Can an Evo 8 do 15k a year and not bankrupt me?
Discussion
So the obvious answer to my question is no, but i'm hoping someone will be able to justify having an Evo 8 as a daily to me as i'm dying to get my hands on one.
I've been posting a lot lately about different cars I want after my PCP is finished in a year/1.5 years time.
While many of the those other suggestions would make more sense financially, I adore the Evo 8's and 9's and want one
ASAP.
I was looking at getting no higher than an FQ300 model and I would be doing high milage a year, about 15k. I understand they need a service ever 4k but I can just do an oil change myslef and give it a full service once a year. I'm not expecting much more than 25mpg on my long journeys, but i'll be able to bear this (i hope) as it'll be worth it for the performance. My age is also going to go against me as i'll be 20-21, depending on when I opt out of the PCP.
I'll be buying the car outright and hopefully the insurance too if its under 2k. Everything else will be paid with a £400-£500 a month budget. So... Is this possible or am as deluded as my parents think I am?
Thanks,
Aaran
I've been posting a lot lately about different cars I want after my PCP is finished in a year/1.5 years time.
While many of the those other suggestions would make more sense financially, I adore the Evo 8's and 9's and want one
ASAP.
I was looking at getting no higher than an FQ300 model and I would be doing high milage a year, about 15k. I understand they need a service ever 4k but I can just do an oil change myslef and give it a full service once a year. I'm not expecting much more than 25mpg on my long journeys, but i'll be able to bear this (i hope) as it'll be worth it for the performance. My age is also going to go against me as i'll be 20-21, depending on when I opt out of the PCP.
I'll be buying the car outright and hopefully the insurance too if its under 2k. Everything else will be paid with a £400-£500 a month budget. So... Is this possible or am as deluded as my parents think I am?
Thanks,
Aaran
Short answer, no... but it depends on how much you want to budget for service and maintenance (and fuel) over the course of the year.
My MD ran evos as company cars 10 odd years ago, he did 15-20k PA and blew up three of them in a row... drives mercs now. He obviously wasn't too hot on keeping an eye on things, but they are farily highly strung cars that you have to keep on top of.
For that kind of mileage with performance and reliability, I would be looking at Type R Hondas.... you get the performance, but they are engineered to be daily driven.
ETA- I do around 2000-3000 miles a year, and still shy away from Evo ownership despite wanting one, they really do cost an arm and a leg to run. That said, what great cars aren't worth a little sacrifice?
My MD ran evos as company cars 10 odd years ago, he did 15-20k PA and blew up three of them in a row... drives mercs now. He obviously wasn't too hot on keeping an eye on things, but they are farily highly strung cars that you have to keep on top of.
For that kind of mileage with performance and reliability, I would be looking at Type R Hondas.... you get the performance, but they are engineered to be daily driven.
ETA- I do around 2000-3000 miles a year, and still shy away from Evo ownership despite wanting one, they really do cost an arm and a leg to run. That said, what great cars aren't worth a little sacrifice?
Edited by designforlife on Tuesday 2nd July 11:14
I managed it...... in 60k miles I didn't have one service bill over £300 and that was with the 4.5k and 9k services. That was also being serviced at a Main dealer. Interim service was around £150 and main service between £250 and £300. I did do the brakes pads and discs myself. Easy job with Brembo calipers.
The 4.5k mile service was, from what I understand, originally to change the oil/bleed the Active Yaw Control, but over the years and experience that mitsubishi built up, this was never done and it was just an oil change. The AYC was more robust than they thought. That might be a load of b
ks but that is what the dealer did and I had a full main dealer service history.
The only non-service related bill was for a new clutch which came in at around £1200 for a uprated organic clutch and flywheel. That was at about 55k miles.
Petrol is the biggest cost :O
The 4.5k mile service was, from what I understand, originally to change the oil/bleed the Active Yaw Control, but over the years and experience that mitsubishi built up, this was never done and it was just an oil change. The AYC was more robust than they thought. That might be a load of b
ks but that is what the dealer did and I had a full main dealer service history.The only non-service related bill was for a new clutch which came in at around £1200 for a uprated organic clutch and flywheel. That was at about 55k miles.
Petrol is the biggest cost :O
designforlife said:
Short answer, no... but it depends on how much you want to budget for service and maintenance (and fuel) over the course of the year.
My MD ran evos as company cars 10 odd years ago, he did 15-20k PA and blew up three of them in a row... drives mercs now. He obviously wasn't too hot on keeping an eye on things, but they are farily highly strung cars that you have to keep on top of.
For that kind of mileage with performance and reliability, I would be looking at Type R Hondas.... you get the performance, but they are engineered to be daily driven.
ETA- I do around 2000-3000 miles a year, and still shy away from Evo ownership despite wanting one, they really do cost an arm and a leg to run. That said, what great cars aren't worth a little sacrifice?
This really not what I wanted to hear My MD ran evos as company cars 10 odd years ago, he did 15-20k PA and blew up three of them in a row... drives mercs now. He obviously wasn't too hot on keeping an eye on things, but they are farily highly strung cars that you have to keep on top of.
For that kind of mileage with performance and reliability, I would be looking at Type R Hondas.... you get the performance, but they are engineered to be daily driven.
ETA- I do around 2000-3000 miles a year, and still shy away from Evo ownership despite wanting one, they really do cost an arm and a leg to run. That said, what great cars aren't worth a little sacrifice?
Edited by designforlife on Tuesday 2nd July 11:14
. If you are only doing 3k, get yourself one! super7 said:
I managed it...... in 60k miles I didn't have one service bill over £300 and that was with the 4.5k and 9k services. That was also being serviced at a Main dealer. Interim service was around £150 and main service between £250 and £300. I did do the brakes pads and discs myself. Easy job with Brembo calipers.
The 4.5k mile service was, from what I understand, originally to change the oil/bleed the Active Yaw Control, but over the years and experience that mitsubishi built up, this was never done and it was just an oil change. The AYC was more robust than they thought. That might be a load of bks but that is what the dealer did and I had a full main dealer service history.
The only non-service related bill was for a new clutch which came in at around £1200 for a uprated organic clutch and flywheel. That was at about 55k miles.
Petrol is the biggest cost :O
I could deal with these costs! If that's true about it just being an oli change then thats something elese I could also do myself. The 4.5k mile service was, from what I understand, originally to change the oil/bleed the Active Yaw Control, but over the years and experience that mitsubishi built up, this was never done and it was just an oil change. The AYC was more robust than they thought. That might be a load of b
ks but that is what the dealer did and I had a full main dealer service history.The only non-service related bill was for a new clutch which came in at around £1200 for a uprated organic clutch and flywheel. That was at about 55k miles.
Petrol is the biggest cost :O
It totally depends on your financial situation, exposure to risk, job security etc really.
For me personally, where my life is at right now, I couldn't really justify owning one... but i did own a DC5 Type R for 2 years up until recently that cost peanuts to run relative to the performance and driving experience... an Evo was another step up the ladder that I just couldn't justify taking.
I have lots of mates who have owned them, and the big bill factor just puts me off when i'm saving for a mortgage.
But if you can make the numbers work, do it.
For me personally, where my life is at right now, I couldn't really justify owning one... but i did own a DC5 Type R for 2 years up until recently that cost peanuts to run relative to the performance and driving experience... an Evo was another step up the ladder that I just couldn't justify taking.
I have lots of mates who have owned them, and the big bill factor just puts me off when i'm saving for a mortgage.
But if you can make the numbers work, do it.
Listen to your parents.
You're already planning on skimping on servicing to save a few quid but happy to pay £4k a year in fuel and £2k a year in insurance?
Guaranteed to end in tears I'm afraid. Plenty of cars that are much more fun than the corsa and much cheaper/better at doing 15k per year than an Evo. They were never suited to the task back when they were new, let alone at 15 years old..
You're already planning on skimping on servicing to save a few quid but happy to pay £4k a year in fuel and £2k a year in insurance?
Guaranteed to end in tears I'm afraid. Plenty of cars that are much more fun than the corsa and much cheaper/better at doing 15k per year than an Evo. They were never suited to the task back when they were new, let alone at 15 years old..
CHEESYAARAN said:
super7 said:
I managed it...... in 60k miles I didn't have one service bill over £300 and that was with the 4.5k and 9k services. That was also being serviced at a Main dealer. Interim service was around £150 and main service between £250 and £300. I did do the brakes pads and discs myself. Easy job with Brembo calipers.
The 4.5k mile service was, from what I understand, originally to change the oil/bleed the Active Yaw Control, but over the years and experience that mitsubishi built up, this was never done and it was just an oil change. The AYC was more robust than they thought. That might be a load of bks but that is what the dealer did and I had a full main dealer service history.
The only non-service related bill was for a new clutch which came in at around £1200 for a uprated organic clutch and flywheel. That was at about 55k miles.
Petrol is the biggest cost :O
I could deal with these costs! If that's true about it just being an oli change then thats something elese I could also do myself. The 4.5k mile service was, from what I understand, originally to change the oil/bleed the Active Yaw Control, but over the years and experience that mitsubishi built up, this was never done and it was just an oil change. The AYC was more robust than they thought. That might be a load of b
ks but that is what the dealer did and I had a full main dealer service history.The only non-service related bill was for a new clutch which came in at around £1200 for a uprated organic clutch and flywheel. That was at about 55k miles.
Petrol is the biggest cost :O
It’s an amazing car but you really do need to have a war kitty for things like an engine rebuild or ayc problems.
Also factor in the age of the car and increased age related maintenance. I ran a 370bhp Impreza for 12 years and as it got older and being fairly hard on parts it required significantly more maintenance as time went by but for me it was always a 2nd car doing less than 5k per year.
Honestly unless you have very deep pockets buying an older highly strung maintenance intensive car could become a disaster for you.
I’d actually recommend you buy two cars, something like a diesel Fabia (I’m thinking cheap and reliable) and then having the Evo as a second/fun car.
Also factor in the age of the car and increased age related maintenance. I ran a 370bhp Impreza for 12 years and as it got older and being fairly hard on parts it required significantly more maintenance as time went by but for me it was always a 2nd car doing less than 5k per year.
Honestly unless you have very deep pockets buying an older highly strung maintenance intensive car could become a disaster for you.
I’d actually recommend you buy two cars, something like a diesel Fabia (I’m thinking cheap and reliable) and then having the Evo as a second/fun car.
Just out of interest, is that mpg figure accurate?
I've owned cars doing a real world 24mpg for a number of years and then owned one doing 16mpg (although official stated figure was 25mpg) and the jump in petrol costs felt significant. It felt like I was filling up every couple of days, in the end it got tiresome - both having to constantly stop to fill up and also the number of transactions per month on my bank statement. I could afford it, but it just started to grate after a while. I couldn't imagine burning that amount of fuel at 20 years old.
15,000 miles on super at 20mpg would be £4,500 per year just on fuel - a £375 per month fuel bill !!
I've owned cars doing a real world 24mpg for a number of years and then owned one doing 16mpg (although official stated figure was 25mpg) and the jump in petrol costs felt significant. It felt like I was filling up every couple of days, in the end it got tiresome - both having to constantly stop to fill up and also the number of transactions per month on my bank statement. I could afford it, but it just started to grate after a while. I couldn't imagine burning that amount of fuel at 20 years old.
15,000 miles on super at 20mpg would be £4,500 per year just on fuel - a £375 per month fuel bill !!
Scobblelotcher said:
It’s an amazing car but you really do need to have a war kitty for things like an engine rebuild or ayc problems.
car.
True that, my mates tuned evo 8 blew, and getting the engine rebuilt to factory spec cost in the region of £8k...getting it rebuilt to the spec it was would have cost £15k.car.
Another thing to factor in is rust and rust prevention... if you are using it all year round, then you can't skimp on proper undersealing or dealing with any existing rust. Decent strip, steam clean and fresh underseal will run you £400-500, so factor that in.
Also worth thinking about how these high miles are going to impact resale value... you could add 50-60k miles onto the clock in 4 years, which will put a dent in the car's value, despite good residuals on Evos.
I had a Honda Accord Type-R, from 13 months old and 17k miles and ran it at 20k miles per year up to 195k.
Yes it was run and a company fuel card helped disguise the cost of fuel but the depreciation on the car was a killer. Its now sat in my mums garage either rotting or appreciating having not been driven since 2012. I expect a new battery and fuel and it would probably start first time. That car threw up a few bills 1 warranty clutch, 1 paid myself, 3 cambelts, lots of oil changes at 4.5k intervals, clearances etc. and that was fairly lightly strung. I would imagine an Evo could throw up some big bills, it will be a good laugh though!
Yes it was run and a company fuel card helped disguise the cost of fuel but the depreciation on the car was a killer. Its now sat in my mums garage either rotting or appreciating having not been driven since 2012. I expect a new battery and fuel and it would probably start first time. That car threw up a few bills 1 warranty clutch, 1 paid myself, 3 cambelts, lots of oil changes at 4.5k intervals, clearances etc. and that was fairly lightly strung. I would imagine an Evo could throw up some big bills, it will be a good laugh though!
Scobblelotcher said:
It’s an amazing car but you really do need to have a war kitty for things like an engine rebuild or ayc problems.
Also factor in the age of the car and increased age related maintenance. I ran a 370bhp Impreza for 12 years and as it got older and being fairly hard on parts it required significantly more maintenance as time went by but for me it was always a 2nd car doing less than 5k per year.
Honestly unless you have very deep pockets buying an older highly strung maintenance intensive car could become a disaster for you.
I’d actually recommend you buy two cars, something like a diesel Fabia (I’m thinking cheap and reliable) and then having the Evo as a second/fun car.
Using at as a weekend car is a good shout. Also factor in the age of the car and increased age related maintenance. I ran a 370bhp Impreza for 12 years and as it got older and being fairly hard on parts it required significantly more maintenance as time went by but for me it was always a 2nd car doing less than 5k per year.
Honestly unless you have very deep pockets buying an older highly strung maintenance intensive car could become a disaster for you.
I’d actually recommend you buy two cars, something like a diesel Fabia (I’m thinking cheap and reliable) and then having the Evo as a second/fun car.
Could it? Yes. Would it? Maybe.
You roll the dice ...
I don't know how much you earn or how much money you have, but would suggest stretching yourself to roll the dice is a bad idea, especially if you will be up the proverbial creek without a paddle if it develops a major problem e.g. needing an engine rebuild.
You roll the dice ...
I don't know how much you earn or how much money you have, but would suggest stretching yourself to roll the dice is a bad idea, especially if you will be up the proverbial creek without a paddle if it develops a major problem e.g. needing an engine rebuild.
Depends on what state you want the Evo in. As standard they're as reliable as any other car as long as you keep on top of service consumables. They chew through spark plugs and you always want fully synth oil every six months/5000 miles. Ideally you want to replace all 4 tyres at the same time too which can be a bit of a headache.
A lot of the preventative maintenance you can do on your drive (such as oil and filter changes) which will save a decent sum. Suspension and chassis components (bushes/bearings mainly) might start getting expensive to refresh.
I ran an Evo 5 with just a filter, exhaust and cooler plugs. It made 300bhp at the flywheel and was the perfect daily driver.
The biggest caveat I will make is that it is horrible for motorways. The tiny fuel tank (it's split in half by the rear drivetrain) and the super short gears can mean it's not very well suited to long distances.
I found that I ran mine the best when I did the donkey work in a £900 Saab. This was mainly because we had just had a child and the Saab was just easier to live with.
I only sold mine to fund the purchase of a 600bhp Skyline GTR and gave regretted it ever since. That's how good they are.
A lot of the preventative maintenance you can do on your drive (such as oil and filter changes) which will save a decent sum. Suspension and chassis components (bushes/bearings mainly) might start getting expensive to refresh.
I ran an Evo 5 with just a filter, exhaust and cooler plugs. It made 300bhp at the flywheel and was the perfect daily driver.
The biggest caveat I will make is that it is horrible for motorways. The tiny fuel tank (it's split in half by the rear drivetrain) and the super short gears can mean it's not very well suited to long distances.
I found that I ran mine the best when I did the donkey work in a £900 Saab. This was mainly because we had just had a child and the Saab was just easier to live with.
I only sold mine to fund the purchase of a 600bhp Skyline GTR and gave regretted it ever since. That's how good they are.
Integroo said:
Could it? Yes. Would it? Maybe.
You roll the dice ...
I don't know how much you earn or how much money you have, but would suggest stretching yourself to roll the dice is a bad idea, especially if you will be up the proverbial creek without a paddle if it develops a major problem e.g. needing an engine rebuild.
I would be keeping it stock for a couple years so that should decrease the chance of big issuesYou roll the dice ...
I don't know how much you earn or how much money you have, but would suggest stretching yourself to roll the dice is a bad idea, especially if you will be up the proverbial creek without a paddle if it develops a major problem e.g. needing an engine rebuild.
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