New England S2000 Owners New England S2000 Owners

Good deal on '01 S2K?

Thread Tools
 
Old 06-18-2009, 11:16 AM
  #1  
Registered User
Thread Starter
 
Geeforce's Avatar
 
Join Date: Jul 2006
Location: Lexington, MA BMW 330Ci
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
Default Good deal on '01 S2K?

I found an '01 S2K with 36k Miles on it. Asking price is $11,700. It seems mint in the description and it has been garaged during winters. It's hard to forecast the value of these cars due to the fact that they are no longer in production but doesn't this one seem like a good deal?
I have had great luck in buying / maintaining good examples of used cars and often making back my money (or at least most of it) when I re-sell them. This is what I hope with an S2K as well.
What do you guys think?
-Scott
Old 06-18-2009, 11:20 AM
  #2  
Registered User
 
Bass's Avatar
 
Join Date: May 2002
Location: Franklin MA
Posts: 39,285
Likes: 0
Received 1 Like on 1 Post
Default

if you like it buy it for the enjoyment of owning an s2k

if you are buying it to make money - i highly doubt the values will increase
Old 06-18-2009, 11:35 AM
  #3  

 
Legal Bill's Avatar
 
Join Date: Oct 2002
Location: Canton, MA
Posts: 34,103
Received 106 Likes on 78 Posts
Default

$11,700 sounds like a good price, but I don't know if you can sell it for so much more that you would make back the sales tax and a profit. I agree with Steve.
Old 06-18-2009, 11:38 AM
  #4  
Registered User

 
zzziippyyy's Avatar
 
Join Date: Mar 2005
Location: On yo puter screen
Posts: 78,838
Likes: 0
Received 6 Likes on 5 Posts
Default

Originally Posted by Bass,Jun 18 2009, 03:20 PM
if you like it buy it for the enjoyment of owning an s2k

if you are buying it to make money - i highly doubt the values will increase
At least into the next 10 years I dont see any appreciation in value coming.
Old 06-18-2009, 11:43 AM
  #5  
Community Organizer
Community Organizer
 
Pinky's Avatar
 
Join Date: Oct 2000
Location: Chapel Hill, NC
Posts: 8,578
Received 104 Likes on 83 Posts
Default

Unless the dollar goes on an inflationary skyrocket.
Old 06-18-2009, 12:17 PM
  #6  
Registered User
Thread Starter
 
Geeforce's Avatar
 
Join Date: Jul 2006
Location: Lexington, MA BMW 330Ci
Posts: 47
Likes: 0
Received 0 Likes on 0 Posts
Default

Thanks for the insight. I would be buying for pure pleasure of owning/driving an S2K not to make a profit. The main concern for trying to make back much of the original investment would be based on if I need the cash in a year or two when we need to upgrade to a larger house (we hope).
Old 06-18-2009, 12:23 PM
  #7  
Registered User
 
Bass's Avatar
 
Join Date: May 2002
Location: Franklin MA
Posts: 39,285
Likes: 0
Received 1 Like on 1 Post
Default

the s2k has held it's value pretty well in the last ten years

ie you are you are paying 40% of the orig sell price from 8 years ago (ie28k new)

but who knows what will happen to the market when you are ready to sell
Old 06-18-2009, 01:13 PM
  #8  
Registered User
 
The Hoth's Avatar
 
Join Date: Jun 2002
Posts: 5,550
Likes: 0
Received 1 Like on 1 Post
Default

Get a car fax.
Old 06-18-2009, 03:13 PM
  #9  
Registered User
 
FitzyS2k's Avatar
 
Join Date: Aug 2006
Posts: 1,947
Likes: 0
Received 1 Like on 1 Post
Default

it sounds like your getting closer to buying one. we still going to have a test drive.
Old 06-18-2009, 05:02 PM
  #10  
Registered User
 
2zznuke's Avatar
 
Join Date: Oct 2008
Location: Groton CT
Posts: 139
Likes: 0
Received 0 Likes on 0 Posts
Default

if you dont want it, i will surely take another s2k


Quick Reply: Good deal on '01 S2K?



All times are GMT -8. The time now is 02:19 PM.