Will the '03 EVO be a collector car in the future?
Aug 31, 2004, 01:21 PM
#3
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So, if you had the means would you retire the car and pick up something else, or drive it? With low miles will it be a highly sought after vehicle in 15 years?
Aug 31, 2004, 04:22 PM
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judging by current resale values, they are not going anywhere anytime soon. Drive your car, and document every single little thing that gets done to it- a piece of junk car is a collectors car to the right person... Just take good care of it, save all your receipts, and it will always be worth money.
Also, face the fact that you will never make substantial money off a car unless it is something incredibly rare, or the manufacturer goes out of business. Holding onto the car forever without driving it will do you no good... If you really have to, get an MR, and stick it in storage for 10 years, but there is no guarantee.
Also, face the fact that you will never make substantial money off a car unless it is something incredibly rare, or the manufacturer goes out of business. Holding onto the car forever without driving it will do you no good... If you really have to, get an MR, and stick it in storage for 10 years, but there is no guarantee.
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Aug 31, 2004, 06:03 PM
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I think it depends on Mitsubishi - If Mitsu tanks, the Evo (esp. the '03 and '04) will hold value much like the '93-'98 Supra. The reason is that it is primarily a mechanical (as opposed to electronic) unit (i.e. diffs, tranny, etc.). The MR and other '05 models will require specific and technical maintenance in the future, not to mention that electronically-controlled diffs are much more expensive to service and replace than mechanical diffs.
Either way, I'm driving my Evo (and keeping it) until the wheels fall off. It's too much fun. If things pan out, I'll turn my S2K in at the end of its lease and get a Skyline in '08 for a daily driver. The Evo will then go to RMR to turn into a stripped-out beast.
Either way, I'm driving my Evo (and keeping it) until the wheels fall off. It's too much fun. If things pan out, I'll turn my S2K in at the end of its lease and get a Skyline in '08 for a daily driver. The Evo will then go to RMR to turn into a stripped-out beast.
Aug 31, 2004, 07:08 PM
#10
Originally Posted by MVEOVA
your thoughts would be appreciated, thanks
As soon as the Evo 9 hits the market, our cars won't be worth much. Even the Evo 8 MR will lead to major depreciation of our stock Evo 8's. So just go out and drive them...enjoy them...and don't sweat the mileage.
Emre
Sep 1, 2004, 06:49 AM
#14
If you're looking 20 years down the road, any car can be a collectors car. The vast majority of cars get driven into the ground in 10-15 years, so beyond that just about anything with low mileage and in good shape will start to recoup value. Will the Evo ever be auctioned for a million dollars at Kruse or Barret-Jackman? Doubtful.
Of course, if Mitsubishi folds or stops selling Evos in the US, their value will go up considerably because the people who want one will no longer have the "next model year" option - similar to the MKIV and FD as Mattsteg pointed out.
Of course, if Mitsubishi folds or stops selling Evos in the US, their value will go up considerably because the people who want one will no longer have the "next model year" option - similar to the MKIV and FD as Mattsteg pointed out.
