Tip of the Spear: 56k-Mile 2003 Mitsubishi Lancer EVO VIII

  • March 04, 2021
The Rundown
  • Extremely Rare, High-Spec EVO VIII Model
  • 271 bhp Turbocharged, Intercooled DOHC 2.0L Inline 4-Cylinder
  • AWD w/ 5-Speed Manual Transmission
  • Awesome All-Around Performance
  • Great Eyeball & Impeccable Condition
  • Under 57k Miles & Clean Title
  • Offered From Knowledgeable Adult Ownership & Care
Why We Like It

As Mitsubishi’s all-conquering rally homologation model since the early 1980s, the Lancer and succession of ‘EVO’ variants (I through X), have kept the marque at the forefront of top-echelon international motorsports through 2015. Starring roles in the wildly popular Fast and Furious movie franchise cemented the enduring legend of the Lancer ‘Evo’ and introduced car culture and motorsports to entirely new generations of fans and owners. For its part, the 2003 Lancer Evo VIII is powered by a 271 bhp version of Mitsubishi’s renowned 2.0L DOHC inline-four that is force-fed by an intercooled turbocharger delivering nearly instantaneous response in concert with a 5-speed manual gearbox and surefooted all-wheel drive traction. Weighing only an approximate 3k pounds, the Lancer is ready for mortal combat, capable of taking on all challengers, anywhere.

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tip-of-the-spear-56k-mile-2003-mitsubishi-lancer-evo-viii00T0T 5HAk6FDOmV8z 0CI0t2 1200x900As related by the seller in their exceptionally well-detailed online sale listing, this primo EVO VIII has always been garaged and has never seen rain or snow. Instead, it has only been brought out for weekend drives and car shows and has reportedly never been tracked. Offered in a fabulous color and retaining the stock engine block, this potent Lancer has a reasonable 56k seller-stated miles, is leak-free, and comes with a clean title. Desirable features include the original 5-speed manual transmission, A/C, and myriad options and amenities. Maintenance seems rigorous and the car is free of dents, scratches, and rock chips. The seller also advises the car will be smogged and ready for transfer to the end buyer. A long list of choice modifications and upgrades likely translates into an amazing driving experience.

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Valuation Verdict

While the many evolutions of the Lancer Evolution have yet to gain recognition in the usual collector car price guides, these very potent rally homologation specials have inspired new generations of enthusiasts who are now armed with the ready disposable cash to buy and enjoy one. Even though they were never produced in large numbers, some 40 Lancer Evo’s of various eras have been offered online by Bring a Trailer alone since 2016, providing a useful market sample for evaluation. Most found a new home, presumably the product of their rarity and inherent desirability. While a couple have sold around the $12k mark, lower-mileage examples in great condition and desirable specification have embarked on a confirmed upper trend to the $40k mark. The seller’s asking price for our high-quality subject car is on the more affordable side and seems to include the good modifications at essentially zero cost. As such, it looks fair market to us and besides, where will you find another one?

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