Wonder why this S hasn't sold yet
08-31-2015 | 05:54 PM
#22
Joined: Aug 2010
Posts: 4,259
Likes: 359
From: um, a house
there's an '03 in OHIO with similarly low miles for $24,300 on the FS forum- now i would put that car in my garage for that money- but i just love my '03.
likely $24750 is the high price for that '04. Don't expect to see money on the tail end when you sell it- in other words, buy it to enjoy, not to sell it in a few years and make some coin.
White with red interior would be even more desirable in my eyes and make that $24750 easier to swallow.
darcy
likely $24750 is the high price for that '04. Don't expect to see money on the tail end when you sell it- in other words, buy it to enjoy, not to sell it in a few years and make some coin.
White with red interior would be even more desirable in my eyes and make that $24750 easier to swallow.
darcy
09-01-2015 | 09:00 AM
#24
Registered User
Joined: Nov 2014
Posts: 150
Likes: 0
Please tell me you changed the original tires ASAP. My 05 had 6k miles and original tires when I bought it 6 months ago. Those tires were practically petrified! They looked to be in great condition, but the rubber had lost it's grip. Tires have a limited shelf life - around 6 years or so? Summer tires in December didn't help either. One of the first things I did was switch out the tires for a set of Michelin PSS. What a difference.
09-01-2015 | 11:28 AM
#25
Registered User
Joined: Dec 2014
Posts: 30
Likes: 0
I don't think it's over priced at all. I recently paid the same amount for a 2005 AP2 with 6k miles, as did another member on this forum. Granted, we purchased from a dealer, so that gives a little extra piece of mind. Dealers can always sell for a tad higher than private party.
When I bought mine, I went to the dealer with a half-dozen listings of other S2ks for sale for $20k. I also brought print-outs from Edmunds, KBB and NADA, showing the car should be worth $20k. The dealer basically laughed at it and made some good points that were hard to argue.
1. The other listings I brought were worthless. They were all for cars that had 30, 40, even 50k on the clock. My car was literally new, inside and out. I don't even have a single wrinkle in my driver's seat leather. Not apples to apples.
2. Most of the pricing guides work by averaging out the purchase price of other similar vehicles. If there aren't any true "comps" than they they aren't very accurate either. He had a point. It's not that different from houses. If you have a 4BR house and the only other comps in the entire area are 2BRs, then the 2BR comps are pretty much worthless.
3. In closing he said, my best price is $24,750. You can buy this car for $24,750, or you can go find another mint, un-modified S2k with 6k miles. I couldn't help but agree with his logic.
I could've shopped for the next 6 months until I found the listing above... For $24,900. And I'd be right back where I started.
For those of you that think you can get an S2k with under 10k miles for $18,000, I say good luck. You might be able to, but you're going to be shopping for a looong time.
In 10 years, modified, high-mileage S2ks will be a dime a dozen - they already are. And they won't be worth much. On the other hand, mint examples with less than 20 or 30k on the clock might fair pretty well. I'm not delusional. I don't think I'm going to strike it rich off my car. But if I hang onto it for 5-10 years, I'm fairly confident it will retain it's value as long as I keep it mint and don't rack up the miles. That shouldn't be a problem. I drive it every chance I get and I've only put 2k miles on it this summer.
When I bought mine, I went to the dealer with a half-dozen listings of other S2ks for sale for $20k. I also brought print-outs from Edmunds, KBB and NADA, showing the car should be worth $20k. The dealer basically laughed at it and made some good points that were hard to argue.
1. The other listings I brought were worthless. They were all for cars that had 30, 40, even 50k on the clock. My car was literally new, inside and out. I don't even have a single wrinkle in my driver's seat leather. Not apples to apples.
2. Most of the pricing guides work by averaging out the purchase price of other similar vehicles. If there aren't any true "comps" than they they aren't very accurate either. He had a point. It's not that different from houses. If you have a 4BR house and the only other comps in the entire area are 2BRs, then the 2BR comps are pretty much worthless.
3. In closing he said, my best price is $24,750. You can buy this car for $24,750, or you can go find another mint, un-modified S2k with 6k miles. I couldn't help but agree with his logic.
I could've shopped for the next 6 months until I found the listing above... For $24,900. And I'd be right back where I started.
For those of you that think you can get an S2k with under 10k miles for $18,000, I say good luck. You might be able to, but you're going to be shopping for a looong time.
In 10 years, modified, high-mileage S2ks will be a dime a dozen - they already are. And they won't be worth much. On the other hand, mint examples with less than 20 or 30k on the clock might fair pretty well. I'm not delusional. I don't think I'm going to strike it rich off my car. But if I hang onto it for 5-10 years, I'm fairly confident it will retain it's value as long as I keep it mint and don't rack up the miles. That shouldn't be a problem. I drive it every chance I get and I've only put 2k miles on it this summer.
09-01-2015 | 12:07 PM
#26
Registered User
Joined: Apr 2012
Posts: 1,097
Likes: 1
I'll say it again, I don't think $25k is pushing it in the least, lol. I'm kind of wishing right now that I didn't have my current GPW/tan because I would go look at that car in a heartbeat.
You're buying an almost-new car. One that there are almost zero left of (so the "supply" is virtually non-existent). It's unmolested. And is less than 2/3 of the original price. Sounds like a good deal to me.
You're buying an almost-new car. One that there are almost zero left of (so the "supply" is virtually non-existent). It's unmolested. And is less than 2/3 of the original price. Sounds like a good deal to me.
09-01-2015 | 12:30 PM
#27
Joined: Oct 2009
Posts: 1,315
Likes: 2
From: North SF Bay, CA
I'll say it again, I don't think $25k is pushing it in the least, lol. I'm kind of wishing right now that I didn't have my current GPW/tan because I would go look at that car in a heartbeat.
You're buying an almost-new car. One that there are almost zero left of (so the "supply" is virtually non-existent). It's unmolested. And is less than 2/3 of the original price. Sounds like a good deal to me.
You're buying an almost-new car. One that there are almost zero left of (so the "supply" is virtually non-existent). It's unmolested. And is less than 2/3 of the original price. Sounds like a good deal to me.
I agree it looks like a good deal even at 24k. If it had the red-black interior I too might be giving it a second look. I'm not a fan of the tan interior, but I know many folks are.I think the only ones squawking are the low-ballers who are upset that this car is out of their price range. Less than 20K for this car is totally absurd indeed.
09-01-2015 | 12:53 PM
#28
Joined: Jan 2014
Posts: 1,090
Likes: 1
Its all supply and demand you can get beat to hell cars with replaced panels ect dirt cheap because more than 35% of the s2000's out there probably fall into that category and are owned by people who don't appreciate resale value. Now when you move into the 30-40k mileage range you get nicer more stock type cars but still theres plenty to choose from. Its when you go sub 10k mileage, seats never farted in, one owner cars that will always hold there value because 10 years from now there probably wont be many examples left. Then you'll be lucky to touch the same car for 35k
09-01-2015 | 04:16 PM
#29
Registered User
Joined: Nov 2014
Posts: 150
Likes: 0
Its all supply and demand you can get beat to hell cars with replaced panels ect dirt cheap because more than 35% of the s2000's out there probably fall into that category and are owned by people who don't appreciate resale value. Now when you move into the 30-40k mileage range you get nicer more stock type cars but still theres plenty to choose from. Its when you go sub 10k mileage, seats never farted in, one owner cars that will always hold there value because 10 years from now there probably wont be many examples left. Then you'll be lucky to touch the same car for 35k
09-01-2015 | 05:48 PM
#30
Joined: Jan 2014
Posts: 1,090
Likes: 1
Originally Posted by mongomery1234' timestamp='1441140824' post='23733725
Its all supply and demand you can get beat to hell cars with replaced panels ect dirt cheap because more than 35% of the s2000's out there probably fall into that category and are owned by people who don't appreciate resale value. Now when you move into the 30-40k mileage range you get nicer more stock type cars but still theres plenty to choose from. Its when you go sub 10k mileage, seats never farted in, one owner cars that will always hold there value because 10 years from now there probably wont be many examples left. Then you'll be lucky to touch the same car for 35k