Laila Keith
The Mitsubishi Lancer Evolution, or Evo, has been a sought-after car for enthusiasts since its release. With the Evo line now discontinued, many are wondering if it is a good investment. While some argue that any car driven daily or occasionally is not an investment, others believe that the Evo is a good car to invest in due to its rarity and discontinued production.
The Evo has a strong aftermarket for modifications and parts are still accessible and relatively affordable. However, maintenance costs are higher than a regular car, and insurance can be expensive. For those mechanically-minded, this may be a fun project car, but for those without the skills or funds to maintain it, an Evo may not be the best choice.
While some models are increasing in value, it is important to do thorough research and be wary of heavily modified vehicles. Buying an Evo could be a good investment if you are passionate about the car and plan to take care of it, but it is not a guaranteed money-maker.
| Characteristics | Values |
|---|---|
| Performance | High |
| Maintenance Costs | High |
| Parts Availability | Some parts are the same as the base Mitsubishi Lancer, but Evos also share parts with Lancer Ralliart. |
| Investment | Not a good investment, but will hold its value. |
| Insurance | Expensive |
What You'll Learn
- The Evo X is a good investment because they are extremely rare and discontinued
- The Evo X will be more expensive to maintain than a regular car
- The Evo X's insurance is very expensive
- The Evo X is a good car to buy now that Mitsubishi has discontinued manufacturing
- The Evo X is a good investment compared to other cars in a similar price range
The Evo X is a good investment because they are extremely rare and discontinued
The Evo X is a high-performance car that requires more maintenance than a regular car, and it is important to keep this in mind when considering the purchase. Maintenance costs will be higher than for a typical car, and it is beneficial if you have the mechanical skills to work on the vehicle yourself. Some parts are shared with the base Mitsubishi Lancer and Lancer Ralliart, and parts availability has not been a significant issue for owners.
The Evo X is a desirable car for enthusiasts, and its rarity and performance make it a good investment choice. It is important to thoroughly inspect the vehicle before purchase, checking for modifications, proper functioning of all components, and general wear and tear.
In addition to its potential as an investment, the Evo X offers a unique driving experience with its high performance and sleeper looks. For those who are passionate about the car and willing to commit to its maintenance, the Evo X can be a rewarding choice.
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The Evo X will be more expensive to maintain than a regular car
The Evo X's SST transmission is particularly expensive to maintain and even more costly to replace. The aluminium engine block in the Evo X is also more expensive to maintain than the iron block in the Evo IX. The Evo X is also a heavier car, which may contribute to higher maintenance costs.
In addition to maintenance, insurance costs for the Evo X can be very high, depending on the owner's age and location.
While the Evo X may be a good investment in terms of holding or increasing its value over time, the overall cost of ownership is likely to be significantly higher than that of a regular car.
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The Evo X's insurance is very expensive
The Evo X is a great car but its insurance is very expensive. This is a common issue with sports cars, especially those that are discontinued. The Evo X is no longer in production, which means that its parts are harder to come by and often more expensive. This is reflected in the insurance costs.
One owner reports that their insurance on a bone stock Evo X is "very expensive". They do not state the exact figure, but it is clearly a burden for them. Another owner reports that their insurance is around $166 a month for full coverage, which is a significant expense.
The high insurance costs are not unique to the Evo X. One prospective buyer reports that they received insurance quotes for an Evo that were a lot higher than they expected. Another owner chimes in to say that insurance costs for the Evo can be "crazy".
The Evo X is a high-performance car, and insurance companies often charge more for these types of vehicles. In addition, the Evo X's discontinuation means that parts and repairs may be more costly, which is reflected in the insurance premiums.
It is important to shop around for insurance and to get multiple quotes before purchasing an Evo X. Insurance costs can vary significantly from company to company, and it is worth finding the best deal to help offset the high cost of insurance for this vehicle.
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The Evo X is a good car to buy now that Mitsubishi has discontinued manufacturing
The Evo X is a good investment for car enthusiasts who want a car that is both fun to drive and likely to appreciate in value. The Evo X has a strong following, and its rarity means that it will likely become more sought-after in the future. Additionally, the Evo X has a transverse 4-banger engine layout, which is the most common engine layout, making it accessible and easy to work on.
However, it is important to note that the Evo X is not a luxury car and does not have many creature comforts. The interior is mostly cheap plastic, and the ride can be harsh. The SST transmission is also fickle and expensive to maintain or replace.
When buying an Evo X, it is important to look for one with good maintenance history and low mileage. It is also crucial to test drive the car and ensure that everything works properly, as these cars are prone to some common issues such as boost leaks and problems with the ACD pump, CMC, and clutch. Additionally, many Evos have been modified, so it is important to ensure that any modifications have been done properly.
In conclusion, the Evo X is a good car to buy now that Mitsubishi has discontinued manufacturing. It is a high-performance car that is likely to hold or increase its value, and it has a strong following among car enthusiasts. However, it is important to be aware of the potential maintenance costs and common issues associated with the Evo X before making a purchase.
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The Evo X is a good investment compared to other cars in a similar price range
The Evo X is a reliable car that can take a good amount of abuse and is built to compete. It is a reasonable purchase, and one can buy it today and sell it next year for roughly the same price. It is a good car to invest in, and it will hold its value and even increase in value over several years.
The Evo X is a desirable car with a strong heritage and a dedicated community. It is a well-rounded car with a strong engine and accessible maintenance. It is a good choice for someone looking for a practical, fun, and reliable car that will only appreciate in value.
The Evo X has a lot of untapped potential under the hood, and it is a car that can be both enjoyed and admired. It is a good investment for those who want a car that is both a performer and a collector's item. With proper care and maintenance, the Evo X will provide a great driving experience and a good return on investment.
The Evo X is a modern car with many convenience features, making it a better daily driver than older models. It is heavier and has an aluminium engine block, making it more reliable for those aiming for more power. The Evo X is a good choice for someone looking for a balance of performance and comfort, and it will provide a good driving experience without compromising on practicality.
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Frequently asked questions
While the Evo X is a great car, it is a high-performance car that requires more maintenance than a regular car. The cost of maintenance and replacement parts should be considered before buying. If you are mechanically skilled and have the tools/space to work on the vehicle, it may be a good investment as they are extremely rare and discontinued, so they will likely hold or increase their value over time.
It is important to test drive the car and ensure that everything works properly, including full power when driving, good steering, and brakes. It is also recommended to look for a car with no modifications or one where modifications have been done properly. Additionally, some parts are shared with the base regular Mitsubishi Lancer and Lancer Ralliart, so it is important to check part availability and compatibility.
The cost of maintenance for an Evo X is higher than a regular car and can be more expensive if you take it to a shop for maintenance. Some consumables, such as rotors, pads, and tires, are bigger and pricier than previous generations. Insurance costs for the Evo X can also be very high.
