S2000's Depreciating in Value?
#23
Originally posted by fanoftheliving
Whatever you do, if you want to retain as much of the cars value as possible, DON'T MOD IT. Keep it stock, it will be worth more when you go to sell it.
Whatever you do, if you want to retain as much of the cars value as possible, DON'T MOD IT. Keep it stock, it will be worth more when you go to sell it.
#24
If you were to go back and check when documented resale prices(Edmunds, KBB, etc.) started falling, you will find that this took place in late Fall '02. I know because I purchased mine new in Aug '02. One of the selling points to my wife was the resale value.
S2000's are not rare. They are just not promoted like other sportscars. I paid sticker when dealerships in my area were still trying to get MSRP + $3000. I would do it all over again. Hell, I'd be willing to finance in another grand if I had known what I was in store for! We have thoroughly enjoyed our "PrincesS" all 34k miles we put on her in 18 months. It's our "3rd" car.
One more thing, I try not to buy motorcycles or hi-speed toys used. Call it "peace of mind."
S2000's are not rare. They are just not promoted like other sportscars. I paid sticker when dealerships in my area were still trying to get MSRP + $3000. I would do it all over again. Hell, I'd be willing to finance in another grand if I had known what I was in store for! We have thoroughly enjoyed our "PrincesS" all 34k miles we put on her in 18 months. It's our "3rd" car.
One more thing, I try not to buy motorcycles or hi-speed toys used. Call it "peace of mind."
#26
Whatever you do, if you want to retain as much of the cars value as possible, DON'T MOD IT. Keep it stock, it will be worth more when you go to sell it.
The best bet for the s2000 is to keep it for I'd say 8 to 10 years. The car will then holds its value for a ten year old car very well. Probably will sell for around 10k after being ten years old.
#27
To the guys that are saying to mod the car then de-mod it when you plan on reselling it: Your resale value still won't be the same as if you were to leave the car completely stock WITHOUT having a history of modding it.
Scenario #1:
You swapped out to toda cams, put ITB's on, cut the engine harness for an aem ems, change the pistons/rods/valvesprings/etc... Now say you take all that out and return it back to stock. You think your car is still gonna be as reliable as when it rolled off the factory? Its very obvious to see if a car has been seriously modded or not. Look at the bolts. Not to mention that honda marks all their bolts. If you plan on trading it into the dealer, thats another story.
Scenario #1:
You swapped out to toda cams, put ITB's on, cut the engine harness for an aem ems, change the pistons/rods/valvesprings/etc... Now say you take all that out and return it back to stock. You think your car is still gonna be as reliable as when it rolled off the factory? Its very obvious to see if a car has been seriously modded or not. Look at the bolts. Not to mention that honda marks all their bolts. If you plan on trading it into the dealer, thats another story.
#29
Mods always decrease the value. So if you're going to mod, just keep the car!!!
Or find a buyer who doesn't mind a modded car. If you choose to mod, do minor stuff that won't have a huge affect on the car's performance down the road (intake or cosmetic stuff).
Stock is always best, and I plan on keeping mine stock. It's a very capable car right out of the box.
Of course, that supercharger would be nice....
Or find a buyer who doesn't mind a modded car. If you choose to mod, do minor stuff that won't have a huge affect on the car's performance down the road (intake or cosmetic stuff).
Stock is always best, and I plan on keeping mine stock. It's a very capable car right out of the box.
Of course, that supercharger would be nice....
#30
Originally posted by M-Type
20-24k for a 5 yr old car that you paid 32 for is not bad at all.
20-24k for a 5 yr old car that you paid 32 for is not bad at all.