2005 Mitsubishi Lancer Evolution sells for $49,750 on Cars & Bids — was it a deal?
The 2005 [Mitsubishi Lancer Evolution](https://fridayswatchlist.com/search?make=Mitsubishi&model=Lancer%20Evolution) VIII sold for $49,750, which is strong money in today’s market, especially considering the car's pedigree and condition.
This Evo VIII is no ordinary sedan. With a turbocharged 2.0-liter inline-4 engine cranking out 276 horsepower, paired with a 5-speed manual transmission and all-wheel drive, it’s built for performance. The low mileage of 34,900 is a big plus, as it indicates the car has been well cared for. Plus, being a one-owner vehicle and unmodified adds to its appeal for collectors looking for a stock example of this iconic model. The factory features like 17-inch Enkei wheels, Brembo brakes, and Recaro front seats scream sporty, making it a desirable option for anyone who appreciates a serious driver's car.
Now, let’s talk about that price. With a fair value estimate of $42,300, this sale price is 18% above what would be considered market-correct. The bidding war was hot, with 48 bids fired off, indicating strong interest in the car. But at nearly $50k, the buyer paid a premium. It’s a testament to how much stock Evos have gained in popularity, but it’s hard to ignore that buyers are paying above what the market might dictate for a comparable sale.
The community response was a mix of intrigue and regret. One comment stood out: "Doug should have reviewed this one. GLWS." It highlights that even in a heated auction, some folks felt the car deserved more attention, which shows the demand for these Evos isn’t just about the price—it’s about the story and condition behind the car.
For anyone hunting a similar vehicle, keep an eye on mileage and modifications. A low-mileage, unmodified car like this one is rare, but they do exist. Confirm the Carfax and any service history. If you find one with a clean background and similar specs, you might just land a gem—though you may need to be ready to pay up.
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