Freznal

Having watched the fall of S2000 prices over the last year, I was wondering on opinoins to how far people think they will fall? I would suspect that the $ 40K barrier would be breached at 100 000 Kms, or do you think that could happen sooner?

tze

Way way sooner - the $40k barrier should be breached at about 70K -

There are deals to be had - 30Kkm is now about $48Kish -

Its all a matter however of finding the right car for you which has been looked after and been broken in properly

Austblue

Are you saying that our car can be purchased sub $40K with 70k on it? I doubt this looking at the prices being asked. Of course thats not the best way to measure the price but it gives a good idea. BTW this would make the market value of my car out by about $20K on my car.

tze

Have a look at redbook.com.au - I don't think the years go out far enough to show 70Kkm+ - I could be wrong - but you will find that on the bottom end of the scale, the prices are far lower than what we would generally expect -

I think that redbook takes into account the current average selling values in making their assessment -

Perhaps 70Kkm may have been an overstatement - but I think that 80Kkm+ would not be too hard to believe given the current glut on the market -

But I can't stress enough that it really depends on whether the right car is at the right price - I know that I wouldnt be buying a high milege car simply b/c I think it will be very hard to sell above 100Kkm at a satisfactory price b/c by then I would be trying to sell to the integra/wrx crowd in terms of pricing - in which case $30-40k would be high to them -

honda9krpm

I think the S is a collectible item. The S tends to fall into "well off " owners.

Most of us that like to keep the car are car enthusiasts.

Most of the people who sell the car are either
1. sick of the car (physically or mentally )
2. in some sort of financial turmoil
3. end of least option

Those sellers often need the $$$ very quickly and probably has driven the price
Also with the recent bad, unjusted rating on the S. I am not surprised that the price has fallen so rapidly. Who care anyway, it's just a case of supply and demand and I will keep this car for collection anyway

If you think about it
A new ITR is around $40k even a used on would be around $30k, I would not think 2x about getting a used S for this price

DaveFromSydney

While there is obviously a correlation between distance and age or model year it seems to me that it is the year that is the major factor in the pricing. All of the sub-$50K cars I have seen are 99 models. On the other hand an 01, even with less than 10,000km on the odometer, will already have dropped to less than $60K privately.

My guess is that we will see the first sub $40K car before the end of this year. It will be a 99 model and it will not necessarily have over 100,000 kms on it either.

swells65

Mine's probably worth < $40K by now. :-))

potentialbuyer

I woun't be surprised to see $40 with less than 100K kms at the end of this year..
thats for 99 and 2000 models as well..






Mo

bmoyes

"S2000 Prices....how far will they fall?"

The longer you wait, the lower they get, I guess.

Sunder

Hey, I just got offered $35,000 for mine.

90,000km
Full Log book service every 5000km
Very mild mods
Paintwork and Interior in Immaculate condition (You have to look real hard just to find a couple stone chips)
Mechanically perfect.

I turned it down. I reckon I can get at least $42,000 for it.