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

Car modifications = waste of $ on resale?

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Old Jan 1, 2006 | 03:17 PM
  #11  
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In my own opinion modding a car is not a waste because that is what I like to do as a hobby and if I did not modify my cars then I would lose even more money from selling new cars every year for another one after I become tired of them. By modifying my car I always have new parts going on the car that keep it fresh where I don't grow tired of it. If you are looking into modding your car for the resale value then it is definitely not worth it because you will get almost the same amount for the car, but you can always part out the car and sell your aftermarket parts and then sell your car as stock. This is what I have done with my previous cars, but IMO the modifications that I make to my cars are not a waste at all because that is what I like to do.
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Old Jan 1, 2006 | 03:24 PM
  #12  
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This car is one of the most "selfish" things I've done, considering it is basically just for me. The mods I do are for me - what I want, how I want it set up. *IF* I ever sell, I may pull some mods and sell separately. Depends on your perspective - I do all the work myself and a big bonus for me is this car is as easy/easier to work on than other cars I've owned. If you have to pay someone to do your mods and you don't understand / follow what has been done - then mods are probably not worth it. This car fits me like a glove, and I'll continue to adjust until it fits even better . Enjoy - its all what you like to do....
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Old Jan 1, 2006 | 04:36 PM
  #13  
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This is why I rarely ever buy new mod parts. I wait until a used piece comes up for a good price. This way, I can sell it for near or the same price as I bought it for if I decide not to keep it.

For instance, you can get a used supercharger for 3 thousand dollars, drive it for a year or two, and sell it for the same or almost the same as the 3 thousand you invested in it.
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Old Jan 1, 2006 | 05:31 PM
  #14  
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I think some people fear that a modified car may have been beat on. I think the opposite is more likely. A modified car has probably been meticulously maintained. But I think you'll probably only get 25 cents on the dollar for your mods. Personally I'd love to pick up a heavily modified supercharged "S" for only slightly more cash than a stocker. My son has a 1997 Mitsubishi Eclipse GSX that he has $30k into and he'd be lucky to get $10k for it.
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Old Jan 1, 2006 | 05:40 PM
  #15  
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Mods are a wayste of money other than your enjoyment. Actually most likely you will get less for a modded car than a totally stock car. I will change mine back to stock if/when I sell mine. Otherwise you give all mods away and loose money in the process
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Old Jan 1, 2006 | 08:48 PM
  #16  
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Originally Posted by Ro_Ja Boy,Jan 1 2006, 02:30 PM
I had planned to keep my S forever. Things changed quickly and im getting rid of it. You never know whats going to happen.

Ryan
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Old Jan 1, 2006 | 09:47 PM
  #17  
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Originally Posted by XclusiveAutosports,Jan 1 2006, 04:17 PM
In my own opinion modding a car is not a waste because that is what I like to do as a hobby and if I did not modify my cars then I would lose even more money from selling new cars every year for another one after I become tired of them. By modifying my car I always have new parts going on the car that keep it fresh where I don't grow tired of it. If you are looking into modding your car for the resale value then it is definitely not worth it because you will get almost the same amount for the car, but you can always part out the car and sell your aftermarket parts and then sell your car as stock. This is what I have done with my previous cars, but IMO the modifications that I make to my cars are not a waste at all because that is what I like to do.
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Old Jan 2, 2006 | 04:09 AM
  #18  
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In my experience, modifications are actually a handicap if you're going to trade the car at a dealership. They use mods as an excuse to low-ball trade-in valuation.

On the other hand, if you're going to sell the car privately and find the right buyer, they can be a big plus. However, even in this case, they're not an investment--you'll seldom get your cost back.

And if you're keeping the car long enough that it becomes a collector's item (like those Barrett-Jackson cars), it needs to be bone stock to get maximum value. Also, it needs to be low mileage. And I don't understand how anyone could own an S and not drive it. HPH
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Old Jan 2, 2006 | 08:07 AM
  #19  
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[QUOTE=Ro_Ja Boy,Jan 1 2006, 02:30 PM]I had planned to keep my S forever.
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Old Jan 2, 2006 | 08:30 AM
  #20  
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