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Evo IX Pricing

Old May 3, 2011 | 09:04 AM
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Evo IX Pricing

So after a few months of looking for an X, I have recently had an increased liking for IX's. I haven't ever driven (except for in test drives) an Evo before, and personally thought I liked the X's body style better. That being said, I can't really seem to find one in my price range so I have kept saving up to get there and kept noticing more and more IX's below my price range for an X.

What do you all feel about the differences for someone in their early 20s are regarding price, and price should I be looking at for a low mile IX. I would be looking for a low mile IX with mild or no modifications that I can get a good 4-5 years if not more, providing me both performance and rationality with 4 doors and AWD (I drive an eclipse now and it just isn't very practical).

Thanks for any input you may have.
Zach

Last edited by lPerformance; May 3, 2011 at 10:25 AM.
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Old May 3, 2011 | 03:20 PM
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Originally Posted by lPerformance
So after a few months of looking for an X, I have recently had an increased liking for IX's. I haven't ever driven (except for in test drives) an Evo before, and personally thought I liked the X's body style better. That being said, I can't really seem to find one in my price range so I have kept saving up to get there and kept noticing more and more IX's below my price range for an X.

What do you all feel about the differences for someone in their early 20s are regarding price, and price should I be looking at for a low mile IX. I would be looking for a low mile IX with mild or no modifications that I can get a good 4-5 years if not more, providing me both performance and rationality with 4 doors and AWD (I drive an eclipse now and it just isn't very practical).

Thanks for any input you may have.
Zach
A low-mileage stock IX will likely cost you more than a low-mileage X.
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Old May 3, 2011 | 04:41 PM
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yeah you're looking at anywhere from 21-25k for a decent IX. if you want low miles (depending on your definition of low miles) probably near 25k.. i think they're in relatively high demand for good condition ixs
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Old May 3, 2011 | 05:14 PM
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All Evo owners want to believe that our cars are worth more than they really are. We also want to believe that they will be worth something in the future. Truth is, right now, they are not and there is no indication that they will be any time soon. Right now you can pay at or below Edmunds value for an Evo, especially if you have cash or finance through a dealer. And Edmunds has IX's valued below X's, all things being equal.

You need to define "low miles" as well as what you will be satisfied with. Low mile IX's (by my definition 10K or less) pop up every now and then because an owner thought his car was going to be worth something later down the road. Some sell at ridiculous prices, most lately have not. But realistically, low mileage is probably going to mean more like 40K to 60K, simply because most will accumulate this kind of mileage in 5yrs. Many will be modded, but some will not be. Some will have been returned to stock under the guise that they always were. But the mods on the car shouldn't scare you. The way the previous owner treated the car should. While this is a bit cliche, take the car to a shop you trust before you buy. Have them drive it and evaluate it thoroughly. Do not buy a problem child, knowingly or otherwise. It won't matter how practical the car is, you will hate it if it makes you empty your pockets.
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Old May 5, 2011 | 09:43 AM
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Originally Posted by PHDoc19
All Evo owners want to believe that our cars are worth more than they really are. We also want to believe that they will be worth something in the future. Truth is, right now, they are not and there is no indication that they will be any time soon. Right now you can pay at or below Edmunds value for an Evo, especially if you have cash or finance through a dealer. And Edmunds has IX's valued below X's, all things being equal.

You need to define "low miles" as well as what you will be satisfied with. Low mile IX's (by my definition 10K or less) pop up every now and then because an owner thought his car was going to be worth something later down the road. Some sell at ridiculous prices, most lately have not. But realistically, low mileage is probably going to mean more like 40K to 60K, simply because most will accumulate this kind of mileage in 5yrs. Many will be modded, but some will not be. Some will have been returned to stock under the guise that they always were. But the mods on the car shouldn't scare you. The way the previous owner treated the car should. While this is a bit cliche, take the car to a shop you trust before you buy. Have them drive it and evaluate it thoroughly. Do not buy a problem child, knowingly or otherwise. It won't matter how practical the car is, you will hate it if it makes you empty your pockets.
Thank you very much. By low miles I was going for 40k-50k or below (my eclipse has almost 80k on it now). I am going to look at one tomorrow that is very reasonably priced and has 35k. Engine looks stock from the pics but like you said you never know what has changed (The only reason I wanted stock was so that I could do the work, the mods don't scare me). Thank you all for your input. I greatly appreciate it.
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Old May 5, 2011 | 09:50 AM
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This one is a little far from you but it's reasonably priced and well taken care of
https://www.evolutionm.net/forums/sa...zeees-9rs.html
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Old May 5, 2011 | 10:44 AM
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Originally Posted by PHDoc19
All Evo owners want to believe that our cars are worth more than they really are. We also want to believe that they will be worth something in the future. Truth is, right now, they are not and there is no indication that they will be any time soon. Right now you can pay at or below Edmunds value for an Evo, especially if you have cash or finance through a dealer. And Edmunds has IX's valued below X's, all things being equal.

You need to define "low miles" as well as what you will be satisfied with. Low mile IX's (by my definition 10K or less) pop up every now and then because an owner thought his car was going to be worth something later down the road. Some sell at ridiculous prices, most lately have not. But realistically, low mileage is probably going to mean more like 40K to 60K, simply because most will accumulate this kind of mileage in 5yrs. Many will be modded, but some will not be. Some will have been returned to stock under the guise that they always were. But the mods on the car shouldn't scare you. The way the previous owner treated the car should. While this is a bit cliche, take the car to a shop you trust before you buy. Have them drive it and evaluate it thoroughly. Do not buy a problem child, knowingly or otherwise. It won't matter how practical the car is, you will hate it if it makes you empty your pockets.
I have a IX SE with 29K miles on it, garaged its whole life. Nothing but a TBE exhaust and a retune. I'm willing to bet I could still fetch over 22K for this car, if not more (I've had offers but its not for sale). No, they are not collectors items, but the IX's have been holding their value pretty well these days.

Last edited by boozeup&riot; May 5, 2011 at 12:21 PM.
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Old May 5, 2011 | 04:16 PM
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Originally Posted by lPerformance
Thank you very much. By low miles I was going for 40k-50k or below (my eclipse has almost 80k on it now). I am going to look at one tomorrow that is very reasonably priced and has 35k. Engine looks stock from the pics but like you said you never know what has changed (The only reason I wanted stock was so that I could do the work, the mods don't scare me). Thank you all for your input. I greatly appreciate it.
Good luck with your purchase. Hope you get something that's fun and makes you happy.
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Old May 5, 2011 | 04:44 PM
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Originally Posted by boozeup&riot
I have a IX SE with 29K miles on it, garaged its whole life. Nothing but a TBE exhaust and a retune. I'm willing to bet I could still fetch over 22K for this car, if not more (I've had offers but its not for sale). No, they are not collectors items, but the IX's have been holding their value pretty well these days.
And perhaps you could. Compared to other similarly performing or priced cars from 2006, say a Z or even an STi, a IX has depreciated much slower than the Z and even less than the STi. But it has still depreciated. And a value indicator such as Edmunds or KBB bases stated values on average selling prices. A smart buyer especially in today's market will deal, and the average value is the best benchmark by which to begin dealing. There is no reason for someone buying an Evo in this market to get hosed, regardless of the year. I'm not trying to insult you or your car, I am simply giving honest advice to a potential buyer.

By the way, I traded in my IX last summer for a X. My IX was in excellent condition, very low miles, I owed nothing on it, and I got over dealer sales value in trade. Additionally, I was able to talk down the price of my X. So while driving off the lot, I had one of those remorseful moments, thinking "did I just get rid of something more valuable for something less valuable?" But while I was having fun in my X, my former IX sat at the dealer for months, and I watched the asking price continue to fall until they finally got rid of it for much less than the trade in value I received (I know who bought it and what he paid for it). And this summer is no different than last summer was.
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Old May 5, 2011 | 05:04 PM
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I'm not so sure. Maybe it's just coincidence, but last June when I was shopping for an Evo, there were more on Autotrader within 200 miles of me than there are within 500 miles today. Also, the KBB value of my 03 has gone up nearly $4k now compared to when I bought it last June. The NADA value has dropped a couple hundred, more like you'd expect. I'm really not quite sure what to think. Maybe people are starting to cling to/buy up Evo's more, maybe last summer was just weird in my area, IDK
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Old May 5, 2011 | 05:54 PM
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I went to a dealership a week ago to look at Evo X's.
They had 5 of them. All 2008 and remarkably they were all different colors (WW, GG, OBP, RR and that Apex Silver).

I went back 3 days later and every single one of them was sold, 4 were off the lot and one was waiting to be picked up.

I was shocked that with gas prices the way they are and the Evo being more of a niche' car, that they went so fast.
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Old May 5, 2011 | 08:37 PM
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This is a question a lot of people have and it's really hard to determine. If someone was selling an EVO IX - stock - 40k miles, i wouldn't pay over 22k for it. If that answers anything then, your welcome.
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Old May 7, 2011 | 05:57 PM
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I got my IX se with 19k miles for 24k late last year.
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Old May 7, 2011 | 06:02 PM
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Got my IX SE with 27k miles for $22,500 last year. Seems about average.
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