Evo IX Prices: What the hell?

"Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney" (braddelaparker)
04/27/2015 at 20:30 • Filed to: None

Is $15k really the going price for a 100k mile Evo IX, or is this like the current 10 year old Mustang market where every car is priced 25% high?

(Red) $15k for 126k miles, albeit a good looking umolested example.

(Silver) $11k for 140k miles on a slightly more worn example.

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DISCUSSION (11)

Sampsonite24-Earth's Least Likeliest Hero > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 20:32

Well I know highly used Evo Xs are still right around 25-30 even for the early models so I’m not surprised at the Evo 9 prices. Also unmolested evos are the best evos

Saracen > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 20:36

2003 is an Evo VIII.

PS9 > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 20:40

That’s pretty bad. Worse in fact then that time I opted for a V6 Firebird because the LS1s were too pricey. Good examples were about $5k 10 years ago when I decided to wait.

They are now $7k. Not even keeping pace with inflation. Fuck...

Deal Killer - Powered by Focus > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 20:40

I would imagine it might have something to do with many people not willing to pull the trigger on what amounts to a fairly basic economy sedan with a hopped up motor and an AWD system. For the $$$ of a new Mitsu, there are so many other cars out there that have much better interiors, fit/finish and looks. Those that can afford such a car, may not be in the market for such a boy-racer look. But, now that they have had some time to depreciate, they’ve become affordable to those who like the look and will tolerate the low rent interior.

SJGeorge94 > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 20:44

Those prices are really sort of high for a 100k mile evo viii especially since 03 and 04 evo viii didn’t have the acd. I found one for 14k and it had 84k miles here . Acd equipped evo viii (the 05 ) tend to be worth a bit more 16k for this high miles example. Meanwhile the evo ix (2006 also equipped with acd and has variable valve timing on intake cam) seem to vary with high mile examples at 18k to 26k for a low miles example.

Cherry_man1 > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 20:53

Kinda? Idk really anything on the evo honestly

Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney > SJGeorge94
04/27/2015 at 22:09

Rust (albeit minor, but more serious likely lurking) on the first and mods and high mileage on the second. Not dealbreakers on either, but it seems there’s a serious premium for stock and unmolested, as might be expected.

Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney > Deal Killer - Powered by Focus
04/27/2015 at 22:09

I would assume those factors would contribute to higher depreciation, though, no?

Jay Lauer > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/27/2015 at 23:47

I mean these cars tick a number of classic car boxes: analog technology, non-dated looks/feel. These aren’t like Ferraris and such of the time that reached too far and used technology that sucks by today’s standards. They seem to have aged very well.

Of course, as you have agreed in the comments, stock unmolested examples command a premium. It really just matters how you think of it. On one hand, yes it’s a 100k mile 12 year old Mitsubishi for $15k, or it’s also a 300 hp/tq AWD rocket comparible to Corvettes and other high end cars for around the same price used now.

The interior panels suck, but the seats are great. In my opinion, if someone cares about soft touch plastics and interior materials that much, an Evo or an STi isn’t for them.

There are comparable German cars (M3s and S4s) for the same price, but my guess is that maintenance is higher on them. HOWEVER, I don’t have experience with an Evo. Only an STi.

My advice is to do a lot of searching when it comes to these. Don’t be afraid to travel either. I drove three hours for my STI, and it was completely broken. However, now I’m on the other side of the fence in this situation and it’s great. My 9 year old 87k mile Subaru is worth over $20k on KBB.

Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney > Jay Lauer
04/28/2015 at 09:28

There’s definitely something to how well these have aged. I just can’t figure out of this is the bottom of the depreciation curve or if they have further to go or if they’re just going to sit at this price for a good while; I’m thinking the last of the three.

Jay Lauer > Bob Loblaw Made Me Make a Phoney Phone Call to Edward Rooney
04/28/2015 at 20:35

I think it’s the last as well. I looked at STi’s for quite a while before I bought mine. They didn’t seem to really change in value much. On WRX’s and cheaper Subarus, they go up about 20-30% in price right before winter; It’s ridiculous. The time to buy those is definitely in the middle of summer and the Evo might be a bit of the same.

The nice thing is that values don’t change all that much on used ones. If you do buy then you won’t lose much money, if any, depending on the deal. What I’d do is look around within 300 miles of you for the best deal and lowest miles you can get. Craigslist will find you a better deal for sure, but just vet the owner and make sure it’s been well maintained.

I got lucky with mine. Single owner, the guy had just graduated from KU Law, never did a single modification and then it blew up on him and that’s where I bought in. Wish you well on finding one for yourself. Definitely buy an Evo over an STi. Mine’s been.... an experience. If you can swing it, get a Evo X.