Formula for estimating S2000 values
I remember someone on here came up with a formula that take into consideration of model year and mileage to determine approximately how much a S2000 is worth, but I can't seems to find it anymore. Does anyone know what I'm talking about?
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Or perhaps the discussion in the buying high mileage thread?
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Originally Posted by GuthNW
(Post 24406085)
Or perhaps the discussion in the buying high mileage thread?
i was specifically looking for this "based on $20,000 and 40,000 miles for a 2006. Add/subtract $1000 for every year older or newer and for every 10,000 miles under or over." |
Hmm, let's see...
$20k 4 * $1k per year = 4k 13 * $1k per 10k over 40k = 13k Apparently my car is worth $3k :clap: |
I've always done the $16k = 2006 with 60k miles formula (easy to remember...because there's 6 in each price, year and miles)
Subtract/Add $1k per 1 year under/over from 2006 and under/over 10k miles from 60k miles Examples: 2008 with 20k miles = $16k + $2k + $4k = $22k 2003 with 90k miles = $16k - $3k - $3k = $10k So, it kinda works for lower mileage cars. Maybe add $1-3k more for a more realistic going rate. Add $3-4k for hardtop. But, it doesn't work at all with high mileage cars though, haha: 2001 with 160k miles = $16k - $5k - $10k = $1k |
Originally Posted by Jah2000
(Post 24406378)
I've always done the $16k = 2006 with 60k miles formula (easy to remember...because there's 6 in each price, year and miles)
Subtract/Add $1k per 1 year under/over from 2006 and under/over 10k miles from 60k miles Examples: 2008 with 20k miles = $16k + $2k + $4k = $22k 2003 with 90k miles = $16k - $3k - $3k = $10k So, it kinda works for lower mileage cars. Maybe add $1-3k more for a more realistic going rate. Add $3-4k for hardtop. But, it doesn't work at all with high mileage cars though, haha: 2001 with 160k miles = $16k - $5k - $10k = $1k |
this is it! thanks i was specifically looking for this "based on $20,000 and 40,000 miles for a 2006. Add/subtract $1000 for every year older or newer and for every 10,000 miles under or over." -- Chuck |
Originally Posted by Jah2000
(Post 24406378)
I've always done the $16k = 2006 with 60k miles formula (easy to remember...because there's 6 in each price, year and miles)
Subtract/Add $1k per 1 year under/over from 2006 and under/over 10k miles from 60k miles Examples: 2008 with 20k miles = $16k + $2k + $4k = $22k 2003 with 90k miles = $16k - $3k - $3k = $10k So, it kinda works for lower mileage cars. Maybe add $1-3k more for a more realistic going rate. Add $3-4k for hardtop. But, it doesn't work at all with high mileage cars though, haha: 2001 with 160k miles = $16k - $5k - $10k = $1k LOL, my car would be worth - $$$. I think there is a bottom end regardless of year or mileage. I would say a CLEAN TITLED, decent running and driving S2000 with minimal mods would bottom out at around $7500-$8000? |
Originally Posted by Fivepointnine
(Post 24406915)
I think there is a bottom end regardless of year or mileage. I would say a CLEAN TITLED, decent running and driving S2000 with minimal mods would bottom out at around $7500-$8000?
Regardless of the market, those S2000s that retain a clean title, with the fewest modifications, in great condition (especially those with service documentation) will always sell for the most money. For the sake of comparison, looking over the cars currently for sale here in the PNW, even high mileage, early model AP1s meeting the above stated requirements are priced at $10,000 and above. If you find an S2000 for less than $10,000 out here then you can also typically expect it to have a rebuilt/salvage title. You can still find a few of these cars with clean titles selling for four figures out here, but they are getting harder and harder to find. |
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