S2k Depreciation?
09-13-2005, 09:24 PM
#11
Registered User
Originally Posted by OCMusicJunkie,Sep 13 2005, 08:13 PM
Neither of those are going to retain value well, either.
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.
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.
with a hybrid civic only, what, $2500 over an EX, you actually may be able to make it work. Say you save $60/month in gas, after 4 years you have saved $2880.
09-13-2005, 09:36 PM
#12
Registered User
actually s2krazy01 has a 2001 so I don't think depreciation will be much. As it gets a little lower, the number of eligible buyers who can afford it will go up. the S2000 is adored by many younger people, but they are still a little out of reach. Once the bulk of that market can afford it, prices will stabilize. that's my take.
09-14-2005, 05:19 AM
#14
Registered User
[QUOTE=steven975,Sep 13 2005, 09:24 PM] buying a 2-3 year old hybrid can pay off though, as the premium is much smaller than when new.
with a hybrid civic only, what, $2500 over an EX, you actually may be able to make it work.
with a hybrid civic only, what, $2500 over an EX, you actually may be able to make it work.
09-14-2005, 05:24 AM
#15
Registered User
Originally Posted by s2krazy01,Sep 13 2005, 02:24 PM
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).
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