Hi, new here. Just want to get some advice.

EnjoiLifeSkate · Nov 2, 2009, 09:25 AM

I am going to be getting an Evo X MR. The closest one I can find to me is in Olathe KS. I have already scheduled for it on Saturday. I just wanted to post a link and make sure this is a good vehicle to your experiences.

http://www.olathemitsubishi.com/used...bd364fea28.htm

Also, I do owe about $1,000 over what my car values for on blue book for trade in. So I was going to see if I could offer them about $26,500 since they will tack on that extra $1000. Do you think that is a reasonable offer for the MR. I factored in 3 things the first thing I seen this car sitting on their web site for a few months now so I know they are not moving it, two the 2010's are coming out. They will probably want to move this car to make room for the 2010's (dunno if this applies on a specialty car like the EVO MR), and three the car will drop in value about 3k as soon as I drive it off the lot anyways, which I know happens to every car. But I just want to make sure I get a fair payment while still being fair to them.

I was thinking of going 6-7 years on it, which usually is a bad idea for a car. But I figured since Evo's are limited production cars. They usually keep their resell value pretty well right? If I wanted to go 6-7 years but 4-5 years down the road I could probably get what I owe on it at the time? Which I don't know will happen I had my current car since 2003 and that is about 7 years.

Any advice while walking into that dealer is helpful. I want to join a community after I buy it, so hopefully I will be posting here more often.

EvoJutsu · Nov 2, 2009, 09:38 AM

Well in the North East, an Evo X MR with 5k miles should be around 32K. You can bargain it down to 30 or maybe 29. I honestly don't think you can get it for 26,500, if you can then your occupation is a lawyer

.

They're asking 32 and that is slightly too much. I think if you get it for 30k, thats a good deal but ppl tend to aim for incredible deals.

Best of Luck. Test drive the car and make sure it has all the TSB recalls done to it (ex. fuel line, AWC reflash, hood latch)

EnjoiLifeSkate · Nov 2, 2009, 09:45 AM

Quote:

Originally Posted by EvoJutsu

Well in the North East, an Evo X MR with 5k miles should be around 32K. You can bargain it down to 30 or maybe 29. I honestly don't think you can get it for 26,500, if you can then your occupation is a lawyer

.

They're asking 32 and that is slightly too much. I think if you get it for 30k, thats a good deal but ppl tend to aim for incredible deals.

Best of Luck. Test drive the car and make sure it has all the TSB recalls done to it (ex. fuel line, AWC reflash, hood latch)

Alright, I will print that out and take it with me to remind me to ask about the recalls. Yeah I know, everyone wants the best deal. I am just trying to get an idea of what would be a good offer for the both of us. I mean I already know they are going to tack on $1,000 for the difference of the pay off and what the trade in value on my car is. I don't want to be paying overall $32000. I be happy around $29,500 I think after taxes and all. So that is why I was asking if $26,500 as a starter offer is retarded to ask for.

alex3dworld · Nov 2, 2009, 09:53 AM

Did you check how much your car insurance is going to increase?
Evos are the most expensive car to insurance by several agencies
You sound really down to earth with numbers but, I just want to alert you.

The price of the car for such low miles looks awesome to me.

chriswolf81 · Nov 2, 2009, 09:57 AM

They will offer you much less for your car. Dealerships go after NADA trade in value. They will give you whatever the car goes for at the auctions, so forget kelley blue book values, since you will be shocked when the $1000 turns into $3000-$4000 upside down.

5k on the SST tranny is also a gamble, who knows who owned that car. What kind of lifetime warranty are they talking about? It must be through the dealership, if they close their doors next year, ur warranty goes bye bye. What if you add intake? warranty bye bye. ask more questions and don't tell them you are coming to buy the car!!! Blood in the water. You have to say no at least once and come back a week later, this will save you at least $1000.

**atombomb33** · Nov 2, 2009, 10:44 AM

Seeing that you have to travel, the dealership knows they have you right where they want you. They'll be less likely to work a deal in your favor since they know you want the car bad enough to travel thousands of miles to get it.

Like mentioned above, they will offer much less than KBB value for your trade. Much less.

Kryx · Nov 2, 2009, 11:09 AM

Are you talking about financing for 6-7 years? Are you sure you want to do that? MMCA isn't offering 0% anymore, so stretching out a loan that long isn't such a good idea. You'll be paying a lot more in interest on the car, and not building up "equity" (I use that term loosely, since cars are depreciating assets) as quickly as you should. And with longer term loans, the interest rates are usually higher (especially on used cars).

You also mentioned that you owe about $1000 more on your trade-in than what it's worth. Does this mean that you're trying to buy the MR with essentially $0 down? If that's the case, then you'll also probably need gap insurance, which will run you about $20-30 more a month as well, which is like another $1500-2500 over the life of the loan.

And yes, like others have mentioned, the dealers will offer you much less than you think on your trade-ins. A dealer offered me $8000 for a Mazda3 hatch that KBB said was $10,000 for a trade-in (20% less! Crazy). I ended up keeping that car and just making a cash downpayment on the Evo.

$30k OTD for a used 08 MR is a fair price, but I suggest that you really evaluate your financing terms and think about whether or not it's worth it (since with interest and gap insurance, it's going to make the total more like $39k-42k in the end).

YShen15118 · Nov 2, 2009, 11:14 AM

I got my base GSR with no SSS for 27,500, when it had 283 miles on it. It was originally marked at 29,200, and I negotiated it down to 27,500. I think going in with a 26,500 bid for the MR is seriously under-valued and unrealistic, even if the car has 4500 miles on it. The 2008MR's retailed for around 36 or 37k MSRP (I think), and I don't think 4500 miles would drop it down to the price that you're looking at. Maybe if the car had 10,000 miles, you'd have a better chance at getting it for 26,500.

More realistically, I would shoot for between 29,500 and 30.

skyblas · Nov 2, 2009, 11:23 AM

try to lower it
then work from there
this kind of car dont sell quick anyway
if u dont buy
who knows when the next buyer will arrive
well gd luck
do post your encounter with the stealership

EnjoiLifeSkate · Nov 2, 2009, 11:30 AM

Well, I am not traveling thousands of miles to get it. I am going 1hr and half. Taking a friend with me, I will wait and see what they offer me for my car. If I don't like it I can tell them that I think it is at least worth $xxxx and if they don't accept it I can just say no.

I am talking about 6-7 years financing, I am already approved through my financier for 3.9% and I do have money I could put down on the car. Though I an reluctant to do so because in the end that is just the pocket lining of the sales person. But if $29,000 is a fair offer then I can go with that. I just wanted to see from the experience of the people who deal with Evo's.

My car insurance will increase by $20.00 based off that vin number posted on their website.

casper3043 · Nov 2, 2009, 11:46 AM

i couldn't get a dealer to go under $28k on a evo x gsr with more mileage than yours.

your jaw will drop once you see the offer they give you for your trade in. sounds like your upside down on your current loan/car. probably not your best move, and an impulse decision...once you talk to the dealer you'll see that its a big stretch. but what is reasonable to one person, isn't for the next. good luck! let us know what happens...

and personally, a 6-7 year car loan is ridiculous. hopefully you have enough saved in an emergency fund account in case anything were to happen (lose job, etc).

EnjoiLifeSkate · Nov 2, 2009, 11:55 AM

I tried to edit it but just to add on the NADA quote, Clean Trade in value is $9500 which is about what I was expecting it to be, so I might get the quote I want.

EnjoiLifeSkate · Nov 2, 2009, 12:01 PM

Quote:

Originally Posted by casper3043

i couldn't get a dealer to go under $28k on a evo x gsr with more mileage than yours.

your jaw will drop once you see the offer they give you for your trade in. sounds like your upside down on your current loan/car. probably not your best move, and an impulse decision...once you talk to the dealer you'll see that its a big stretch. but what is reasonable to one person, isn't for the next. good luck! let us know what happens...

and personally, a 6-7 year car loan is ridiculous. hopefully you have enough saved in an emergency fund account in case anything were to happen (lose job, etc).

Yeah I have money saved up, I keep a bank flow going for things like blown tire, medical emergency, traveling for the holidays, stuff like that; don't know if I want to use it all on a huge down payment though. I also have job security working for the state, they give you a years notice if they let you go, but you pretty much have to murder someone to get fired. Even with the economy the way it was they don't cut jobs they just cut budget like I was unable to go to my conferences this year like usual and we do not get wall calendars..... I also am single have a room mate, and after current bills have good security worth of money left over every month for entertainment or whatever. I don't have credit card debt. Just rent, food, utilities, student loan, and car.

EnjoiLifeSkate · Nov 2, 2009, 12:17 PM

P.s. I am not trying to sound ignorant or anything. I have done my research on this. I looked at my pay off then KBB, the bank, and the NADA web sites to get values and I believe I have a down to earth expectation. I just really want to go in there with a stern offer that doesn't sound retarded. My friend/room mate who is going with me has probably a lot more experience in the subject though so I feel more confident with him going. He has a track record of buying cars priced $50k or more, currently drives a 550 AMG. He haggles with people a lot all day to get things done, E9 in the military most people don't question him. So if I just sit there and let the big black man talk he might get me what I want.

But the worst thing that could happen is just me driving home in the same car I drove up there with. I don't want to give them the impression that I am driving up there with the intentions of paying everything they want. I know how dealers work, they are there to make money. I don't want to be an ass because I know they have to eat also, but I also want to be offered the best deal I can get for a car and be reasonable on both ends.