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Used Evo values and why you should keep your car

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Old Jan 19, 2012 | 03:55 PM
  #46  
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they said the same thing about the IX being the last 4g63
They said the 2010 was the last turbo. And the 2011
Now they say it about the 2012
Who says they wont sell more X's in 2013?
Now the rumor mill is suggesting we'll have a turbo diesel hybrid evo in a couple years

If the XI performs well, will a 35mpg 400wtq stock new evo help or hurt the gas burners?
i really dont think it matters. production numbers are low enough that the used cars will remain in demand and prices will stay high
Old Jan 19, 2012 | 04:04 PM
  #47  
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It's incredibly dumb to "invest" in a car expecting any kind of return. If you have 30 grand laying around and want an actual return, try bonds or high interest loans, not cars.

I think it's so silly how often people talk about "for sure my car will be a collectors item in 20 years" on forums.
Old Jan 19, 2012 | 04:11 PM
  #48  
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Originally Posted by highlyevolved
It's incredibly dumb to "invest" in a car expecting any kind of return. If you have 30 grand laying around and want an actual return, try bonds or high interest loans, not cars.

I think it's so silly how often people talk about "for sure my car will be a collectors item in 20 years" on forums.
This is exactly right.

Although, when I bought my Scion tC they were super cheap (16k) and 4 years later they were trendy as ever, and I sold mine with damage for a little more than I owed.

..then the 05 STi I had after that I made 6.5k selling because of all the haters on the 08+ HB, but not willing to buy the new sedan.

(0.0 ) ( 0.0)
Can't wait for a diesel/hybrid Evo and at that point people will think it's too hard to find a IX and consider the X for a decent $
Old Jan 19, 2012 | 04:38 PM
  #49  
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Originally Posted by highlyevolved
It's incredibly dumb to "invest" in a car expecting any kind of return. If you have 30 grand laying around and want an actual return, try bonds or high interest loans, not cars.

I think it's so silly how often people talk about "for sure my car will be a collectors item in 20 years" on forums.
The manner that your describing the term "invest" you are absolutely correct. the manner i was using the term "invest" is if your deciding to purchase a vehicle, specifically a lancer Evolution in our case. You are already commiting to spending $30k+. I would "invest" in getting the model with the most options that you can safely afford in case in the future you will have to sell it. Either attracing the right private buyer or dealing with a dealership, It will help you in negotiating if your evo has these extras because your competing against other evos in a very competetive market.
Old Jan 19, 2012 | 06:37 PM
  #50  
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Originally Posted by highlyevolved
It's incredibly dumb to "invest" in a car expecting any kind of return. If you have 30 grand laying around and want an actual return, try bonds or high interest loans, not cars.

I think it's so silly how often people talk about "for sure my car will be a collectors item in 20 years" on forums.
Bit of an overreaction here. Its not incredibly dumb to buy a car, when you need a car, to be concerned about its residuals. And if I had $30,000 lying around I sure as **** wouldn't put it in bonds.
Old Jan 19, 2012 | 06:45 PM
  #51  
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Originally Posted by EvoForumUser12
Bit of an overreaction here. Its not incredibly dumb to buy a car, when you need a car, to be concerned about its residuals. And if I had $30,000 lying around I sure as **** wouldn't put it in bonds.
Notice I said "return" as in "return on investment", meaning you get back more then you paid.

Of course being concerned about residuals is important, but specifically when we are talking about cars there is much more then just the money spent initially and the money gained on the sale.

We are talking insurance to keep it on the road (vs. a cheaper to insure car), maintenance costs (vs. a cheaper to maintain car), fuel costs weighted against more fuel efficient vehicles. People tend to just look at the sale price and think they made an investment with an actual return.

Not to mention I doubt the people looking at "investing" in a car for 20 years are actually even considering inflation. Question, do you think you made any money if you bought a brand new Supra in 1993 for 40,000 and sold it for 50,000 in 2011? No, you actually still lost 10 grand in terms of raw buying power due to inflation.

So I stand by my statement, that "investing" in any car at any time is incredibly dumb.
Old Jan 19, 2012 | 07:04 PM
  #52  
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Originally Posted by highlyevolved
Notice I said "return" as in "return on investment", meaning you get back more then you paid.

Of course being concerned about residuals is important, but specifically when we are talking about cars there is much more then just the money spent initially and the money gained on the sale.

We are talking insurance to keep it on the road (vs. a cheaper to insure car), maintenance costs (vs. a cheaper to maintain car), fuel costs weighted against more fuel efficient vehicles. People tend to just look at the sale price and think they made an investment with an actual return.

Not to mention I doubt the people looking at "investing" in a car for 20 years are actually even considering inflation. Question, do you think you made any money if you bought a brand new Supra in 1993 for 40,000 and sold it for 50,000 in 2011? No, you actually still lost 10 grand in terms of raw buying power due to inflation.

So I stand by my statement, that "investing" in any car at any time is incredibly dumb.
Nick Mason and friends disagree:
http://www.investdifferently.co.uk/i...ticle6597.html

but other then that, since I was the one who said my 9 will be collectable in 20 years, where did you get that the plan was to sell it?
Old Jan 19, 2012 | 07:14 PM
  #53  
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Ive been offered twice 22-23 cash for my IXSE 50k miles. No one knows what the IX will bring in the future. I do know that however long i do keep it , even 10 years from now it will still make me smile to drive it. My car will be paid off soon and im interested in the XI. Example of no one knows, my Dad bought a shelby gt 350 when he got out of the army in 69. it was used with 2k miles paid 2600$. Who knew what it would bring today even pretty beat up. He also had 289 cobra how many times you think he has kicked himself?. I Dont buy cars for investment i buy em for fun and love of autos.

Last edited by 9evolution; Jan 19, 2012 at 07:22 PM.
Old Jan 19, 2012 | 07:17 PM
  #54  
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Sorry I didn't realize anyone actually said that verbatim. I wasn't really targeting you, or any one in particular - just a general statement about investing in cars and true value appreciation.

And yes, certain car investments do end up paying off. Ask anyone who paid sticker for a Ford GT. But during the production run, Ford couldn't give them away - it didn't even meet Ford's internal sales targets. Trying to guess which car, today, in 2012, will have a material appreciation in value, is, in my opinion dumb.

And it's a big disingenuous to compare buying a 30,000k Lancer Evo to what Nick Mason does, which is buy incredibly rare Ferraris and McLarens which generally have less then 20 cars total produced which auction for millions.
Old Jan 19, 2012 | 07:33 PM
  #55  
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Anyone mind if we get back on topic and stop bickering about 'investing'?
Old Jan 19, 2012 | 08:46 PM
  #56  
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Originally Posted by highlyevolved
Sorry I didn't realize anyone actually said that verbatim. I wasn't really targeting you, or any one in particular - just a general statement about investing in cars and true value appreciation.

And yes, certain car investments do end up paying off. Ask anyone who paid sticker for a Ford GT. But during the production run, Ford couldn't give them away - it didn't even meet Ford's internal sales targets. Trying to guess which car, today, in 2012, will have a material appreciation in value, is, in my opinion dumb.

And it's a big disingenuous to compare buying a 30,000k Lancer Evo to what Nick Mason does, which is buy incredibly rare Ferraris and McLarens which generally have less then 20 cars total produced which auction for millions.
It's not disingenuous at all, you can't say "any car at any time" and then object when someone finds any car that doesn't support your over broad claim.

Maybe it'll turn out i'm wrong about how desirable my cars will be, I'm probably only looking at it from an enthusiast's perspective so I could be half right only for a small niche group.

But, then again, I don't actually care about who else likes my cars. After ten years, even after years owning a IX, I still love driving the WRX, it puts a stupid grin on my face. I'm sure I'll still love driving the IX in 20 years if I can manage not to crash it.
Old Jan 20, 2012 | 11:01 PM
  #57  
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Originally Posted by highlyevolved
Sorry I didn't realize anyone actually said that verbatim. I wasn't really targeting you, or any one in particular - just a general statement about investing in cars and true value appreciation.

And yes, certain car investments do end up paying off. Ask anyone who paid sticker for a Ford GT. But during the production run, Ford couldn't give them away - it didn't even meet Ford's internal sales targets. Trying to guess which car, today, in 2012, will have a material appreciation in value, is, in my opinion dumb.

And it's a big disingenuous to compare buying a 30,000k Lancer Evo to what Nick Mason does, which is buy incredibly rare Ferraris and McLarens which generally have less then 20 cars total produced which auction for millions.
I must admit that I've never seen an Evo, or any Japanese car, on Speed's Barrett-Jackson coverage so you might be right.
Old Jan 21, 2012 | 01:01 AM
  #58  
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I like the older evos esp the tme and the IX MR and would pay top dollar for a one owner stock one. I saw one and they were asking 29k for it. I would have bought it right away but was able to lower it to 26k and change. for the right car, there is always a buyer. the dealer knows the demand and are overpricing the older ones, but the bank or lender wants nothing of this nonsense. they were only giving me 24k tops for financing. I have to shell out the rest and plus tax, that is a hefty price. I hope whoever wants to buy it will consider that scenario too. so, by the time I'm ready to get it, it is still available.

For the X, I might buy the 2012 version as well. I have been tempted to buy more expensive porsche 991 4S new, used aston martins, or even the new gtr but cannot reliably say that it will provide the same visceral enjoyment I got with the IX MR. it might not be a classic to many, but it is to me.
Old Jan 21, 2012 | 12:45 PM
  #59  
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Slightly off topic, but relevant:
I was at South Coast last month and spied 12 SE's stashed in the back, discreetly hidden 4 rows back. I asked for a quote on 1 and was told "those cars aren't for sale". What dealership doesn't want to sell a car....unless they believe they can get "collector" prices for them in a couple years. Freaking bastards, I really wanted one of them
Old Jan 21, 2012 | 01:13 PM
  #60  
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Originally Posted by sstevojr
Slightly off topic, but relevant:
I was at South Coast last month and spied 12 SE's stashed in the back, discreetly hidden 4 rows back. I asked for a quote on 1 and was told "those cars aren't for sale". What dealership doesn't want to sell a car....unless they believe they can get "collector" prices for them in a couple years. Freaking bastards, I really wanted one of them
They've done that before. They sat on at least 4 brand new Evo 9's and then put them on sale in 2010 for $50k firm on each..

https://www.evolutionm.net/forums/hu...9-mr-sale.html

I really wouldn't be surprised if they had many more stashed in their "collection", for when people are unhappy with the new diesel-electric Evo offering, or if the Evo line-up gets axed all together.

ETA: In 40 years, a classic pristine Evo would be exactly the kind of car I'd wanna buy from a Mecum or Barrett-Jackson auction. And really, how many will actually be left by then, that haven't been wrecked, modded beyond recognition or just straight-up beaten on in that time-span? It's not like there were alot made in the first place (compared to most cars).

Last edited by AFD; Jan 21, 2012 at 01:26 PM.


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