S2k currently Appreciating? vs Depreciating
04-11-2012, 07:34 AM
#13
Registered User
I think there is a saying, "If KBB value is xx,xxx then go ask Kelly to buy it"
Translated it means your car is only worth what someone will pay for it at that moment. Some buyers like mods, others hate it so whenever you put your car up for sale it's a balance between how badly you need to sell and how quickly you need the cash.
EVERYONE says they "don't need to sell, blah blah whatever" - most list their car for sale because they either:
a) Need the cash
b) Want a change which is a game on how patient you are....
KBB values are hardly a science and only a rough value, most people prefer to use Edmunds of NADA but the bottom line is you can ask whatever you want for the car. When it actually sells is what your car is worth at that particular moment to that particular buyer
In general s2000's are getting more scarce by day as people mod, wreck, and destroy their cars so value "may" go up slightly. Again demographics including where you are located all play a major role. Cars in general are worth less in the midwest and east coast.
I have people contacting me all the time asking if my s2000 is for sale and my answer is always a friendly NO
There is simply no car out there that can replace what my s2000 does for me at any value. So even if I have 10 exotic cars one of the cars in my garage will be an s2000.
Translated it means your car is only worth what someone will pay for it at that moment. Some buyers like mods, others hate it so whenever you put your car up for sale it's a balance between how badly you need to sell and how quickly you need the cash.
EVERYONE says they "don't need to sell, blah blah whatever" - most list their car for sale because they either:
a) Need the cash
b) Want a change which is a game on how patient you are....
KBB values are hardly a science and only a rough value, most people prefer to use Edmunds of NADA but the bottom line is you can ask whatever you want for the car. When it actually sells is what your car is worth at that particular moment to that particular buyer
In general s2000's are getting more scarce by day as people mod, wreck, and destroy their cars so value "may" go up slightly. Again demographics including where you are located all play a major role. Cars in general are worth less in the midwest and east coast.
I have people contacting me all the time asking if my s2000 is for sale and my answer is always a friendly NO
There is simply no car out there that can replace what my s2000 does for me at any value. So even if I have 10 exotic cars one of the cars in my garage will be an s2000.
04-11-2012, 02:49 PM
#16
I think there is a saying, "If KBB value is xx,xxx then go ask Kelly to buy it"
Translated it means your car is only worth what someone will pay for it at that moment. Some buyers like mods, others hate it so whenever you put your car up for sale it's a balance between how badly you need to sell and how quickly you need the cash.
EVERYONE says they "don't need to sell, blah blah whatever" - most list their car for sale because they either:
a) Need the cash
b) Want a change which is a game on how patient you are....
KBB values are hardly a science and only a rough value, most people prefer to use Edmunds of NADA but the bottom line is you can ask whatever you want for the car. When it actually sells is what your car is worth at that particular moment to that particular buyer
In general s2000's are getting more scarce by day as people mod, wreck, and destroy their cars so value "may" go up slightly. Again demographics including where you are located all play a major role. Cars in general are worth less in the midwest and east coast.
I have people contacting me all the time asking if my s2000 is for sale and my answer is always a friendly NO
There is simply no car out there that can replace what my s2000 does for me at any value. So even if I have 10 exotic cars one of the cars in my garage will be an s2000.
Translated it means your car is only worth what someone will pay for it at that moment. Some buyers like mods, others hate it so whenever you put your car up for sale it's a balance between how badly you need to sell and how quickly you need the cash.
EVERYONE says they "don't need to sell, blah blah whatever" - most list their car for sale because they either:
a) Need the cash
b) Want a change which is a game on how patient you are....
KBB values are hardly a science and only a rough value, most people prefer to use Edmunds of NADA but the bottom line is you can ask whatever you want for the car. When it actually sells is what your car is worth at that particular moment to that particular buyer
In general s2000's are getting more scarce by day as people mod, wreck, and destroy their cars so value "may" go up slightly. Again demographics including where you are located all play a major role. Cars in general are worth less in the midwest and east coast.
I have people contacting me all the time asking if my s2000 is for sale and my answer is always a friendly NO
There is simply no car out there that can replace what my s2000 does for me at any value. So even if I have 10 exotic cars one of the cars in my garage will be an s2000.
Interesting, my car 04 S with 103K is worth $13.3 or with 60K worth $17.7 (I paid 15.9K). So if you own the car and don't drive it, values are going up. This car will likely take too many years to become a collectors car to ever be considered an investment.
Everyone needs to factor in inflation, declining dollar and the cash for clunkers program. It instantly caused used car prices to go up. In 1 year my S KBB'd $1K more than the previous year.
KBB
2009 04 S w/60K $17.5 - market ranged from 17-23K
2009 purchased my 04 S w/60 for $15.9
2012 my car with 103K worth $13.3 or 17.7 with original miles driven.
I think what's fair to say is the depreciation is slowing. As you'd expect with a car reaching the 10 year mark. But OP isn't the price of everything going up? Think about that for a moment
04-12-2012, 01:08 AM
#17
You are close, I used to sell cars, naturally because the economy is slow the buyers out there are buying used cars versus new cars to save whatever money they can thus making it very hard to get used cars right now. Auction prices are rediculous right now and dealers are paying the prices just to get cars on the lot
