goodies such as suspension and brakes that may or may not matter to you, but does to me, as I'd have to spend considerably more than a grand to get the suspension and brakes. To me that makes it a good value. I am also quite sure that should I ever decide to sell it, I'd get at least as much as a SS car.
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Old Dec 30, 2015 | 11:11 AM
  #39  
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I have a 2015 and swapped the seats to 2014 leather heated recaro. THe swap was crisp. I just needed to go to a dealer to recalibarte weight sensor and boom. wAAAAAy better
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Old Dec 30, 2015 | 11:14 AM
  #40  
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Except I never recommended an SS car. I think a base GSR is the way to go. If it were me I would buy a low mileage 2013 or 2014. That way you get the Recaros and do not get hit with the initial depreciation a new car takes the moment you drive it off the lot.

If the FE is the car for you, more power to you. If you really can find one at invoice, then it may even be a good deal. But at MSRP, I am not convinced.
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Old Dec 30, 2015 | 01:12 PM
  #41  
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Originally Posted by nemsin
Except I never recommended an SS car. I think a base GSR is the way to go. If it were me I would buy a low mileage 2013 or 2014. That way you get the Recaros and do not get hit with the initial depreciation a new car takes the moment you drive it off the lot.

If the FE is the car for you, more power to you. If you really can find one at invoice, then it may even be a good deal. But at MSRP, I am not convinced.
Let me ask you, how much is a 2013 or a 2014? I don't think you've checked prices. Here are a few examples--
2014 with just under 5000 miles for only $34990 base car too..
http://www.cars.com/vehicledetail/de...2363/overview/
2014 with roughly 8000 miles, base car too, ewww
http://www.cars.com/vehicledetail/de...4788/overview/
2013 with 24000 miles, with SS package for $32000
http://www.cars.com/vehicledetail/de...9556/overview/

For someone who pretends to be a financial adviser, please tell me how any of these save me "the depreciation off the lot"? How are any of these a better buy than my $37200 FE?
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Old Dec 30, 2015 | 02:52 PM
  #42  
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Originally Posted by Dandbest
How are any of these a better buy than my $37200 FE?
You can find a used low mileage 2013-14 GSR for under $28K. Here is one I found in less than 1 minute of searching http://www.autotrader.com/cars-for-s...76794821&Log=0

I imagine if I was really in the market and had cash in hand ready to buy I could find one for 26-27K. You do not have to be a financial adviser to know about new car depreciation. But feel free to spend your money however you like.

Last edited by nemsin; Dec 30, 2015 at 02:58 PM.
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Old Dec 30, 2015 | 02:58 PM
  #43  
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^^^^ that's been in an accident!!!!!
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Old Dec 30, 2015 | 03:08 PM
  #44  
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Lol yea it says rear collision accident. Wonder why he's selling :0
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Old Dec 30, 2015 | 03:11 PM
  #45  
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Used low mileage 2013-14 X's are all over the internet.

How many examples would it take for you to believe you can get a low mileage GSR for less than 28K. https://www.carstory.com/cars/make-m...ncer_evolution
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