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Renew warranty before trade-in or not?

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Old 03-24-2002 | 02:22 PM
  #1  
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From: Sellersburg
Default Renew warranty before trade-in or not?

I got a notice that my warranty will expire in late April and I can renew it for around $600.

I had some hail damage recently and had to get it fixed, only to find that I'm not overly happy with the new paint. Its not that bad, but its bad enough where I want a s2k with factory paint again. So I'm thinking about trading it in.

My question is this- Does having the warranty improve your tradein value in any way?

-B
Old 03-24-2002 | 02:26 PM
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just trade it in,.. they will not give you any extra $ if you have extended warranty..
you might get a little bit less for the trade in though,... the best your going to get as a trade in for your S i have noticed so far is 26k if you have low mileage and about 28-29k range if you have a hard top also..
dont forget the dealer INVOICE is only 29.8k for the car...
Old 03-24-2002 | 07:18 PM
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[QUOTE]Originally posted by bguernsey
[B]I got a notice that my warranty will expire in late April and I can renew it for around $600.
Old 03-25-2002 | 03:49 AM
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Originally posted by boiler


Byron, I wouldn't spend any more money on it if you are going to trade it in. What color are you looking to buy, another red one?

Do you know what model of Talkabout Eric has?

See you,
Bob
I'm not sure the model, but I believe it is a Motorola...their higher end model.

-B
Old 03-25-2002 | 04:10 AM
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Originally posted by bayarea408
just trade it in,.. they will not give you any extra $ if you have extended warranty..
you might get a little bit less for the trade in though,... the best your going to get as a trade in for your S i have noticed so far is 26k if you have low mileage and about 28-29k range if you have a hard top also..
dont forget the dealer INVOICE is only 29.8k for the car...
Yea. I think whats more important to me is to look at what they are selling used S2K's for in this area and then subtract a reasonable profit margin to find a reasonable tradein price- and if not, just sell it on my own. The blue book value (amount banks will loan you for to buy a used S2K) is still around 31K. I doubt they are selling them for that rate though.

I do have low mileage though- 8200 miles on a 2000 S2000. Unfortunately, I feel that the paint job is going to affect my trade in price.

Byron
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