S2000 now an appreciating collector car.
The following users liked this post:
Floydo (01-07-2020)
#2
Sounds spot on to me. Good advice in the article.
#3
Registered User
Agreed
Totally agree. I read a jalopnik article many years ago that referred to the s2000 as a future classic. You could also call it a modern classic.
http://jalopnik.com/why-the-honda-s2...ssic-840861367
I bought mine in 2013 for just under $10K. Its value now with the current miles and condition is easily $15K. That's not too bad even considering inflation. Its too fun to sell. Kinda makes you want to buy a newer one just to hold onto.
http://jalopnik.com/why-the-honda-s2...ssic-840861367
I bought mine in 2013 for just under $10K. Its value now with the current miles and condition is easily $15K. That's not too bad even considering inflation. Its too fun to sell. Kinda makes you want to buy a newer one just to hold onto.
#4
Yeah my friend bought his 2001 in 2012 for 12k with 15k miles on it. Lady didnt know what she had. His car is just under 80k miles and could easily sell for more than he paid. He wont though.
#5
Oh, it has been for a while, slowly but surely. I bought mine off this board in April 2013 with 47k miles for $13,000. Sold it in September 2016 with 70k miles for $13,900 after daily driving and 5 trackdays.
#6
While I agree that the s2000 is a good car, I think a big part of the appreciation is cheap credit/easy money. This isn’t unique to the s2000, look at many other enthusiast specific cars of this era. Part of it is just devaluation of the dollar and lenders searching for yield. your dollar 5 years ago may or may not buy the same amount of - real Estate, stocks, food etc. part of it is what the dollar can buy.
Also just by nature the cars get older and attrition takes them out so better examples drift higher in value of the group of potential buyers.
Also just by nature the cars get older and attrition takes them out so better examples drift higher in value of the group of potential buyers.
#7
While I agree that the s2000 is a good car, I think a big part of the appreciation is cheap credit/easy money. This isn’t unique to the s2000, look at many other enthusiast specific cars of this era. Part of it is just devaluation of the dollar and lenders searching for yield. your dollar 5 years ago may or may not buy the same amount of - real Estate, stocks, food etc. part of it is what the dollar can buy.
Also just by nature the cars get older and attrition takes them out so better examples drift higher in value of the group of potential buyers.
Also just by nature the cars get older and attrition takes them out so better examples drift higher in value of the group of potential buyers.
2005 dollar to 2020 dollar is worth 1.32 -32% increase in value
2010 dollar to 2020 dollar is worth 1.18- 18% increase in value
2015 dollar to 2020 dollar is worth 1.09- 9% increase in value-
so all else being equal a car purchased just a few years ago should be “worth” or “appreciated” by the above amounts
that is just the inflation side once you get to the credit side it makes things much more interesting.
Trending Topics
#8
Carinterest rates have declined substantially over the past 30 years. Which mean consumer purchasing power has increased.
new car interest rates hovered above 10% in the early 90’s, declines to 8-6% in early 2000s and then have seen steady decreases as recession hit etc.
For example I financed 120% of my my 10 year old civic at 1.8% several years ago and used several thousand dollars to pay off my student loans which I incurred in 2010 at 6.55% (and had been paying off since graduation)...
to elaborate further- if you financed 20k in at 60 months in 2010 at 5% your payment would be 377
at 2.5% it would be 355- small dollars but enough that it can allow some people to purchase more expensive vehicles, or pay more for the vehicle of their choosing.
add to this that loan terms have steadily lengthened. You used to finance used cars for 36-48 months, now you can finance them for 72.
so a 5% loan at 36 months is $599
and a 2.5% loan at 72 is $322
so now lots of people can qualify for the payment based off of income alone...
new car interest rates hovered above 10% in the early 90’s, declines to 8-6% in early 2000s and then have seen steady decreases as recession hit etc.
For example I financed 120% of my my 10 year old civic at 1.8% several years ago and used several thousand dollars to pay off my student loans which I incurred in 2010 at 6.55% (and had been paying off since graduation)...
to elaborate further- if you financed 20k in at 60 months in 2010 at 5% your payment would be 377
at 2.5% it would be 355- small dollars but enough that it can allow some people to purchase more expensive vehicles, or pay more for the vehicle of their choosing.
add to this that loan terms have steadily lengthened. You used to finance used cars for 36-48 months, now you can finance them for 72.
so a 5% loan at 36 months is $599
and a 2.5% loan at 72 is $322
so now lots of people can qualify for the payment based off of income alone...
#9
Carinterest rates have declined substantially over the past 30 years. Which mean consumer purchasing power has increased.
new car interest rates hovered above 10% in the early 90’s, declines to 8-6% in early 2000s and then have seen steady decreases as recession hit etc.
For example I financed 120% of my my 10 year old civic at 1.8% several years ago and used several thousand dollars to pay off my student loans which I incurred in 2010 at 6.55% (and had been paying off since graduation)...
to elaborate further- if you financed 20k in at 60 months in 2010 at 5% your payment would be 377
at 2.5% it would be 355- small dollars but enough that it can allow some people to purchase more expensive vehicles, or pay more for the vehicle of their choosing.
add to this that loan terms have steadily lengthened. You used to finance used cars for 36-48 months, now you can finance them for 72.
so a 5% loan at 36 months is $599
and a 2.5% loan at 72 is $322
so now lots of people can qualify for the payment based off of income alone...
new car interest rates hovered above 10% in the early 90’s, declines to 8-6% in early 2000s and then have seen steady decreases as recession hit etc.
For example I financed 120% of my my 10 year old civic at 1.8% several years ago and used several thousand dollars to pay off my student loans which I incurred in 2010 at 6.55% (and had been paying off since graduation)...
to elaborate further- if you financed 20k in at 60 months in 2010 at 5% your payment would be 377
at 2.5% it would be 355- small dollars but enough that it can allow some people to purchase more expensive vehicles, or pay more for the vehicle of their choosing.
add to this that loan terms have steadily lengthened. You used to finance used cars for 36-48 months, now you can finance them for 72.
so a 5% loan at 36 months is $599
and a 2.5% loan at 72 is $322
so now lots of people can qualify for the payment based off of income alone...
The 72-84 month loan is a scam into making people think they can afford more car than they really can by making the monthly payments seem small, but they last forever, and you end up pay more interest overall over the life of that loan.
Automotive loans are the new bubble that is forming - it's another lender trap not too dissimilar from the adjustable rate mortgage that they issued left and right for the housing market just prior to the crash.
As of early last year, over 7 million Americans were delinquent on their auto loan payments by over 90 days. The percentage of those delinquent has been increasing over the past 6 or 7 years and is almost equal to the percentage delinquent in 2009 right at the height of the last recession...
#10
Qualify.... all sorts of people "qualified" to buy houses on adjustable rate mortgages - that turned out quite swimmingly.
The 72-84 month loan is a scam into making people think they can afford more car than they really can by making the monthly payments seem small, but they last forever, and you end up pay more interest overall over the life of that loan.
Automotive loans are the new bubble that is forming - it's another lender trap not too dissimilar from the adjustable rate mortgage that they issued left and right for the housing market just prior to the crash.
As of early last year, over 7 million Americans were delinquent on their auto loan payments by over 90 days. The percentage of those delinquent has been increasing over the past 6 or 7 years and is almost equal to the percentage delinquent in 2009 right at the height of the last recession...
The 72-84 month loan is a scam into making people think they can afford more car than they really can by making the monthly payments seem small, but they last forever, and you end up pay more interest overall over the life of that loan.
Automotive loans are the new bubble that is forming - it's another lender trap not too dissimilar from the adjustable rate mortgage that they issued left and right for the housing market just prior to the crash.
As of early last year, over 7 million Americans were delinquent on their auto loan payments by over 90 days. The percentage of those delinquent has been increasing over the past 6 or 7 years and is almost equal to the percentage delinquent in 2009 right at the height of the last recession...