Dark Blue Mark said:
I bought my FQ300 for £15k (mint - 20k miles) and stuck an extra 10k miles on it, modded it to 386 bhp for £1600, sold it 8 months later for %£15'500.
Nothing went wrong with it, they rarely do.
But yes the running costs were a bit higher. Your sums are a bit one sided though, you would need to compare them to the cost of running another car, ie the differential.
I found that depreciation on Evo 8 & 9's is actually very strong. I lost £5k on my S2000 in 18 months, not going to happen if you buy a well priced low miles Evo IMO.
bazza said:
Dark Blue Mark said:
Evo is the only car I would now have if I could afford to do it again.
Best car I have had by far.
Exige is also on the list, but it cant beat the Evo as an all rounder.
Buy it for say, £17k for a used MR320 (forgive me, I got out when the prices were crap, they are now even worse), £10k a year on fuel, service bills, replacing clutches and trying to get more power (this is conservative).
How many people have said "im not going to tune it" but the general etiquette on Evo forums is power wins over reliablity and driveability.
So after a year the thing owes you almost £30k.. Resale value? Probably £14k.. I've said it time and time again, for the money, they are simply not worth it..
Buy something that is going to involve you..
You have had one Evo which you had 8 months.. No big service bills etc. Have one for more than 12 months and you will get the picture.
BTW, Did you ever go on track with it?
Oh and well done, you managed to loose a little money but not a lot.. Some of the poor bastards I know (one guy paid £34k for a brand new MR 340 in 2004, spent £12k putting right what Mitsubishi couldn't be arsed to do plus another £10k on running costs, Ring trips etc and sold it for £19k 20 months later) have lost tens of thousands and they all say the same thing.. I wish I had never done that...
Now my story :shock:
2002 Evo IV - Paid £11250 for it.
Spent around £4k tuning it and sold it for £10,250 9 months later.
2004 Evo VI GSR - Paid £16500 for it.
Spent £8k tuning it and sold it for £13250 14 months later.
2005 Evo VIII MR RS - Paid £19500 for it.
Spent £4k tuning it and sold it for £17500 5 months later.
2006 Evo VI TME RS Monte Carlo - Paid £16500 for it. Spent £9k tuning it and sold it for £14500 10 months later.
In the years I have owned Evo's I have spent the best part of £90,000 on Mitsubishi Evo's. I have gone through well over 2 dozen sets of brake pads, 6 clutches, god knows how many tyres and other niggley bits.
They are fairly reliable in standard form (remember the 6 month/4500 rules and you will be fine - just get the cambelts done at 60 month/45000 miles to save a huge bill) but once tuned its the little things that start to go wrong.
Running the power you claim the OEM clutch wouldn't last long on track (maybe a day if you are mechanically sympathetic).
You are better off buying an FD2 or DC5 and basic tuning such as brakes, suspension and concentrate on driving the thing rather than putting another 100bhp on top of the standard car and constantly waiting for another big bill.
I wish I hadn't bothered. It was only when I drove an S2000 that it woke me up. I had my S2000 for 8 months, lost no money on it, nothing broke. I just had to put fuel and oil in it.
Same with the DC5, lost maybe £1000 in 15 months ownership which I have enjoyed more than my years with the Evo's.
Oh well. Each to their own. Just want to make the picture a little less blurry for the readers of this thread.