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Used Mitsubishi Lancer Evolution Models Are Insanely Expensive

If you’re looking for a car that won’t depreciate, I have an answer for you: the Mitsubishi Lancer Evolution. I was looking up used ones the other day, and I must admit I’m truly shocked to discover there’s almost no depreciation in the Mitsubishi Lancer Evolution world.

Allow me to explain. The Lancer Evolution, which is the highly desirable high-performance version of the regular Mitsubishi Lancer, came to the U.S. market for the 2003 model year in “Evolution VIII” form. Back then, the starting price was $29,000, and there weren’t many options.

Sixteen years later, it’s hard to find a 2003 Evo, as most people who bought them modified them, drove them hard and generally ruined them. But of the dozen or so 2003-2005 Evolution models currently listed for sale on Autotrader, every single one is over $16,000. That means this car has retained more than half of its value in 16 years. That’s amazing.

As you expand into newer model years, this reality starts to become even more evident. Some sellers are asking big money for certain ultra-low mileage Evolution models, with some professionally modified or ultra-clean examples offered for more than $50,000. But even as you look at fairly standard 2006 and 2007 models, it’s not uncommon to see prices over $30,000. In fact, it’s quite the opposite, as this is generally where the market is on these cars.

This, of course, is incredible, since Mitsubishi is primarily known for poor resale value and fast depreciation — but not in this case. In this case, the Evolution is so desirable that it seems to hold its value tremendously well — and if you’re looking to buy some exciting used car without losing big money to depreciation, you might want to consider this one. Find a Mitsubishi Lancer Evolution for sale

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Doug Demuro
Doug Demuro
Doug DeMuro writes articles and makes videos, mainly about cars. Doug was born in Denver, Colorado, and received an economics degree from Emory University in Atlanta. After graduation, Doug spent three years working for Porsche Cars North America. Eventually, he quit his job to become a writer, largely because it meant that he no longer had to wear pants. Doug’s work has been featured in a... Read More about Doug Demuro

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