S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

am i crazy ?

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Old Mar 13, 2003 | 08:17 AM
  #1  
Mercede's Avatar
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From: Jersey
Default am i crazy ?

it just seems weird to me that so many 01s, and 02s are going for so much (in many cases 25K+ with low mileage) when a new 03 can be had for a little over 29. Why wouldnt one just pay the extra 3 grand which if financed over 3 or 4 years doesnt really come out to that much ? You ll get a new car, peace of mind of proper break in, and that new car smell
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Old Mar 13, 2003 | 08:21 AM
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From: Calgary, AB
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Not to mention that the '03 will also depreciate 3 grand when you drive it off the lot, so now you're actually out 6 grand.

But yeah, it depends how badly you want a brand new car. For me, My '01 was $10,000 ($6200 US) than a brand new S2000... so it was worth it.
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Old Mar 13, 2003 | 09:38 AM
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From: Sterling
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It also depends on what kind of payment plan you are looking at. For example, if you are leasing, getting a '03 will be cheaper for you in the long run, because the residual value of '03 is greater than a '02. For puchase, some banks, not all (speaking out of personal experience) give better APR to new cars, compared to used ones.
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Old Mar 13, 2003 | 09:50 AM
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I got my MY00 for $28,000 last Jan when the prices were still higher. But my car came loaded with everything and the loaded 02's were still being sold for over $34,000. So I saved $6000 off of a new car which saved me about $140 a month in payments. The glass window is nice, but not $6000 nice.
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Old Mar 13, 2003 | 09:56 AM
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It also depends on where you buy your S2000. The sticker on my 2001 S2000 was $39,000. Today the 2003s still have the same sticker price. There is no way you can get one for under $33,000 new here. BTW here is Hawaii.

Update: I stand corrected. My friend just picked one up for $32,400 cash. Granted its paid off but that was about $1000 cheaper than mine.
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Old Mar 13, 2003 | 10:53 AM
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From: Jersey
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jdm, i hate you. haha nuff said.. it snowed again a couple inches out here in massachusetts. someone remind me again why stooks are the cheapest in this region of the country ?
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