Comparing Cost of Ownership: Budget Builds for 300 Hp Wrx vs Evo

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The Subaru WRX and Mitsubishi Lancer Evolution are two iconic vehicles in the world of performance cars. Both are known for their all-wheel-drive systems, turbocharged engines, and rally heritage. In this article, we will compare the cost of ownership for budget builds aimed at achieving around 300 horsepower for both models.

Initial Purchase Price

The first factor to consider in the cost of ownership is the initial purchase price. The price can vary significantly based on the model year, condition, and mileage.

  • Subaru WRX: Prices for used WRXs typically range from $20,000 to $30,000 depending on the year and condition.
  • Mitsubishi Lancer Evolution: Used Evos can be more expensive, often ranging from $25,000 to $40,000 due to their rarity and enthusiast status.

Insurance Costs

Insurance is another significant aspect of the overall cost of ownership. Given their performance nature, both vehicles may incur higher premiums.

  • Subaru WRX: Average insurance costs range from $1,200 to $1,800 per year.
  • Mitsubishi Lancer Evolution: Insurance costs can be higher, averaging between $1,500 and $2,200 annually.

Fuel Economy

Fuel economy is a crucial consideration for budget builds, especially for daily drivers. Both cars have similar performance but differ slightly in fuel efficiency.

  • Subaru WRX: The WRX typically achieves around 21 MPG in the city and 27 MPG on the highway.
  • Mitsubishi Lancer Evolution: The Evo offers slightly lower fuel economy, averaging about 18 MPG in the city and 25 MPG on the highway.

Maintenance and Repair Costs

Both vehicles require regular maintenance, but the costs can vary based on parts availability and labor rates.

  • Subaru WRX: Maintenance costs are generally lower, averaging around $500 to $700 annually.
  • Mitsubishi Lancer Evolution: The Evo may have higher costs, often ranging from $800 to $1,200 per year due to specialized parts.

Performance Modifications

For enthusiasts looking to achieve 300 horsepower, performance modifications are essential. The costs associated with these modifications can vary based on the chosen parts and labor.

  • Subaru WRX: Common modifications include a turbo upgrade, exhaust system, and tuning, costing approximately $2,000 to $4,000.
  • Mitsubishi Lancer Evolution: Similar modifications can range from $3,000 to $5,000, particularly due to the complexity of the Evo’s engine.

Resale Value

Resale value is an important factor to consider when assessing long-term ownership costs. Both vehicles have their strengths in this area.

  • Subaru WRX: Generally holds its value well, with depreciation rates lower than average for performance cars.
  • Mitsubishi Lancer Evolution: Tends to retain value better than the WRX due to its limited production and cult following.

Conclusion

In conclusion, both the Subaru WRX and Mitsubishi Lancer Evolution offer unique advantages and challenges when it comes to cost of ownership for budget builds targeting around 300 horsepower. The WRX generally comes with lower initial costs, insurance, and maintenance, while the Evo may provide better resale value and a more engaging driving experience. Ultimately, the choice between these two performance legends will depend on personal preference and budget considerations.