Why is the value of this car dropping like a Mir space station?
05-22-2001, 04:12 PM
#1
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I am thinking of selling my car (just not too practical having 2 motorcycles and 1 s2k).
So far, the value of this car seems to be hovering around 25K for a 2000 S2000 with about 15K on the odometer! Why the huge depreciation? I thought when I bought this car the value would stay pretty high considering the original demand. Now (in montreal), it seems that most dealerships cannot even get MSRP for it.
What's going on?? What kind of a hit is a car like this supposed to take in the first 1-2 years? 25%??
Rob
So far, the value of this car seems to be hovering around 25K for a 2000 S2000 with about 15K on the odometer! Why the huge depreciation? I thought when I bought this car the value would stay pretty high considering the original demand. Now (in montreal), it seems that most dealerships cannot even get MSRP for it.
What's going on?? What kind of a hit is a car like this supposed to take in the first 1-2 years? 25%??
Rob
05-22-2001, 04:14 PM
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Bring it to Southern California. I just paid 32K for one with 10K on it. Totally worth it, as it's a car that I'll keep for along time.
Two motorcycles more practical than an S2K and a motorcycle? I don't get it.
Two motorcycles more practical than an S2K and a motorcycle? I don't get it.
05-22-2001, 04:21 PM
#4
And I bet the dealer is telling you he'll give you MSRP on the new car your trading it in on.....
.
Dealer's make money in three ways:
1) New car price (MSRP)
2) TRADE IN
3) Financing
.Dealer's make money in three ways:
1) New car price (MSRP)
2) TRADE IN
3) Financing
05-22-2001, 04:23 PM
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1) The economy is in a funk?
2) There have been numerous layoffs since January, 2001?
3) Energy costs are at an all-time high?
4) Disposable income is no longer "disposable"?
5) You should be able to get at least $29K!
2) There have been numerous layoffs since January, 2001?
3) Energy costs are at an all-time high?
4) Disposable income is no longer "disposable"?
5) You should be able to get at least $29K!
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05-22-2001, 04:51 PM
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05-22-2001, 05:13 PM
#9
This car is like any other, it will lose a certain ammount of value over time, depending on the affore mentioned supply and demand. What something is WORTH is calculated in two ways...
1. What it's worth to you
2. What it's worth to someone else, not book values.
See what you can get, you may be surprised. Pick your selling market wisely, again, as affore mentioned.
Andrew
1. What it's worth to you
2. What it's worth to someone else, not book values.
See what you can get, you may be surprised. Pick your selling market wisely, again, as affore mentioned.
Andrew
05-22-2001, 05:59 PM
#10
I am not trying to sell mine, but it does sort of suck that all of the sudden they are dropping quickly (at least here in the east).... Even in Florida, that one guy sold his 10k miles 2001 for $27.9k.....
I wouldn't expect to get more than about $26k for mine, which is a $6.5k hit for 1.75 years.... i guess that is about par, but... i was expecting better results.
-----wife's landcruiser lease is a 3 year, 71% residual...which i guess is slightly better than where I would guess we are heading-----
I wouldn't expect to get more than about $26k for mine, which is a $6.5k hit for 1.75 years.... i guess that is about par, but... i was expecting better results.
-----wife's landcruiser lease is a 3 year, 71% residual...which i guess is slightly better than where I would guess we are heading-----