Does the EVO have a strong residual value?
#1
Registered User
Thread Starter
Join Date: Mar 2002
Posts: 2,360
Likes: 0
Received 0 Likes
on
0 Posts
Does the EVO have a strong residual value?
I am slightly thinking about getting an EVO as a more practical car (ha!) for the winter. I was wondering if anyone knew if the car has a high residual value on a lease. I was able to afford my S because the residual was fairly high.
For Scot and all others who have an EVO: Do you thik the EVO is more fun than the S? I know it is faster in a straight line and everything, but when it is all said and done, would you rather spend your sunday afternoon in an S or an EVO?
For Scot and all others who have an EVO: Do you thik the EVO is more fun than the S? I know it is faster in a straight line and everything, but when it is all said and done, would you rather spend your sunday afternoon in an S or an EVO?
#2
I doubt it's residual values will be very good. They will always be coming out with a better EVO (like every 2 years), and ask yourself this.
Would you buy a used EVO? If so how much would you pay for one with 5k on it right now? They sticker at what 28k, would you pay 22 for a slightly used one right now?
If you would then most likely other people will too, if you wouldn't....
Well you know the answer there.
All the fanboy's will get their EVO this year or next, then who's buying? They'll fly off the lots new, I just don't know if they will used.
Personally if they were selling EVO's with 10k miles for 20k I doubt I'd get the used one. Extra 150 a month in car payment, for a car you know wasn't abused is worth it, too me that is.
We'll see
P.S. I sold my WRX before the EVO and the STI were announced. I paid 24500 new sold it for 16 used. And that's a good deal looking back.
Subaru brought a better looking and driveing version out and the resale values dropped. The same will happen for these cars.
Just my thought,
-Ed
Would you buy a used EVO? If so how much would you pay for one with 5k on it right now? They sticker at what 28k, would you pay 22 for a slightly used one right now?
If you would then most likely other people will too, if you wouldn't....
Well you know the answer there.
All the fanboy's will get their EVO this year or next, then who's buying? They'll fly off the lots new, I just don't know if they will used.
Personally if they were selling EVO's with 10k miles for 20k I doubt I'd get the used one. Extra 150 a month in car payment, for a car you know wasn't abused is worth it, too me that is.
We'll see
P.S. I sold my WRX before the EVO and the STI were announced. I paid 24500 new sold it for 16 used. And that's a good deal looking back.
Subaru brought a better looking and driveing version out and the resale values dropped. The same will happen for these cars.
Just my thought,
-Ed
#3
Registered User
Join Date: Feb 2001
Location: Denver
Posts: 1,637
Likes: 0
Received 0 Likes
on
0 Posts
It is the first year in the USA. Residuals at this point are guesses. Typically, the first year of a specialty car they rate pretty high. What they guess will happen and what actually happens really have nothing to do with each other. If I were you, I would go into the dealership and fight for a high residual value. You have a good chance of getting it.
#4
If they base it on the average mitsubishi then I would have to say no way. There's a reason why that company is practically giving away their cars with 0% financing and not having to pay for a year and all of their other promotions. The best way to find this out is to go buy a dealer and see what they can do and maybe they'll treat this car as differently in a lease as it is from the other mitsubishi cars.
#5
Registered User
Join Date: Oct 2001
Location: Las Olas and Brickell, FL
Posts: 2,451
Likes: 0
Received 0 Likes
on
0 Posts
fun is a subjective term....if by fun you mean you'll be in a car that handles better than an s2000, has a sick AWD system so it can be driven just as hard in the rain, pulls harder than an S at any speed, has way better steering feel/response than the S, is way more predictable at the limit(never have to worry bout anticipating that snap oversteer), and a car that inspires more driver confidence and interaction than almost anything i've ever driven....then yes it's more fun....the only thing the S has is the convertible.
*note* I love S2000s and am in no way "dissing" them, but the evo really is that good in these performance categories
*note* I love S2000s and am in no way "dissing" them, but the evo really is that good in these performance categories
#6
Registered User
Join Date: Mar 2003
Location: San Diego
Posts: 890
Likes: 0
Received 0 Likes
on
0 Posts
All wheel drive by no means makes it safe to drive at 10/10ths in the rain the way you could drive in the dry. Having 4 wheels putting down power makes it easier to accelerate in the wet, but cornering and braking forces are still dependent on absolute traction which is diminished in the wet (the coefficient of friction is less, regardless of the tread design) Driven harder, yes...but driven just as hard as in the dry is a sure-fire way to wrap your new EVO on a tree or light pole or mother and kid. Rain is not a thing to underestimate or mess around with unless the situation is controlled.
Plus, i dont know about you, but I hate turbo lag...having driven a friend's dad's EVO (he owns a mitsubishi dealership), I *really* didn't like coming off a slow corner in first or second with the loud pedal flat and waiting for the tires to light up. for the money, give me a 350Z, RX-8, or S2000, even if they are "slower" in absolute terms. plus the evo looks like a 120 HP economy car with a huge wing and a body kit....yeah, that's class.
Though in the inevitable situation that an EVO revs on me from the next lane over, I'll smile and nod and let him go without putting up a fight.
Quick2K
Plus, i dont know about you, but I hate turbo lag...having driven a friend's dad's EVO (he owns a mitsubishi dealership), I *really* didn't like coming off a slow corner in first or second with the loud pedal flat and waiting for the tires to light up. for the money, give me a 350Z, RX-8, or S2000, even if they are "slower" in absolute terms. plus the evo looks like a 120 HP economy car with a huge wing and a body kit....yeah, that's class.
Though in the inevitable situation that an EVO revs on me from the next lane over, I'll smile and nod and let him go without putting up a fight.
Quick2K
#7
Registered User
Join Date: Oct 2001
Location: Las Olas and Brickell, FL
Posts: 2,451
Likes: 0
Received 0 Likes
on
0 Posts
Originally posted by Quick2K
Plus, i dont know about you, but I hate turbo lag...having driven a friend's dad's EVO (he owns a mitsubishi dealership), I *really* didn't like coming off a slow corner in first or second with the loud pedal flat and waiting for the tires to light up. for the money, give me a 350Z, RX-8, or S2000, even if they are "slower" in absolute terms.
Quick2K
Plus, i dont know about you, but I hate turbo lag...having driven a friend's dad's EVO (he owns a mitsubishi dealership), I *really* didn't like coming off a slow corner in first or second with the loud pedal flat and waiting for the tires to light up. for the money, give me a 350Z, RX-8, or S2000, even if they are "slower" in absolute terms.
Quick2K
btw the 350Z, RX8, and S2000 are slower in absolute terms, non-absolute terms, and any other kinds of "terms" you can come up with!
Trending Topics
#8
Registered User
Join Date: Mar 2003
Location: San Diego
Posts: 890
Likes: 0
Received 0 Likes
on
0 Posts
*raises eyebrow*
sheesh, back off...I wasn't trying to take potshots at your driving, now was I? and no I'm not a race driver, and yeah, i probably did fall out of boost; are you planning to drive your EVO around like you were on a track when you're on the street? i should hope not. Lag was a problemfor me , i never said it would be for anyone else...some people might like the characteristics it gives because it's like an on/off switch with a delay to think about whether you really want it or not. *shrug* You're absolutely right about the S2000 being tricky, twitchy, snappy, and unforgiving at the limit. I think CAR magazine said it best in that it's chassis has a "voracious appetite for hedges."(Gotta love the british)
I don't have problems in my S in the rain either, but no one in their right mind is going to tell you "oh, yeah, it's perfectly fine to drive the same in wet and dry weather because dammit, you've got all wheel drive and that makes you invincible and exempt from the laws of physics." Dead is Dead, AWD or not.
I'm not attacking you personally...i had no intent to before, and no intent to now. So next time, watch your mouth because we're all nice people who enjoy cars. I don't care what car is faster than another, I like certain ones more than i like others. Dont get me wrong, I had an absolute blast driving around La Jolla at 7/10s in the evo (a blue one...i dont like the color). And regarding my driving, while no Mario Andretti I can hold my own on the AutoX course...I simply save my race driving for where it belongs, and personally a car's road manners matter more than its track demeanor because I can't afford to have a dedicated race car.
I voiced my opinion, and you could learn to counter without resorting to personal attacks. Take a chill pill...I didn't perceive any of what I wrote to be offensive, I was just disagreeing about the all-conquering-ness of the EVO. To each his own...lets not allow this board to degrade into a personal vendetta forum like most other enthusiast clubs; I thought we were more mature than that.
Quick2K
P.S. I'd rather drive a Miata than an EVO because at least the Miata wont get mistaken for a standard Lancer with a body kit. A fast Lancer is still a Lancer....an STi is a fast WRX, which is a fast Impreza. exclusivity...sure, but I would prefer something that wont be mistaken for a lesser model. even if it means i'll get dusted at the stoplight drags or the Autocross or whatever.
sheesh, back off...I wasn't trying to take potshots at your driving, now was I? and no I'm not a race driver, and yeah, i probably did fall out of boost; are you planning to drive your EVO around like you were on a track when you're on the street? i should hope not. Lag was a problemfor me , i never said it would be for anyone else...some people might like the characteristics it gives because it's like an on/off switch with a delay to think about whether you really want it or not. *shrug* You're absolutely right about the S2000 being tricky, twitchy, snappy, and unforgiving at the limit. I think CAR magazine said it best in that it's chassis has a "voracious appetite for hedges."(Gotta love the british)
I don't have problems in my S in the rain either, but no one in their right mind is going to tell you "oh, yeah, it's perfectly fine to drive the same in wet and dry weather because dammit, you've got all wheel drive and that makes you invincible and exempt from the laws of physics." Dead is Dead, AWD or not.
I'm not attacking you personally...i had no intent to before, and no intent to now. So next time, watch your mouth because we're all nice people who enjoy cars. I don't care what car is faster than another, I like certain ones more than i like others. Dont get me wrong, I had an absolute blast driving around La Jolla at 7/10s in the evo (a blue one...i dont like the color). And regarding my driving, while no Mario Andretti I can hold my own on the AutoX course...I simply save my race driving for where it belongs, and personally a car's road manners matter more than its track demeanor because I can't afford to have a dedicated race car.
I voiced my opinion, and you could learn to counter without resorting to personal attacks. Take a chill pill...I didn't perceive any of what I wrote to be offensive, I was just disagreeing about the all-conquering-ness of the EVO. To each his own...lets not allow this board to degrade into a personal vendetta forum like most other enthusiast clubs; I thought we were more mature than that.
Quick2K
P.S. I'd rather drive a Miata than an EVO because at least the Miata wont get mistaken for a standard Lancer with a body kit. A fast Lancer is still a Lancer....an STi is a fast WRX, which is a fast Impreza. exclusivity...sure, but I would prefer something that wont be mistaken for a lesser model. even if it means i'll get dusted at the stoplight drags or the Autocross or whatever.
#9
Registered User
Join Date: Oct 2001
Location: Las Olas and Brickell, FL
Posts: 2,451
Likes: 0
Received 0 Likes
on
0 Posts
damn sorry man, i didn't mean to come off like an ass. Therein lies everything. The EVO was in no way intended for this everyday drivability you speak of. The car demands constant attention and constant driving. The thing doesn't even come with cruise control for that reason. I would definitely drive it using the same techniques I would use at the track. Not necessarily at the same speeds, but I would certainly do things likerev match, heel-toe, and hold boost through corners all the time(just like I do in the S) with maybe an occassional drift when the road is extra empty. Performance is what its all about for me, and the evo compromises virtually everything for performance and durability. That is why, you can see, that the evo is practically my dream car. I'm the guy rev matching and apexing whenever I get the chance, that's what gets my rocks off right now. To you its road manners, and i'm sure you greatly take into consideration the "chill factor" of a car aas well. The S2000 is obviously sleek, 2dr, roadster that is often confused for something like a porsche. The s2000 def wins in chill factor!
#10
Trust me man, slow down in the rain and snow. Don't forget about black ice either.
Tires have their limits, no drivetrain can overcome that.
Do not drive aggressively in bad weather, it will eventually bite you.
Not knocking your driving skills, AWD is kinda like an s2k at the limit. Feels great until it all goes wrong.
Sure awd you can push it even harder over the limit. WAY over the limit.
Be humble behind the wheel of that thing, AWD can make you feel like a super man.
It's quite tempting to keep pushing your limits.
Be careful,
-Ed
Tires have their limits, no drivetrain can overcome that.
Do not drive aggressively in bad weather, it will eventually bite you.
Not knocking your driving skills, AWD is kinda like an s2k at the limit. Feels great until it all goes wrong.
Sure awd you can push it even harder over the limit. WAY over the limit.
Be humble behind the wheel of that thing, AWD can make you feel like a super man.
It's quite tempting to keep pushing your limits.
Be careful,
-Ed