EVO MR released in 3rd week of SEPTEMBER!!!!
Newbie
Joined: Jul 2004
Posts: 68
Likes: 0
Originally Posted by enginama
I was told today by local dealer it would be 6 speed with over 290 hp.
I was debating between WRX STi and Evo, now it's definitely Evo
I was debating between WRX STi and Evo, now it's definitely Evo
You sure you want to buy a car from someone with so little knowledge about what they're selling you?
Evolving Member
Joined: May 2004
Posts: 142
Likes: 0
From: Monterey Park
Originally Posted by MisterSpoot
After 5 years -- which is the longest anyone in their right mind would take out a loan -- the MR may very well have a residual value of around $18,000 if it's in good shape and has an average number of miles (65 - 75K). Again, for a Mitsubishi, that's incredible.
Evolved Member
Joined: Sep 2002
Posts: 1,061
Likes: 0
From: Miami, FL
Originally Posted by enginama
I was told today by local dealer it would be 6 speed with over 290 hp.
I was debating between WRX STi and Evo, now it's definitely Evo
I was debating between WRX STi and Evo, now it's definitely Evo
05 Evo is comin with 276 bhp.
Keep readin.
Newbie
Joined: Jul 2004
Posts: 5
Likes: 0
cutting back to 3rd week of September release date topic of this thread , I got a call from my dealer and he informed me that my MR is on a truck on it's way to them.............
.......on it's way from where is another question (I'm in Minneapolis, so I'm assuming they're coming in from the West coast so it should be here this week \ early next week sometime)
cheers
.......on it's way from where is another question (I'm in Minneapolis, so I'm assuming they're coming in from the West coast so it should be here this week \ early next week sometime)
cheers
Evolving Member
Joined: Mar 2003
Posts: 108
Likes: 0
Originally Posted by chantaiman51
In about 10 or 15 years, the MR or any evo might still worth $18,000. Just look at those FD3, S14, S13, or AE86. I remember back I was in Highschool, an used AE86 sell for $3-$4K. Now, it can easily sell for more. And in 1995, a friend of mine bought a 20,000 miles FD with touring package for $18k. The same car now still cost $14k with lot more miles on it.
Yea keep dreaming.
Evolving Member
Joined: Mar 2003
Posts: 108
Likes: 0
Originally Posted by MisterSpoot
Cars typically have an immediate 10-15% depreciation the instant they are sold. This is because of the overhead to run a dealership and prepare a car for sale.
The Evo's 2-year deprecation is only about 32%, which is actually very good. The KBB has already estimated it's 5-year depreciation to only be 47% -- which is one of the lowest depreciation rates for ANY car. I believe the lowest 5-year depreciation rate for a car was around 44-45%, with the average being 65%. The driving factors for this is the car's relatively low production numbers, and high desirability. You can't say that about any other Mitsubishi vehicle, period.
After 5 years -- which is the longest anyone in their right mind would take out a loan -- the MR may very well have a residual value of around $18,000 if it's in good shape and has an average number of miles (65 - 75K). Again, for a Mitsubishi, that's incredible.
The Evo's 2-year deprecation is only about 32%, which is actually very good. The KBB has already estimated it's 5-year depreciation to only be 47% -- which is one of the lowest depreciation rates for ANY car. I believe the lowest 5-year depreciation rate for a car was around 44-45%, with the average being 65%. The driving factors for this is the car's relatively low production numbers, and high desirability. You can't say that about any other Mitsubishi vehicle, period.
After 5 years -- which is the longest anyone in their right mind would take out a loan -- the MR may very well have a residual value of around $18,000 if it's in good shape and has an average number of miles (65 - 75K). Again, for a Mitsubishi, that's incredible.
Top 10 Cars With the Best Residual Value for 2004
By Erin Riches
Date Posted 07-22-2004
Want to buy a car that really holds its value? If resale value is important to you, these are the cars likely to depreciate the least during the ownership period. Below we show the percentage of its original value that each vehicle is likely to retain after five years with an annual mileage of 15,000. Keep in mind that the residual value percentages are based on the national True Market Value® (TMV) price, plus typical options and destination charge. A quick scan of our list shows that import nameplates rule when it comes to retaining their value, Viper and Corvette excepted. Beyond that, it's clear that luxury nameplates hold an edge as well, though the lineups of non-luxury brands like Honda, Toyota and Volkswagen are also well represented.
Porsche 911 — 57%
Mercedes-Benz CLK-Class — 53%
Acura NSX — 52%
Dodge Viper
Honda S2000
Mini Cooper
BMW Z4 — 51%
Nissan 350Z
BMW M3 — 50%
BMW 3 Series — 49%
Honda Accord
Honda Civic
Volkswagen Jetta
Volkswagen New Beetle
Acura RSX — 48%
Chevrolet Corvette
Lexus ES 330
Lexus GS 300
Lexus GS 430
Lexus SC 430
Mercedes-Benz CLK55 AMG
Mercedes-Benz SLK-Class
Mercedes-Benz SLK32 AMG
Toyota Camry Solara
Toyota Celica
Toyota MR2 Spyder
Audi TT — 47%
Infiniti G35
Mercedes-Benz CL-Class
Mercedes-Benz E-Class
Toyota Matrix
Volkswagen GTI
Volkswagen Passat
Acura TL — 46%
Acura TSX
BMW 5 Series
Mazda RX-8
Mercedes-Benz CL55 AMG
Porsche Boxster
Subaru Outback
Toyota Camry
Volkswagen Golf
Jaguar S-Type R — 45%
Lexus IS 300
Lexus LS 430
Mercedes-Benz E55 AMG
Nissan Altima
Toyota Avalon
Volvo XC70
I hope the 05 comes out soon, I want to get a fully loaded model (leather), and my dealer only has 1 yellow, 1 red non-leather , and a whole crapload of rs's. I want a black,white, silver or the new electric blue which is much nicer than the blue by you puke color that they tried to sell me.
Evolved Member
Joined: Sep 2002
Posts: 1,061
Likes: 0
From: Miami, FL
Originally Posted by mrbkkt1
I hope the 05 comes out soon, I want to get a fully loaded model (leather), and my dealer only has 1 yellow, 1 red non-leather , and a whole crapload of rs's. I want a black,white, silver or the new electric blue which is much nicer than the blue by you puke color that they tried to sell me.
Evolved Member
Joined: Feb 2004
Posts: 574
Likes: 0
From: New Bedford, MA
Originally Posted by BIgDaddy78660
Top 10 Cars With the Best Residual Value for 2004
By Erin Riches
Date Posted 07-22-2004
...
By Erin Riches
Date Posted 07-22-2004
...
KBB did the '05s in the last month, and the Evolutions 2-year depreciation numbers were set, and based on that, they project the 5-year.
http://money.cnn.com/2004/08/23/pf/a...ex.htm?cnn=yes
Note the sedan leader is a certain Mitsubishi. I can't believe it either -- truthfully I expected the Evolution to depreciate like my Eclipse (very quickly), but apparently that's not the case.
Evolved Member
Joined: Sep 2002
Posts: 1,061
Likes: 0
From: Miami, FL
Originally Posted by MisterSpoot
Those numbers were compiled in 2004. Probably the first year the 350Z was listed too, because it's 2 year figures were determined.
KBB did the '05s in the last month, and the Evolutions 2-year depreciation numbers were set, and based on that, they project the 5-year.
http://money.cnn.com/2004/08/23/pf/a...ex.htm?cnn=yes
Note the sedan leader is a certain Mitsubishi. I can't believe it either -- truthfully I expected the Evolution to depreciate like my Eclipse (very quickly), but apparently that's not the case.
KBB did the '05s in the last month, and the Evolutions 2-year depreciation numbers were set, and based on that, they project the 5-year.
http://money.cnn.com/2004/08/23/pf/a...ex.htm?cnn=yes
Note the sedan leader is a certain Mitsubishi. I can't believe it either -- truthfully I expected the Evolution to depreciate like my Eclipse (very quickly), but apparently that's not the case.
Huh
Evolving Member
Joined: Mar 2003
Posts: 134
Likes: 0
From: Mesa,AZ
Originally Posted by LicenseToThrill
cutting back to 3rd week of September release date topic of this thread , I got a call from my dealer and he informed me that my MR is on a truck on it's way to them.............
.......on it's way from where is another question (I'm in Minneapolis, so I'm assuming they're coming in from the West coast so it should be here this week \ early next week sometime)
cheers
.......on it's way from where is another question (I'm in Minneapolis, so I'm assuming they're coming in from the West coast so it should be here this week \ early next week sometime)
cheers
