S2k Depreciation?
09-13-2005, 02:24 PM
#1
S2k Depreciation?
I keep telling myself that the S2k was a great financial investment because it doesn't depreciate except when a new MY comes out. I also assume the the prices will either raise or not fall anymore when they finally stop making them. Am I correct in assuming this? You see I am in college and I bought my car with loan money and when I get out I was planning on selling the car to pay back the loans (assuming it doesn't lose much value over the next 2-3 years).
09-13-2005, 02:28 PM
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That is one crazy assumption, unless that car is a collectible. 
Like all "non-collectible" cars, your S will depreciate, but luckily, not nearly as much as other cars.
Like all "non-collectible" cars, your S will depreciate, but luckily, not nearly as much as other cars.
09-13-2005, 02:44 PM
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Originally Posted by Purple_sky,Sep 13 2005, 04:28 PM
That is one crazy assumption, unless that car is a collectible. Like all "non-collectible" cars, your S will depreciate
Like all "non-collectible" cars, your S will depreciate
You bought the wrong car if you were looking for an investment. Almost every car is a depreciating asset unless it is 20 or more years old and is collectible.
09-13-2005, 03:45 PM
#4
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oh boy.....these S2k's depreciate like a mofo. Out of all the honda's (I don't know about the pilot or element), aren't the S2K's one of the quickest ones to drop?
I'll bet you'll lose 6-7K or more over the next few years....
I'll bet you'll lose 6-7K or more over the next few years....
09-13-2005, 03:53 PM
#5
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Originally Posted by s2krazy01,Sep 13 2005, 02:24 PM
I bought my car with loan money and when I get out I was planning on selling the car to pay back the loans (assuming it doesn't lose much value over the next 2-3 years).
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09-13-2005, 08:13 PM
#10
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Originally Posted by ninethreeeleven,Sep 13 2005, 06:24 PM
The only cars that are under $32,000 and won't drop that much in value are the Mini and hybrids. But when new hybrids come out they will start to fall.
The Mini is everywhere, and only so many people will buy that car. It's a niche market, and right now it's about saturated.
Hybrids seem like great options to people who can't do math, or those who love novelty. You'll never come up ahead on a hybrid purchase unless you're driving 20k miles a year, or plan on owning the car for ten years. If gas hits $7 a gallon, then maybe... but for now, these are going down in value too.