evo3matt

iTrader: (17)

earlier generation supra's and mr2's don't hold value worth crap =P

fast and furious made the mkiv supra go up in price overnight

BOOSTEZ

iTrader: (1)

You've never shopped for an MR2 have you?

Autotrader

Some have over 100k miles going for almost $12k!

BOOSTEZ

iTrader: (1)

And I hope so too.. but I fear that Mitsu will milk the EVO dry by bringing out generation after generation.

Look at what they did with the Eagle Talon/Eclipse back in the 90s. That car NEVER gained good resale value no matter how bad-*** they were.

BOOSTEZ

iTrader: (1)

That's true.

tjordan06

iTrader: (2)

Well you are looking at very specialized cars... But overall Toyotas reale is better because of their reliablilty in the 90s.... They ran so long and well that people are willing to pay more for them as used cars... Mitsu was not bad but they didn't only Honda compared with Toyota in this regard... Toyota also does very little rebates and don't sell 50k cars so there is less room to depreciate...

But the supra is a different story

grillpt

iTrader: (24)

Thats exactly what I'm saying...
FYI, just because people are asking that $, doesn't mean they get it.
I can ask 30K for my car all I want, doesn't mean someone is going to buy it.
Personally, I would never pay $15K for a 15yr old MR2 Turbo, those cars just aren't that nice. Before you say anything, yes I do know these cars very well having worked on a friends when he had one.

Dodges are Dodges, they never going to be worth anything. RX-7's are not for everyone, and they blow up all the time. So once again, I feel your argument is flawed, sorry...

BOOSTEZ

iTrader: (1)

You are correct, but let's analyze this for a moment. Take an auction. Universally the prices are there because of the consumer. Evidently, since there are sooo many of them in that high of a price range means that people are indeed buying them. Otherwise, they'd be going for lower because the market would constitute less value.

That's fine. But that's not the point.

I can pick a dozen more cars from the 90s that are rare. You still haven't convinced me of "rarity" alone as being the reason for the high resale value.

2highpsi

iTrader: (15)

The Evo DOES hold a good resale value. Used 03's sell for 20K all day long. That is a five year old vehicle. New, the car was 28K. Using those numbers the car has only depreciated 29% over a 5 year period. Thats 5.8% per year. For the amount of these cars that were produced, and considering that they are still making new models, Thats Awesome. Cars that are no longer produced are a completely different story. I sell cars at a dealership and see for example an 03 Mustang GT that was 28K new sell for 14K now. Thats a 50% depreciation or 10% per year. What will also eventually happen is, with the popularity of the Evo, it will hit a price where the ability to afford the car will meet the demand, and then the car will depreciate even less. Right now, a lot more people WANT them than can afford them. So some of the 20K cars wont sell as fast. Once the prices hit 15k it brings them into a lot more peoples budget. Also I know that you CAN buy an Evo for 15k now. But it either has HIGH miles, problems, or if there is nothing wrong with it, its sold in a day, so it was just priced well below market.

AJsGenerX

iTrader: (6)

Compare non specialty cars of each brand in terms of resale value and that will give you the true difference in resale values for each company. Comparing specialty cars that have been long discontinued and cars that are still in production is like comparing apples to oranges. To get a better example, compare a 97 Camry with a 97 Galant with the same miles and options and take a look at the difference. The Camry accounts for a huge amount of sales for Toyota compared to the Supra or MR2 as does the Galant for Mitsubishi. This will give you a better defined answer of resale values for both companies. That's what the general public will look at in terms of resale values for companies, not Evos, Supras, MR-2 Turbos etc etc. Also, if the evo was suddenly discontinued, it's value would significantly increase. It's all about supply and demand!

Thegame

iTrader: (26)

I agree with you man. There was an article in Money magazine a few years ago about how well the Evo held it's value. I think it had the evo listed as #1 in 2006.

BOOSTEZ

iTrader: (1)

I understand what you are saying but some people are failing to see the overall big picture:

If Mitsu keeps making new models that supercede the older models (like the Eagle Talon/Eclipse), then I don't think the 8/9 will fair too well in the resale market.

Toyota made two really great sport cars (Supra/MR2) and just stopped making them. Period. I think this is one of the reasons why they hold resale value better than other cars in the same category.

BOOSTEZ

iTrader: (1)

Agreed! But alas, Mitsu isn't going to do this because they can't afford to NOT have the EVO on sale. I'm sure they'll continue to ride the EVO craze until they can't milk it any more. Which will pretty much make the 8/9 drop in value in the next 10 years.

2highpsi

iTrader: (15)

I see what you are saying, but it's a little different than that. The DSMs and Evos can't be compared quite the way that you are thinking. DSMs gained popularity a lot more in the tuning community AFTER production was stopped. Dont get me wrong guys WERE racing the cars in the 90s but there wasnt the "cult following" that these kinds of cars have now. For example in the 90s there was not a DSM website with a private car for sale section that had hundreds of people every day looking to find an affordable DSM. The sites existed but were nothing like what this site is. In todays market as far as the Evo goes however that is happening. If you look at the for sale section on here there are Always people on looking. That is demand, and that is what will keep the prices on the Evos fairly high.

BOOSTEZ

iTrader: (1)

Not if the next gen keeps getting made. Eventually the 8/9 will get lost in the shuffle (just like the MK3 supras or 1st gen MR2s) . EvoX is already showing big promise and the new Ralliart will be based on the same technology (in which MItsu will make a gazillion of those). Since the EvoX is so new, all the flaws that people find will be made better the next go around with the XI. That's when the used EvoX will overtake the 8/9s. Coupled with the Ralliart and MR models coming, I don't see 8/9 being anything special that people would want 10 years from now like the Supra/MR2.

-M

heavens turbo

i'm not saying they're not out there, thats what i would pay. people can ask anything for their car.
http://www.kbb.com/kbb/UsedCars/Pric...585%7c0%7c0%7c